If you’re curious about collector cars, you’re likely wondering which models are most valuable and why. The factors that determine a vehicle’s value vary, and there are many misconceptions about what makes a vehicle valuable.

The experts at Charlotte AutoFair explain three key factors that affect the value of collector cars, so you can prepare to start shopping at the next major auto show:

• Condition Is Not the Most Important Factor: While beginner buyers may see the condition as a major indicator of value, that’s simply not the case. The informed buyer wants the total package, and that includes much more than the condition. Even with a few nicks or scratches, a vehicle with an interesting history is going to be worth more than its neighbor, even if every other model at the car exhibit is in pristine condition. History and documentation are significant value factors; the condition is not. After all, what’s better than a great car that includes an equally great story? Minor scratches can be fixed; history and documentation are there to stay.
• Rarity Is Not the Most Important Factor: While many rare collector cars are high in value, rarity in itself does not equate to worth. The model itself has to be beautiful, desirable, and have a great history. Sometimes a car is rare because it simply wasn’t popular. There are endless makes and models at any auto show or car exhibit, but a quick glance will show that rarity and worth are usually two separate traits.
• Investing a Lot Doesn’t Mean It’s Worth a Lot: Many beginners to the hobby purchase collector cars and spend money on investments, restoring a car that doesn’t even require restoration. The make and model make a difference here; some cars are well worth the investment, while others simply are not. If there’s a similar model available for less money, buyers aren’t going to give your car a second glance, no matter how much you spent on investments. While the myth of investments equating to value is a common misconception, it’s far from the truth. Original, desirable models with a unique history will collect the most value in the end.

If you have a love for collector cars, the Charlotte AutoFair is a must-attend event. As the largest auto show in the Southeast, it’s been attracting enthusiasts for over 30 years. For more information about the event and its incredible variety of featured vehicles, visit the website, or give the auto experts a call at (704) 841-1990 today!