Your classic car is an investment, and it is important to keep it regularly maintained and serviced to be at its best. Other than the appearance and condition of your classic, mileage is another factor that can drastically change the value of your antique car.
Keeping the mileage low on your classic is one way you can keep your value high. Although there are some collectors that believe original parts and condition are more important than low mileage, the number of miles does play a role in determining the value of your classic or vintage vehicle. An all-original car with low mileage is far more valuable than one with higher mileage.
It should be noted when buying classic cars, however, that mileage can be adjusted, and without verification it is not possible to prove that the odometer has the correct reading. Be sure to keep in mind that the condition of the car matches the mileage claim when purchasing a vintage vehicle, and keep all paperwork and proof of your own classic’s mileage.
At Classic Auto Insurance, we offer three tiers of mileage plans to suit your driving habits. These plans go from 1000, 3000, or 6000 miles. Don’t worry about not using up all your miles, we roll over unused miles to your next policy term! Contact us today and get a free classic car insurance instant quote.
About the Author
Drew Yagodnik is Vice President of Classic Automobile Insurance Agency, Inc. Classic Automobile Insurance Agency has been protecting collector, classic and exotics since 1992.