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How to sell your collectible automobile.

Classifieds’ broad approach will present you with thousands of not-so-qualified buyers, picture collectors, test drivers and tire kickers. In many cases sellers give up their quest and keep their collectible another season. All that being said, with enough patience and lot of time returning phone calls and sending photos you can find a buyer.

Make the Decision
This may sound a bit silly butmake sure you truly want to sell your vehicle. I have heard many a story about sellers remorse or a frustrated potential buyer who had his heart set on a vehicle and the seller backs out. They remember and word travels fast. You may very well muddy the water when you are later serious about selling.

Build Your Ad
Your ads need to be detailed with a lot of photos. Did I mention detailed with lots of photos? You will thank me later for this. It is always a good idea to run spell check and have someone else read it over. Lots of people will be looking at your ad and whether you believe it or not, the more time and effort you take in creating the ad the more money you will end up with when you sell.

Target Your Audience
If you want to sell your collectible vehicle in a relatively short period of time and at a good market price you need to target your advertising. You should spend some time finding related car clubs in you area. There are also great websites like Hemmings Motor News and organizations like the AACA to assist in your research.

Choose Your Medium
Online Classifieds
Online classified sites like Hemmings.com and Collector Car Trader Online offer you a tremendous opportunity to put your vehicle in front of thousands of internet surfers. Just understand that you will be spending a lot of time answering the same questions and your email will be full of a lot of unqualified lookers. A word on free ad sites: Some worksome dont. In many cases you get what you pay for. Many keep sold cars to give appearance of a very active site. Nothing annoys buyers more than hearing, I sold that vehicle months ago and they just wont take it off the site.

Niche Magazines
Another advertising resource is magazines and websites that are specific to the marque or type of collectible automobile. They have a highly targeted audience but in most cases it takes 30-60 days for your ad to appear in print.

eBay Auctions
eBay is the worlds largest online auction site. Millions of registered users are buying and selling everything from knick knacks to project cars. They are starting to lose some of their luster with all the fraudulent emails, stolen cars and a less than stellar sell-through rate. I ran a report earlier this year and found that over 3,000 vehicles were listed and the number of successful auctions was under 400. Hmm40.00 to list for a 7-day auction multiplied by 3,000 is 120,000. Good for eBaynot so good for collectors. On a side note, the most searched for vehicle make on eBay is Honda and last time I checked there were not a lot of Hondas garnering collectors interest. Do your homework when you price the vehicle and be prepared for a lot of bogus bids.

The New Approach
Many sellers are turning to specialized marketing and online auction organizations that will analyze your target market, develop a marketing plan, take care of all of the ad placements and even pre-qualify your potential buyers. These new organizations have various programs, so choose carefully. Some want a percentage of selling price much like a broker, and others offer flat-fee programs. Do your homework. Ask lots of questions. One of the top organizations who provide these kinds of services is The Route 66 Auction. http:www.theroute66auction.com. They offer online auctions and marketing programs for collector cars, trucks and other collectible automobiles, with packages ranging from sell-it-yourself auctions to full-brokerage of your vehicle.

Buy Or Lease Your Next Automobile?

Leasing a luxury car imposes lower costs, generally comparable to the interest rate of financing a loan. However, if you terminate a lease early or default on a monthly lease payment, you can face major financial penalties and ruin your credit rating. The decision of whether to buy or lease a vehicle also depends on your unique lifestyle. If you drive many miles each year and dont mind paying repair bills, you probably should purchase your car. If, on the other hand, you exceed the mileage limitation or if the car shows considerable wear and tear at the end of the lease, you may find yourself paying large end-of-lease costs.

When you are thinking about getting a new car, one question always comes up: is it better to buy or lease? There is, of course, no one single answer. Each choice has benefits and disadvantages, so the choice depends on your own particular personal and financial circumstances.

A key issue is affordability. Is your job situation stable? Are you in overall good financial shape? The short-term monthly expense associated with leasing a car is much lower than the monthly payments required when purchasing a vehicle. With leasing, you pay only for the part of the vehicles cost used during the period of time you drive it. If you have the cash on hand, and you can pay the down payment and sales taxes either in cash or via a loan as well as the interest rate buying a car gives you that feeling of ownership and may be the best financial option.

If you want to get your hands on a luxury car, but you cant afford the initial costs associated with buying one, leasing is your best option. Leasing a luxury car imposes lower costs, generally comparable to the interest rate of financing a loan. However, if you terminate a lease early or default on a monthly lease payment, you could face major financial penalties and this could ruin your credit rating. Before you decide to lease, make sure you adjust your budget for the monthly lease payment for the duration of the contract.

The decision of whether to buy or lease a vehicle also depends on your unique lifestyle. What does it mean to you to own a car? Do you bond with your car, or do you like having something new? If you plan to drive a vehicle for more than five years, buying it through careful negotiations is probably your best bet. On the other hand, if you would rather drive a new car every two or three years, leasing is for you.

You should also consider your actual transportation needs. Think about how many miles per year you drive and how you handle car maintenance. If you drive many miles each year and dont mind paying repair bills, you probably should purchase your car. With leasing, contracts are made with assumptions of limited mileage, typically between 12,000 to 15,000 miles driven per year, as well as considerations of wear-and-tear on the vehicle. If you can stay within the stated mileage limits and keep the automobile in good condition throughout the duration of your lease, leasing is a reasonable option. However, if you exceed the mileage limitation or if the car shows considerable wear and tear at the end of the lease, you may find yourself paying large end-of-lease costs.