Classic Car FAQ’S

Classic Cars FAQs

How old does a car have to be in order to be a classic?

What's considered a classic car?

Classic Car Pricing by Age

Are vehicles over 25 years old tax exempt?

Is my car a "Classic Car"?

Are classic cars a good investment?

Can you insure vehicles under restoration?

What’s the easiest way to begin entering car shows?

The show isn’t local. Do I need extra insurance for classic car shipping?

Do you finance classic cars?

If I buy this classic car, do I owe any taxes to Missouri / the United States?

This car looks perfect. Is it?

What is your rock-bottom price / what would you take for this car?

Where do you get your cars?

Consignment

I’d like you to help me sell my classic car—do you offer consignment?

f I consign my classic car with you, how long will it take for you to sell it?

What do you charge for consigning a car?

Classic Car Restoration

Can you help me find a donor car for my restoration project?

Classic Car Service & Information

Can you install air conditioning in this car?

My car runs hot in the summer. Can you help?

Are there other upgrades that can make my car more user friendly?

How much is it to insure a classic car?

Can you ship this car to me in <Some City> / <Some Country>?

In a country or region we didn’t mention?

Classic Cars FAQs

How old does a car have to be in order to be a classic?

This will vary from one state to another. In Missouri where we are located, a car 25 years or older can be registered as a Historic Vehicle. Older than 25 years is probably the most widely used cutoff.

What's considered a classic car?

The answer depends on who you ask. The strictest definition of a Classic is from the Classic Car Club of America. They limit classics to cars built between the years 1915 and 1948 but cars in that group must also be "distinguished by their respective fine design, high engineering standards and superior workmanship." We use the term classic car much more generically. There is no set rule but generally speaking it is cars over 25 years old that have appeal as a collectible car. Other terms often used are antique, vintage, and historical. Among state DMV departments, the definition also varies.

Classic Car Pricing by Age?

Age is just one of the factors that may determine the value of a particular classic car. However, being older doesn’t necessarily make a car worth more. The market for a given car is driven by a variety of factors. Please don’t hesitate to contact one our knowledgeable staff if you would like to discuss valuation factors in greater detail.

Are vehicles over 25 years old tax exempt?

Generally speaking, no but taxation on older cars varies from state to state. Some states do not apply sales taxes to older vehicles. Check with your state DMV for your particular tax situation.

Is my car a "Classic Car"?

By our definition, if it is 25 years old or greater and has appeal via styling, performance, build quality, or historical significance, we say yes. Again there is no mandated definition. If your family took vacations in a 1962 Pontiac station wagon when you were a child and you’ve just acquired a nice example to relive some of those memories, then that’s “historical significance” to you, so let’s call it a Classic.

Does NADA guides value the engine of a Collector Car?

We do not value individual parts (including the engine) of a vehicle. We value the vehicle as a whole in running condition.

Are classic cars a good investment?

It is not uncommon to buy an old car and years later, sell it for a nice profit. However, cars from different eras fall in and out of favor over time and can go down in value as well. We can cite examples where cars increased dramatically in value over a short period of time or went the other way too. We think you should buy a collector car for your personal enjoyment. If you decide to move on later and get your money back, that’s great. The fun you have and the memories it generates are really what you’re buying. Keep that in mind and you won’t be disappointed.

Can you insure vehicles under restoration?

Yes. coverage is available on vehicles being actively restored. Hagerty Insurance for example, offers extra coverage and services for vehicles being restored or built.

What’s the easiest way to begin entering car shows?

Start by looking for nearby cruise nights or Cars and Coffee events. These events are usually organized by small car clubs or groups of local classic car enthusiasts who want to show off their prized vehicles. There may be a registration process, entry fees, contests, and prizes if these neighborhood clubs are organized. In many cases though neighborhood cruise nights are simply parking lot get- togethers open to any owners who want to participate. You can find them by searching ‘classic car cruise nights near me’.

The show isn’t local. Do I need extra insurance for classic car shipping?

There are a lot of good reasons to choose classic car shipping over driving to and from shows throughout the year. Your classic car may be incredibly rare or delicate, or it might have its original paint job and you’d rather not risk even a single scratch. In that case, you should look for an auto transport company with a reputable track record when it comes to classic car shipping. Auto transport companies have insurance protection to cover your car in transit. However, we strongly recommend your collector car policy should provide this coverage as well. If something did happen, your insurance company will deal with the transport company saving you from that hassle. We also recommend insurance coverage through a collector car insurance company. They may cover perils regular policies don’t, have lower deductibles, and lower premiums too.

Do you finance classic cars?

Financing a classic car is a bit different than financing a late-model car, only because most banks don’t understand the value of the asset they are loaning money on. While we do not provide financing in-house, we work with companies that specialize in financing classic and exotic cars. Examples include J.J. Best, Woodside Credit, and Lightstream. Lenders usually require a 700+ FICO score, no bankruptcies, and a 10% down payment. Many will also send out an inspector to make sure the car is on the up-and-up for you.

If I buy this classic car, do I owe any taxes to Missouri / the United States?

No, not unless you are a Missouri resident and even then, you don’t pay any taxes to us at the time of purchase. Taxes are paid when you register the car with your state or import it into your country. The only amount you pay us is the price you agreed to when we made the deal. We do not assess junk fees like “document processing” or “administration fees”.

This car looks perfect. Is it?

#1 is Concours or essentially as new, if not better than new. Very few cars are #1 cars. The car is correct down to fine details like the finish on the head of a bolt under the hood. Dust and dirt are banned, and materials used are correct and superbly fitted. #2 cars are considered “Excellent” and can win local or regional shows. An experienced observer will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. The vehicle will drive as a new vehicle of its era would. #2 cars are nice enough that many casual observers would use the term “perfect” even though they’re not. #3 cars are “Good”. They may share some characteristics with a #4 car but the casual observer won’t typically spot these faults. #3 cars are a sweet spot for many buyers. They look good and drive well but can cost significantly less than a #2 car. Their premium above a #4 car may be less than the cost of taking a #4 to the #3 level. #4 cars are “Fair”. They may be a daily driver and will have flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Most will need some degree of cosmetic restoration to elevate them to “good” or better. #5 cars are “Projects”. These cars may not run and likely need substantial work to put right. For the do-it-yourself enthusiast with more skill and time than money, a #5 car may be the entry way to future showpiece. Our staff will assist in helping you find the condition level that best meets your needs. If that is a #3 condition car, then it is indeed “perfect” for you.

What is your rock-bottom price / what would you take for this car?

Our asking price on a vehicle allows us to represent it in a way that we can stand behind. Our ability to budge on price varies on a vehicle to vehicle basis. If you have a number that would work for you, let us know. We have a long list of cars that we are waiting to buy when capital becomes available, so expedited payment terms work well in your favor here. We truly buy cars as-is, where-is, but we try to use our team of classic car restoration specialists to take as many surprises out of the process for our customers. Wholesale prices on cars generally carry with them wholesale problems, and in the end, both parties may end up unhappy.

Where do you get your cars?

Most of our cars are purchased from individual collectors who for various reasons have decided to part with their car. In many instances, these are cars that have had high quality restoration and have been lovingly cared for. Occasionally and to our delight, we find an un-restored survivor car that’s never been taken apart but well maintained sometimes still wearing its original paint. From time to time we purchase a project that someone has given up on and our shop will complete it. For certain cars where we have extensive knowledge and experience like Jaguar E-types, we may purchase cars in rough condition and restore them.

Consigning a Car

I’d like you to help me sell my classic car—do you offer consignment?

We do. However, like our inventory, we like to keep consignments in the wheelhouse of high-condition classic and performance cars. If you have something that is outside of the realm of what we typically sell, we may be able to sell or market the vehicle for you still, just using other methods. Give us a ring at (314) 348-5774 to discuss what’s best for your vehicle.

If I consign my classic car with you, how long will it take for you to sell it?

Though there are exceptions, vehicles in our inventory sell on average in a little less than three months. If your aim is a quick sale, price your car accordingly. We can help you determine a market-value that should result in a fast turn.

What do you charge for consigning a car?

Our fee for selling your car is 7% of the sale price or $1,000, whichever is greater. There are no up-front consignment charges or monthly storage fees.

Classic Car Restoration

Can you help me find a donor car for my restoration project?

Absolutely. Keep in mind, it’s better to spend a little more up-front to find a rust-free, mostly complete car than to start with a cheap car and wind up with nothing but a roof and a firewall after media blasting. Sure, we can replace quarter-panels and floors, and by time we’re done, very few would able to tell the difference, but you will end up spending far more replacing metal than you would have spent had you bought a better car to start with. Starting your restoration project with the most complete, most rust-free car that we can find ensures that we save time replacing metal and sourcing parts, all of which saves you money.

Classic Car Service

Can you install air conditioning in this car?

Yes! We can install air conditioning systems on cars that never had them and we can upgrade the systems on cars that were so equipped originally. Our systems use environmentally friendly refrigerants and more efficient major components for air conditioning that really works.

My car runs hot in the summer. Can you help?

Different factors may cause overheating and we can diagnose and correct problems. However, many older cars did not have very efficient cooling systems to begin with. We offer a wide range of high efficiency aluminum radiators and electric fans to keep that engine cool on the hottest days.

Are there other upgrades that can make my car more user friendly?

A very popular upgrade is a modern transmission. We can provide modern 5 or 6 speed manual transmissions for many British, German, American muscle cars, and Corvettes. Having well-spaced gears improves acceleration and overdrive gears reduce engine RPMs at highway speeds. Our transmission upgrades are indistinguishable from the original from inside the car. We have braking upgrades and electric power steering system available as well. If you’ve owned your car for many years and you’ve aged along with it, our upgrades can make it both easier and safer to drive in today’s traffic.

Owning a Classic Car

How much is it to insure a classic car?

Since insurance companies know that classic cars tend to be babied and not driven much, insuring a classic car is really inexpensive. We’ve seen a number of policies at around $300 per year, but this will depend on the value of the car you want to insure. Some things to consider when selecting an insurance provider are Agreed Value (the amount the car will be insured for, as opposed to the book value of the car) and mileage restrictions (how much you can drive your car a year). Hagerty, Heacock Classic, and Chubb are leading classic car insurers.

Shipping Your Classic Car

Can you ship this car to me in <Some City> / <Some Country>?

Absolutely. We arrange shipping all over the country and all over the world as a courtesy to all of our clients absolutely free of charge.

How long does shipping take?

Once a car has been fully paid for, setting up shipping can take a few days. After shipping is scheduled, it can take a few days for the car to be picked up and another few in transit. If your car is going on a truck with 6 other cars, there will likely be stops and detours between our location and your delivery. Exclusive of Hawaii and Alaska, figure that shipping in the U.S will generally take a couple weeks from the time we place the order until it arrives at your door. At certain times of the year it may take longer such as when auto carriers are busy transporting cars to and from major auctions. If you are overseas, shipping generally takes about a month after your vehicle leaves our location.

How much is shipping to <Some City> / <Some Country>?

Transport cost will vary based on the distance and the type of carrier (open or enclosed). Give us a call and we can quickly get back to you with a shipping quote that best fits your needs. We can advise you on the best type of carrier for your particular car. Depending on your location you may be pleased to find that cost for auto transport is quite reasonable. In a country or region we didn’t mention? Just ask us, we’ll be happy to figure out what shipping a car to you will cost.
11714 Saint Charles Rock Rd St. Louis, MO 63044

Classic Car FAQ’S

JUST ONE MILE WEST OF THE ST. LOUIS AIRPORT

Classic Cars FAQs

How old does a car have to be in order to be a

classic?

What's considered a classic car?

Classic Car Pricing by Age

Are vehicles over 25 years old tax exempt?

Is my car a "Classic Car"?

Are classic cars a good investment?

Can you insure vehicles under restoration?

What’s the easiest way to begin entering car

shows?

The show isn’t local. Do I need extra insurance

for classic car shipping?

Do you finance classic cars?

If I buy this classic car, do I owe any taxes to

Missouri / the United States?

This car looks perfect. Is it?

What is your rock-bottom price / what would

you take for this car?

Where do you get your cars?

Consignment

I’d like you to help me sell my classic car—do

you offer consignment?

f I consign my classic car with you, how long will

it take for you to sell it?

What do you charge for consigning a car?

Classic Car Restoration

Can you help me find a donor car for my

restoration project?

Classic Car Service & Information

Can you install air conditioning in this car?

My car runs hot in the summer. Can you help?

Are there other upgrades that can make my car

more user friendly?

How much is it to insure a classic car?

Can you ship this car to me in <Some City> /

<Some Country>?

In a country or region we didn’t mention?

Classic Cars FAQs

How old does a car have to be in order to be a

classic?

This will vary from one state to another. In Missouri where we are located, a car 25 years or older can be registered as a Historic Vehicle. Older than 25 years is probably the most widely used cutoff.

What's considered a classic car?

The answer depends on who you ask. The strictest definition of a Classic is from the Classic Car Club of America. They limit classics to cars built between the years 1915 and 1948 but cars in that group must also be "distinguished by their respective fine design, high engineering standards and superior workmanship." We use the term classic car much more generically. There is no set rule but generally speaking it is cars over 25 years old that have appeal as a collectible car. Other terms often used are antique, vintage, and historical. Among state DMV departments, the definition also varies.

Classic Car Pricing by Age?

Age is just one of the factors that may determine the value of a particular classic car. However, being older doesn’t necessarily make a car worth more. The market for a given car is driven by a variety of factors. Please don’t hesitate to contact one our knowledgeable staff if you would like to discuss valuation factors in greater detail.

Are vehicles over 25 years old tax exempt?

Generally speaking, no but taxation on older cars varies from state to state. Some states do not apply sales taxes to older vehicles. Check with your state DMV for your particular tax situation.

Is my car a "Classic Car"?

By our definition, if it is 25 years old or greater and has appeal via styling, performance, build quality, or historical significance, we say yes. Again there is no mandated definition. If your family took vacations in a 1962 Pontiac station wagon when you were a child and you’ve just acquired a nice example to relive some of those memories, then that’s “historical significance” to you, so let’s call it a Classic.

Does NADA guides value the engine of a

Collector Car?

We do not value individual parts (including the engine) of a vehicle. We value the vehicle as a whole in running condition.

Are classic cars a good investment?

It is not uncommon to buy an old car and years later, sell it for a nice profit. However, cars from different eras fall in and out of favor over time and can go down in value as well. We can cite examples where cars increased dramatically in value over a short period of time or went the other way too. We think you should buy a collector car for your personal enjoyment. If you decide to move on later and get your money back, that’s great. The fun you have and the memories it generates are really what you’re buying. Keep that in mind and you won’t be disappointed.

Can you insure vehicles under restoration?

Yes. coverage is available on vehicles being actively restored. Hagerty Insurance for example, offers extra coverage and services for vehicles being restored or built.

What’s the easiest way to begin entering car

shows?

Start by looking for nearby cruise nights or Cars and Coffee events. These events are usually organized by small car clubs or groups of local classic car enthusiasts who want to show off their prized vehicles. There may be a registration process, entry fees, contests, and prizes if these neighborhood clubs are organized. In many cases though neighborhood cruise nights are simply parking lot get-togethers open to any owners who want to participate. You can find them by searching ‘classic car cruise nights near me’.

The show isn’t local. Do I need extra insurance

for classic car shipping?

There are a lot of good reasons to choose classic car shipping over driving to and from shows throughout the year. Your classic car may be incredibly rare or delicate, or it might have its original paint job and you’d rather not risk even a single scratch. In that case, you should look for an auto transport company with a reputable track record when it comes to classic car shipping. Auto transport companies have insurance protection to cover your car in transit. However, we strongly recommend your collector car policy should provide this coverage as well. If something did happen, your insurance company will deal with the transport company saving you from that hassle. We also recommend insurance coverage through a collector car insurance company. They may cover perils regular policies don’t, have lower deductibles, and lower premiums too.

Do you finance classic cars?

Financing a classic car is a bit different than financing a late-model car, only because most banks don’t understand the value of the asset they are loaning money on. While we do not provide financing in- house, we work with companies that specialize in financing classic and exotic cars. Examples include J.J. Best, Woodside Credit, and Lightstream. Lenders usually require a 700+ FICO score, no bankruptcies, and a 10% down payment. Many will also send out an inspector to make sure the car is on the up-and- up for you.

If I buy this classic car, do I owe any taxes to

Missouri / the United States?

No, not unless you are a Missouri resident and even then, you don’t pay any taxes to us at the time of purchase. Taxes are paid when you register the car with your state or import it into your country. The only amount you pay us is the price you agreed to when we made the deal. We do not assess junk fees like “document processing” or “administration fees”.

This car looks perfect. Is it?

#1 is Concours or essentially as new, if not better than new. Very few cars are #1 cars. The car is correct down to fine details like the finish on the head of a bolt under the hood. Dust and dirt are banned, and materials used are correct and superbly fitted. #2 cars are considered “Excellent” and can win local or regional shows. An experienced observer will have to look closely for flaws, but will be able to find some not seen by the general public. The paint, chrome, glass and finishes will all appear as excellent. The vehicle will drive as a new vehicle of its era would. #2 cars are nice enough that many casual observers would use the term “perfect” even though they’re not. #3 cars are “Good”. They may share some characteristics with a #4 car but the casual observer won’t typically spot these faults. #3 cars are a sweet spot for many buyers. They look good and drive well but can cost significantly less than a #2 car. Their premium above a #4 car may be less than the cost of taking a #4 to the #3 level. #4 cars are “Fair”. They may be a daily driver and will have flaws visible to the naked eye. The chrome might have pitting or scratches, the windshield might be chipped. Paintwork is imperfect, and perhaps the body has a minor dent. Most will need some degree of cosmetic restoration to elevate them to “good” or better. #5 cars are “Projects”. These cars may not run and likely need substantial work to put right. For the do- it-yourself enthusiast with more skill and time than money, a #5 car may be the entry way to future showpiece. Our staff will assist in helping you find the condition level that best meets your needs. If that is a #3 condition car, then it is indeed “perfect” for you.

What is your rock-bottom price / what would

you take for this car?

Our asking price on a vehicle allows us to represent it in a way that we can stand behind. Our ability to budge on price varies on a vehicle to vehicle basis. If you have a number that would work for you, let us know. We have a long list of cars that we are waiting to buy when capital becomes available, so expedited payment terms work well in your favor here. We truly buy cars as-is, where-is, but we try to use our team of classic car restoration specialists to take as many surprises out of the process for our customers. Wholesale prices on cars generally carry with them wholesale problems, and in the end, both parties may end up unhappy.

Where do you get your cars?

Most of our cars are purchased from individual collectors who for various reasons have decided to part with their car. In many instances, these are cars that have had high quality restoration and have been lovingly cared for. Occasionally and to our delight, we find an un- restored survivor car that’s never been taken apart but well maintained sometimes still wearing its original paint. From time to time we purchase a project that someone has given up on and our shop will complete it. For certain cars where we have extensive knowledge and experience like Jaguar E- types, we may purchase cars in rough condition and restore them.

Consigning a Car

I’d like you to help me sell my classic car—do

you offer consignment?

We do. However, like our inventory, we like to keep consignments in the wheelhouse of high-condition classic and performance cars. If you have something that is outside of the realm of what we typically sell, we may be able to sell or market the vehicle for you still, just using other methods. Give us a ring at (314) 348-5774 to discuss what’s best for your vehicle.

If I consign my classic car with you, how long

will it take for you to sell it?

Though there are exceptions, vehicles in our inventory sell on average in a little less than three months. If your aim is a quick sale, price your car accordingly. We can help you determine a market- value that should result in a fast turn.

What do you charge for consigning a car?

Our fee for selling your car is 7% of the sale price or $1,000, whichever is greater. There are no up-front consignment charges or monthly storage fees.

Classic Car Restoration

Can you help me find a donor car for my

restoration project?

Absolutely. Keep in mind, it’s better to spend a little more up-front to find a rust-free, mostly complete car than to start with a cheap car and wind up with nothing but a roof and a firewall after media blasting. Sure, we can replace quarter-panels and floors, and by time we’re done, very few would able to tell the difference, but you will end up spending far more replacing metal than you would have spent had you bought a better car to start with. Starting your restoration project with the most complete, most rust-free car that we can find ensures that we save time replacing metal and sourcing parts, all of which saves you money.

Classic Car Service

Can you install air conditioning in this car?

Yes! We can install air conditioning systems on cars that never had them and we can upgrade the systems on cars that were so equipped originally. Our systems use environmentally friendly refrigerants and more efficient major components for air conditioning that really works.

My car runs hot in the summer. Can you help?

Different factors may cause overheating and we can diagnose and correct problems. However, many older cars did not have very efficient cooling systems to begin with. We offer a wide range of high efficiency aluminum radiators and electric fans to keep that engine cool on the hottest days.

Are there other upgrades that can make my car

more user friendly?

A very popular upgrade is a modern transmission. We can provide modern 5 or 6 speed manual transmissions for many British, German, American muscle cars, and Corvettes. Having well-spaced gears improves acceleration and overdrive gears reduce engine RPMs at highway speeds. Our transmission upgrades are indistinguishable from the original from inside the car. We have braking upgrades and electric power steering system available as well. If you’ve owned your car for many years and you’ve aged along with it, our upgrades can make it both easier and safer to drive in today’s traffic.

Owning a Classic Car

How much is it to insure a classic car?

Since insurance companies know that classic cars tend to be babied and not driven much, insuring a classic car is really inexpensive. We’ve seen a number of policies at around $300 per year, but this will depend on the value of the car you want to insure. Some things to consider when selecting an insurance provider are Agreed Value (the amount the car will be insured for, as opposed to the book value of the car) and mileage restrictions (how much you can drive your car a year). Hagerty, Heacock Classic, and Chubb are leading classic car insurers.

Shipping Your Classic Car

Can you ship this car to me in <Some City> /

<Some Country>?

Absolutely. We arrange shipping all over the country and all over the world as a courtesy to all of our clients absolutely free of charge.

How long does shipping take?

Once a car has been fully paid for, setting up shipping can take a few days. After shipping is scheduled, it can take a few days for the car to be picked up and another few in transit. If your car is going on a truck with 6 other cars, there will likely be stops and detours between our location and your delivery. Exclusive of Hawaii and Alaska, figure that shipping in the U.S will generally take a couple weeks from the time we place the order until it arrives at your door. At certain times of the year it may take longer such as when auto carriers are busy transporting cars to and from major auctions. If you are overseas, shipping generally takes about a month after your vehicle leaves our location.

How much is shipping to <Some City> / <Some

Country>?

Transport cost will vary based on the distance and the type of carrier (open or enclosed). Give us a call and we can quickly get back to you with a shipping quote that best fits your needs. We can advise you on the best type of carrier for your particular car. Depending on your location you may be pleased to find that cost for auto transport is quite reasonable. In a country or region we didn’t mention? Just ask us, we’ll be happy to figure out what shipping a car to you will cost.