How To Buy A Car Online

Getting the Most out of an Online Car Purchase

Buying a collector car online has become the best way to buy in today’s car market.  Taking advantage of a dealer with a large inventory you can tour online, or a private seller using a site like Cars On Line, can get you the car you want at a fair price.  With only a few exceptions, the concerns of an online buyer are no different than those of one looking at a car in-person. As part of an ongoing series, Cars On Line will be guiding you through the challenges that can accompany an online car purchase.

COLLECTING, INVESTING AND JOY RIDING
When making the decision to buy a collector car, a buyer first needs to decide what they’ll want to be doing with the car. Criteria for a purchase will be wildly different for a car that’s going to be competing at national shows than one that’s going to be driven at every opportunity.

When considering a car as an investment there are even more aspects of a purchase to consider. We’ll discuss what kinds of documentation a car will need to achieve the highest levels of collectability, and therefore demand the highest dollar.
When purchasing a car as an investment, you may find some helpful information in the following articles:

Condition Classes: Learning which condition class a vehicle falls into will tell you how close it is to being competition worthy, or how much work you’ll have ahead of you to make it worthy. It’s also a vital step in assessing the value of the car, as detailed in Determine Classic Car Values.

Using a Classic Car Price Guide: The same car might be worth a wildly different amount depending on the condition that it’s in. A car numbered 4 or 5 will likely never be a investment car, and though a number 3 car may be an excellent driver-quality car, there’s still a wide variety of factors that could prevent it from being a worthy investment. This article will teach you what you need to know about each of the condition categories, and put you on track to being able to accurately estimate what a car is worth.

Importance of Documentation: Proving the pedigree of a classic car can make a difference of thousands of dollars. This article will teach you what kinds of paperwork a car might include to prove where it came from, and what it was built with. Some of the manufacturer’s were better at keeping records than others. We’ll be discussing companies like GM of Canada and individuals like Kevin Marti, and how they’ve kept the hope of owning an “original” alive for car models that might have slipped into the fog of history.

Classic Car Inspection Service:  As knowledgeable as you might be, getting a second opinion from someone that makes a living putting cars through their paces is strongly recommended before putting serious money down on an investment vehicle. In this article, you’ll learn what to expect and what you’ll get from popular inspection services like the Cars On Line Inspection Referral Service.

All of these are important factors to consider when purchasing a car for investment, but shouldn’t be discounted if the purchase is for fun either. The same can be said in reverse for the topics below:

Using a Bill of Sale: Regardless of what your goal is with a collector car, if money is on the line, you should be using a bill of sale in concluding the transaction. Learn the components that make for a document that can hold the other party legally accountable for the claims they’ve made about the car your giving them money for.

Classic Car Market Scams: This article will familiarize a car buyer with some of the scams that are floating around out there, and teach the basic rules that will help you avoid not just the existing scams, but anything unscrupulous people might cook up to separate trusting buyers from their cash.

Using an Auto Transport Service: Once a car is purchased, it’s likely it will need to be shipped if the transaction took place over the internet. We’ll discuss some of Cars On Line’s trusted partners, and give you a good example of what to look for in a shipping company that excels in the transport of collector vehicles.

How to Spot a Water Damaged Car: The frequency of large super storms that land from the Atlantic are on the rise, and that means water-damaged cars are entering the market with greater frequency as well. This article will help you identify if a car has been submerged or damaged by flood waters, as well as familiarize yourself with the high cost of buying a flood-damaged vehicle.

Final Steps for Buying a Car Online: Once you’ve decided to buy a car, there are steps you’ll want to be familiar with in making sure the transaction goes smoothly. Most of these are technical, such as methods of payment, getting an agent involved and the validity of escrow services.

Check back regularly to the How to Buy a Car Online section, where we’ll be updating existing articles and writing new ones on a regular basis, all with the objective of helping you to make the best decision when buying a collector car.

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