Classic Car Appraisal & Documentation
Provide professional appraisals and documentation for classic cars
Overview
Classic car appraisers charge $200-$800 per appraisal.
Completing 100-300 appraisals annually generates $100,000-$500,000 annually with 85-95% margins.
In 2025, classic car transactions require professional appraisals.
Services include insurance appraisals, pre-purchase inspections, estate appraisals, diminished value claims, authenticity verification, and documentation research.
Successful appraisers get professional credentials (ASA, IAA), develop expertise in specific marques or eras, understand market values and trends, provide detailed photographic documentation, maintain USPAP compliance, and work with insurance companies and attorneys.
Can specialize in specific makes or eras.
Marketing through insurance agents, estate attorneys, classic car dealers, auction houses, and professional associations.
Required Skills
- Vehicle Appraisal
- Market Knowledge
- Documentation Research
- Photography
- Report Writing
- Professional Standards
Pros and Cons
Pros
- Low overhead knowledge-based business
- High hourly value ($200-$800)
- Can work from home with field visits
- Multiple markets (insurance, estate, sales)
- Professional credentials create barriers
Cons
- Need extensive classic car knowledge
- Professional credentials required
- Liability for appraisal accuracy
- Must stay current with market values
- Building reputation takes time
How to Get Started
- Get professional appraisal credentials
- Develop expertise in classic car market
- Learn appraisal methodology and USPAP
- Build relationships with insurance agents
- Market through professional networks
- Provide detailed accurate appraisals
- Maintain market knowledge and credentials
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