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An antique car is an automobile that is an antique. Narrower definitions vary based on how old a car must be to qualify. The Antique Automobile Club of America defines an antique car as over 25 years of age. [1] However, the legal definitions for the purpose of antique vehicle registration vary widely.
The most expensive car crash in recorded motoring history was caused by Christopher Cox, who crashed while driving his Ferrari 250 GTO and completely destroyed its front end. The car itself has an estimated value of approximately $30 million (USD) prior to the incident. [38]
Black Book collects data from wholesale auctions it attends in person or online, applies adjustments and compares them against dealer advertised prices. Access is restricted because it requires subscriptions, but public access to its price search features are accessible through third party sites such as Newcars.com. [4] Assessing car value is dependent on several factors including make, model ...
Certified pre-owned value: A certified pre-owned value is the value of a vehicle that has been inspected by third-party inspectors. Vehicles backed by certified pre-owned factors include a factory ...
Depending on the value of the car, all imported "classic or antique vehicles are subject to a 2.5% duty rate." [ 2 ] There are, however, two exceptions: Firstly, the NAACC is responsible for doing away with import duties at the Canadian border for all vehicles and related parts 25 years old or older.
The company reports market value prices for new and used automobiles of all types, as well as motorcycles, snowmobiles and personal watercraft. [16] For both new and used automobiles, Kelley Blue Book provides a fair market range and fair purchase price, based on actual transactions of what others are paying for a vehicle and adjusted regularly as market conditions change.
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