The collector car market is exciting when you're in the acquiring stage, but tough to navigate when you're downsizing or liquidating. Our job is to offer confidential, objective, up-to-the minute market information to help you decide on a succession plan for your collection. The Carnection Advisory Plan (CAP) aims to put you in the driver's seat when the time comes.
- By getting to know you, we can guide you impartially through this mapping process. Do you want to create a legacy? Are your children interested in continuing the stewardship of your cars? Are your cars a part of your retirement planning? And maybe the biggest question, do you wish to avoid leaving your collection and the stress associated with that to your spouse? CA has created a multi point questionnaire that we use first to understand your desires, and then to document your history and your cars' pedigree.
- Next, we'll establish a General Market Value ™ (GMV) for your cars. Simply put, this is the Blue Book value, comparing your car to other similar cars that have sold. Then we'll go deeper.
- We'll then create the Historic Market Value ™ (HMV). The HMV combines the GMV, adds your personal history plus additional details not found in a price guide. Something as simple as the “fanny factor” could have a great impact on the HMV. A 1976 Ford Escort might be worth $2500. But if the Pope owned and sat in it, the value now exceeds $100,000. That’s just one extreme example of a factor to consider and document that will never be found in a price guide. Reliability is just as important as originality and restoration to the HMV. Your stories of the thousands of miles driven will be very valuable to potential future owners. Every detail is important.
- You have your garage at home, now we create your garage in the cloud. To map the future of your collection, we'll gather all the details, photos and videos of your cars and create your own private virtual garage. Now is when the work really begins for us. CA takes that information and uses your wishes to establish the best way to dissolve your collection when the time comes. Whether you'll be leaving your cars to your children or selling them at auction, the CA Plan will put your wishes into action. You may find that in order to maximize your estate of 10 cars, they should be sold to 10 different companies. A daunting task working alone, especially for a surviving spouse but that's our job.
Once your virtual garage is built, we’ll review your plan, at minimum, on an annual basis. As collections change, updates can be made anytime.
Share your virtual garage when discussing your collection with others. You’ll no longer have to thumb through hundreds of photos on your phone. You’ll have immediate access to your photos along with the details making up your HMV. Or use your HMV to make sure your collection is properly insured to value. With just one click you’ll be able to forward all documentation needed to your current insurance provider.