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228 N. Baltimore (K15) P.O. Box 406 Derby, Kansas 67037 Phone (316) 788 2898 e mail: pride228@swbell.net
Our 19th Year, 1989-2008 MONEY BACK Satisfaction Guarantee For Our Internet Buyers
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Is it hard to get a classic car financed? No, it's easy to do. And, loans rates on special interest cars are at competetive rates. We work with loan officers at banks and credit unions, that know we sell good quality special interest vehicles. They also know that these vehicles are excellent collateral, because they hold their value, and often actually appreciate in value, unlike newer cars that can depreciate rapidly. We'll be happy to assist you with financing. All you need to do is fill out a standard application, and we can normally have your loan approved and you in your "new" car the same day. No, in fact our customers are often surprised at how reasonable insurance on a special interest auto is. That's because these cars are usually more carefully protected by their proud owners. They're usually kept garaged much of the time, and are not driven many miles each year. You will want to point these facts out to your insurance agent when getting a quote. And if the quote isn't very reasonable, we can often recommend insurance companies that specialize in this market. Is there anything in particular to be cautious about when insuring a classic? Yes there is. The value of a classic relies almost 100% on its condition, unlike newer cars that pretty much have a standard book value. Therefore, we recommend taking two special steps: First, Make sure that you establish the appropriate value of your vehicle with your insurance company. This usually requires a formal, written appraisal. We can often do this appraisal for you, or we can recommend another party to do the appraisal. Second, After you have established your vehicles value, Make sure that you are actually covered for that amount. For example, even though you may have an appraisal for $10,000, and you are paying a premium based on a $10,000 value, many policies are written so that when there is a loss, the insurance company may try to re-establish a new value, or negotiate a lower figure. Talk to your agent, and make sure that if you have a loss, your policy is the type that will pay you the stated amount of the policy. Is it hard to get parts for a classic car? No it isn't, not for a popular classic model. There are usually several different classic car part suppliers for most popular models, and they are very competetive with each other. We have found most suppliers to have good quality parts, at reasonable prices, and they provide quick shipping and excellent service. PRIDE will be happy to supply you with parts that you desire for your special interest vehicle. Are they expensive to work on? No, not if you use the "right shop". This is another of the benefits of a special interest vehicle. They are "simplier" machines, and have less options to be troublesome. Let PRIDE handle this for you. We deal with a number of quality, reasonably priced shops on a daily basis, and will gladly take care of your car too, on an ongoing basis. We handle any type of work for you, from minor maintenance to complete body off frame restorations. Click on After the Sale for more information about PRIDE's maintenance and restoration service for your vehicle.. Do they require a lot of maintenance? A good quality classic car should need only minimal maintenance. That's because they are "simplier" machines, and have less options to be troublesome. They key, of course, is starting with a good quality vehicle, and having the right shop do your maintenance work for you. PRIDE can help you in both of these areas. Are they a good investment, or just a hobby? Only you can answer this question, based on your particular circumstances. We would offer the following thoughts. 1. If you buy the right vehicle, and properly maintain it, it will at least hold its value, and most likely will appreciate in value. 2. Most hobbies cost money, and unlike a special interest vehicle, provide you with nothing to liquidate if and when you quit them. 3. What is the value to you, in your being able to drive, tinker with, and enjoy a special interest vehicle? 4. We have observed many situations, where a special interest vehicle can be a valuable common interest and learning experience for parents and their kids. It's real hard to place a value on this one. From our perspective, cars are considered classics because of a combination of various factors. But of course, there are always exceptions to the rules. 1. The car usually has a performance "image" for its era. It may not have actually been a performer, but had such an image. 2. It was considered to be "sporty" or "cool" for its era. Therefore, usually a 2 door, a 2 door post or hardtop, a convertible, sometimes just a 2 seater passenger vehicle, factory t-tops, targa tops and sunroofs. 3. It needed to have been "popular" and desirable when it was new. There may be exceptions to this, but we can't think of any examples of an unpopular car, even one endowed with many of the ingredients listed here, that becomes popular when it is 30 years old. 4. "Rare", or true limited production, is good too, but it can't stand alone. It will add to the value of a sought after car, but if it doesn't have some of the other ingredients listed here, rare by itself doesn't necessarily make a classic. 5. Classic car values are driven by the age of the group that the car appeals to. True, many classics appeal to wide age ranges, but we have observed that people in their 40's and 50's, tend to drive up the value of those vehicles that were popular and desired by them and their peers when they were teenagers, and in their early twenties. Answer still "under construction". We would appreciate your input. What makes a classic car hold it's value? Answer "under construction". We would appreciate your input. Is an extremely rare car more valuable? Answer "under construction". We would appreciate your input. What cars will be appreciating in value in the future? Answer "under construction". We would appreciate your input. Are project cars a good way of making or saving money? If you are new to this, and considering tackling a project car, we have a couple of suggestion for you. 1. Determine a realistic projected value for the vehicle when it is completed. For example, an old cars value guide book can show you the maximum value for the car you are interested in. It can cost about the same to build a desired valuable classic car as it can to build one that isn't. If you are going to spend $20,000 to restore a car, we'd suggest that you not pick one that has a top value of $7,500, even if the car you started with is free, unless of course, you just enjoy the project. 2. Tackle a light project car first, to make sure that this is for you. A large percentage of project cars never get finished by the original "project starter" because of the amount of time, skill, and money to finish the project is usually way under estimated. Even skilled individuals, who have built various cars, find it difficult to accurately assess these factors accurately. Therefore, we suggest you try a fairly easy project first, to make sure you want to tackle a major one. Answer still "under construction". We would appreciate your input
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