Due to what classic cars represent and what some are worth, some companies have made it their business to buy and resell classic cars or buy, restore, and sell them. It's big business, especially for classic cars worth a pretty penny to collectors and enthusiastic buyers. You'll find that many companies will buy cars, but only a few will purchase classic cars and value them correctly.
With over 30 years of experience in the industry, Gullwing Motor Cars, located in Astoria, New York, specializes in purchasing and selling European and American classic cars. The company has a specific list of cars they'll buy, but if it's a Ferrari, any model goes. For American Muscle Cars, they'll mostly buy Ford Mustangs, Chevrolet Camaros, and early Cadillac models. Click here for a complete list: Cars We Buy: Gullwing Motor Cars. Gullwing Motor Cars buys classic cars in any condition provided it meets their year of manufacturer requirements, making the company among the best you can sell a classic car to. If you're worried about your location, they will pick up the vehicle from any location in the US at no fee! Also, if you know where to find some lucrative classic cars, Gullwing Motor Cars will gladly pay a finder fee if the vehicle meets their expectations.
Peddle has been buying cars since the start of business in 2011, and they mainly specialize in cars you don't feel comfortable selling anywhere, hence their landing catchphrase, "fast cash for slow cars". Selling to the company is an uncomplicated process in which you submit the vehicle details and instantly get an offer. There's a downside to this since the valuation is mainly automated, but if you're selling a "junk car", as Peddle calls it, it's good, especially since you don't up to spruce up the car. Depending on the car's location, it might be picked up within 24 hours if you accept the offer. Payment is presented on the spot during collection if you are honest about the car's condition.
The offerings on the Vintage Car Collector website and socials should tell you the type of classic cars they specialize in, mostly high-end and well-kept classic cars. The company offers free professional valuation for your classic car and will even allow you to include a desired offer when submitting the vehicle's details. If you accept the offer, you'll get paid almost immediately, making Vintage Car Collector among the few companies paying you before collecting the car. The only downside of selling to Vintage Car collector is that their online sales form can be challenging to fill out, especially for vehicles with unknown mileage history since it's a requirement for a submission to be accepted.
Sellmax, a company that claims they're not magicians, but they'll make your old car disappear and leave a fat stack of cash as a tradeoff. Classic cars fall under old cars; if yours is broken down or a non-runner, SellMax will still buy it. Submit vehicle details by filling out a form on the company's website or via call, and you'll get an offer on the spot despite the car's condition. After accepting the offer, set a collection date that works for you, and staff will visit to collect the car at a location and date of your choice. An inspection will be done to verify the car's details, and after everything checks out and the paperwork is completed, you'll get your payment.
Wheelzy is one of the biggest car-buying companies in the United States. The company buys all sorts of cars, including classic cars and they'll buy a car regardless of its condition, provided it has the engine and transmission. Like most companies, you'll have to submit the vehicle details, including the VIN number, before getting an offer. However, with Wheelzy, you'll get an offer within 30 minutes, faster than most companies will present an offer. Wheelzy buys cars from all over the US, and pickup is free. Also, you don't have to take care of the paperwork as the company does that for you, including completing the sale process. You'll even get a bill of sale with your payment, making Wheelzy one of the most convenient companies to sell your classic car to.
Like other methods, selling a classic car to a company that buys classic cars has advantages and disadvantages, but moving forward, you'll find that more benefits outweigh the cons. The following are the major pros and cons of selling classic cars to companies that buy these beloved pieces of automotive history.
When selling a classic car to a company specializing in buying classic cars, all there is to be done is submit your vehicle details, which mainly include the make, model, and year of manufacture. For a better analysis, most companies will also ask you to submit the vehicle's VIN, title, and photos, which is usually better as you'll get a higher offer. No fees are charged for submitting vehicle details; if the company needs to send field representatives, they also won't charge you. Additionally, no fees will be charged for collection since most companies will come to your home to take possession of the car, which is the best part!
Once you get an offer from the buyer company you're selling your classic car to, it doesn't take long before you get payment. Some companies pay via Escrow, making the funds available to you after the car has been collected. On the other hand, others will present a check when collecting the car, while in a few instances, valuers will present a check after they verify the car's condition and information. If the car is collected and you haven't received payment yet, don't fret; the check will only take a few days to arrive in your mail. It's also common for classic car-buying companies to ask sellers to choose their preferred payment method for faster payment processing, provided the selected payment method is among the company's supported methods.
The process of selling a classic car to a buyer company, no matter how complex, is easier than using other means, including selling to a classic car dealership. It mainly involves submitting vehicle details on the company's website and waiting for an offer, which usually takes 24 to 48 hours. If you accept the offer, you don't have to drive the car to the company's location or a collection spot, unlike when selling a classic car to a dealership. All this means you can sell your classic car while still going on with your day-in and day-out activities, with the only thing on your mind being waiting for a phone call that your car will be collected at a particular time and date. It undoubtedly doesn't get more convenient than that.
If you have a banged-up classic car or a project that you abandoned halfway, and you're wondering if you could make money out of it, there are buying companies that will accept the car as is. As far as we know, Gullwing Motor Cars, Peddle, Wheelzy, and CarBuyerUSA are the best companies that will buy a classic car in any condition and offer the best price. The offer might be meager, but if you consider the amount of work some classic cars need to run and become sale-worthy, there's nothing to complain about. It's even more advantageous if you have several classic cars in average condition and need them gone ASAP to create room for a backyard pool or an outdoor fireplace with a grilling deck. So, if you've been hoarding classic cars over the past few years, spruce them up to the best of your abilities and get ready to make a decluttering sale!
When you get an offer from a classic car buying company, in most cases, the bid cannot be negotiated upward, even if it's below the car's value and market prices. Also, the offer will get withdrawn after a certain period, usually 24 hours, giving you no option but to accept it. But look at the bright side of it: you don't spend a dime trying to prep the car for auction or taking photos so that you can list it online.
High-end classic car buying companies will not accept your car, especially if they don't consider it market-worthy or a collector's item likely to increase in value. Faulty classic cars and those with titling, registration, and ownership issues will also not be accepted.
With Exotic Car Trader, selling a classic car has never been easier. We provide listing solutions for all types, makes, and models of classic cars, ensuring maximum reach to potential buyers. Your classic car will be listed on Exotic Car Trader's website, which has verified buyers ensuring a fraud-free selling experience. What other services do we offer? Besides listing your car on Exotic Car Trader, we'll also list the vehicle on partner sites such as eBay Motors, CarGurus, Autotrader, Cars.com, CarsforSale.com, and even Facebook and Instagram for the most exposure. If you can't do a vehicle photoshoot, we'll do that for you and much more, including transacting the sale on your behalf and handling shipping, trade-in, and financing needs just in case the buyer requires any of those services. So, why not sell your classic car with Exotic Car Trader? List your classic through Exotic Car Trader car here
Companies that buy classic cars make it possible for classic car sellers to sell cars from the comfort of their homes or offices, making selling easier and more convenient. Additionally, you won't have to spend a penny fixing the car if it has issues, but that depends on the company you're selling to. You'll enjoy other advantages, such as verified seller benefits depending on the company, which outweigh the low offers that most companies will give you. Still can't find a company to sell a classic car to? Let Exotic Car Trader sell the car on your behalf.
Exotic Car Trader is the fastest growing marketplace built specifically for automotive enthusiasts. Click below to learn how you can sell your car with us.
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