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When you're the buyer, your main legal concerns are to be sure you know exactly what you're buying, to get good title to the car, and to not overpay unknowingly. Here are the Buyers' Top 10 in reverse order:
10) Don't buy the salesman's pitch
Salesmen are usually good folks, but don't believe everything they say without getting independent confirmation. Remember, they are selling someone else's car, and their knowledge about the car really is limited.
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Classic Investments
A couple of weeks ago, I wrote about the Cars That Matter classic cars indexes. As you may recall, there was a "Small Cap Average" index of what they consider to be a dozen "undervalued cars, priced under $25,000, from the 1950s-70s." According to this index, the average value of those cars works out to $20,000, up from $18,658 two years ago.
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