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Concern About Classics Treated as Clunkers Overblown, Expert Says |
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Written by Ted Craig
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Thursday, 03 September 2009 13:00 |
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An online video that shows workers pouring sodium silicate into the engine of a Chevrolet Corvette has some auto enthusiasts cringing and worrying about losing classic vehicles to the government’s Cash for Clunkers program.
These worries are unfounded, according to Eric Lawrence, editor of value guide Black Book’s Cars of Particular Interest.
“You can have a collectible car that’s still not worth anything,” Lawrence said.
The government requires trade-ins for the program be 25 years old or newer. The mid-80s were hardly a high-water mark for collectible autos.
Many vehicles used hard-to-repair fiberglass, Lawrence said. They also employed early versions of electronics that performed poorly.
Vehicles with numerous problems aren’t worth the money to repair to collectible levels, he said.
Many people cling to the delusion their vehicle will be worth more money someday. Lawrence said that’s often untrue.
“Let the bad ones go,” he said. “Move on.”
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