The Illustrated Book of Classic and Dream Cars

Format: Paperback


Format: PDF / Kindle / ePub

Size: 13.86 MB

Downloadable formats: PDF

FMV, as applied to classic cars, is loosely defined as “ The price that the vehicle would sell for on the open market between a willing buyer and a willing seller, with neither party being required to act, and both parties having reasonable knowledge of the relevant facts.” The part of the definition that says “with neither party being required to act” pretty much eliminates the high Barrett-Jackson sales figures as the sole “comps” because both parties usually have about 180 seconds to act.

Pages: 0

Publisher: Hermes House (2002)


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