Qatar Classic Cars, A Classic Love

Qatar Classic Cars, A Classic Love
Classic car lovers in Doha the capital of Qatar are willing to face the bumps to go after their passion. Classic, Antique or some may call vintage cars until very recently appeared to be a territory only the rich royalties and the VIPs are allowed to enter. However, this perception has gradually changed, and now the market holds possibilities for even the enthusiasts that are willing to spare a bit over a hundred-thousand Qatari Riyals the equivalent to twenty-thousands US Dollars. This became possible due to the economic boom the area is witnessing, efficient communications with classic car dealers in Houston, along with the superior supply chain management allowed cars in Houston to be transported at low costs. It now became possible for a knowledgeable enthusiast, with patience, and time at their disposal to buy classic car in Qatar, or an antique car in Dubai, or even a classic car to be shipped from Houston. It became possible to start the process with the equivalent of three thousand US dollars, or in other words for less than the ca was worth in the seventies or eighties. This however sometimes holds true, and sometimes does not. For instance, Morris Minors was valued in Dubai and Qatar at about QR 15,000 in the eighties. It is very difficult to sell such a car for QR 10,000 in 2007 according to a car dealer. Cars that were easy on the pocket back in their peaking days are unlikely to hold value over the years. Hence, exceptions always pop up, for instance this fact doesn t hold true with the iconic mini. I respect, and always reflect my articles with both mine and the apposing; however I do not see a Qatar classic car dealer s opinion holding true. He said “The classic car market, if it can be called that, will flourish because people have bought [these cars] for nostalgia and recreation ” not for financial gain,” says a dealer in classic cars. “Most people, who have bought a classic car in the last ten years, knew their cars would have seen a rise on the value.” To contradict, According to Classic Car magazine, the US has seen a growth in the market for classic cars, particularly American sports cars of the 1960s and 1970s. Cars, such as Chevrolet Corvettes and Camaros, Ford Thunderbirds and Pontiacs, are said to have doubled in value over the past three years. As I have been promising throughout the article series dedicated to Qatar classic car, the research journey has not stopped, rather the more research I make, the more I am interested to learn about the differences in tastes and markets. To get up-to-date research results, visit the section I dedicated to Qatar classic cars

Copyright - 2007 Khalid R. Mustaffa The owner of <a target="_new" href="http://www.cars-in-houston.com">cars in Houston</a> The website is dedicated to linking used cars buyers and sellers in Houston, and educating the public on cars, and how to avoid mistakes, and achieve success when purchasing cars. Visit the website if you interested in <a target="_new" href="http://www.cars-in-houston.com/houston-craigslist-cars.html">houston craigslist cars</a>

Buyers Beware
According to the California (the nation s largest auto market) Department of Motor Vehicle, the state has approximately 2.5 million once totaled cars, on the streets. Those cars had at one point been in a crash and natural disasters mainly floods. Those cars now hold a salvage or reconditioned title. The voracious profit drive, lead the insurance companies coupled with used car dealers to establish a system which allows for profit from frauds involving flood damaged cars. Once the insurance company totals a vehicle, the car or truck is hardly ever smashed, or sold as metal. Rather those vehicles are sent to car auctions where dealers are waiting for such an opportunity that could turn into a big profit. Some experts call those auctions salvage pools, and claim to be a arm of the insurance business. Steve Poizner, the California Insurance Commissioner, along with consumer groups backed a legislation which would prohibit the sale of flood damaged, or reconditioned cars due to hurricanes. The legislation SB498, authored by Senator Jenny Oropeza never saw the light at the end of the tunnel. The legislation was apposed by some of the biggest contributors to the Republican Party. On the other hand, most senators representing the Democratic Party. Basic Math involving a lot of zeros, would explain the reasons behind the failure of the legislation. If the insurance companies are able to recover only 2000 dollars per flood damaged car, taking into consideration it is estimated that a approximately 500,000 cars belong to this category, the insurance industry was looking at a 10 digit loss, a minimum of trillion dollars. A number of insurance companies were involved to kill the legislation. Insurance companies, yes including the big names you see advertising on TV everyday, and you can never deny the role car dealers played. Car shoppers that purchase Brand new or nearly new cars that were at point damaged by floods, have already or soon to witness a harsh reality. Their cars are not covered by factory warranty. A consumer in Indiana took his car for repairs that are normally covered by factory warranty, and surprised by the fact that DaimlerChrysler refused to honor the warranty. The case was taken to the Attorney General s office, which discovered that a well known Insurance had violated the state of Indiana Laws by reselling cars that the company bought from their original owners due to flood damage. Those cars were not issued a salvage title. In other words, were sold as normal condition.

Copyright - 2007 Khalid R. Mustaffa The owner of <a target="_new" href="http://www.cars-in-houston.com">cars in Houston</a> The website is dedicated to linking used cars buyers and sellers in Houston, and educating the public on cars, and how to avoid mistakes, and achieve success when purchasing cars. Visit the website if you interested in <a target="_new" href="http://www.cars-in-houston.com/houston-craigslist-cars.html">houston craigslist cars</a>