I have absolutely no budget to buy a classic car right now, but that doesn’t stop me from regularly watching Mecum and Barrett Jackson auctions on TV. I like to be prepared, just in case I hit the mega-million lottery drawing, so I really do keep tabs on the hammer prices for Mach 1 Mustangs and first generation Z/28 Camaros. Chubb Insurance has just launched a new app for the iPhone and iPad (and soon for Android) that makes my life a lot easier. Called Classic Car Guide, the app gives you information and auction history prices on a staggering variety of classic and collector cars. The best part? It’s absolutely free.
Here’s how it works: from the home screen, you can search by either a car’s VIN or by a year range, make and model. That calls up an information screen, which displays the years the vehicle was manufactured as well as pricing estimates for Excellent, Good or Fair Condition vehicles. If you want additional detail, you can select “Recent Sales” to see auction prices dating back for years. If you’re in the market, you can select “For Sale” and enter a range you’d be willing to drive to find one; the app then returns a list of vehicles for sale.
Let’s say I were in the market for a 1970 Mach 1 Mustang. The app doesn’t go down as far as trim level, so I’d actually get results for all variants of 1970 Mustangs. Per the app, the price range I can expect to pay is from $30,000 for a “Fair” condition car, up to $43,000 for one in “Excellent” condition. Here’s where the “Recent Sales” data comes in handy: I can look at images to find a Mach 1, like the Grabber Blue example with just 58,781 miles that sold for $70,490 in December of 2009. I can use the “For Sale” feature to find a car to buy, like the Grabber Blue four-speed conversion for sale at a dealer for $16,000. Since the app is from Chubb Insurance, you can also use it to get an instant quote on insuring your new pride & joy.
Since this is a brand new app, you can expect the occasional bug or crash. Relaunching the app seems to solve any problems, and it’s a great time suck for sitting at the airport. If it had just a little more polish on it, I’d even pay a few bucks for it, so that makes it a great deal at “free”. I’d suggest you grab it today before they decide to charge you for it.