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Protecting Your Inve$tment
What You Should Know About Parts And Cars
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This is a tricky one. We dont believe in an alarmist approach to anything, but we recently heard that a fellow enthusiast passed away, leaving his widow with a garage full of parts and a couple of carsand no earthly idea what to do with them. Her husbandnot in ill healthwasnt expected to die suddenly, and she never dreamed that shed be left holding the bag on all that stuff. Well, a fellow who knew the couple offered his services to liquidate the parts for the widow. In the process, he also snagged several of the tasty bits for himself (unbeknownst to the widow) and sold the rest for a tidy profitkeeping a handsome chunk for himself. Were not the type of folks who would deny a persons right to profit, but it was our understanding that the guy misrepresented what he received for the parts to the widow.
So what does all this mean? Record keeping. As an enthusiast, you should document everything you own. Why? Well, aside from the story we just told you, theres the problem of what to do if the car is destroyed in a fire, a tornado, or other natural disaster, and well discuss these issues and others in the sidebars below.