Moz Ray

So that one has an "accurate" value of a classic car, the market value must be reviewed at least once each year (recommend twice). If the loss happens at $50K, but the market says $65K, my policy will payout $50K. That's why it is important to check the market value at least once a year. My agent and I have discussed this issue.

The main web site which I have used to establish an ACV, as shown and as Agreed to on the Declaration's Page, is http://www.manheimgold.com. Manheim Auctions’ reps. travel both domestically and internationally to gather info and prices for all cars sold so they can give a good market value for any given car. I've given this info for each of the classic cars I own to my agent, and he has used it as basis to insure both of my classic cars. He is very familiar with classics. He has many classic cars in his collection stored in his 40,000 sf (!!) facility in which is housed an 8,000 sf garage with two hydraulic lifts!

ironarms

Grey Ghost

Yep, they are listed: Just 2k for a 396 though

1965 CHEVY/CORVETTE Fair Good Exc Show Loan

COUPE 327/250 V8 17,000 31,000 48,000 54,000 H28,000

CONVERTIBLE327/250 V8 18,500 33,000 51,500 58,000 H30,000

Add: 327/350 $2k, 396 $2k,FI $8k, AC $2k, HT $1500

Data updated March 2007 .

bb62

And did you check out the '67s where over "9,374" 435s manufactured and the L82 that brings a premium of 300%. Methinks a bit of editing is required.

Mark_Milner

Great, a '65 396 convertible is worth $60,000 in show condition. Heck, I still can't afford that, maybe one in fair condition for $20,500.


I feel sorry for the guy who paid $30,000 for this one. It should be less than $19,000 since it is less than fair.

knight37128

NADA is better.

http://www.nadaguides.com/SectionHom...=22&p=0&f=5003

tentuna

Checked both the auction and the NADA, NADA seems to reflext the market more closely.

Paul L

You do have to wonder about these guides. For my 1967, NADA lists Ralley Sport and Super Sport packages as options. And a 6-cylinder engine. As well, the "optional" 327 V8 engine adds 25% to the base value??

On the original point, I have my car appraised every two years. But the market has been hot and perhaps making that an annual event would be wise.

67's

I wonder if either of theese guides are up or down from last year, the latest C.E. Magazine price guide shows about an 8% drop from last years prices. And that is what a couple of members have also said about recent auction prices.


Tom M

BarryK

not in the case of my car... I wish it was true though.
they listed my '65 coupe with 327 motor, sidepipes, and teak wheel at a value of $93,613 as the "High Retail" value.
yeah right!!
I love my '65 but if it was really worth $93,000 i'd sell it in an instant and buy another one at REAL market value and pocket the large profit.

Paul L

Barry,
Re: NADA High Retail. Couldn't resist . I'm going to park it on the street and see what happens. (With my luck it will probably be stolen!)

Tom,
I tend to agree with you: things seem to have cooled off a bit. I suspect the downturn in real estate is having an influence on other areas of the economy. Perhaps many potential buyers are more shy now about home equity loans to finance non-essential purchases.

Moz Ray

It seems to me that NADA, Kelly's Blue Book, and Edmunds do a great job of estimating a vehicle's value when it comes to Depreciation. But, that's where it ends. The Market Value, is just that, the price that people will pay for a vehicle (and other things)at any given time. The open market (or Auction) dictates a vehicle’s market value. eBay is a prime example. One day an aluminum intake manifold may cost $400, and another day the same manifold will sell for $600.

Moshe

66L72

i can see why you like the NADA. the first $150k takes my 66 as well
:>)