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Hagerty's 1978 Pace Car Valuation

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Old 04-28-2016, 05:13 AM
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hunt4cleanair
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Default Hagerty's 1978 Pace Car Valuation

Hagerty insures my 78s so I got the newsletter and followed the link to learn about Hagerty's current valuation of the 1978 Pace Car. I found it rather informative including adds and deducts for various options (RPOs).

So forum members with questions about the value of this, that and the other, here is a starting point. Of course, its basis is auctions, which inflates the street value so be cautious when applying to your neighbor's barn find!

1978 Pace Car Valuation
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Old 04-28-2016, 12:41 PM
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Rky Mtn C6
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Good info. Thanks for posting. Checked out the linked vehicles and saw one offered by a dealer as a 78, but it had 79 emblems on the gas lid and steering column hub, and nothing on the front. Also saw one being sold privately as a 78, which was actually a 79.
Old 04-28-2016, 12:48 PM
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Richard Daugird
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Interesting. Says my car is worth way more than I could get for it.
Old 04-28-2016, 01:21 PM
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Originally Posted by Richard Daugird
Interesting. Says my car is worth way more than I could get for it.
Mine too. I've got insurance on both my 78 and 12 through the NCM. Just got the renewal notice for $693.00 for both cars, for a year. I did the Haggerty price quote based on what they say my cars are worth and their quote was over $1,100.00. Going to stay with NCM. Haggerty may exaggerate values in order to collect higher premiums.
Old 04-28-2016, 02:21 PM
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Originally Posted by Richard Daugird
Interesting. Says my car is worth way more than I could get for it.
Hagerty's is a starting point, but many of the valuations are just way off as compared to real world sales, much like NADA. People shouldn't get too married to referencing these numbers.

Last edited by vettebuyer6369; 04-28-2016 at 02:22 PM.
Old 04-28-2016, 03:44 PM
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It will be worth even more if you buy my Luggage set...
https://www.corvetteforum.com/forums...-complete.html
Old 04-28-2016, 03:59 PM
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Richard Daugird
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Originally Posted by Vettebuyer6369
Hagerty's is a starting point, but many of the valuations are just way off as compared to real world sales, much like NADA. People shouldn't get too married to referencing these numbers.
Oh definitely. I would consider that value guide for amusment purpooses only. Especially this part:
Value Adjustments
+$500 for close ratio 4-spd. -8% for auto trans. +$200 for pwr wndws. +$1,000 for a/c. +$1,850 for hard top. +$2,500 for pwr strg. +$500 for gymkhana suspension. +$750 for tilt/tele strng whl.

Would add $4950 to the value of my car, probably couldn't sell it for that much total!

Last edited by Richard Daugird; 04-28-2016 at 04:00 PM.
Old 04-28-2016, 04:09 PM
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Originally Posted by Richard Daugird
Oh definitely. I would consider that value guide for amusement purposes only. Especially this part:
Value Adjustments
+$500 for close ratio 4-spd.

You missed the +$3,500 for close ratio 4-speed (RPO M21) when installed on a Pace Car!

BTW...I corrected the spelling miscues!
Old 04-28-2016, 04:25 PM
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Originally Posted by Richard Daugird
Oh definitely. I would consider that value guide for amusment purpooses only. Especially this part:
Value Adjustments
+$500 for close ratio 4-spd. -8% for auto trans. +$200 for pwr wndws. +$1,000 for a/c. +$1,850 for hard top. +$2,500 for pwr strg. +$500 for gymkhana suspension. +$750 for tilt/tele strng whl.

Would add $4950 to the value of my car, probably couldn't sell it for that much total!
I thought that was a laugh too. Using their formula, my 78 is worth $23,750.00. Any takers?
Old 04-28-2016, 04:39 PM
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Richard Daugird
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Originally Posted by Rky Mtn C6
I thought that was a laugh too. Using their formula, my 78 is worth $23,750.00. Any takers?
One dozen please.
Old 04-28-2016, 05:31 PM
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mikelj
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Originally Posted by Rky Mtn C6
Mine too. I've got insurance on both my 78 and 12 through the NCM. Just got the renewal notice for $693.00 for both cars, for a year. I did the Haggerty price quote based on what they say my cars are worth and their quote was over $1,100.00. Going to stay with NCM. Haggerty may exaggerate values in order to collect higher premiums.
Bingo! Hagerty likes exaggerated values to use for insuring your car.
Old 04-28-2016, 07:44 PM
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Originally Posted by mikelj
Bingo! Hagerty likes exaggerated values to use for insuring your car.


They do, but try to collect from them when you have an accident.....
Old 04-29-2016, 11:31 PM
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Yeah, I looked up their valuation tool for mine the other day and about fell out on the floor at their exagerated values. I could only hope to get what they say mine is worth.
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