appraisals
Race Director
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From: San Antonio, TX/Mahopac, NY
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Number one question, where are you located?
Le Mans Master
Joined: Oct 2009
Posts: 5,941
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From: Chattanooga Tennessee
You need to pm pancho- Provette on the forum. If you are looking for an answer from some who does pre purchase inspections for others all the time.
If want an appraisal for insurance purposes that’s a big number any appraiser schmuck will write you basically whatever you tell them. Most appraisals are worthless.
ps- maybe it’s Provette67? Someone will correct me.
Also...if you’re curious and have thick skin the court of public opinion will be happy to weigh in here!
If want an appraisal for insurance purposes that’s a big number any appraiser schmuck will write you basically whatever you tell them. Most appraisals are worthless.
ps- maybe it’s Provette67? Someone will correct me.
Also...if you’re curious and have thick skin the court of public opinion will be happy to weigh in here!
Last edited by ChattanoogaJSB; May 9, 2019 at 04:53 PM.
Race Director
Joined: Nov 2003
Posts: 10,696
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From: Cottonwood AZ
C1 of Year Finalist (performance mods) 2019
Why do you want or need it?
Many banks or insurance companies require a certified appraiser. Unfortunately most of these certified appraisers have little idea of what makes a particular make/model of an unusual car valuable. No one can be an expert on ALL cars.
There are always people in the hobby that have better knowledge then most of these certified appraisers UNLESS they too happen to be heavily involved with a particular make/model. However, these people’s opinion will have no weight with a bank or insurance company.
You will likely get just as good of a value for your car with a GOOD old car price guide IF you are honest with your self about your car’s condition as to how it relates to the guide’s condition guidelines. I happen to like this one as it seems to have no agenda like Haggerty’s does.
http://www.collectorcarmarket.com/
Here are their condition guideline.
Collector Car Market Review
Condition Guidelines These are condition guidelines to help assess a vehicle's condition. Keep in mind that there are many factors that affect value. For example, a "barn find" may on the surface look like a #4 or #5 vehicle, but it's time capsule character often means it is worth far more than it's condition would normally warrant.
#1 Excellent: A close to perfect original or a very well restored vehicle. Generally a body-off restoration, but a well done body-on restoration that has been extensively detailed may qualify. The vehicle is stunning to look at and any flaws are trivial and not readily apparent. Everything works as new. All equipment is original, NOS, or excellent quality reproductions. Note: cost no object concours restorations should be considered 1+ condition.
#2 Very Good: An extremely presentable vehicle showing minimal wear, or a well restored vehicle. Runs and drives smooth and tight. Needs no mechanical or cosmetic work. All areas (chassis not required) have been fully detailed. Beautiful to look at but clearly below a #1 vehicle.
#3 Good: Presentable inside and out with some signs of wear. Not detailed but very clean. Body should be straight and solid with no apparent rust and absolutely no rust-through anywhere. Shiny, attractive paint but may have evidence of minor fading or checking or other imperfections. Runs and drives well. May need some minor mechanical or cosmetic work but is fully usable and enjoyable as is.
#4 Fair: runs and drives OK but needs work throughout the vehicle. Body shows signs of wear or previous restoration work. Any rust should be minimal and not in any structural areas. Cosmetics, body, and mechanics all need work to some degree.
#5 Poor: In need of complete restoration, but is complete and not a rust bucket beyond repair. May or may not run. Not roadworthy.
Parts or Salvage: Incomplete vehicle most useful for parts. Generally, take 50-60% of the #5 value
Many banks or insurance companies require a certified appraiser. Unfortunately most of these certified appraisers have little idea of what makes a particular make/model of an unusual car valuable. No one can be an expert on ALL cars.
There are always people in the hobby that have better knowledge then most of these certified appraisers UNLESS they too happen to be heavily involved with a particular make/model. However, these people’s opinion will have no weight with a bank or insurance company.
You will likely get just as good of a value for your car with a GOOD old car price guide IF you are honest with your self about your car’s condition as to how it relates to the guide’s condition guidelines. I happen to like this one as it seems to have no agenda like Haggerty’s does.
http://www.collectorcarmarket.com/
Here are their condition guideline.
Collector Car Market Review
Condition Guidelines These are condition guidelines to help assess a vehicle's condition. Keep in mind that there are many factors that affect value. For example, a "barn find" may on the surface look like a #4 or #5 vehicle, but it's time capsule character often means it is worth far more than it's condition would normally warrant.
#1 Excellent: A close to perfect original or a very well restored vehicle. Generally a body-off restoration, but a well done body-on restoration that has been extensively detailed may qualify. The vehicle is stunning to look at and any flaws are trivial and not readily apparent. Everything works as new. All equipment is original, NOS, or excellent quality reproductions. Note: cost no object concours restorations should be considered 1+ condition.
#2 Very Good: An extremely presentable vehicle showing minimal wear, or a well restored vehicle. Runs and drives smooth and tight. Needs no mechanical or cosmetic work. All areas (chassis not required) have been fully detailed. Beautiful to look at but clearly below a #1 vehicle.
#3 Good: Presentable inside and out with some signs of wear. Not detailed but very clean. Body should be straight and solid with no apparent rust and absolutely no rust-through anywhere. Shiny, attractive paint but may have evidence of minor fading or checking or other imperfections. Runs and drives well. May need some minor mechanical or cosmetic work but is fully usable and enjoyable as is.
#4 Fair: runs and drives OK but needs work throughout the vehicle. Body shows signs of wear or previous restoration work. Any rust should be minimal and not in any structural areas. Cosmetics, body, and mechanics all need work to some degree.
#5 Poor: In need of complete restoration, but is complete and not a rust bucket beyond repair. May or may not run. Not roadworthy.
Parts or Salvage: Incomplete vehicle most useful for parts. Generally, take 50-60% of the #5 value
Last edited by 68hemi; May 10, 2019 at 05:39 PM.
Race Director
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Melting Slicks
Joined: Sep 2013
Posts: 2,882
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From: Chicopee MA.
On the question of a "certified auto appraiser", There seems to be no goverment agency that certifys auto appraisers (except Ma. that licences auto damage appraisers) that I can find.
There are priviate orgs. that have schools for it and then certify the person.
So therefore in my opinion,anyone can "certify" an auto appraisal.
Respecfully, if anyone can disprove me, I would like to hear their facts.
There are priviate orgs. that have schools for it and then certify the person.
So therefore in my opinion,anyone can "certify" an auto appraisal.
Respecfully, if anyone can disprove me, I would like to hear their facts.
Le Mans Master
Joined: Oct 2009
Posts: 5,941
Likes: 939
From: Chattanooga Tennessee
In in the end very few of these cars are identical in equipment, condition and the all important motivation of any given buyer and seller standing in front of each other. You’re never going to get an exact number on a 50 year old car.
To wit- I’ve paid half for my mustang fastback what I’ve been offered for it twice by the same nice fellow. His offer is unrealistically high vs what I consider the broader market to be because he’s trying to buy a car I don’t wish to sell.
If that fellow wasn’t a buyer I would be hard pressed to replace him if I wanted to sell foe
the same money. My car is worth today what he will pay tofay. Tomorrow probably less. See?
if you’re used to looking at late model cars this is a strange concept. You can say what a new Honda minivan costs or one a few years old with relative certainty.
A big help to you- if you bought the car pretty recently- is what it was worth to YOU!
Race Director
Joined: Nov 2003
Posts: 10,696
Likes: 3,092
From: Cottonwood AZ
C1 of Year Finalist (performance mods) 2019
On the question of a "certified auto appraiser", There seems to be no goverment agency that certifys auto appraisers (except Ma. that licences auto damage appraisers) that I can find.
There are priviate orgs. that have schools for it and then certify the person.
So therefore in my opinion,anyone can "certify" an auto appraisal.
Respecfully, if anyone can disprove me, I would like to hear their facts.
There are priviate orgs. that have schools for it and then certify the person.
So therefore in my opinion,anyone can "certify" an auto appraisal.
Respecfully, if anyone can disprove me, I would like to hear their facts.
That is why in my 1st post here I asked why he wanted or needed it.
Last edited by 68hemi; May 10, 2019 at 05:39 PM.
Thread Starter
Cruising
Joined: Apr 2019
Posts: 11
Likes: 1
thanks to everyone for their help.
I need a fair appraisal because I will be leaving the car to one son in my will and the other son will get an equivalent amount in cash. BTW, my research yields values ranging from about $60K (various sites - including the ones listed here) to $130K (insurance company - American Collectors). its a 1967 A/C roadster w/2 tops, 350HP, 4-sp, speed warning, headrests. all original, repainted (Marlboro Maroon/saddle) nice driver. BTW, one of the sites did not even list Marlboro Maroon as a color in 1967 - how trustworthy are they?
I need a fair appraisal because I will be leaving the car to one son in my will and the other son will get an equivalent amount in cash. BTW, my research yields values ranging from about $60K (various sites - including the ones listed here) to $130K (insurance company - American Collectors). its a 1967 A/C roadster w/2 tops, 350HP, 4-sp, speed warning, headrests. all original, repainted (Marlboro Maroon/saddle) nice driver. BTW, one of the sites did not even list Marlboro Maroon as a color in 1967 - how trustworthy are they?
Race Director
Joined: Nov 2003
Posts: 10,696
Likes: 3,092
From: Cottonwood AZ
C1 of Year Finalist (performance mods) 2019
thanks to everyone for their help.
I need a fair appraisal because I will be leaving the car to one son in my will and the other son will get an equivalent amount in cash. BTW, my research yields values ranging from about $60K (various sites - including the ones listed here) to $130K (insurance company - American Collectors). its a 1967 A/C roadster w/2 tops, 350HP, 4-sp, speed warning, headrests. all original, repainted (Marlboro Maroon/saddle) nice driver. BTW, one of the sites did not even list Marlboro Maroon as a color in 1967 - how trustworthy are they?
I need a fair appraisal because I will be leaving the car to one son in my will and the other son will get an equivalent amount in cash. BTW, my research yields values ranging from about $60K (various sites - including the ones listed here) to $130K (insurance company - American Collectors). its a 1967 A/C roadster w/2 tops, 350HP, 4-sp, speed warning, headrests. all original, repainted (Marlboro Maroon/saddle) nice driver. BTW, one of the sites did not even list Marlboro Maroon as a color in 1967 - how trustworthy are they?
Race Director
Joined: Apr 2005
Posts: 11,279
Likes: 2,141
From: Bowling Green, Kentucky
thanks to everyone for their help.
I need a fair appraisal because I will be leaving the car to one son in my will and the other son will get an equivalent amount in cash. BTW, my research yields values ranging from about $60K (various sites - including the ones listed here) to $130K (insurance company - American Collectors). its a 1967 A/C roadster w/2 tops, 350HP, 4-sp, speed warning, headrests. all original, repainted (Marlboro Maroon/saddle) nice driver. BTW, one of the sites did not even list Marlboro Maroon as a color in 1967 - how trustworthy are they?
I need a fair appraisal because I will be leaving the car to one son in my will and the other son will get an equivalent amount in cash. BTW, my research yields values ranging from about $60K (various sites - including the ones listed here) to $130K (insurance company - American Collectors). its a 1967 A/C roadster w/2 tops, 350HP, 4-sp, speed warning, headrests. all original, repainted (Marlboro Maroon/saddle) nice driver. BTW, one of the sites did not even list Marlboro Maroon as a color in 1967 - how trustworthy are they?
Sounds like your car may be very similar in value.
Larry
Le Mans Master
Joined: Oct 2009
Posts: 5,941
Likes: 939
From: Chattanooga Tennessee
Engine stamp on the passenger side of the front of the block just below the head.
If it were me and you want to avoid trouble I’d get them both to agree that the car is worth X today and that the son who gets cash will agree to X 2019 dollars and to heck with inflation and/or any perceived change in the value of the car over time. Speculation on what the market for the car will be at the end of your own life could be problematic based on myriad factors.
If it were me and you want to avoid trouble I’d get them both to agree that the car is worth X today and that the son who gets cash will agree to X 2019 dollars and to heck with inflation and/or any perceived change in the value of the car over time. Speculation on what the market for the car will be at the end of your own life could be problematic based on myriad factors.
Race Director
Joined: Apr 2005
Posts: 11,279
Likes: 2,141
From: Bowling Green, Kentucky
We can get you the names of appraisers that service NJ area if you want. Probably a $300-$500 service cost for the appraisal. Pancho may also do it for you if you ask him. He travels the USA for folks to evaluate their cars. Although he may not be a licensed appraiser, he probably has as good a handle on real value for these cars as does anyone. And he is a very recognized name in this industry.
Also, consider contacting and perhaps bringing your car to Corvette Mike's in New England (Massachusetts) and get them to do an appraisal for you. Probably no one has a better handle on current Corvette values than him. Should not be too far away from you.........maybe a few hours.
Larry
Also, consider contacting and perhaps bringing your car to Corvette Mike's in New England (Massachusetts) and get them to do an appraisal for you. Probably no one has a better handle on current Corvette values than him. Should not be too far away from you.........maybe a few hours.
Larry
Melting Slicks
Joined: Aug 2010
Posts: 2,823
Likes: 484
From: El Dorado Hills CA
For what it may be worth: I also own a 1967 Corvette, 327/350 HP with factory air, telescopic steering, am/fm, 2 tops, one repaint from original. Marlboro Maroon with Saddle vinyl interior. 27,000 miles and original drivetrain. Never hit. Old Bloomington Gold car. Also has side pipes (not original to car) and reproduction bolt on wheels. It is insured with Hagerity for $75, 000...........which I feel is a fair value for the car.
Sounds like your car may be very similar in value.
Larry
Sounds like your car may be very similar in value.
Larry
Ed
Melting Slicks
Joined: Aug 2010
Posts: 2,823
Likes: 484
From: El Dorado Hills CA
thanks to everyone for their help.
I need a fair appraisal because I will be leaving the car to one son in my will and the other son will get an equivalent amount in cash. BTW, my research yields values ranging from about $60K (various sites - including the ones listed here) to $130K (insurance company - American Collectors). its a 1967 A/C roadster w/2 tops, 350HP, 4-sp, speed warning, headrests. all original, repainted (Marlboro Maroon/saddle) nice driver. BTW, one of the sites did not even list Marlboro Maroon as a color in 1967 - how trustworthy are they?
I need a fair appraisal because I will be leaving the car to one son in my will and the other son will get an equivalent amount in cash. BTW, my research yields values ranging from about $60K (various sites - including the ones listed here) to $130K (insurance company - American Collectors). its a 1967 A/C roadster w/2 tops, 350HP, 4-sp, speed warning, headrests. all original, repainted (Marlboro Maroon/saddle) nice driver. BTW, one of the sites did not even list Marlboro Maroon as a color in 1967 - how trustworthy are they?
Ed