MikesRed68

Hello i was just wondering how one determines ones car value. Does one go by lets say Hagerty value guide? And if one does ,Lets take for instance a 1968 Corvette L36 Hagerty values as follows: #1 Concours $68,800.... #2 Excellent $50,600.....#3 Good $30,200....#4 Fair $16,800......Now this is just base value prices ..Not including the small amount for options. There seems to be alot of $$$$ inbetween those values from one to the next and on. So lets say for instance u think your car is inbetween excellent and good, would u use a number inbetween that? etc etc.. JUST VERY CURIOUS AS HOW ONE DETERMINES THE VALUE OF HIS/HER CAR. Assuming that it is all stock and original....Any thoughts on this ????? Just saw NADA....Low retail...$24.8 Average retail...$45.7....High retail...$63.9.....Plus 20% for the L36 Engine..Again a very big difference in price ...

ddawson

Personally I find Hagerty Good to Fair to be a good range for 95% of the cars.

Even Excellent cars don't sell at the $50K price point unless it's something special.

I bought my 1969 BBC Convertible for $36,000 4 years ago.
Good $35000
4 speed +3500
Power steering +2500

Comes out to $41,000. I'd say that's a good ball park for a 69 BBC vert

Mr D.

(what you paid for it + what you have put into it) - 30% = car value

MikesRed68

How did u figure that philosophy??? LOL...That makes no sense to me....MINUS 30% ?????? Cmon........

See Three

Have it appraised by three appraisers, disregard the high and low values and it's worth the middle plus or minus 50%. Sorry, you will get a lot of different replies on that question.

MikesRed68

Yes im seeing that... lol

Mr D.

Owning 9 Corvettes,

GTO1966

Ive been on a lot of other forums for cars ive owned and do own, Porsche forums GTO forums, BMW motorcycles, but ive never seen people discount their cars like some people on here....,911 owners think they have gold bars, GTO owners think they have the holy grail of muscle cars and BMW motorcycle owners will ride nothing else, some c3 owners are like, ahhhh our cars are a dime a dozen, take what you think they are worth and subtract 50 percent........I just don't get it....P.S don't ever get me started with the whole jeep CJ and jeep grand wagoneer woody crowd, lol

BLUE1972

I've had my 72 for 17 years and I consider it priceless. not for sale..

My 71 I've had for 2 years, it's my driver - new / totally rebuilt drive line and suspension - matching #'s. I turned down 30k. 5 speed, with matching 4 speed in a box with drive shaft.

For some reason the C2's are the holey grail, but I prefer the Chrome C3's.

Zoomin

It depends on the reason you're looking for a number - a buy number is different from a sell number is different from an insure number is different from a divorce number, etc.

Iceaxe

^^^THIS^^^ is probably the most accurate estimate I've seen posted. Followed closely by get the car professionally appraised and divide that number in half.

vettebuyer6369

I have to disagree. There's no calculation that includes what you put into a car that will reflect any sort of accurate valuation. None.

People who dump thousands and thousands of dollars into a car beyond its value, especially on poorly-chosen expenditures on mediocre investments are not increasing the value of their cars at the same rate as people who might make a better value purchase on a better investment car and spend their improvement money wisely. Apples and oranges.

Hagarty is reasonably close on many cars, but curiously way off the mark on others. NADA values are best ignored entirely.

vettebuyer6369

And "professional appraisers" are often completely worthless. If the appraisal is being made by a Corvette-specific person who knows the details and particulars not only of Corvettes in general, but of the model he's examining, and has a working knowledge of the Corvette market, then that appraisal might have accuracy. Those people are generally ID'ed within the hobby and are known by a reasonable amount of people.

I've seen "professional appraisers" who got some certification they bought online and look up Corvette values in a book someplace who wouldnt know if a '63 had a '67 nose on it, or what body cues are correct on a '68 vs a '73 vs an '81. Not to mention they wouldnt know numbers if their lives depended on it.

Lobzila

It all comes down to two things.
1. How much money will it take to sell the car?
2. Are you comfortable with the purchase price of your car?

You can say its worth a gilzillion bucks, but in the end, what is the cash offer to let it go? And if the buyer is OK with that price, then that is the true value.

Easy Mike

What's its value to you? It's your car. You don't need speculation or guesstimates from other sources to determine that.

blue by you

It's all about what someone will pay and what you would sell it for, you can put whatever price you would like on it sooner or later someone will buy it. I have seen them go high and low and not everyone wants a vette

Alan 71

Hi MR68,
I think the difficulty in arriving at a car's value has a lot to do with folk's inflated ideas of what their car is.
The terms used to describe cars have become almost meaningless because they're so over used and misused… matching number, all original, body off restored, turn key, nut and bolt, high dollar, needs nothing, for the true collector, rare, one of only ?, and on and on.
I think what the car cost, how much you've spent on it, or what it's 'appraised' for, really has little to do with it's value.
I'm afraid it's become much more about buyers/sellers egos than the cars.
My view of where a certain car fits in the Hagerty divisions may be VERY different than yours.
Regards,
Alan

Rescue Rogers

so i bought my 68 for $19k, fixed the bubba problems and added new tires for a total of $2500 so now its $16k. Haha.....So the professional appraiser that been doing it for 50 plus years that appraises antique vehicles ssaid it was worth $24k is compltely wrong and because you lost money on 10 cars your right. Thats sad. And now that ive found my numbers matching motor for $1500 its worth even less. You must be in the insurance industry. Lol

71 Green 454

$4,500 + $2,000 = $6,500 - $1,950 = $4,550

OUCH!

MikesRed68

Alan..Very true...Thanks for your input ......