Hagerty price guide
Thread Starter
Burning Brakes
Joined: Jun 2013
Posts: 1,076
Likes: 148
From: Hunterdon Cty NJ
Hagerty price guide
So for the fun of I check my car to see what they say.
1970 LS5 4-speed convertible
#1 $119,000 !!
#2 $79,300
#3 $44,400
I'm not sure where they get these numbers, my car is #2.25 but from what I have seen $50 K would be pushing it. If the $119 was close to real I could get a $15,000 paint job and still be in good shape.
1970 LS5 4-speed convertible
#1 $119,000 !!
#2 $79,300
#3 $44,400
I'm not sure where they get these numbers, my car is #2.25 but from what I have seen $50 K would be pushing it. If the $119 was close to real I could get a $15,000 paint job and still be in good shape.
Race Director
Joined: May 2007
Posts: 11,334
Likes: 136
From: Out of Site...Out of Mind. Corvette: anything else is just transportation.
St. Jude Donor '09 thru '20
It is a matter of perspective, and location. Car would never bring those prices in the area I live in. Out West, possibly.
Le Mans Master
Joined: Jun 2006
Posts: 6,400
Likes: 1,226
From: Tampa Florida
So for the fun of I check my car to see what they say.
1970 LS5 4-speed convertible
#1 $119,000 !!
#2 $79,300
#3 $44,400
I'm not sure where they get these numbers, my car is #2.25 but from what I have seen $50 K would be pushing it. If the $119 was close to real I could get a $15,000 paint job and still be in good shape.
1970 LS5 4-speed convertible
#1 $119,000 !!
#2 $79,300
#3 $44,400
I'm not sure where they get these numbers, my car is #2.25 but from what I have seen $50 K would be pushing it. If the $119 was close to real I could get a $15,000 paint job and still be in good shape.
#1 $101,450
#2 $67,550
#3 $48,150
#4 $31,550
If my original paint was repainted, I'm sure I would be in the hole. $40K would be pushing it for a '71 LS5 4 speed 55K miles convertible.
Last edited by 71 Green 454; Dec 24, 2017 at 11:50 AM.
Melting Slicks
Joined: May 2009
Posts: 3,079
Likes: 315
2024 C3 of the Year Finalist - Unmodified
These condition numbers obviously refer to complete, authentic, non-butchered cars without any stories...or aftermarket/Chinese parts installed. Most of us think our cars are better than they actually are. However, inflation has been skyrocketing and a rising tide lifts all boats. Instead of being in denial, we C3 owners should all be glad that our desirable cars are helping us to keep pace. Better use of our money than sitting in a bank account drawing no interest.
Last edited by Faster Rat; Dec 24, 2017 at 01:17 PM.
Safety Car
Joined: Sep 2007
Posts: 4,458
Likes: 331
From: Indy Indiana
The definition of condition is what the major factor is.. Drop what you think your car condition is by 1 and that is what you might get for your car.
Hagerty is lots closer to reality than NADA.. at least.
I will take condition 3 money for my car any time...even though I think it is closer to a 2
Hagerty is lots closer to reality than NADA.. at least.
I will take condition 3 money for my car any time...even though I think it is closer to a 2
Safety Car
Joined: Apr 2006
Posts: 4,057
Likes: 421
From: BC
Below is a free Corvette valuations phone app that is kind of interesting from corvettedna.com.
http://corvettedna.com/#/homePage
http://corvettedna.com/#/homePage
Thread Starter
Burning Brakes
Joined: Jun 2013
Posts: 1,076
Likes: 148
From: Hunterdon Cty NJ
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Pro
Joined: Jun 2014
Posts: 706
Likes: 294
From: New Jersey
I think the assumption is an original one. Hagerty is a Collector Car insurance co.
Melting Slicks
Joined: May 2011
Posts: 2,753
Likes: 119
From: Springfield Missouri
the monthly payment is probably the factor, I can insure my 76 with State Farm for any amount, as long as i make the monthly payment. They of course want pictures and will check the speedo for miles per year put on. The Year of Manufacture plates that I use already limit that!
Melting Slicks
Joined: Apr 2007
Posts: 3,189
Likes: 111
From: Tolland CT
Not necessarily. I dropped Hagerty a note a few years ago asking whether their pricing assumed 'numbers matching'. They played down the matching numbers, said it may keep the car from ever reaching #1 class but didn't matter so much to people looking for a classic car to drive. Seemed strange. I'd guess the don't track that attribute when gathering sales prices for the different levels? Could be NOMs fall into class 4? I don't see how a NOM would ever get to class 2 or 1.
Last edited by BBCorv70; Dec 26, 2017 at 03:46 PM.
Thread Starter
Burning Brakes
Joined: Jun 2013
Posts: 1,076
Likes: 148
From: Hunterdon Cty NJ
Not necessarily. I dropped Hagerty a note a few years ago asking whether their pricing assumed 'numbers matching'. They played down the matching numbers, said it may keep the car from ever reaching #1 class but didn't matter so much to people looking for a classic car to drive. Seemed strange. I'd guess the don't track that attribute when gathering sales prices for the different levels? Could be NOMs fall into class 4? I don't see how a NOM would ever get to class 2 or 1.
Drifting
Joined: Jun 2017
Posts: 1,988
Likes: 101
It's a safe bet that all price guides are BS.
I've been looking at price guides for decades for very old and almost new cars, there is a disconnect from the guide values and reality. When these outfits can claim value ranges on rare old cars that you almost never see for sale at any price, you got to get a little suspicious. Recently I was shopping for a few year old car and checked into Kelly Blue Book, the reality is these same cars were selling on average 2 to 3K less than KBB.
It's be a while since I looked at Hagerty but aren't those guides for suggested insurance values? It's common practice to insure at a higher replacement costs than actual market values. Restoring these old cars always costs more than the market value.
I've been looking at price guides for decades for very old and almost new cars, there is a disconnect from the guide values and reality. When these outfits can claim value ranges on rare old cars that you almost never see for sale at any price, you got to get a little suspicious. Recently I was shopping for a few year old car and checked into Kelly Blue Book, the reality is these same cars were selling on average 2 to 3K less than KBB.
It's be a while since I looked at Hagerty but aren't those guides for suggested insurance values? It's common practice to insure at a higher replacement costs than actual market values. Restoring these old cars always costs more than the market value.
Administrator
Joined: Jul 2000
Posts: 53,986
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From: About 1100 miles from where I call home.
Not necessarily. I dropped Hagerty a note a few years ago asking whether their pricing assumed 'numbers matching'. They played down the matching numbers, said it may keep the car from ever reaching #1 class but didn't matter so much to people looking for a classic car to drive. Seemed strange. I'd guess the don't track that attribute when gathering sales prices for the different levels? Could be NOMs fall into class 4? I don't see how a NOM would ever get to class 2 or 1.
I was using their guide yesterday as a reference on an appraisal as there no good source out there, and on one mid year model they allowed added value on for some options but not others, while they failed to even differentiate between coupes and convertibles.
It’s a ballpark like many guides, but many of the numbers are not supportable at all. Like NADA and Barrett Jackson, it makes some car owners think their cars are worth way more than they are and makes some sales difficult.
But, it’s put out by an insurance company and if they cover cars at these valuations, then good for the owners.
Le Mans Master
Joined: Jun 2006
Posts: 6,400
Likes: 1,226
From: Tampa Florida
It's a safe bet that all price guides are BS.
It's been a while since I looked at Hagerty but aren't those guides for suggested insurance values? It's common practice to insure at a higher replacement costs than actual market values. Restoring these old cars always costs more than the market value.
It's been a while since I looked at Hagerty but aren't those guides for suggested insurance values? It's common practice to insure at a higher replacement costs than actual market values. Restoring these old cars always costs more than the market value.
When I switched to Hagerty insurance last year, I was offered an agreed amount of $50K for my '71 LS5 Convertible after sending lots of photos to the agent. I settled for a $40K coverage. Looking at Corvette for sale ads over several years, it seems like $35K is tops for a '71 LS5 4 speed Convertible/Hardtop. Not sure if original condition with 55K miles helps or hurts the selling value.
Le Mans Master
Joined: May 2006
Posts: 9,993
Likes: 1,136
From: League City Tx
When I switched to Hagerty insurance last year, I was offered an agreed amount of $50K for my '71 LS5 Convertible after sending lots of photos to the agent. I settled for a $40K coverage. Looking at Corvette for sale ads over several years, it seems like $35K is tops for a '71 LS5 4 speed Convertible/Hardtop. Not sure if original condition with 55K miles helps or hurts the selling value.
Mine goes to paint next month, and when I get it back, I'll be upping my coverage to $70k....(at my expense ofcourse).
Le Mans Master
Joined: Jun 2006
Posts: 6,400
Likes: 1,226
From: Tampa Florida
WOW I'm surprised you couldn't get more then $40k coverage for yours. I have $50k declared value coverage from Hagerty on my '71 and yours is much nicer then mine..
Mine goes to paint next month, and when I get it back, I'll be upping my coverage to $70k....(at my expense ofcourse).
Mine goes to paint next month, and when I get it back, I'll be upping my coverage to $70k....(at my expense ofcourse).
Le Mans Master
Joined: Mar 2001
Posts: 6,640
Likes: 287
From: Ann Arbor Michigan
When I switched to Hagerty insurance last year, I was offered an agreed amount of $50K for my '71 LS5 Convertible after sending lots of photos to the agent. I settled for a $40K coverage. Looking at Corvette for sale ads over several years, it seems like $35K is tops for a '71 LS5 4 speed Convertible/Hardtop. Not sure if original condition with 55K miles helps or hurts the selling value.
