Valuation Question
Thread Starter
Advanced
Joined: Aug 2016
Posts: 64
Likes: 8
Valuation Question
Hi Guys,
My collector car policy is up for renewal and I was wanting some input on what you think the market value for my C4 is:
Black/black
LT4 6 Speed
69k Miles
ZR-1 Collector Style Wheels
Magnaflow Axle Back Exhaust
Painted roof
New rotors and caliper covers
All new weather stripping
Aluminum radiator
Lowered 1"
No leaks
Interior is almost perfect.
The paint is like glass with just a few minor flaws, invisible to most. I really think it's a top 10% car.
What do you think?
My collector car policy is up for renewal and I was wanting some input on what you think the market value for my C4 is:
Black/black
LT4 6 Speed
69k Miles
ZR-1 Collector Style Wheels
Magnaflow Axle Back Exhaust
Painted roof
New rotors and caliper covers
All new weather stripping
Aluminum radiator
Lowered 1"
No leaks
Interior is almost perfect.
The paint is like glass with just a few minor flaws, invisible to most. I really think it's a top 10% car.
What do you think?
Thread Starter
Advanced
Joined: Aug 2016
Posts: 64
Likes: 8
Just for condition wise, this is my 4th Corvette in addition to other exotics. Here's some cool pics of the past: 1990 TR, 1994 RT/10 next to friends 1991 Diablo, 1998 Red/Tan Manual C5. I've always taken very good care of my vehicles.
Thread Starter
Advanced
Joined: Aug 2016
Posts: 64
Likes: 8
I plan on keeping the car forever because I absolutely love it. With the wheels (and the offsets) and lowering it really looks like a ZR-1 Clone. That's what I was going for with the raised red lettering in the back
Drifting
Joined: Nov 2015
Posts: 1,709
Likes: 328
Finalist 2020 C4 of the Year - Unmodified
That's kind of where I was thinking. $10k seems way too low for that caliber. So many on eBay are so junky with rusted rotors and ripped seats and they sell for $10kish.
I plan on keeping the car forever because I absolutely love it. With the wheels (and the offsets) and lowering it really looks like a ZR-1 Clone. That's what I was going for with the raised red lettering in the back
I plan on keeping the car forever because I absolutely love it. With the wheels (and the offsets) and lowering it really looks like a ZR-1 Clone. That's what I was going for with the raised red lettering in the back
In local craigslist, I've noted several '85 or something with all kinds of obvious this or that nasty asking $10k.
Team Owner
Joined: Dec 2007
Posts: 20,974
Likes: 261
-70,000 miles (not collector low)
-Not original wheels
-Not original radiator
-Not original exhaust
-lowered / modified = Not original
-Who knows what else in 22 years has been done and redone?
Ask your policy holder what is worth. To me as a buyer or seller I know that car is about 10k as pointed out before. Just my opinion though.
-Not original wheels
-Not original radiator
-Not original exhaust
-lowered / modified = Not original
-Who knows what else in 22 years has been done and redone?
Ask your policy holder what is worth. To me as a buyer or seller I know that car is about 10k as pointed out before. Just my opinion though.
Safety Car
Joined: Aug 2002
Posts: 3,842
Likes: 230
From: SANTA CRUZ CA
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Race Director
Joined: Oct 2012
Posts: 17,323
Likes: 6,506
From: Melbourne, FL
-70,000 miles (not collector low)
-Not original wheels
-Not original radiator
-Not original exhaust
-lowered / modified = Not original
-Who knows what else in 22 years has been done and redone?
Ask your policy holder what is worth. To me as a buyer or seller I know that car is about 10k as pointed out before. Just my opinion though.
-Not original wheels
-Not original radiator
-Not original exhaust
-lowered / modified = Not original
-Who knows what else in 22 years has been done and redone?
Ask your policy holder what is worth. To me as a buyer or seller I know that car is about 10k as pointed out before. Just my opinion though.
The question isn' what it's worth, it' what is worth paying for monthly to you.
Le Mans Master
Joined: Dec 2005
Posts: 8,561
Likes: 946
From: Communist Colorado
-70,000 miles (not collector low)
-Not original wheels
-Not original radiator
-Not original exhaust
-lowered / modified = Not original
-Who knows what else in 22 years has been done and redone?
Ask your policy holder what is worth. To me as a buyer or seller I know that car is about 10k as pointed out before. Just my opinion though.
-Not original wheels
-Not original radiator
-Not original exhaust
-lowered / modified = Not original
-Who knows what else in 22 years has been done and redone?
Ask your policy holder what is worth. To me as a buyer or seller I know that car is about 10k as pointed out before. Just my opinion though.
This....
Le Mans Master
Joined: Dec 2005
Posts: 8,561
Likes: 946
From: Communist Colorado
Race Director
Joined: Oct 2012
Posts: 17,323
Likes: 6,506
From: Melbourne, FL
Pro
Joined: Jan 2003
Posts: 706
Likes: 47
From: Denver Colorado
I think you have a $9K to $10K Corvette. Its not a Grand Sport or a CE and the miles are a little high for a collector car (they want sub 10k mile hanger queens generally). If your insurance carrier will go for a $15K valuation that is where I'd be. Nice car though!
Melting Slicks
Joined: Dec 2004
Posts: 2,943
Likes: 14
From: Gurley (Keel Mtn, Sweet Home) Alabama
I would tell you to put the highest replacement cost/value you can think of (the number of Benjamins that would satisfy you if the car was totally destroyed) and submit that to your insurer. Realize that you will be paying incrementally more for each $xxx thousand you want.
Believe me, your insurance underwriter will get back to you if you are out of the ballpark (too high). Then negotiate.
Believe me, your insurance underwriter will get back to you if you are out of the ballpark (too high). Then negotiate.
Melting Slicks
Joined: Dec 2008
Posts: 2,772
Likes: 64
From: Mystic CT
It is a real nice example but hard to put in collector status as they made way too many of them to be a real collectable. The reality is if you sell a car then new owner is not buying memories or your hours waxing and cleaning just what it looks like today. The agent should know more about what your is worth nationally than you do. They do have alarms that go off when your coverage request is unreasonable. Like taking out a million dollar policy on a 250k house.
Team Owner
Joined: Oct 2004
Posts: 81,241
Likes: 3,063
From: altered state
St. Jude Donor '05
^^^
good point and true. If you ask for too much they may ask you to get it professionally appraised that isnt cheap
Say if you did insure it for 20k and it had 12k damage would you really want it back? I wouldnt
Insured mine for 25k less than appraisal even thats sketchy should something happen.
good point and true. If you ask for too much they may ask you to get it professionally appraised that isnt cheap
Say if you did insure it for 20k and it had 12k damage would you really want it back? I wouldnt
Insured mine for 25k less than appraisal even thats sketchy should something happen.
