Home  |  Forums  |  914 Info  |  Blogs
 
914World.com - The fastest growing online 914 community!
 
Porsche, and the Porsche crest are registered trademarks of Dr. Ing. h.c. F. Porsche AG. This site is not affiliated with Porsche in any way.
Its only purpose is to provide an online forum for car enthusiasts. All other trademarks are property of their respective owners.
 

Welcome Guest ( Log In | Register )

> Car Appraisal in US Dollars, What would you appraise this car at in US Dollars
Car Appraisal
What would you appraise this car at.
$5000 - $8000 [ 18 ] ** [17.48%]
$8000 - $11000 [ 49 ] ** [47.57%]
$11000- $14000 [ 20 ] ** [19.42%]
$14000 - + [ 16 ] ** [15.53%]
Total Votes: 103
Guests cannot vote 
tracks914
post Nov 4 2008, 07:14 PM
Post #1


Canadian Member
****

Group: Benefactors
Posts: 2,083
Joined: 15-January 03
From: Timmins, Ontario, Canada
Member No.: 153
Region Association: None



Living where I live I only have one Auto Appraiser in town. ($350 for an appraisal) I know we don't do this for the money but I feel he might have under valued my car as he came in 50% less in value than my '72 1.7.
I would like to know what the worlds foremost authority on 914's think. Afterward I will tell all what he appraised my car at and hopefully I can take this to him and have him re assess the value.
I'm just finishing a restoration and want to get my car insured before I store it for winter. Here is what the car has.
1973 2.0
2.0 engine and drive line from an original 38,000 mile car.( I have known this car since I was a kid) Engine compression tested at 135 psi(x4), then torn down and re sealed and gasket ed and painted GT red. (Ok I made the GT red thing up) Same with transmission.
Monza 4 pipe exhaust
Car - rotisserie restored - frame up similar to thread "Restoration From Hell"(will post my own thread later this winter.) including new frame rails, new floors new door sills and new sail panels.
GT FG Flares
Custom steel rockers
Custom rear wing
Custom Electric Mirrors
Custom gray and black interior including seats from 88 Corolla
SS inserts in dash and console.
Front and rear swaybars- OEM
New brakes - all around
New brake lines and hoses - all around
New brake, clutch and speedometer cables
New Tie rods and ball joints
New Shocks all around
5 bolt conversion
996 Rims and new tires
FG front and rear 916 kit with custom driving lights and grill
New carpet
New front and rear trunk gas shock kits
New signal lenses
Custom high mount rear brake light
Black painted aluminum trim
Momo Dino Steering wheel
Audi VDO Gauges
Alpine MP3 CD player
Excellent condition 38.000 mile(24 year indoor stored car) complete rubbers all around
(with the car I still have the complete original '75 38000 mile cherry interior)
I'm sure there is much more that I am lissing but you get the point.
What do you think?
BTW the pictures in the garage don't do it justice.


Attached image(s)
Attached Image Attached Image Attached Image Attached Image Attached Image
User is offlineProfile CardPM
Go to the top of the page
+Quote Post
 
Reply to this topicStart new topic
Replies
A&PGirl
post Nov 7 2008, 12:44 PM
Post #2


Senior Member
***

Group: Members
Posts: 1,019
Joined: 4-January 06
From: Oklahoma
Member No.: 5,367
Region Association: None



The appraiser probably lowballed you as much as he thought he could get away with. The value of car should be determined like this:

What is the car? What are equivalent prices for cars that have had this type of work done to them?

The individual ones (leeway here):

How much cost in metal?
How much would an average body shop charge w/out parts to fix the metal?
How much would it cost for an average body shop to paint the car?

=Equals you basic cost of the car

Here in the US (general):

Paint: $5000
Metal: $800-1000
Shop to put metal in: $1000-$7000 or more depending on the (IMG:style_emoticons/default/bs.gif) factor and the (IMG:style_emoticons/default/icon8.gif) when they realize its a Porsche.

Rough Total: $10,800 (higher amount for the shop based in my local area)

The appraiser should of at least done enough homework to know how much it costs to paint and get metal restored.

The $10,800 should be the base at which he works off of.

How much for an engine rebuild?
How much for a transmission rebuild?
How much did it cost to bring the suspension back to equivalent standards for the car?
How much did it cost to bring the car back to standards concerning mechanical & safety issues?

That will probably be anywhere between $1,000-5,000 or more also depending on average shop prices.

With the custom interior work, you could easily lob off $1,500 on the selling price. It all depends on the buyer. Or it might add $1,500 in value.

A fair value for your car $13,500-14,000USD which would be 27,000-28,000 pounds in the UK.
User is offlineProfile CardPM
Go to the top of the page
+Quote Post

Posts in this topic
tracks914   Car Appraisal in US Dollars   Nov 4 2008, 07:14 PM
tracks914   More   Nov 4 2008, 07:15 PM
tracks914   more   Nov 4 2008, 07:15 PM
tracks914   If my range is too much of a spread please post yo...   Nov 4 2008, 07:20 PM
auerbach   Wow -- totally stock! $20k. A beautiful c...   Nov 4 2008, 07:29 PM
tracks914   Wow -- totally stock! Amazingly I could retu...   Nov 4 2008, 09:38 PM
tod914   If the car was 100% or close to stock/original, it...   Nov 4 2008, 07:52 PM
Joe Owensby   A beautiful looking car. I recently had my resto...   Nov 4 2008, 08:42 PM
tracks914   By the way, I love your side mirrors, third brake...   Nov 4 2008, 09:42 PM
jimkelly   replacement cost   Nov 4 2008, 08:49 PM
Phoenix 914-6GT   Honestly, from an appraisers stand point he is goi...   Nov 4 2008, 09:40 PM
dw914er   the car is very nice. But since its more modified,...   Nov 5 2008, 12:36 PM
Cap'n Krusty   You've used the term "restored". It...   Nov 5 2008, 01:06 PM
tronporsche   show him the car that sold at barret jackson for ...   Nov 5 2008, 02:02 PM
Jeff Bowlsby   If you will complete and post this 914 Condition A...   Nov 5 2008, 02:23 PM
PanelBilly   No amount of money could replace your efforts. I t...   Nov 5 2008, 02:42 PM
Todd Enlund   I think that the spread in votes reflects the diff...   Nov 5 2008, 03:15 PM
tracks914   Here is my first car...stock 1.7. I wanted somethi...   Nov 5 2008, 03:19 PM
Richard Casto   First, let me say that car looks very nice. Howev...   Nov 5 2008, 03:52 PM
tracks914   The car is riding high in the front, I still have ...   Nov 5 2008, 03:58 PM
Todd Enlund   I think any 914 driver who sits in it would be ha...   Nov 6 2008, 01:42 PM
tracks914   I think any 914 driver who sits in it would be h...   Nov 6 2008, 06:06 PM
Mark Henry   Cars like this in Canada typically go for about 25...   Nov 5 2008, 05:07 PM
carreraguy   I know a guy who has a very collectible 911. He c...   Nov 5 2008, 06:02 PM
SGB   I think that is an awesome looking car. I think a...   Nov 5 2008, 06:16 PM
carr914   Remember the guy that had the RayCo bodied car las...   Nov 5 2008, 06:34 PM
KELTY360   Remember the guy that had the RayCo bodied car la...   Nov 6 2008, 12:57 PM
computers4kids   Honestly the car is very well done and I think if...   Nov 7 2008, 08:57 AM
A&PGirl   The appraiser probably lowballed you as much as he...   Nov 7 2008, 12:44 PM
tracks914   Here is the deal. The way I looked at it, I hired ...   Nov 7 2008, 01:54 PM
Dr Evil   That price is ridiculously low. I am glad you were...   Nov 7 2008, 03:31 PM
Pat Garvey   Most of you folks would know what I feel about thi...   Nov 7 2008, 06:26 PM
tracks914   Let's be realistic here. This car, nice as i...   Nov 8 2008, 08:46 PM
tracks914   I just received my second appraisal. FMV (Fair Ma...   Nov 12 2008, 08:56 PM
Mark Henry   Yep....I wasn't to far off. Much more in line ...   Nov 14 2008, 02:15 AM


Reply to this topicStart new topic
1 User(s) are reading this topic (1 Guests and 0 Anonymous Users)
0 Members:

 



- Lo-Fi Version Time is now: 16th June 2024 - 08:28 AM