Six conversion value for insurance? |
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Six conversion value for insurance? |
Mark Henry |
Mar 29 2019, 07:31 PM
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#1
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that's what I do! Group: Members Posts: 20,065 Joined: 27-December 02 From: Port Hope, Ontario Member No.: 26 Region Association: Canada |
Just wondering what value we should be putting on /6 conversions these days? (IMG:style_emoticons/default/unsure.gif)
My teen, if it was still a /4, I wouldn't even consider an offer under $25K Canadian, so about $18-19K USD. Not that I want to sell. /6 core prices are way way up, and so are running engines, What about a fresh performance build?. I used to tell customers a conversion would run $30K (CAD) with engine. but I seriously doubt I could do that now. My teen is a '74 (1.8 base) paint is (guessing) a 30 yr/old respray colour change, a 7/10 from chips and scratches only, but perfect OG body, perfect interior, Evil tranny, 5-bolt, fuchs , bilsteins, front suspension, etc Engine 3.0, 2K miles, twinplug/MSD, webers, custom mahle pistons, web cams, fresh build, alumimum tank, etc No clue what the replacement value for insurance would be..... (IMG:style_emoticons/default/confused24.gif) What do you think your /6 conversion is worth? |
mb911 |
Apr 1 2019, 10:19 AM
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#2
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914 Guru Group: Members Posts: 6,914 Joined: 2-January 09 From: Burlington wi Member No.: 9,892 Region Association: Upper MidWest |
So I wonder what I should insure my project for? If complete cars are selling for 50k plus I probably have 25-30k project car? Sum of parts of course.
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mepstein |
Apr 1 2019, 11:02 AM
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#3
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914-6 GT in waiting Group: Members Posts: 19,326 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
So I wonder what I should insure my project for? If complete cars are selling for 50k plus I probably have 25-30k project car? Sum of parts of course. Don't mix up replacement value with your cost to build. You might have been able to build your engine for $10K but if you try to buy the same from Henry, you pay what, $25K. You would be shooting yourself in the foot if you give the insurance companies the cheapest number possible. If you have a loss, they might come down from retail but it's sure better than coming down from wholesale. My attorney always says the person with the most documentation wins. If you present documentation for what the car actually cost the average person, not the industry insider, (honestly of course) there is a better chance of actually receiving that money than hoping they find an acceptable value from their resources. Do you think the Early S 911 guys are using what they paid for the car $50K or what it would cost to replace - $200K. If you suffer a loss and you feel the insurance company is paying you too much, you can always accept less (IMG:style_emoticons/default/laugh.gif) |
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