what is my car worth?, getting classic car insurance |
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what is my car worth?, getting classic car insurance |
914 RZ-1 |
Apr 23 2019, 08:19 PM
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#1
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Porsche Padawan Group: Members Posts: 683 Joined: 17-December 14 From: Santa Clarita, CA Member No.: 18,230 Region Association: Southern California |
AAA offered to come by and appraise my car so I can switch from the "normal" car insurance I currently have on my 914 to classic car insurance for the stated value.
I have AAA for all my insurance, so I'm not interested in going elsewhere at this time. Car is not painted an official Porsche color. It's "Shiny Primer Gray". I did not paint the engine bay or area around the gas tank. The original color was Metallic Silver. All new rubber seals, top has been painted and texture-coated with Wurth's, bumpers are re-chromed, engine is stock 1.7L (the only mod is Pertronix ignition), I have a side-shift transmission and recently re-built the transmission, interior is nice, except I have a dash cover hiding some cracks. I have later doors. Heater works, too! I've posted some pics. Let me know what you think I should use for stated value. |
914 RZ-1 |
Apr 26 2019, 12:50 PM
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#2
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Porsche Padawan Group: Members Posts: 683 Joined: 17-December 14 From: Santa Clarita, CA Member No.: 18,230 Region Association: Southern California |
I discussed insuring it for $20K with the agent. She told me they know people with classic cars put way more care and money into them than what they are supposedly worth at fair market value and they take that into account.
They came out to inspect it with no issues. I took the same pictures I saw the inspector take. I'd argue it's worth at least $16-$20K. I'd say it's slightly nicer than the Hagerty value, but I would say that wouldn't I? (IMG:style_emoticons/default/smile.gif) I say $13.5K is too low. Everything works, it's nice inside and out and I haven't made any major mods. There are currently a few 914's in the LA area for sale at $17,000 in CL. AAA has a mileage max of 1,500 miles per year. I told her I've driven it about 5,000 in the past 3 years, with the car being off the road for one of those years. That's 1,700 to 2,500 miles per year. I drive it a few times a month to warm up the oil and keep everything from drying out. She told me to keep it as close to 1,500 as possible. What's the point of having a bichin' car if you can't drive it? (IMG:style_emoticons/default/driving.gif) |
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