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? |
jagalyn |
Apr 1 2019, 07:36 AM
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#2
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True Patina Group: Members Posts: 414 Joined: 31-January 06 From: Scandia, MN Member No.: 5,503 Region Association: None |
They say 'buy the best one you can afford'. The reason is because it cost less than buying a base car and restoring or converting it. A completed car is seldom worth the cost of it's parts once labor is factored in... especially if it's highly modified as it narrows the potential buyer pool.
I remember saying 'I wouldn't sell a car for less than $25,000' when I had no intention of selling it, but later when I decided to sell it, I had to accept what the 'market' would bear. Converted sixes on Bat have been going for the low 20's without steel flares and as high as $67,500... but that is really the exception. The market will determine what a car is worth when it is sold, but we all get to determine what it is worth while we own it and those two things can be quite different. How do you place a value on blood, sweat and tears... especially when it's your own. |
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