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? |
JRust |
Apr 1 2019, 09:51 PM
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#2
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914 Guru Group: Members Posts: 6,307 Joined: 10-January 03 From: Corvallis Oregon Member No.: 129 Region Association: Pacific Northwest |
With insurance like you said. IT isn't what you could sell your car for. It is replacement value. Replacement value if you have it done at a shop. When you customize your car. Say with a conversion. You are not going to find the same car for sale. While a bit more likely with a 6 conversion. You still have to price it if you were having it built. Hell I have my Subaru conversion insured for 50k & my appraisal is for more. I plan to up it to 75k once my current drivetrain upgrade is done. Some might say I'm on crack. Could I build one for less? Absolutely. Could I have a bare metal, ground up restore, metal gt flares installed, new gorgeous paint, chassis stiffening, 911 upgrade suspension, custom welding & parts up the wazu, Custom wiring galore, motor rebuilt & upgraded, New larger turbo, uprgaded every part of the fuel system, all new gauges plus all new rubber. There isn't anything that hasn't been redone with newer better parts. Could that all be done by a shop for less? Not in today's market. Could I sell my car for 75k? Hell no. Would I if I could? for 75k HELL YES. Would I sell it for my current 50k insured value? I'd say no but I would probably at least consider the possibility. Answer would still probably be hell no. Would all depend where I was at in life & what I really needed.
So there is my 2 cents on the subject. Which isn't a six conversion at all. I thought it might help put some of the six conversion guys in perspective though. A Porsche six conversion with the same upgrades is worth more |
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