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? |
mepstein |
Aug 9 2019, 08:28 AM
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#2
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914-6 GT in waiting Group: Members Posts: 19,273 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
You need to insure it for what a good shop would charge to build you one from scratch, not what you paid over a 10 year time frame, chasing down deals and doing a bunch of work yourself.
At least get an understanding what that shop built number is even if you agree on less with your insurance. |
Mark Henry |
Aug 9 2019, 03:59 PM
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#3
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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 |
You need to insure it for what a good shop would charge to build you one from scratch, not what you paid over a 10 year time frame, chasing down deals and doing a bunch of work yourself. At least get an understanding what that shop built number is even if you agree on less with your insurance. (IMG:style_emoticons/default/agree.gif) I built my twin plug 3.0 for just over $10K, mostly through wheeling and dealing plus the Canadian/US dollar was at par when I bought most of the parts. Took me almost 8 years. If you come to my shop today I doubt if I could do similar for less than $30K and that's not including most of the rest of the stuff needed to get it in the 914. |
mepstein |
Aug 9 2019, 05:57 PM
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#4
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914-6 GT in waiting Group: Members Posts: 19,273 Joined: 19-September 09 From: Landenberg, PA/Wilmington, DE Member No.: 10,825 Region Association: MidAtlantic Region |
You need to insure it for what a good shop would charge to build you one from scratch, not what you paid over a 10 year time frame, chasing down deals and doing a bunch of work yourself. At least get an understanding what that shop built number is even if you agree on less with your insurance. (IMG:style_emoticons/default/agree.gif) I built my twin plug 3.0 for just over $10K, mostly through wheeling and dealing plus the Canadian/US dollar was at par when I bought most of the parts. Took me almost 8 years. If you come to my shop today I doubt if I could do similar for less than $30K and that's not including most of the rest of the stuff needed to get it in the 914. A shop in Philly PA charged our customer $22k to rebuild a 2.7 and it ran like crap until we sent out the WUR & FD to Tony Donato for a real rebuild. I just insured one of my motorcycles for $16k. I have about 6 into it and market value is about 12 but just because my guy restored and painted the gas tank for 400 (hand painted pin stripes) doesn’t mean it’s not a $1,500 job. |
Mark Henry |
Aug 10 2019, 06:59 AM
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#5
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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 |
You need to insure it for what a good shop would charge to build you one from scratch, not what you paid over a 10 year time frame, chasing down deals and doing a bunch of work yourself. At least get an understanding what that shop built number is even if you agree on less with your insurance. (IMG:style_emoticons/default/agree.gif) I built my twin plug 3.0 for just over $10K, mostly through wheeling and dealing plus the Canadian/US dollar was at par when I bought most of the parts. Took me almost 8 years. If you come to my shop today I doubt if I could do similar for less than $30K and that's not including most of the rest of the stuff needed to get it in the 914. A shop in Philly PA charged our customer $22k to rebuild a 2.7 and it ran like crap until we sent out the WUR & FD to Tony Donato for a real rebuild. I just insured one of my motorcycles for $16k. I have about 6 into it and market value is about 12 but just because my guy restored and painted the gas tank for 400 (hand painted pin stripes) doesn’t mean it’s not a $1,500 job. I've pretty well stopped building long blocks, I have to install, tune, sort and test drive the engines I build to be sure it's done right. |
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