I liked it better the way you had it. But the 58 Pontiac is a beautiful car in any model or body style IMO. Wished I had gone to the R&M auction a few years ago an bought the copper 348 Parisienne HT that was for sale. John Scotti bought it for $16K; he wants $39K for it now from his project cars section (it needs interior work) and hasn't done a thing with it. It's the same as when I looked at it when it was for sale from an Alberta seller a number of years ago for for approx. half the current asking price. 

Mr. Scotti won't be 'too pleased' to see that comment, but the rest of us "sure are'!!! thanks for the heads up on that even though I don't think very few of us would deal there, TOO EXPENSIVE!!!!

67BBSD wrote:

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ga wrote:

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dualquadpete wrote:

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I might be "out to lunch" on this BUT I can't see this car being appr. at $ 46000 If it's 'correct' then both my cars are "WAY UNDER" value!!!! for Insurance purposes.

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theres been lots of talk about appraisals of late, and they seem open to arguemnt to the point of being worthless...can anyone that actually knows explain... 

what exactly is the appraisal supposed to be?? I realize that the price to by another one is different then building one, but which costs are the appraisal supposed to reflect?? or do i decide based on which appraiser i hire???

-- Edited by ga on Saturday 5th of January 2013 08:19:51 PM

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 you're right there has been lots of discussion on this topic - I always comment - but of course the forum 'lawyers' and cruise night 'lawyers' offer their interpretation

from the licensed appraiser : in the insurance company's eyes the appraisal = ACV (Actual Cash Value), it is a 'market value assessment'

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 for clarity sakes,,its actually an insurance tool only?? your ACV appraisal would be used to help settle a claim regarding value...are there other types besides ACV appraisals?? or do people just kinda use them to bolster value when selling ect.. is there some legit reason that an appraisal would be way out of line with reality or are they just making the guy paying the bill happy its appraised high?? Ive never had anything appraised so im trying to see if its worth it on some of my old but not particually valuable cars.. 66 4dr laurentian, neat but not worth tons, 72 cutlass covertible, nice but not exactly rare, ect..

 

-- Edited by ga on Sunday 6th of January 2013 02:35:22 AM

I might be "out to lunch" on this BUT I can't see this car being appr. at $ 46000 If it's 'correct' then both my cars are "WAY UNDER" value!!!! for Insurance purposes.

ga wrote:

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dualquadpete wrote:

---

I might be "out to lunch" on this BUT I can't see this car being appr. at $ 46000 If it's 'correct' then both my cars are "WAY UNDER" value!!!! for Insurance purposes.

---

theres been lots of talk about appraisals of late, and they seem open to arguemnt to the point of being worthless...can anyone that actually knows explain... 

what exactly is the appraisal supposed to be?? I realize that the price to by another one is different then building one, but which costs are the appraisal supposed to reflect?? or do i decide based on which appraiser i hire???

-- Edited by ga on Saturday 5th of January 2013 08:19:51 PM

---

 you're right there has been lots of discussion on this topic - I always comment - but of course the forum 'lawyers' and cruise night 'lawyers' offer their interpretation

from the licensed appraiser : in the insurance company's eyes the appraisal = ACV (Actual Cash Value), it is a 'market value assessment'

ga wrote:

---

67BBSD wrote:

---

ga wrote:

---

dualquadpete wrote:

---

I might be "out to lunch" on this BUT I can't see this car being appr. at $ 46000 If it's 'correct' then both my cars are "WAY UNDER" value!!!! for Insurance purposes.

---

theres been lots of talk about appraisals of late, and they seem open to arguemnt to the point of being worthless...can anyone that actually knows explain... 

what exactly is the appraisal supposed to be?? I realize that the price to by another one is different then building one, but which costs are the appraisal supposed to reflect?? or do i decide based on which appraiser i hire???

-- Edited by ga on Saturday 5th of January 2013 08:19:51 PM

---

 you're right there has been lots of discussion on this topic - I always comment - but of course the forum 'lawyers' and cruise night 'lawyers' offer their interpretation

from the licensed appraiser : in the insurance company's eyes the appraisal = ACV (Actual Cash Value), it is a 'market value assessment'

---

 for clarity sakes,,its actually an insurance tool only?? your ACV appraisal would be used to help settle a claim regarding value...are there other types besides ACV appraisals?? or do people just kinda use them to bolster value when selling ect.. is there some legit reason that an appraisal would be way out of line with reality or are they just making the guy paying the bill happy its appraised high?? Ive never had anything appraised so im trying to see if its worth it on some of my old but not particually valuable cars.. 67 4dr laurentian, neat but not worth tons, 72 cutlass covertible, nice but not exactly rare, ect..

 

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 all of your vehicles are worth having an independant opinion of value applied - if you purchase 'classic insurance' it will likely have a 19A clause 'agreed value coverage', they will pay out what the vehicle is appraised for in a total loss situation. An appraisal is an appraisal no matter what purpose (insurance or whatever) yes we have all seen overinflated values that satified the customer or possibly a hard car to replace or extreme survivor or super resto

some argue that 'it would cost way more to build !' true but same with a run of the mill new car - if you had to buy all the parts and put it together it would be 10 times the ACV

when a real estate agent or bank appraiser values your house - how much do you then ask for it ? if its valued at $200,000 do you advertise appraised at $200,000 asking $120,000 ? no you ask $209,900 to settle at $200,000 - when mpac values your home for property taxes they compare to similar styles in the area - ya some are worth more or less depending on condition/options etc.. thats where the specific appraisal comes in - same is true with your cars

427carl wrote:

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when a real estate agent or bank appraiser values your house - how much do you then ask for it ? if its valued at $200,000 do you advertise appraised at $200,000 asking $120,000 ? no you ask $209,900 to settle at $200,000 - when mpac values your home for property taxes they compare to similar styles in the area - ya some are worth more or less depending on condition/options etc.. thats where the specific appraisal comes in - same is true with your cars

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          you forgot the insurance company    

          This summer, we had our Home appraised at  $245.000 for resale, by Real Estate appraiser....

         The insurance company, now covers for complete replacememt price, which is $330.000 w/o land  

          The new Mniucipal assesement just arrived in Nov for $209,000   

 

 

         

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 I didn't forget - I purposely left it out - an insurance company insures your home for 'rebuilding cost' which is what they do in the event of fire or other disaster, they don't pay you out market value and send the house to the junkyard - with a car they insure for ACV (actual cash value) in the event the damage excides (ACV or market value) they pay you out and send it to the junkyard

 

as for municipal assessment you are in good shape if they accidently undervalue your home based on average sales in your neighbourhood - you'll pay less property taxes than you should be and thats only because they don't know your house has the options and condition to be worth more than your neighbours - this is what happens when no independant appraiser actually looks at any tangable item