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My appraisal

Started by blown motor, April 02, 2024, 08:27:07 AM

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blown motor

I had to get a new appraisal for my 74 Challenger 340 automatic. The paint is shiny but there are some issues which are shown in the pictures. The chrome is excellent and so is the interior except I have never replaced the rear interior panels. It appraised at $32,500 CDN.
Who has more fun than people!
68 Charger R/T    74 Challenger Rallye 
12 Challenger RT Classic    15 Challenger SXT
79 Macho Power Wagon clone    17 Ram Rebel

Katfish


Jay Bee

I agree with that being low. If you went to a Continental Currency Exchange outlet today that would be like $23,600.00USD.


blown motor

The car is shiny but under the shiny paint it's fugly. I've debated with myself often about getting it redone but I feel I would have to spend $20K to do it. In it's current state I can't consider it to be in excellent condition. Hagerty list a 74 with 360 4bbl in good condition at $22,100.
Who has more fun than people!
68 Charger R/T    74 Challenger Rallye 
12 Challenger RT Classic    15 Challenger SXT
79 Macho Power Wagon clone    17 Ram Rebel

RUNCHARGER

Nope that's still low. I don't think Hagerty would be able to find a 74, 360 E-body in good shape for $22,100 either.
Sheldon

Brads70

Agreed! Too low! No way you could replace it for that kind of money. So if you get in a fender bender like I did and to paint the car they allowed 24 k , with your coverage they would write it off!
 Are you with Hagerty? I am and have agreed coverage for 60k, no appraisals required. I'd say more like 45-50 would be where you want to be? 

blown motor

Thanks for the input guys. I think I'll go it's a second opinion. This should be interesting.
Who has more fun than people!
68 Charger R/T    74 Challenger Rallye 
12 Challenger RT Classic    15 Challenger SXT
79 Macho Power Wagon clone    17 Ram Rebel


jimynick

Who did the appraisal Murray? Mine was valued at $40k and I think that's a bit low myself.  :thinking:
In the immortal words of Jimmy Scott- "pace yourself!"

anlauto

Since switching to Hagerty I don't bother with appraisals....they are a waste of time...
I've taught you everything you know....but I haven't taught you everything I know....
Check out my web site ....  Alan Gallant Automotive Restoration

blown motor

Quote from: jimynick on April 02, 2024, 06:39:36 PMWho did the appraisal Murray? Mine was valued at $40k and I think that's a bit low myself.  :thinking:

When was your's appraised @jimynick? If it as when you finished it that was a couple years ago. But your's is numbers matching isn't it? And a four speed.

I think, as Brad mentioned, I can't replace it for that kind of money.

Who has more fun than people!
68 Charger R/T    74 Challenger Rallye 
12 Challenger RT Classic    15 Challenger SXT
79 Macho Power Wagon clone    17 Ram Rebel

700 AKN

When I purchased my AAR back 1n 1985 I never did any of the appraisal stuff.  I just went to get the ownership signed over and get it insured with Co-Operators.  This was 1985 so I was not thinking about value.  When they got the insurance calculated I was happy with the price and thought nothing more about it.  A few years later I found out that they had the car listed under "Valiant" and if I had an accident and the car was a right-off I would have received $2,000.00 Can.  That's when I decided to get it appraised. After the appraisal the price was higher, but did not appraise it every year.  Now that Hagerty just adjusts the value for fair market value I pay more each year for my cuda then my 2 every day vehicles combined.  Like everyone is saying your appraised value is very low.  Make sure it's not listed under Valiant!
 :rofl: