odd valuation

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TStark
Posts: 127
Joined: Thu Sep 26, 2013 10:24 am
Your car is a: 1975 Spider
Location: NE CT

odd valuation

Postby TStark » Wed Mar 29, 2017 11:22 am

Just checked nada for valuation of the vehicles due to pending divorce, says my 75 124 is worth 26k. right.
looking for a better service...

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chrisg
Posts: 746
Joined: Sun Jun 04, 2006 7:30 am
Your car is a: 1971 FIAT

Re: odd valuation

Postby chrisg » Wed Mar 29, 2017 12:08 pm

it depends whether you own it or the other party owns it!
Chris Granju
Knoxville, TN
'71 FIAT 124BS (pretty), '72 FIAT 124BC,'76 FIAT 128 Wagon(ratbeast), '85 Bertone X 1/9, '70 124BC (project), 79 X1/9 (hot rod in rehab), '73 124BS (2L, mean), '74 124 Special TC, '73 124CS, '73 124 Familiare

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chrisg
Posts: 746
Joined: Sun Jun 04, 2006 7:30 am
Your car is a: 1971 FIAT

Re: odd valuation

Postby chrisg » Wed Mar 29, 2017 12:11 pm

maybe, just maybe Hemmings has a tool. or, a survey of recent ebay sales mixed with CL listings & club/forum listings is actually pretty reasonably scientific evidence. Doubt you could sell a 75 124 for $26K unless it's really nice & there's nearly $20K worth of something else in the trunk. The classic car insurance companies may have guidance also. $26? could that have been a 2017 124?
Chris Granju
Knoxville, TN
'71 FIAT 124BS (pretty), '72 FIAT 124BC,'76 FIAT 128 Wagon(ratbeast), '85 Bertone X 1/9, '70 124BC (project), 79 X1/9 (hot rod in rehab), '73 124BS (2L, mean), '74 124 Special TC, '73 124CS, '73 124 Familiare

piperstan10
Posts: 31
Joined: Sun Jan 06, 2013 1:02 pm
Your car is a: spider 1973

Re: odd valuation

Postby piperstan10 » Wed Mar 29, 2017 1:44 pm

Friend of mine sold a "very clean" 76 two years ago for $14K with a rebuilt engine, dual carbs, upholstery new, chrome re done and lots of dazzle!~ Great show car.

Stan

VAspider
Posts: 18
Joined: Sun Jul 19, 2015 1:14 pm
Your car is a: 1969 Spider 1970 Spider 2012 Abarth

Re: odd valuation

Postby VAspider » Fri Mar 31, 2017 9:34 am

Frank
69 Spider
70 Spider
12 Abarth

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aj81spider
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Posts: 1526
Joined: Fri Mar 11, 2011 9:04 am
Your car is a: 1974 Fiat 124 Spider
Location: Chelmsford, MA

Re: odd valuation

Postby aj81spider » Fri Mar 31, 2017 10:44 am

NADA is always high. It's generally the highest of the three (Edmonds, KBB, NADA) for newer cars.

Massachusetts uses your purchase price or low NADA, whichever is higher, to calculate sales tax when you buy a car. I bought my '74 for $3000 and got charged sales tax on $6000 because that was low NADA. Clearly the NADA was wrong because I paid $3000 for a car that was probably at the mid point.

I had a good solid, no rust '81 I sold a little while ago. NADA says low retail is $6475 and mid is $14,500

I had it on the local market for two years at $4500 before I finally sold it for $2500.
A.J.

1974 Fiat 124 Spider
2006 Corvette
1981 Spider 2000 (sold 2013 - never should have sold that car)

Frog2Spider
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Your car is a: 1981 2000 Spider
Location: Vancouver, Washington

Re: odd valuation

Postby Frog2Spider » Fri Mar 31, 2017 6:34 pm

The old saying is so try. "It's worth exactly what someone is willing to pay"

I had to have a professional appraisal for my vintage replacement insurance, thru State Farm. It was appraised at $22,200!
It's a nice car, 45,000 miles and '0' issues. Even in it's excellent condition, I honestly think it would be a frosty day in hell before anyone (except State Farm) would pay half of that for it! :shock:

Dave.
Always looking for curves under blue skies!
Frog2Spider

'81 - 2000 Spider

AriK
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Posts: 1148
Joined: Sat Apr 02, 2011 7:58 pm
Your car is a: 1979 Fiat Spider
Location: Montreal Canada

Re: odd valuation

Postby AriK » Fri Mar 31, 2017 7:41 pm

Frog2Spider wrote:I honestly think it would be a frosty day in hell before anyone (except State Farm) would pay half of that for it! :shock:

Dave.


That said, our thoughts stay on the forum and we all shall play it up to the insurance companies in order to keep the indeminities high :D

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azruss
Posts: 3659
Joined: Sun May 30, 2010 12:24 pm
Your car is a: 80 Fiat 2000 FI

Re: odd valuation

Postby azruss » Sun Apr 02, 2017 7:37 pm

I have mine insured for $15k for the last 4 years. I am raising it to $18k this year. My criteria is what would it cost to replace the car without me spending a 1000 hours on it. Being on the west coast, I think I can probably find a VERY nice spider for $8-10k with the remaining $8k for the custom work.

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chrisg
Posts: 746
Joined: Sun Jun 04, 2006 7:30 am
Your car is a: 1971 FIAT

Re: odd valuation

Postby chrisg » Mon Apr 03, 2017 12:47 pm

what you just said is the practical aspect of it. When I was thinking of selling my '71, I figured it would cost me easily about $12-14K to replace it if I had to do so immediately, but I was asking about 10K. On the other hand, in terms of a divorce case evaluation, I had an attorney tell me once that valuing stuff like that (cars, musical equipment, tools) is more along the lines of what would you get for it if you posted it up for sale & needed to sell it fast for fast cash....same car as above, probably $3500....
Chris Granju
Knoxville, TN
'71 FIAT 124BS (pretty), '72 FIAT 124BC,'76 FIAT 128 Wagon(ratbeast), '85 Bertone X 1/9, '70 124BC (project), 79 X1/9 (hot rod in rehab), '73 124BS (2L, mean), '74 124 Special TC, '73 124CS, '73 124 Familiare

TStark
Posts: 127
Joined: Thu Sep 26, 2013 10:24 am
Your car is a: 1975 Spider
Location: NE CT

Re: odd valuation

Postby TStark » Mon Apr 03, 2017 12:59 pm

Thanks men, i have a more reasonable number now, 4600-4900
Maybe i can stay in the club, we'll see how much Scorched Earth Policy she has endurance for.

DieselSpider
Posts: 2130
Joined: Wed Dec 24, 2014 10:21 pm
Your car is a: 1978 124 Spider with Isuzu Turbo Diesel

Re: odd valuation

Postby DieselSpider » Mon Apr 03, 2017 1:17 pm

NADA says:

Low Retail = $6,150 (Daily Driver)
Average = $13,900 (Show Car)
High = $26,200 (Museum Concourse Restoration)

See:
http://www.nadaguides.com/Classic-Cars/1975/FIAT/124-Spider/2-Door-Convertible/Values

$4,XXX sounds like trade-in value.

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chrisg
Posts: 746
Joined: Sun Jun 04, 2006 7:30 am
Your car is a: 1971 FIAT

Re: odd valuation

Postby chrisg » Mon Apr 03, 2017 1:32 pm

good luck. I had to argue that rather than owning a "collection of Italian sports cars" I owned a number of 124s, an X1/9, a Brava & some parts cars....and that was back around 2001 & a total BS task of attorney harassment that collectively cost my kids about $650/hr to get the JDs to shut the hell up. Now, THAT would be the more appropriate valuation to perform!
Chris Granju
Knoxville, TN
'71 FIAT 124BS (pretty), '72 FIAT 124BC,'76 FIAT 128 Wagon(ratbeast), '85 Bertone X 1/9, '70 124BC (project), 79 X1/9 (hot rod in rehab), '73 124BS (2L, mean), '74 124 Special TC, '73 124CS, '73 124 Familiare

DieselSpider
Posts: 2130
Joined: Wed Dec 24, 2014 10:21 pm
Your car is a: 1978 124 Spider with Isuzu Turbo Diesel

Re: odd valuation

Postby DieselSpider » Thu Apr 06, 2017 9:58 pm

Of course one has to be mindfull that on a private sale you can expect to get about half of whats listed as the dealer price or just a few percentage points over the trade-in value.


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