December 05, 2025 12:16 pm

Author Topic: Auto Appraisal  (Read 4057 times)

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Offline Eyeball

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Auto Appraisal
« on: July 17, 2008 8:37 pm »
Can anyone recomend an appraisal service in Fargo or know of anyone that I could use? I would like to get a number on the car b4 the cross country trip.
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henryj1951 HAMB

Offline sundance

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RE: Auto Appraisal
« Reply #1 on: July 17, 2008 8:59 pm »
i think reed told me he was an appraiser--if that helps at all
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Offline Eyeball

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RE: Auto Appraisal
« Reply #2 on: July 17, 2008 10:08 pm »
That would be cool. I'll see if he chimes in.
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Offline overspray

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Auto Appraisal
« Reply #3 on: July 17, 2008 11:59 pm »
Tom and I did a qualification sheet, like a resume, including our history of car building, car show judjing, car club affiliation, automotive training and degrees, so we could appraise our cars (for each other and other people) for insurance.  If I can find the form on my computer I'll email it to you and a copy of the one we did for my A.

 I need your information on the car--

 Chassis specifications---frame,  front axle, suspension, steering, rear end, engine, transmission, wheels and tires.

Body-- modifications, custom work, paint.

Interior--- dash, instrument panel and gauges, steering wheel, upholstery, floor covering, top, trunk finish.

Chrome and custom features-- plated items, specialty items (rare and unique), accessories, optional equipment.

Everything must be listed in detail even including special work or processes to manufacture or rebuild parts or components used in building the car.

As you make the list jot down dollar figures of what components or assemblies (like a custom built flathead engine- or quickchange rearend) would be worth on the market today---not what you paid or have invested in it.

Custom fabricated parts need to be listed and what you feel they would be worth on today's market.

The owner and builder know their car the best and the appraiser needs that information in detail to make a realistic value of the whole car.  Obviously, grossly overinflated values won't fly with an insurance company, and insurance companies may often do an appraisal of their own to go along with the owner's secured appraisal.

In order to make a realistic appraisal on a specific car, the appraiser needs to be very familiar with the current market of that type or style car, and a good knowledge of workmanship and quality associated in all facets of building or restoring special interest automobiles.  

It also helps that Tom and I have spent a lot of time looking at your car (because we really like it).

 I like to add up the values of components, or sections of the car (chassis, body, interior, drive train) and then, from experience, evaluate the total build and end result.  Yes, " The LOOK" is a big factor in value.

Oh yeah,  some nice pictures, including engine dash interior etc., are essential.

overspray