North East F-Body Association

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-   -   value of 88 Camaro that is hot rodded (http://www.northeastf-bodyassn.com/showthread.php?t=5370)

P-E-Z 03-12-2014 01:45 AM

value of 88 Camaro that is hot rodded
 
Anyone know what fair market on this car with modifications?
in very good condition.


List of parts in 1988 camaro

New GM Goodwrench 305 cubic inch v8
Edelbrock Intake manifold

Edelbrock Exhaust Headers

Edelbrock Cam Shaft

Edelbrock timing chain/gears

Oversized push rods

Trick Flow twisted wedge cylinder heads

Hurst Dual Gate for 700- R4 transmission with walnut shift handle.

3.45 rear gears.

Dynomax cat back exhaust system 2 into 1 into 2 with chrome bowtie

Polygraphite front end bushing

Heavy duty front and rear anti sway bars.

New hi performance springs, shocks and struts front and rear.

5.0 liter High Output dual air induction system

performance computer chip.

New Old Stock 1968 Walnut Wood Steering wheel

Burled walnut Dashboard kit

Viper alarm system.

Creiger SS Wheels 15 inch 60 series

Cooper Cobra Tires

Saddleman car bra.

picture of the car is here

http://i219.photobucket.com/albums/c...psc2f5ec18.jpg

My84Z 03-12-2014 02:40 AM

High value 5500 realistic 4000 what insurance is gonna offer you 2500

Z28 03-12-2014 02:43 AM

Id put it up for 4k

P-E-Z 03-12-2014 02:52 AM

Those parts cost more than 7k. I had been offer 10 grand for 18 months ago by a guy in parking lot. Lots of people offered to buy this car. This is not off the rack car.

My84Z 03-12-2014 03:00 AM

Then you should have taken it. You can get a mint ls1 camaro with more mods for 8-10k. Fact is it's a 1988 305 car. You asked a ? I am giving you a fair value on the market amd what cars are going for.

P-E-Z 03-12-2014 03:10 AM

I many https://www.carsforsale.com/used_car...evrolet_camaro many of them well over 10k. Those cars were not hot rodded. That 305 could cruise at 170 mph according to consumer reports test equipment. A frat brother was a staff writer there.

DavidS 03-12-2014 03:14 AM

I think this article on how insurance companies determine value is pretty good: http://wiki.answers.com/Q/How_much_m...car_is_totaled

You might want to start printing out and keeping track of the ads that you find of cars that are similar to yours.

Formula413 03-12-2014 03:22 AM

Quote:

Originally Posted by DavidS (Post 85736)
You might want to start printing out and keeping track of the ads that you find of cars that are similar to yours.

That is a good idea, to establish market value. And find every receipt you can, that will be key. Without those it's just another 3rd gen.

My84Z 03-12-2014 03:49 AM

Stock has a greater value then modded when it comes to older vehicles. Best of luck to you. These cars are a passion of people here we know them inside and out. I won't pick it apart on you.

84ta406 03-12-2014 04:21 PM

I agree with John 100% I had well over 10k into mine before I started parting it out. If I sold it I might have gotten 5k.

I just went through this issue with my accident. Find Ads like someone else said and send em to your lawyer.

black heartbeat 03-12-2014 06:29 PM

If it really was in good condition I would say 4k in good condition. Also you probably wouldn't get much of anything for any aftermarket parts considering the fact that it sounds like it wasn't appraised and insured for them so everything is pretty much heresay.

DavidS 03-12-2014 07:16 PM

Quote:

Originally Posted by black heartbeat (Post 85756)
If it really was in good condition I would say 4k in good condition. Also you probably wouldn't get much of anything for any aftermarket parts considering the fact that it sounds like it wasn't appraised and insured for them so everything is pretty much heresay.

I agree. Unless everything is declared up front with the insurance company, they are not going to pay anything other than stock condition replacement value.

See here: http://www.insure.com/car-insurance/upgrades.html

I'm betting they will not care about any mods if those modifications were not disclosed in advance.

If someone did try to disclose a lot of mods in advance, the insurance company probably wouldn't want to cover them.

Quote:

Good luck," says Kreisman. "We'll insure Ferraris and Bentleys, but souped-up cars? We won’t [insure] them. They are too high risk. . . . The [standard insurance companies] won’t touch them.

KLAB 04-28-2015 01:26 PM

I did the same thing dave said printed out ads and showed them. They offered me 4500 for my car at first then they said ok fine 6500. So its worth a try. Then you can buy it back and part it out.

Grovlet 04-28-2015 02:30 PM

Yeah - Been through this before:
If you did not validate modifications with insurance and specifically write them in as riders to ensure coverage for the value - All you can do is make a case for a higher value based on similar cars for sale.

They may also cover any repairs recently made (6 months?) if you can show receipts.

Unfortunately it's most likely going to be a losing proposition - but certainly worth the effort to get any of the added value back.

I hate the insurance part - as there's also the emotional tie in these cases which is worth nothing but heartache....:wookie:


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