appraised value? mean anything to you guys?
#1
Advanced
Thread Starter
Join Date: Feb 2010
Location: Wayzata, MN
Posts: 72
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
So I got an appraisal for my 1996 tt and came back at $128000. I did it for insurance purposes only otherwise I think these are a waste of money. What do you guys think and have any of you done the same? Can you really convince a buyer its worth that because an appraiser said so? Doubt it.
#2
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
From what I have seen from the market lately (as a former 97 TT owner) I could see where a buyer
would have to pay $130K for a low milage clean example of either a 96 or 97 TT
would have to pay $130K for a low milage clean example of either a 96 or 97 TT
#6
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Its been my experience that the appraisals are usually behind the market, in both cars and real estate. I am guessing that the insurance people arent going to be as enthusiastic as the market is.
#7
Race Car
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Way too low. I talked to some of the bigger US sellers and low mileage examples were going for around $165,000 in the spring. Mine is insured for $190,000 19a "agreed value". This only partially takes into account currency, duty and taxes if I had to source a US replacement car.
Trending Topics
#8
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Ronnie like I said, I thought the appraisals would be a bit slow to catch up with the market. The reason I used the $130k number is because Ferrari buyer said his appraised value was $128K.
But Ca993twin said his appraised value is more than the market value is. I am no expert and I am just commenting on my own experiences.
But Ca993twin said his appraised value is more than the market value is. I am no expert and I am just commenting on my own experiences.
#9
Banned
Join Date: Jan 2013
Location: Chicagoland Area
Posts: 26,141
Likes: 0
Received 5,410 Likes
on
2,516 Posts
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
So I got an appraisal for my 1996 tt and came back at $128000. I did it for insurance purposes only otherwise I think these are a waste of money. What do you guys think and have any of you done the same? Can you really convince a buyer its worth that because an appraiser said so? Doubt it.
You paid about half that. Why would the next buyer pay about double for the same car within months??
You bought and paid for a professional appraisal and now you doubt him???
#10
Race Car
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Ronnie like I said, I thought the appraisals would be a bit slow to catch up with the market. The reason I used the $130k number is because Ferrari buyer said his appraised value was $128K.
But Ca993twin said his appraised value is more than the market value is. I am no expert and I am just commenting on my own experiences.
But Ca993twin said his appraised value is more than the market value is. I am no expert and I am just commenting on my own experiences.
#11
Addict
Lifetime Rennlist
Member
Lifetime Rennlist
Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
Ronnie, your experience is more real time than mine, I was just commenting. But I agree 100% that the appraisal should reflect current Market value. I didnt take into account the "owner is paying" angle of the paid for reappraisal.
#12
Advanced
Thread Starter
Join Date: Feb 2010
Location: Wayzata, MN
Posts: 72
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
I don't doubt the value of my car. I think if I were to find a replacement Id have to spend more than $128000. Ill probably insure for $160k. Our cars are appreciating for sure.
#13
Rennlist Member
![Default](https://rennlist.com/forums/images/icons/icon1.gif)
The unfortunate thing is it's not as simple as just saying to them that you want it insured at a certain value, you have to convince their underwriters that it's worth that value.