RE: [Chrysler300] Classic Car Appraisals

["ksimons" <ksimons@xxxxxxxxxxxxxxxxx>]

I am a licensed auto appraiser in MA and I can say without a doubt there is
no way I could justified that kind of price on that car. An appraisal is
based on what the market will bear and professional experience in what you
are looking at. Some state you need to be licensed and some you don't. Most
of the classic car appraisals I do are for insurance purposes, people
looking to make sure they are covered in case of an accident as insurance
companies in this state want an independent value put on a car when a policy
is written.

I can say if I put a value like that on that car I could lose my license. An
appraisal is only as good as the reputation of the person doing it and
unless I see the car it means nothing.

 

 

Keith  

 

From: Chrysler300@xxxxxxxxxxxxxxx [mailto:Chrysler300@xxxxxxxxxxxxxxx] On
Behalf Of John
Sent: Thursday, November 12, 2009 11:55 AM
To: Chrysler 300 Club Intl
Subject: [Chrysler300] Classic Car Appraisals

 

  

I wanted to get other Club members' opinions about appraisals of classic
vehicles, including our 300 Letter Cars.

For example, there is a shiny but very ordinary and somewhat modified 1963
Chrysler 300 Pace Car convertible on eBay at the moment. Ordinary in that it
has a 383, and no A/C. I say lightly modified, as it has dual-circuit brakes
and a front disc brake conversion. Here's a link to the auction:
http://tinyurl.com/63-300-sport

The appraisal value for this car is listed at $352,000. I'm no professional
appraiser, but that most certainly exceeds the value of that car by at least
ten times over its actual value.

Your thoughts/opinions?

300ly,
John Spiers

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