Check out the NEW NADA VALUES WOW FINALLY

[BobbyBuick]

Check out the new NADA Values moving up finally!!! I think just a matter of time the T either matches or passes the GN your Thoughts?

 

[OhioC5]

I think it's hard to take the numbers seriously when there's a 10% reduction for 6 cylinder. It appears to me that the listed NADA average retail is closer to high retail number in real life.

 

[Dennis Kirban]

To look a their chart and the vague options it appears they are confused as to what the GN and Turbo-T consist of. It's a step in the right direction and I have their books from several years ago and been writing about it. I charted all 300 of the ones I sold in the 1990s and early 2000 time frame which is real world figures. Sure at an auction here and their one may tap out to the uneducated at 46 grand as a high point but in the real world nice examples are probably trading hands in the mid 20 grand range unless miles is exceptionally low. Again just my thoughts.

denniskirban@yahoo.com

 

[OhioC5]

Dennis, I think we said the same thing, you explained it better.

 

[Dennis Kirban]

Dennis, I think we said the same thing, you explained it better.

It seems like they are not familar with car. They all had ac the sunroof or astroroof feature was available across the board not just Turbo-Ts in 1987 if anything that value would be higher than 5% in my opinion....

denniskirban@yahoo.com

 

[OhioC5]

One of the price guides I use for reference lists a condition 2 car at $23,450.00 A number 1 car would be a 95 point show car that isn't driven. Even the condition 2 car is considered excellent with minimal wear. I didn't consult my books when I sold my car because I knew what it was worth and what it would bring. I just looked at the book tonight when this thread came up. A lot of the cars on this site are priced pretty fair but the sellers just don't know how to list them for maximum offer. And some guys have condition 3 cars asking condition 2 money. Don't mean to throw all the condition numbers out there. My material and methods of appraisal has proven reliable and accepted by insurance companies , attorneys and banks.

 

[Gary Wells]

Although I have owned 5 of these cars, I am not very knowledgeable of the actual values,
but personally I do not believe that the value of the Turbo-T in general will ever exceed
the GN with everything being approximately equal.

 

[we4Mateo]

It's all formula based. Unless NADA is writing you a check, it's meaningless. Even the same car fluctuates based upon the knowledge/experience of the buyer. Cash in hand is what they are worth.

 

[OhioC5]

Cash in hand is one way, buy if a guy needs financing the numbers aren't meaningless. Even if they're skewed, they have meaning.

 

[novaderrik]

Cash in hand is one way, buy if a guy needs financing the numbers aren't meaningless. Even if they're skewed, they have meaning.

do people really finance these cars?
i can see using book values for insurance coverage, but financing?

 

[BobbyBuick]

All i am saying are many use KBB and NADA as a Benchmark for buying and if it is increasing (which it is) and not decreasing that is a good thing

 

[OhioC5]

Yes, I'm on some other boards and guys are even financing supercharger kits! Nuts my friend!

 

[BuickMike]

These values are also for original cars with reasonable miles. I wonder what something like mine that is a full resto-mod with higher miles would go for?

 

[dragrazor]

I think that it is definitely good news, although we sell for alot less than what it shows in there. I believe we are only hurting ourselves by selling much lower. Remember, the gnx is selling for much more so our cars are another option in owning a collectable turbo regal. The GN will always be worth more for that reason. Its the closest thing to a GNX. The low mileage examples will be worth more and the nada figures represent those cars. The GN's that have been modified will be worth what someone is willing to pay and what the seller deems fair. Once a GN has been modified(different engine,interior,etc), its really up to the two parties. At that point, the nada figures give the parties an idea as to reasonable value. IMHO.

 

[OhioC5]

It would be based on information obtained from owner provided documentation, trade publications, nationally recognized auto value guides, recent auction results, personal knowledge, opinion of the automobile and collector car industry appraiser. Just my .02 cents

 

[Venus]

NADA or KBB are inaccurate. Any bank would have the car appraised first before financing and would require a hefty down payment to finance an almost 30yr old car, ask me how I know? Even insurance agency's almost all require an independent appraiser to certify the value of the car and require pictures to properly insure the car for it's appraised value. Hagerty's valuation tool to me seems to be the most accurate for values of cars as it looks at many factors including what the cars are selling for in auctions all across the country and even they put a condition 2 87 GN at the very high mark of $34k which seems about right.

I also agree that none of the T cars will ever surpass the Grand Nationals in value. Rarity doesn't always mean something is worth more.

 

[GrandV6]

I've owned 6 TR's thru the years & have to disagree with their price discrepancy between GNs & T's. With everything being equal a 15K disparity seems high. I know GNs will always command more but not that much. Maybe a 5-10K difference IMO.