Quote:
Originally Posted by baddog
Well, I just picked an arbitrary car with arbitrary options and it seems to presume that every 45 year old car is in the same shape.
I am not going to agree that just because a car is a 61 Impala it is worth at least $7k. These prices only apply as dealer rates to sell. No way are they paying that much. 
I will stick with Auto Trader. |
Although I have used the Auto Trader extensivly in the past and admit that it can be a great resource for finding a used car but it's probably not the best tool to determine the price of a vehicle especially a classic car that people tend to hold on to and are not many up for sale making comparison a bit difficult. I could probably pick up the current Auto Trader and be and if I were lucky there may be a 1961 Impalla for sale but then I may not see another listed in the next few months. Kelly Blue Book is not the most accurate for pricing older vehicles either. I would have to go with NADA (National Automobile Dealers Association) for classic car pricing.
NADA Used Car Guide is the recognized leader across the automotive industry providing market-reflective used vehicle valuations for: financial institutions, credit unions, government agencies, insurance companies, dealers, auctions, manufacturers and rental agencies.
NADA collects and analyzes over half a million auto-related transactions per month, including both wholesale and retail sales. The data is derived from automobile manufacturers, new and used car dealers and over 165 auctions nationwide. Taking into account economic trends, geographic location, weather and environmental concerns, along with many other factors to determine the most accurate price for a vehicle.
The NADA price guide lets you pick the make, model, and year of the vehicle then allows you to choose options such as air conditioning, engine size etc. that were available then gives you a average figure for that vehicle in various conditions such as Low Retail, Average Retail Value, and High Retail.