While researching the value of BBCat for the expected forthcoming battle with the insurance company, I discovered the Hagerty Price Guide. It’s a “partner” of Hagerty insurance, but my understanding is that it grew out of Hagerty’s need to help owners more accurately define the value of their cars. According to their numbers, BBCat is valued at $25,800 (I’m assumming that it should use their Price 2 based on their descriptions) plus 15% for factory air. That puts it at $29K and change compared to the NADA average value of $33K. So there is a roughly 12% difference between the two. The Hagerty prices seem more real-world to me, though I think they may still be skewed a little high.
Has anyone else seen this guide and checked the value of their car? In order to see prices, you have to first purchase a book (which I did as part of preparing for the insurance company). Here is a link to the site for those who may be interested:
http://www.hagertypriceguide.com
Even though you probably don’t value your car that highly, try and think of it as if you had to replace it in a reasonable time frame such as for an insurance claim. You might be surprised at how much more it would actually cost.
You’re right, Al. I’m tending to think of what I’d pay if I were willing to be patient and wait for the right car to come along. Since putting up the original post for this thread, I also looked at the Hagerty Insurance web site. You can actually use their valuation tools, which are based on the Price Guide, to generate a PDF report for your model and it doesn’t cost anything to do.
http://www.hagerty.com/valuationtools
According to them my Cat is worth 11K in its current condition.
My Xr7 428SCJ conv’t isn’t listed but it is with a 360hp 429 ?
Hmm… The 428CJ only adds $1057 over the S code 390 in an XR7-G. If any one is selling at that, I am buying.
Interestingly, NADA doesn’t even show a value for your G. It came up as N/A. So, if we’re dealing with low-volume cars that rarely produce public sales results, how does anyone establish a meaningful value on their car? This is assuming we’re not trying to sell it, so letting the market put a value on it isn’t an option.
It would appear that Hagerty is on the high side as we go down the Cougar food chain, but too low as we go up into the investment-grade models.
BTW, Bill, I talked to Hagerty yesterday and learned that they will accept an enclosed trailer as storage but want to see what measures are in place to prevent someone from just hooking up and towing the trailer away. I suspect a tongue lock and wheel lock combo would probably satisfy them.
Bill, look at it from my point of view, if you would like to sell it at that price I would for sure be buying 