Sunday, January 8, 2012

Why doesn't the NADA guide have a mileage option to put in for the classic cars?

This information would still seem needed especially if obtaining a loan for the vehicle.......


Is there a way to figure a price with a mileage of l06,000 for a 1984 Corvette?|||when you are looking at a more recent car as a daily driver, mileage is a factor. The average is 12-15k/yr. Mileage is included in those caluclation beause excessive driving can devalue a car like, lets say a Ford Focus. Or, the consumer can hope to get some extra life out of a low-mileage car, and is willing to pay a little extra. That is how the consumer guide price relative to 95% of all cars bought and sold.





When you step into the classic or collectable realm, mileage is almost never a consideration. One would expect a 25 yr old car to have over 250,000 miles. If the miles are lower, then it might make a difference. However, to a classic buyer or collector, they are looking at the car as an investment or hobby piece. So more important is the over condition and completeness of the car. The notable exception being those few 'survivor' cars like my friend's 1970 Hemi GTX Convertible with less than 1000 miles.





Your best bet is to check for examples recently sold at collector auctions. Although the 84 is not yet in the realm of collectibles (since so many were made), it is headed in that direction and may turn out to be a good investment.





Good luck|||We don't offer this for vehicles after a certain age because it gets far more difficult to calculate the effect of mileage for a classic, collectible, or exotic car.





The best way to do figure out a value is to start with NADAguides.com, in our Classic Cars section. This will give you a range.





Then head over to a site like AutoTraderClassics.com and search for vehicles similar to yours, near where you live (a California car is potentially very different from a New Hampshire car). Examine the asking prices of these cars.





By combining our range of values with current asking prices in your area (as well as adding in the value of any features you feel are relevant to increased or decreased value) you should be able to arrive at a reasonable value for your vehicle.





A 1984 vette (shark body and gotta love those t-tops) is a solid year that is gaining ground amongst enthusiasts. However, since it is a Corvette you would never have problem finding someone interested as that group (Corvette lovers) is intensely loyal and located in every pocket of the US (and around the world).





Good luck with your car whether you are restoring or selling it.





Jeff Glucker


Social Communications %26amp; Content Manager, NADAguides.com|||Because people don't buy classic vehicles for gas mileage, they buy them as collection items or as speciality.





To be honest asking gas mileage on a classic car would be a very dumb question to ponder.|||NADA is used for mass marketing of used cars, classics's are valued by different standards and there are not enuff of them to list.


Basically , "What is THIS '84 Corvette worth to YOU?"|||Dan hit the nail on the head. NADA and kelly blue book suck for classic/collector cars





get an old car price guide

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