NADA value 😲
Ok so my daughter hit a deer last week in her Focus and my insurance company says they go by NADA value to decide about repairs or total loss. Needless to say they are totaling the Focus due to the initial damage estimate of 2900 not having been looked at by a shop yet so the price could have gone up. I went on NADA and looked at the focus and yeah, 2500-2900 value. Needless to say, my curiosity got the better of me and I started looking at my Jags! I was actually kinda surprised what they are saying! Here's a link for my 93 XJS convertible, and they only go by base options! Also my 97my XK8 is definitely lower in value, which is what I've seen around.
https://www.nadaguides.com/Cars/1993...ertible/Values
https://www.nadaguides.com/Cars/1993...ertible/Values
Interesting indeed. I checked for '85. Average retail $8850. Which is not too far from what Hagerty says the fair value of these cars is.
I was a bit surprised by original MSRP being reported lower than I expected. When I got my XJS, I inherited some paperwork from original owner, including some details of the deal. I believe it says MSRP was $45K, which appears what the first owner paid back then. I think my XJS was pretty "base" in terms of options. Though I am not sure. Maybe the dealer charged for "undercoating" and other add-ons to boost the base price?
I was a bit surprised by original MSRP being reported lower than I expected. When I got my XJS, I inherited some paperwork from original owner, including some details of the deal. I believe it says MSRP was $45K, which appears what the first owner paid back then. I think my XJS was pretty "base" in terms of options. Though I am not sure. Maybe the dealer charged for "undercoating" and other add-ons to boost the base price?
The XJS was a '$145,000' dollar car in the late 80s if converted to todays inflation rate at full retail price. $8850 usd is high to me but its all relative, I've seen XJS cars go for 800usd but needing 10k in catch up work...all depends.
I think part of the shock is still in the "I used to see these for x amount a few years ago all the time" mindset. Kinda like how I remember seeing 1970s XKE convertibles going for 10-20k "not too long ago" in pristine condition
here is something to think about?
ALL cars are made of the same stuff, like iron ,steel, plastics, glass, rubber etc , they just come in different shapes and colors!
why should the values change????LOL.
ron
ALL cars are made of the same stuff, like iron ,steel, plastics, glass, rubber etc , they just come in different shapes and colors!
why should the values change????LOL.
ron
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The real price of every thing, what every thing really costs to the man who wants to acquire it, is the toil and trouble of acquiring it. What every thing is really worth to the man who has acquired it, and who wants to dispose of it or exchange it for something else, is the toil and trouble which it can save to himself, and which it can impose upon other people. (Wealth of Nations Book 1, chapter V)
So... according to Adam Smith, an XJS probably is one of the most valuable cars in the world, considering the toil and trouble a man saves by disposing of it....
So... according to Adam Smith, an XJS probably is one of the most valuable cars in the world, considering the toil and trouble a man saves by disposing of it....
QUOTE PREPARED FOR: This quote is based on requested policy start date. 4/8/2019 CLIENT NUMBER VEHICLE(S) YEAR MAKE MODEL VIN TYPE GUARANTEED VALUE 1 1990 JAGUAR XJ-S Auto $ 16,500 Garaging: Vehicle Symbol: D See page 2 for a detailed explanation of your quoted coverages. HAGERTY DRIVERS CLUB™ Your membership provides the ultimate experience for people who love cars including unlimited emergency roadside service, valuable automotive discounts, 6 issues of the award - winning Hagerty magazine, access to members - only events and much more. 1ST GEAR For information or to change your program level, please call 800-922-4050. COST OF PROGRAM $ 45 TOTAL COST FOR ONE YEAR HAGERTY DRIVERS CLUB $ 45 INSURANCE PREMIUM $ 442 TOTAL ANNUAL COST $ 487
M F, if you are talking to me, my insurance was set up thru my ALLSTATE AGENT.
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