[DML] Re: NADA guide.

["David Teitelbaum" <jtrealty@xxxxxxxxxxx>]

The NADA guide is what it says it is, a GUIDE. It is used by
appraisers to get an idea of the value of a car. It is one source. Any
good appraiser will use several sources. One of the better "guides" or
sources is the books published by the auctioneers of their recent
sales. NADA is not as useful for older, collector cars as the auction
lists. If you insure your car with "Agreed Value" then you don't have
to worry about the NADA guide. If and when you decide to sell your car
the marketplace will set the value for you. Besides, it is in DMCH's
best interests to make the value as high as it can and that can only
help all of us. Remember, at this point in time it is all about
condition. If a perfect car is worth $30,000 than anything less than
perfect is worth some amount less. A perfect unrestored (or refurbshed
take your pick) car is always going to be worth more than a restored
car. The shop (or person restoring the car) does affect the value. I
would hope a car restored by one of the major vendors will be worth
more than one done in someone's garage. They can also afford to offer
some kind of warranty, support, and service. They also have more of a
legal responsability as far as representations, title, mileage, etc.
David Teitelbaum
vin 10757



--- In dmcnews@xxxxxxxxxxxxxxx, Marc Levy <malevy_nj@xxxx> wrote:
> The December 2004 NADA guide lists "James Espey" as a
> member of the Advisory Board.
> 
> Furthermore, I spot checked other popular and not so
> popular collector cars and found no others that listed
> additional values for cars restored by specific
> vendors.
> 
> 
> 
> 
> 		
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