NADA guide value?

[mjwebb]

sort of a newbie here...question: Is the NADA guide indicative of the closet thing we have to realistically valuing our cars? I know the real answer is based on economy, muscle car market and what someone is willing to pay for them...but, is NADA at all credible overall? thanks

[Tilar]

No, not in my opinion. I used to do a lot of "horse trading" so to speak and NADA is what most people "wish" they could get out of their cars. Just throwing a figure into the air, I'm going to say NADA can be up to 30% higher than actual values, maybe more.

Kelly Blue Book is a closer to being realistic but in today's economy it's nothing more than a crap shoot.

[mjwebb]

thx...so is getting a car professionally appraised the most credible way of getting a car's 'true' current value then?

[Troy]

I think they are way off. However, the nice thing is you can usually get your car insured for NADA values.

Troy

[Khyron]

I think they are way off. However, the nice thing is you can usually get your car insured for NADA values.

Troy

heheheh thats what i did

[68charger383]

I think NADA is closer now than they were two or three years ago. Most banks/insurance companies use the average prices. If anything, they are a little (10-15%) on the low side of the scale.  

They show the average price for a 68 R/T auto as being $26,600.
http://www.nadaguides.com/default.aspx?LI=1-22-1-5013-0-0-0&l=1&w=22&p=1&f=5014&y=1968&m=1052&d=2450&c=11&vi=69473&da=-1

They show a 68 383 auto with an average value of $17,400.
http://www.nadaguides.com/default.aspx?LI=1-22-1-5013-0-0-0&l=1&w=22&p=1&f=5014&y=1968&m=1052&d=393&c=11&vi=69471&da=-1

[mjwebb]

this is what they have to say about my car, and it definately falls into the High Retail Description...fully restored, numbers matching

High Retail Value
This vehicle would be in excellent condition overall. It could be a completely restored or an extremely well maintained original vehicle showing very minimal wear. The exterior paint, trim, and mechanics are not in need of reconditioning. The interior would be in excellent condition. Note: This value does not represent a "100 Point" or "# 1" vehicle *.

http://www.nadaguides.com/default.aspx?LI=1-22-1-5013-0-0-0&l=1&w=22&p=1&f=5014&y=1970&m=1052&d=2453&c=11&o=10901&vi=69592&da=-1

[68charger383]

Well I looked at the prices for the 70 charger 500 with a 383 and the average price is $30,250. So I guess some of the prices are still way off.  

http://www.nadaguides.com/default.aspx?LI=1-22-1-5013-0-0-0&l=1&w=22&p=1&f=5014&y=1970&m=1052&d=2453&c=11&o=10901&vi=69592&da=-1

I guess NADA got confused since most 70s versions (RR, GTX, Barracuda) are worth far more then their similar optioned 68/69 counterparts, with the exception of chargers

The average prices of the 68s I listed above seem pretty close to market.

[1BAD68]

mine falls between 11,000-17,000 which seems about right to me.
http://www.nadaguides.com/default.aspx?LI=1-22-1-5013-0-0-0&l=1&w=22&p=1&f=5014&y=1968&m=1052&d=393&c=11&o=41006&vi=69470&da=-1

[68 RT]

NADA is used by banks and credit unions to have an idea what to loan on a car/truck etc. Something is worth what someone will pay.