Date:         Tue, 26 Sep 1995 22:01:03 -0400 (EDT)
Sender:       Vanagon Mailing List <vanagon@vanagon.com>
From:         Mark Janello <mjanello@umich.edu>
Subject:      Re: BUSES, VALUE, & RESALE

Stuff like how to value an old vehicle varies from state
to state, and from insurance company to insurance company.
I'm using Allstate here in MI (one of those "no-fault"
states) and they will say they value each car on a case-by-case
basis.  I think they got burned a bunch of times on people
claiming very high value for their cars, with bogus
"appraisals" and comparisons to mint condition show winners.
So they told me to very carefully document the conditio
I bought the car in, and improvements I made, including hours,
etc.  Of course I still have to argue with them if it
gets wrecked, but I guess it's better than having them
already decided it's worth $650.

Mark
mjanello@umich.edu
'62 Kombi, priceless

On Tue, 26 Sep 1995, Paul Smiley wrote:

> Has anyone out there ever seen a real "bluebook" for older buses?  From an 
> insurance point of view, I was quoted $150 a year for coverage when I asked 
> about a '78 bus, IN DC, & I'M IN MY 20's.  I was told that personal property 
> tax would be $25.  This is great for now, but what happens when some fool 
> hits me? (After all, DC can be pretty crazy)  Do I get a check from the 
> insurance company for $50 because that's all it is worth?  I know an 
> appraiser can give a value for an individual vehicle, but I was wondering if 
> indeed there are older bluebook values with fair, good, excellent 
> conditions, etc.  I seldom see buses for sale here in Wash DC and they vary 
> so much that is almost impossible to compare.  I am going nuts trying to get 
> one (even though I've never even stuck my head in one).  If I had a baseline 
> "value", I could add or subtract extra costs necessary to get it in the 
> condition I want.  Again, any advise is appreciated.
> 
> Thanks!!!!!!!!!
> 
> "the novice"
> Paul Smiley
> 
>