1969 Roadster appraisal: Kelly Blue Book vs NADA

[Tommy Boy McCabe]

Howdy all!

From time to time I check the NADA price guides to see what "THEY" feel my '69 dual top, 350/350, with 4spd is worth. After all, my car (like my home) is an investment. On November 2, 2005 the "Average Retail" was listed at $27,481. Considering what I paid, this figure made me happy. Today (April 1, 2006) the "Average Retail" was listed at$35,733. I said to myself "holy smokes"! Can somebody tell me why there would be such a difference ($8252 to be exact) in such a short time? Is this just an April Fool's Day joke? I tried to find the value in the Kelley Blue Book, but it didn't go back to 1969. Is the current market that strong for these "bumper cars"? Is NADA's "perceived" increase in value an accurate indication of what my car's value might be? My car also has a luggage rack, louver kit, and the factory sidepipes. Do these options add anything to the NADA pricing values? Thanx you all once again for your time and help!

Tommy Boy

[Marc Riggsbee (41680)]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

Corvette Mike recently had an L46 convertible with AC, power, etc. listed for $49,995.

[Dick Whittington (8804)]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

These prices reflect a number of things, including actual trades recently and appraisers opinions. I do not put a lot of faith in these book values. The last time that I looked a 69 L/88 was worth about $28k according to the book.
There are too many variables in the condition, desireability, options, etc to put an accuate price.

A car is worth no more that what someone is willing to pay for it, no matter what the owner asking price is.

[Bryan K. Montford]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

I just bought a house and during the bank financing, my 68 conv. with a/c using the NADA value was a nice addition to my asset sheet.

[Steven Cook (37841)]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

Tom, the Feb. CPI Book lists a #3 car at $25K.

[Tommy Boy McCabe]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

Dick,

I hear ya regarding the person who buys the car dictates it's value.
Just for the heck of it, I looked up what the NADA guide says about a '69 L88 Roadster. According to the latest "book", they're $112K, $161K, & $225K for low retail, average retail, & high retail, respectively!!!

Tommy

[Tommy Boy McCabe]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

Steve,

What kind of condition would define a "#3 car"? Where can I find this rating scale to determine what number my own car is?

Thanx!

Tommy

[Dick Whittington (8804)]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

You can buy one that needs to be restored for the "high retail" if you are lucky. These books are pretty close on late model used cars but usually way off on collectors.

Look around for cars comparable to yours and see what they are trading for. That is the market price.

[Paul Latour (38817)]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

You have to wonder about the validity of a guide where you can check off a four-cylinder engine as an option on a 1967 Corvette.

[Marc Riggsbee (41680)]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

It's my understanding that a #3 car would definately be a trailer queen. I've been told my car is a #2 and it's one I drive and show.

[Patrick Hulst (16386)]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

#1 is trailer queen
#3 is nice driver

[Marc Riggsbee (41680)]

Re: 1969 Roadster appraisal: Kelly Blue Book vs NA

Duh...I screwed that up. Sometimes the brain gets in the way. Sorry about that.