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Hagerty Value Update (9/15)

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Old Sep 2, 2015 | 09:58 AM
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Hagerty Value Update (9/15)

Hi All,

I saw that Hagerty just updated their values for September. After a big drop-off for all FDs a year ago, the latest valuations really make sense to me - the "Concours" and "Excellent" (conditions 1 and 2) cars saw a nice bounce-back, while the "Good" and "Fair" (conditions 3 and 4) cars remained at the lower pricing.

The thing that I always wonder about with the FD market is that it almost seems that there are 2 different markets: stock (or nearly so) and modified (often extremely so). I'm assuming Hagerty would be dealing with the first category.

Just wanted to share!

Link:
https://www.hagerty.com/valuationtoo...ort?vbe=104497
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Old Sep 2, 2015 | 06:16 PM
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Nice to see they're appreciating again. Not quite sure what made them plummet in the first place. Maybe the median is set will all the rollers being sold?
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Old Sep 13, 2015 | 10:54 AM
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Does anyone have a sense of the cost for an annual Hagerty policy? Assuming the Condition 1 in terms of value.
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Old Sep 13, 2015 | 03:20 PM
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**** the 7 my ghia is worth some bank!

https://www.hagerty.com/valuationtoo...port?vbe=87293

Dammit... Apparently I've been spending my money on the wrong car

Edit- PS. I don't know why I even care, it's not like I'm getting rid of either one of them. Ever

Last edited by Montego; Sep 13, 2015 at 04:59 PM.
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Old Sep 13, 2015 | 06:13 PM
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Originally Posted by Montego
**** the 7 my ghia is worth some bank!

https://www.hagerty.com/valuationtoo...port?vbe=87293

Dammit... Apparently I've been spending my money on the wrong car

Edit- PS. I don't know why I even care, it's not like I'm getting rid of either one of them. Ever
Yeah, Ghia convertibles are rising... hell, have you seen the 21 window microbus prices lately? $120k and up!
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Old Sep 14, 2015 | 12:37 AM
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Originally Posted by pjr
Yeah, Ghia convertibles are rising... hell, have you seen the 21 window microbus prices lately? $120k and up!
Yeah that's nuts....too bad I never really cared for them otherwise I'd have one

So far the record stands at $235k:

VW Bus sells for a groovy $235,000 - Dec. 5, 2014
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Old Sep 16, 2015 | 10:43 PM
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Originally Posted by pjr
Does anyone have a sense of the cost for an annual Hagerty policy? Assuming the Condition 1 in terms of value.
I have my cars insured with Hagerty. The price of the policy is dependent on the replacement value you want guaranteed. You pick the replacement value, they tell you the premium. I will say that I switched to Hagerty after having my cars insured with GEICO and I saved a lot of money.

Hagerty won't insure your car if you use it as a daily driver.
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Old Sep 17, 2015 | 08:52 AM
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I was quotes about 400 bucks for the year for a 15k value with 3500 miles allowed I think it was.
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Old Sep 17, 2015 | 05:49 PM
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Interesting to observe Mazda Cosmo made a wild climb last year according to Hagerty

https://www.hagerty.com/valuationtoo...port?vbe=24346
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Old Sep 20, 2015 | 04:33 PM
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Originally Posted by gmonsen
Ha! I love your comment that the Ghia is worth "some bank". You kill me. I grew up with close family friends having a 21 window micro and spent a lot of time in it at around 14-16 years old. I have a montage of pictures going down my stairs at home with a picture of me in 1964 in my high school varsity jacket in that microbus, so I think of them often and fondly. My first car was a 54 VW bug with no muffler. Zoom, zoom, it was not. Love the Ghia convertibles and boy have the prices gone up.

G
Yeah G a lot of people have many fond memories of buses and I take it that is why they are bringing in the $$. I've always like ghias so that's what I purchased one back in the day. I bought it for $4750 and in very decent condition. I hadn't seen the prices lately and just happen to look them up. Lol so I've been throwing my money at the wrong car. Man if I would have spend 25% of the cash that I have on my 7 my ghia would be amazing. Oh well I guess it's time to open up the wallet on that ride.

Even still, its nice to know that the car is worth 4-5 times my purchase price. Another nutty thing is that back in the day I also bought genuine Porsche Fuchs with tires at a vw swapmeet for $500 bucks and now they are worth $3000-4000. Didn't see that coming either
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Old Sep 21, 2015 | 02:31 PM
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Originally Posted by gmonsen
My observation is that many of the things that are relatively inexpensive, say, $1000-2500, but interesting, will appreciate far faster than many things that are already at higher absolute prices. That is, its easier to see gains from $1000-to-5000, than it is to see a $5000 thing move to $25,000. The former happens a lot and the latter less so.

The Ghia is a really neat little car and its nice and funky. Kind of the unspoken Cayman/Boxter of the day even though I think they overlapped a bit with the 914. Btw, what does it weigh? Maybe under 2000 pounds or right at that?

G
I always loved them. As a teenager I thought they were awesome and therefore I ended up buying one while I was still in college. They are extremely light and IIRC the weigh in somewhere in between 1700-1900 lbs (depending on the year and the source). All I know that you can literally push them down the street with one hand (once you get going).

As a reference here are two old pics of my car, before and after:



I repainted the car to a VW silver, got the porsche wheels, dropped it, removed the side trim and turn signals.


Now I am gearing up to redo it again. In the plan is a complete redo. New floor pans, repaint to green, reinstall side trim and turn signals, attain the bumper guards that came stock, change the top and interior to tan and put on some white walls to go with the porsche wheels. Basically I'm going with the cal-resto look.

Sort of like this but in olive green with a tan top and porsche wheels:

Attached Thumbnails Hagerty Value Update (9/15)-before-after.jpg  

Last edited by Montego; Sep 21, 2015 at 02:33 PM.
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Old Sep 22, 2015 | 08:14 AM
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Originally Posted by gmonsen
Nothing like a slammed outlaw Ghia with chromed Fuchs... Definitely the Boxster of the day. Just love it.

G
It's like a mini rolls coupe
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Old Sep 22, 2015 | 09:38 AM
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Old Sep 22, 2015 | 09:34 PM
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Hey that silver version of your Ghia is awesome! Love the clean look. I wouldn't change a thing.... except maybe replace the front bumper with bumperettes.
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Old Sep 22, 2015 | 09:37 PM
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P.S. Oh what the hell, jam a corvair flat 6 turbo in the back too :-)

P.P.S. Got a Hagerty quote and it was like double of Grundy and Heacock. I did check the option that I would potentially drive it to work 1x to 2x per month. Wonder if that is what drove it up?
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Old Sep 23, 2015 | 01:59 PM
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Originally Posted by pjr
Hey that silver version of your Ghia is awesome! Love the clean look. I wouldn't change a thing.... except maybe replace the front bumper with bumperettes.
thanks!

Originally Posted by pjr
P.S. Oh what the hell, jam a corvair flat 6 turbo in the back too :-)
Actually for my cars, I'm a purist when it comes to vdubs as well... Aircooled and carburated all the way

Last edited by Montego; Sep 23, 2015 at 02:16 PM.
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Old Sep 23, 2015 | 07:22 PM
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Another interesting graph by Hagerty and somewhat related to us rx7 community too:

https://www.hagerty.com/articles-vid...ws%209-23-2015
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Old Sep 23, 2015 | 09:47 PM
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I had a Corvair Turbo (1963) as well as a factory 4-carb 1966. Fun cars! I know some people put them in VWs and 356s back in the day, but now it is kind of heresy. It would be like putting a Chevy V8 into a FD. (oops). :-)
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Old Sep 24, 2015 | 12:17 PM
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Originally Posted by gmonsen
Ah, but the Corvair flat six IS carburated. Jst not air-cooled. The Corvairs are another really overlooked cool car that is roughly of the same era as the Ghia. I had a freiend with a 64 Corvair Monza Spyder. It had a claimed 150 hp out of 145 inches. The 1966 Corsa model had 180 hp out of 220 inches. They weighed about 2500 pounds. The motors were cool, because they were turbo-charged -- in fact the first turbo-charged cars of the modern era beating out BMW's 2002 or Porsche's 930 --used some nice material, like chrome steel crankshafts.

G
No don't get me wrong it is tempting. What some people are doing these days is putting a subaru boxer engine in them. If you think about it, it is actually a good idea. Modern engine with all the perks, 200HP (which is pretty nuts considering how light Vdubs are) no more finicky adjustments, and more reliable. However, I'm not too keen on putting anything other than a VW engine in there.

Believe it or not I'm kinda partial to the putt, putt that the VW engine makes. Mine is a completely stock 1500 with a whopping 50 Hp so I've been really contemplating upping it to a 1776 (70-100 hp) or quite possibly a 1915 (85-130hp). That should give me plenty of umph without the heachaches of being overly modified.

Originally Posted by pjr
I had a Corvair Turbo (1963) as well as a factory 4-carb 1966. Fun cars! I know some people put them in VWs and 356s back in the day, but now it is kind of heresy. It would be like putting a Chevy V8 into a FD. (oops). :-)
It hasn't changed... In fact I find the VW guys are a little more extreme with "what is blasphemy". For instance there was a discussion a while back on how 17 inch wheels do not belong on any aircooled vw. err ok... lol

I liked covairs in college, very cool cars to say the least. I sort of remember that there was a particular model that had drama attached to it. I forget what it was tho

Last edited by Montego; Sep 24, 2015 at 12:21 PM.
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Old Sep 24, 2015 | 10:03 PM
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Corvair interiors were awesome... especially the dash on the Corsa or even the Spyder. Beautiful, even today!

And yeah, Corvairs alays came with a good dose of drama. :-)
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Old Sep 25, 2015 | 10:32 AM
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Just bumping this thread bc I had an interesting thought after a conversation with a buddy who has an RHD imported car (Nissan Cefiro). In about 3 years the 25 year rule will apply to the first batch of RHD FDs from all over, making them eligible for importation and legal registration here in the states. Anyone thinks it'll have any affect on the market of the current FDs in the states?
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Old Sep 25, 2015 | 11:10 AM
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Originally Posted by gmonsen
I wouldn't put the Vair motor in the Vdub. I like the phutt phutt sound too. First car was a Vdub with a shot muffler. I thought it was hot. I paid $50 for it and it ran in 10 below weather no problems, but heater? What heater?

G
Lol 50 bucks... According to an inflation calculator $50 in 1964 comes out to $384.38 today. NOOOIIICE!!! love it.

here is a blast from the past for you, a 1954 VW bug:



when I was in high school an older friend of mine had a slammed 59'. Candy apple red, chromed out engine. Really nice car. It really looked like a 54 but honestly I do not enough about bugs to tell what the differences were between the 59 and the 54


Originally Posted by GK1707
Just bumping this thread bc I had an interesting thought after a conversation with a buddy who has an RHD imported car (Nissan Cefiro). In about 3 years the 25 year rule will apply to the first batch of RHD FDs from all over, making them eligible for importation and legal registration here in the states. Anyone thinks it'll have any affect on the market of the current FDs in the states?
The answer is no . However you will always get those that say "NO UHHH! We will be flooded with imports, so many that we won't know what to do with them, it will rain FD's, we shall all bask on apex seals and premix, our shores and streets will be littered with broken down FD's left on the side of the road... The once coveted FD will now be as common as house fly"... yeah... yeah... whatever

If you are interested here is a read where it was discussed 2 months ago:
https://www.rx7club.com/3rd-generati...ening-1086852/



.

Last edited by Montego; Sep 25, 2015 at 04:19 PM.
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