How do we value our cars?

jhdeval said

So over the weekend I had an accident and now I am concerned with valuing the car. I have antique insurance and told the insurance company my 65 Barracuda /6 (Hopped up) was worth 18-20k. I got that number from the Haggerty valuation tool. Nada values my car with a slant at 16k.

As the title states how do we value what our cars are worth?

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I have mine with Hagarty at 35,000. They approved that value. I came to that value by thinking of what the car would cost to replace.

Technichally speaking the value of the vehicle is a combonation of at least 2 book values. That's how insurance does it.

REalisticly speaking the cost of your vehicle is an average of what the current local market will bear.

If your car is a driver quality show car 16-20 sounds reasonable.