Getting a car appraised.
- Thread starter C.Evans
- Start date
Legally you can't even have it Titled for street use as it sits being Carbed, and with I'd imagine no cats, regardless of what County you live in... so ignoring that fact...
I don't think an appraiser would care, but your insurance will obviously sky-rocket if that is the purpose for this.
98+ Ranger's KBB High and have a high fair market value, so if this is for insurance purposes, I wouldn't even bother (it probably books over $3k). It's old enough (more than 6 years IIRC?) so you can always buy it back if you wreck it, and pull whatever survived an accident. Any lost money would almost certainly be smaller than the increased insurance premiums.
I don't think an appraiser would care, but your insurance will obviously sky-rocket if that is the purpose for this.
98+ Ranger's KBB High and have a high fair market value, so if this is for insurance purposes, I wouldn't even bother (it probably books over $3k). It's old enough (more than 6 years IIRC?) so you can always buy it back if you wreck it, and pull whatever survived an accident. Any lost money would almost certainly be smaller than the increased insurance premiums.
whaaaaat? i believe someones ass cheeks may be flapping here. aka talking out of your ass.
Dealer KBB is $3,888 for a 1998 standard cab standard bed XLT ranger with a 3.0 V6 (which is what I think you had in it origionally?). Fair market value is typically close to that. That's why I never bothered looking into this. Figured if I got $3500 for my truck in an accident, and could save the motor/trans/rear, not much else really matters since I could buy a perfectly good/clean runner for $3500, and sell the motor/trans/rear out of it and come out several thousand ahead in the end...
There are exemptions you can GET for OBD II vehicles (Parade/Show use, Track use, "Kit Car" title, or prove to them that you've spent more than $1000 trying to get it to pass)
Get a PCM in there, have it powered up, set all codes to "don't report", run through emissions: profit. OBDII is the best thing that happened to heavily modified vehicles.
Just make sure the port is EXACTLY where it's supposed to be. I had my port hanging on the Grand Prix and they failed me. Then the dude wouldn't tell me why. I had to park the car and go into the office so the other guy could tell me my port wasn't where it was supposed to be. Literally all I did was snap it back into place, go back through and pass. What a waste of their time and mine.
Just make sure the port is EXACTLY where it's supposed to be. I had my port hanging on the Grand Prix and they failed me. Then the dude wouldn't tell me why. I had to park the car and go into the office so the other guy could tell me my port wasn't where it was supposed to be. Literally all I did was snap it back into place, go back through and pass. What a waste of their time and mine.
So basically it boils down to is:
Appraisal cost + Insurance premium increase > or < $3500 + what you have into it - What you can recover in case of an accident.
It is true. OBDII is awesome. They don't seem to do ANY sort of visual inspection.
You'll probably have to pay a hefty premium for the extra insurance to cover the other stuff on your car. You'll have to show receipts for everything you're trying to insure, or prove the value.
A lot of people face the value of all the shit > value of car. Just gotta make sure you can get it back from the insurance and part it out.
A lot of people face the value of all the shit > value of car. Just gotta make sure you can get it back from the insurance and part it out.
However, the premium for "extra" stuff can't be cheap, but i'm not an insurance agent so I haven't a clue.
it seems like most of the money you put into it is in stuff that would survive a crash, the motor trans rear end, honestly how much is the body frame and interior worth? the 04' grand prix I just picked up for cheep is geting liability, yeah ill have alot into the motor and trans but I can always buy another gp body and throw it in there
Comes back into that 'how much money will you save with the lower premium' equation.
(did not read entire thread)
i wouldnt do it. youll pay out the ass in insurance.
last summer 2 weeks after finishing my truck, i TOTALED IT THE FUCK OUT. jumped it into a field. i had full coverage and they paid top dollar for the truck and i bought it back for $300. two weeks later i put a core support in it and a front bumper and its on the road.
even if i ACTUALLY totaled it, i could have sold the motor, trans, rearend, brakes, etc. for thousands....
only reason you want it insured for what it is, if it gets stolen. and im not TOO worried about that. 99% of people think its just a regular dakota. and if you keep it in the garage, i wouldnt worry. im sure you can still hook up an alarm/remote start with starter kill.
i wouldnt do it. youll pay out the ass in insurance.
last summer 2 weeks after finishing my truck, i TOTALED IT THE FUCK OUT. jumped it into a field. i had full coverage and they paid top dollar for the truck and i bought it back for $300. two weeks later i put a core support in it and a front bumper and its on the road.
even if i ACTUALLY totaled it, i could have sold the motor, trans, rearend, brakes, etc. for thousands....
only reason you want it insured for what it is, if it gets stolen. and im not TOO worried about that. 99% of people think its just a regular dakota. and if you keep it in the garage, i wouldnt worry. im sure you can still hook up an alarm/remote start with starter kill.
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