I am really confused by the "Price Book" Valuations going on in this country...
I am buying my second NSX
and I am thinking of selling my current one... Problem is the values that everyone are using here (dealers and finance institutions), in my opinion, show so much variation that you would have to classify them as unreliable at best!
For a '92 NSX... Red/Blue book value is AUD $46,000 - $55,000 But you will never find one for that price anywhere (unless it is damaged!)
Now Glasses Guide quote for the same car a value of $72,000 Now this is more like it. Most are around the AUD $ 70-75,000...
Initially the bank wanted to go on Red Book value, when I I told them what I thought the car was worth and what they are selling for... The bank just said "Ok, we'll use Glasses Guide value then!
So what do insurance companies value the car at then?
Anyway, I'm not leaving this to chance... I'm going to get my insurance changed to be agreed value!
I am buying my second NSX
and I am thinking of selling my current one... Problem is the values that everyone are using here (dealers and finance institutions), in my opinion, show so much variation that you would have to classify them as unreliable at best! For a '92 NSX... Red/Blue book value is AUD $46,000 - $55,000
But you will never find one for that price anywhere (unless it is damaged!)Now Glasses Guide quote for the same car a value of $72,000 Now this is more like it. Most are around the AUD $ 70-75,000...
Initially the bank wanted to go on Red Book value, when I I told them what I thought the car was worth and what they are selling for... The bank just said "Ok, we'll use Glasses Guide value then!
So what do insurance companies value the car at then?
Anyway, I'm not leaving this to chance... I'm going to get my insurance changed to be agreed value!
