book value of older chevy's

[johnmc]

I almost fell over then the dmv told me i had to pay book value of 5k to reg. my daughters 77 chevy truck. the high book value was 18,000
wtf i got bent over in my state mass. all vehicles over 25 years old are classics i might put collision ins.on it .

 

[crazy4offroad]

What book do they use?? Kelley BB or NADA? I never would have thought it would be worth that much!! The local DMV valued mine at $62 I think or something like that, which assessed value here is only 60% of fair market value. I think fair market value is something they figure for vehicles that old that's not really on the books anymore. You can put a higher value on it here in WV but you'll pay higher taxes. Then on your insurance you can have them look at it and put a higher coverage on it, which is what I did.

 

[J Knight]

I almost fell over then the dmv told me i had to pay book value of 5k to reg. my daughters 77 chevy truck. the high book value was 18,000
wtf i got bent over in my state mass. all vehicles over 25 years old are classics i might put collision ins.on it .

I hate to say it but you live in the state of Taxachussets. I looked up mine on NADA and its at 5-9K.

 

[davbell22602]

I hate to say it but you live in the state of Taxachussets. I looked up mine on NADA and its at 5-9K.

Where do you look up antique vehicles at on nada? Website?

 

[J Knight]

Where do you look up antique vehicles at on nada? Website?

http://www.nadaguides.com/Classic-Cars/1982/Chevrolet/C10/Pickup-1-2-Ton-Shortbed/Values

 

[skysurfer]

They're high in more ways than one. Says my Suburban is worth $8400, original msrp was only $16900. Pretty sure it's lost more than 50% value.

It's one thing to say your truck is worth x amount, quite another finding someone willing to pay that amount.

 

[bucket]

They're high in more ways than one. Says my Suburban is worth $8400, original msrp was only $16900. Pretty sure it's lost more than 50% value.

Your right, it probably lost 75% or more. But it's started going back up in value in recent years. At least around here, people HAVE actually been paying more and more for the popular 70's-80's Chevrolet cars and trucks.

*edit* It deducted 10% off the value of an '88 Celebrity, because it had the optional V6?! WTF?