Insurance value.

[rt63]

Can anyone tell me what the retail value is of a 1971 Dodge Challenger Rt.Recent ground up restoration,was a 383 now a 440 six pack.Heavily modified.Strong condition 2 car.Estimated hp 535 to 565.

 

[moparleo]

Unless the car is new or a late model, there is no retail value as the car is a one of a kind. Blue book or retail value is based on year/make/mileage of a non modified car. So this cars value for insurance purposes would be what it would cost to do build an exact duplicate of this car if stolen or destroyed. Now a retail market value will be different as it is based on desirability in todays market. It is worth whatever someone will give for it. So, for insurance you will need to go to a collector car insurance company and basically they will insure the car for whatever you both agree on, since the premiums will be based on the insured value.

 

[challenger6pak]

Great answer Leo. I wasn't sure where to start with ground up restoration and heavily modified being used to describe the same car.

 

[DetMatt1]

I agree, Well said Leo. Fine looking '71 btw.

 

[djais1801]

if you are looking for insurance coverage limit values, just make sure you can do an "agreed upon" value with the collector car insurance company you are working with.

As with anything else retail...it's worth what seller is willing to accept as a price and what buyer is willing to pay.

 

[Racer57]

You can establish what value you want. You'll pay extra for it though.

 

[mmissile]

Need a reputable appraisal in most cases for a modified car.

 

[djais1801]

Another good site to check out for info

http://www.cuda-challenger.com