<VV> Was 1965 Monza; Now Old Car Price Guide

[J. R. Read]

Hi Doc,

I'll speak to some of the other points when I have more time.

For the moment, I'd just like to clarify one thing.  On the OCPG listing - it is for the car in question - $7430 PLUS 20% or just under $9,000 as the suggested retail value.

Later, JR
  ----- Original Message ----- 
  From: RoboMan91324 at aol.com 
  To: virtualvairs at corvair.org ; hmlinc at sbcglobal.net ; joelewis33 at cox.net 
  Sent: Sunday, March 23, 2014 11:53 AM
  Subject: Was 1965 Monza; Now Old Car Price Guide 


  J. R. and Joe,

  You said that the OCPG is not a bible and I would like to elaborate.

  I haven't used the OCPG in years because I haven't bought or sold a car in years but I assume the publication hasn't changed that much.  So, 3 points.

  1.  For the most part, the OCPG is a seller's tool.  I have found that it consistently overstates the value of cars in every level of restoration.  This excludes cars that have been "over" restored if that is what you are looking for.  I have never, ever paid anywhere close to the estimated price in the OCPG and this isn't because I am a super negotiator.  Again, this opinion is based on past experience but the present day OCPG may have become more realistic since I last used it.  Maybe others here on VV can weigh in.

  2.  In the past, when faced with a seller with the OCPG in-hand, I found that they were sometimes optimistic about which category their car was in.  This is the old double whammy where you are faced with both the inflated values in the publication and the owner's inflated view of his car's condition.  This could be the normal optimism a seller has when viewing his "baby" or it could be a negotiating ploy.  Either way, it could be difficult to bring the seller down to a reasonable price when he has what he believes or hopes to be "proof" of the inflated value of his car.

  3.  I don't recall if OCPG has regional editions but values of cars are different in different areas of the country.  Here in SoCal, cars survive longer than in New England, for example.  A true Class 2 car in NE would be more valuable than one in that condition here because of the "law of supply and demand."  If the OCPG is standard across the nation, the stated values should be adjusted depending on where you are.

  If the car is a Class 3 at a stated value of $7430 in OCPG, my opinion is that it has lower value than that for the reasons stated above.  If the owner has set a starting price at $10,500, it may be a tough negotiation getting it to the OCPG price much less below it.

  The fact that the owner pointed out the flaws is great. assuming he was doing it honestly.  I always do this when selling a car for several reasons.  First, it saves time.  Second, it tells the buyer that the price was set with full knowledge of the faults and his pointing them out is not a negotiating point.  Third, it minimizes the risk of an unhappy buyer after-the-fact when he finds some faults he didn't notice when he made an offer.

  By the way, I have been lucky in the past that the "cocktail shakers" were in the ragtops I have owned.  However, I understand that they are quite difficult to come by which means they are costly.  You should check into this.

  Good luck,

  Doc
  1960 Corvette, 1961 Rampside, 1962 Rampside, 1964 Spyder coupe, 1965 Greenbrier, 1966 Canadian Corsa turbo coupe, 1967 Nova SS, 1968 Camaro ragtop
  ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
  In a message dated 3/23/2014 8:44:08 A.M. Pacific Daylight Time, virtualvairs-request at corvair.org writes:
    Message: 2
    Date: Sun, 23 Mar 2014 01:00:29 -0500
    From: "J. R. Read" <hmlinc at sbcglobal.net>
    Subject: Re: <VV> 1965 Monza convertible
    To: "Joe Lewis" <joelewis33 at cox.net>,    <virtualvairs at corvair.org>
    Message-ID: <65B5867741F54CCB84F6626AA2586424 at jrd5ed88692d59>
    Content-Type: text/plain; format=flowed; charset="Windows-1252";
        reply-type=original

    Joe,

    I'm back home now and have a better monitor to view.  Also, today the Old Car Price Guide arrived.  It says that a '65 Monza Vert in class 3 condition is valued at $7,430 PLUS add 20% for the 140hp engine.  From what I can tell in the pictures, I'd suspect that it will fall into the class 3 category once you get up close and personal with it.

    The 13 inch tires have become hard to find, so the larger wheels might be a blessing in disguise.

    PS - OCPG is NOT a bible, just a guideline.

    Later, JR


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