1971-Chevrolet-Chevelle-SS-454-136371R183752
Transcription
1971-Chevrolet-Chevelle-SS-454-136371R183752
1971 CHEVROLET CHEVELLE SS 454 LS5 1971 EXPERT AUTO APPRAISALS Vehicle Inspection Report 1971 Chevrolet Chevelle SS 454 LS5 VIN 136371R183752 Prepared for: Classic Rewind Motor Company LaMotte, IA Inspected and Appraised by: Chip Davis Expert Auto Appraisals P.O. Box 303 Jensen Beach, FL 34958 772.621.2622 561.307.2232 136371R183752 Expert Auto Appraisals P.O. Box 303 Jensen Beach, FL 34958 Fair Market Value Conclusion 1971 Chevrolet Chevelle SS 454 LS5 VIN 136371R183752 Mileage 84,482 Indicated To whom it may concern, In compliance with the recent request, we have appraised the above referenced vehicle. The above conclusion is the opinion of the appraiser after very carefully physically inspecting the vehicle and the market it is to be traded in. The appraisal inspection was performed on October 8, 2014 and the conclusion submitted on January 30, 2015. This purpose of this appraisal is to determine the vehicle’s Fair Market Value. The Fair Market Value of this vehicle on the dated is: $77,309 Thank you very much for your business, and if you should have any further questions, please do not hesitate to call. Regards, Chip Davis Expert Auto Appraisals P.O. Box 303 Jensen Beach, FL 34958 772.621.2622 561.307.2232 cell [email protected] 136371R183752 Purpose and Scope of Report Purpose The purpose of this document is to report to the customer the inspector’s opinion of the overall physical condition of the inspected vehicle as well as provide an accurate list of options and equipment featured on it. Diminished Value The diminished value of the vehicle is described as the estimated total amount of money that an automobile is estimated to have depreciated in value, due to a particular accident, mishap, event or circumstance. Fair Market Value The Fair Market Value of the vehicle is the highest price on the date of the evaluation that would be agreed to by a seller, being willing to sell. And a buyer, being willing to buy, and under no particular necessity for so doing, each dealing with others full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available. Replacement Value The replacement value of a vehicle is defined as the actual total cost of exactly duplicating the vehicle if it were subject to a total loss. In the case of a customized or modified vehicle this must also include the cost of obtaining an identical type of “donor” or “base” vehicle, the cost of obtaining all of the additional aftermarket and specialty components along with all labor costs incurred to replicate the loss vehicle. Fair Market Value Prior to Loss The Fair Market Value of the vehicle prior to loss is the highest price on that prior noted dated of valuation that would have been agreed to by a seller, being willing to sell, and a buyer, being willing to buy, and under no particular necessity for so doing, each dealing with others full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available immediately prior to the known loss date of that vehicle. 136371R183752 Method of Valuation The value is estimated by current market data comparison, supplemented by cost information. The vehicle is compared when possible, with others for sale and that have sold in the general time period. Adjustments are made for differences in equipment, mileage, cosmetics, conversions, originality, condition as well as sale terms and current economic conditions at time of sale. Assumptions and Limiting Conditions Information including, vehicle identification numbers, serial numbers, engine numbers, engine size, component serial numbers, color codes, paint codes, trim codes, component stampings, door tags, fender tags, cowl tags, date codes, badges, emblems, owner history and mileage information provided by the owners or parties to sell or others, or displayed on the appraised vehicle or components are assumed to be reliable, correct and truthful, as accuracy is not checked or guaranteed for originality or authenticity. Although Expert Auto Appraisals has an extensive library, we do not have direct access to specific manufactures records, log books, files, computer data bases, or other nonpublished information. Unless the client particularly asks for this in writing, and agrees to absorb any additional cost in obtaining, no such effort will be made in contacting manufactures, automotive groups historians, etc. in order to acquire such information. 136371R183752 1971 Chevrolet Chevelle SS 454 LS5 VIN 136371R183752 Mileage 84,482 Indicated Inspection and Appraisal Purpose The purpose of this appraisal is to determine the Fair Market Value and the authenticity of the vehicle noted in its current condition at time of inspection. The following components have been visually inspected and photographed. The Vehicle’s Details and Equipment The following driveline component castings and stampings have been inspected and photographed. Every component is correct by type, part number, and production / assembly date. The engine VIN stampings are original from the manufacture. Trim Tag 71-13637 706 05C 525 R32133 19 19 Block Casting Number 3963512 Block Casting Date B871 Engine Assembly Stamping T0507CPD Engine VIN Stamping 11R183752 Transmission VIN Stamping 11R183752 Rear End Assembly RUC 106 1 Rear End Casting Date D71 Intake Manifold Casting 3955287 Intake Manifold Casting Date D2871 Carburetor 7042902..not correct This decodes as a 1971 Chevrolet Chevelle SS 454 LS5 that completed production in the 3rd week of May 1971. The car was finished in Tuxedo Black (19). The interior is finished in Black Elk Vinyl Bucket Seats (706). The car was built with an TH400 Transmission, and the unit in the car is the original unit to the car. The engine block was cast on February 8, 1971 assembled on May 07,1971 as a 454 LS5 rated at 365 HP and is the original unit to the car. The rear axle was assembled as a 3.31:1 Positraction unit on April 16, 1971. The intake manifold is original to the car. The carburetor is not the original to the car. This is the original engine, transmission, and rear axle to the car. All supporting components such as intake, exhaust manifolds are correct to the car with the exception of the carburetor. 136371R183752 Vehicle Condition Overall Condition This is a restored 1971 Chevrolet Chevelle SS 454 LS5. The restoration when it was performed was very complete, and was done to a very high standard. The body off restoration was performed on an excellent example. The body on the car is excellent. The floors are excellent. The paint is excellent and perhaps, too good. All of the bright work is correct, original and refinished to a high standard. The engine compartment is very correct in appearance and highly detailed. The engine is the original to the car. The transmission is original to the car. The rear axle is original to the car. The frame is original to the car. The wheels are original SS 5 Spokes and all 5 are accounted for. All of the supporting components all appear to be original and complete. The interior is finished to the same quality as the rest of the car, everything works, and everything presents itself as new. The undercarriage is highly detailed and is fresh in appearance. The vehicle has had only a few miles driven since completion. The car was ran and driven during the inspection. Everything appeared to work as designed. Everything appeared to be in good operating condition. This is an example that is a solid #1 condition car. The car is finished in original colors, retains a numbers matching driveline, has buckets and console, and equipped with factory AC. This is a great example of a Chevelle SS 454, which is correct, has a build sheet, original driveline, finished to a very high standard, in great original colors. Very few of the peers to this car have been restored to this level. The quality of the restoration makes this car particularly interesting due to the cost of replicating. 136371R183752 Exterior Summary Component Poor Fair Average Good Very Good Excellent þ þ þ þ þ þ þ þ þ þ þ Body Paint Trim Emblems Front Bumper Rear Bumper Frame / Chassis Wheels Tires Glass Weather Stripping Interior Summary Component Poor Fair Average Good Very Good Excellent þ þ þ þ þ þ þ þ þ þ Engine Compartment Dash Instrument Panel Gauges Front Seats Rear Seats Door Panels Interior Trim Top / Headliner Carpets 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 136371R183752 Currently Available Comparable Vehicles Sold at Mecum Auctions Houston April 2012 $64,000 1971 Chevrolet Chevelle SS 454 CI, Automatic | Mecum Auctions 2/3/15, 9:51 AM LOT F379 // HOUSTON 2012 // APR 13-14 $64,000 1971 CHEVROLET CHEVELLE SS 454 CI, AUTOMATIC VIEW LOTS Friday Saturday Road Art Starters View All Lots Text List Auction Details COLLECTIONS From the Sterling McCall Old Car Museum Collection View » Engine 454 CI Trans Automatic Color Black Interior Black HIGHLIGHTS - Matching numbers - Complete frame-off rotisserie restoration - 2010 ISCA Championship Finalist Restored 5th place - Best in Class World of Wheels Kansas City - Best Restored World of Wheels Shreveport - Best Restored AutoRama Dallas - Best Restored World of Wheels New Orleans - 2009 Best of Show Stock Corvette Chevrolet Expo Houston - ISCA Championship Finalist Restored AuotRama Houston - Best Restored World of Wheels Abilene - Best Restored World of Wheels Shreveport - Outstanding Engine Restored AutoRama Dallas - 2008 Best in Class and Best Restored World of Wheels Omaha - Best in Class AutoRama San Antonio - Outstanding Interior Restored World of Wheels Wichita Falls Information found on the website is presented as advance information for the auction lot. Photos, materials for videos, descriptions and other information are provided by the consignor/seller and is deemed reliable, but Mecum Auction does not verify, warrant or guarantee this information. The lot and information presented at auction on the auction block supersedes any previous descriptions or information. Mecum is not responsible for information that may be changed or updated prior to the auction. The decision to purchase should be based solely on the buyers personal inspection of the lot at the auction site prior to the auction. https://www.mecum.com/lot-detail.cfm?lot_id=HA0412-124392 Page 1 of 2 136371R183752 Currently Available Comparable Vehicles Bid to at Mecum Auctions Indianapolis May 2014 $50,000 136371R183752 Currently Available Comparable Vehicles Bid at Mecum Auctions Harrisburg July 2014 $70,000 136371R183752 Currently Available Market Guide Data Hagerty Price Guides Condition 1 Value $73,700 136371R183752 Market Appraisal Summary This particular vehicle, a 1971 Chevrolet Chevelle SS 454 LS5 is considered to be one of last real SS Chevelle’s built. This vehicle has been restored to a very high standard and maintains original engine and correct mechanical components. The market on these cars is very established, however very few have traded in auctions in this condition. I have adjusted the values accordingly to properly reflect the vehicles current true market value with options original to the car, and condition as inspected. Make / Model 1971 Chevelle SS 454 LS5 1971 Chevelle SS 454 LS5 1971 Chevelle SS 454 LS5 1971 Chevelle SS 454 LS5 Averages Condition / Market Adjustment Condition / Market Adjustment Adjusted Fair Market Value Source Mecum Auctions Mecum Auctions Bonhams Auctions Hagerty Price Guides Average of #1 Condition Vehicles Original Build Sheet – Add 10% Factory AC – Add 10% Selling Price $64,000 $50,000 $70,000 $73,700 $64,425 $6,442 $6,442 $77,309 Based on information within the market at this time, I place the following fair market value, considering the exact vehicle, condition, equipment, color etc. Fair Market Value $77,309 136371R183752 Statement of Appraisal and other Limiting Conditions The undersigned hereby declares that: • A physical inspection of the stated vehicle was actually performed. • There is no undisclosed personal interest, presently or contemplated in the future, in the vehicle or the proceeds to be derived there from. • Neither the employment nor the compensation for this report is contingent upon the value estimated herein. • To the best of my knowledge, as noted under “Assumptions and Limiting Conditions” the statements in this report are correct and the opinions stated are based on a full and fair consideration of all the available facts. • The findings reported herein will not be revealed to anyone other than the named recipient without permission or until required to do so by process of law. • A copy of this report will be kept in our files for a period of five years, together with the original notes from which it was prepared. • The fee for this report is not contingent upon value or condition of the vehicle. • No investigation of legal title to the vehicle has been made and owner’s or tenants claim to the property has been assumed to be valid. No consideration has been given to liens or encumbrances that may be against the property except as specifically stated in the report. • In the event that our expertise is needed in any action, such as but not limited to court action, contact with a public agency, or involvement in any arbitration process (appraisal clause hearing), it will first require the consent of the appraiser. Should our appraiser / inspector be required to appear in connection with this report document, an additional minimum fee of $650 (Six Hundred fifty dollars) will be charged and is due prior to service. • Any required umpire fee is also due prior to any arbitration hearing. Due to the complex nature of this service and the number of parties involved, our appraiser does not accept responsibility for any delays incurred. For any travel greater than 25 miles from the appraisal location, separate and additional fees will be charged for and rental car, airfare, lodging, and additional travel expenses. • Additionally consultants, negotiations or other time related activities incurred in lieu of an appearance will be billed by our office at the $250 (Two hundred fifty dollars) per hour fee. Court time will be billed at this rate with a four hour minimum. 136371R183752 Appraisal Provisions and Stipulations • Unless noted or acknowledged elsewhere, the vehicle valuation and / or the physical condition report describes the condition of the vehicle as it was at the time of the inspection by the appraiser or inspector thereof, or, as described by the owner of record or the agent thereof as it appeared immediately prior to the noted loss. • This report only represents the areas of the vehicle that could be physically viewed at the time that the inspection actually took place including the and equipment described herein. • No disassembly or removal of any areas, bodywork, upholstery, trim, mechanical, electrical, or hydraulic components or computers and / or any other systems of the vehicle is performed during the inspection. • All specialized considerations that are deemed correct and relevant in the reporting for the noted appraised vehicle were taken. • This information reflects the reported and obtained information, pursuant to professional Appraisal industry standards and guidelines. • This report was prepared exclusively for the client of Expert Auto Appraisals and should only be used and / or referred to when completed in its entirety, and spiral bound by the appraiser / inspector. • The physical conditions as well as the options listed in this report area as noted at this time of the inspection. This report is accurate as of the inspection date only and does not reflect the condition or alterations to the equipment that may occur after the inspection or damage that may occur as a result of shipping and or abuse. • Every effort is made at the time of the inspection to determine the extent of any rust or body filler materials that may be present in the body, sheet metal or frame of the vehicle, it must be understood by the client / customer that without the total stripping of paint, under seal or undercoating as well as the physical cutting of sheet metal and frame materials it is impossible to completely know the total extent of any rust or body filler issues. After having considered all the relevant factors, it is the opinion of Expert Auto Appraisals that the Fair Market Value of the subject, as of the inspection date was: Seventy Seven Thousand Three Hundred and Nine Dollars $77,309 Respectfully submitted, Chip Davis Expert Auto Appraisals 136371R183752 Summation of Value Our opinion of the Fair Market Value is based on a combination of any of the following: • The overall cosmetic and mechanical condition of the vehicle. • The demand and available supply of comparable vehicle when available. • The adjusted value of somewhat similar vehicle advertised or recently sold. • Dollar amounts indicated by the published value guides. • Dollar amount indicated by on-line value guides. • The expertise of the inspector / appraiser. • The expertise of other appraiser and inspectors within our national network that might have been consulted for this assignment. • The expertise of other appraisers and inspectors that are fellow members of various credible automobile appraisal associations. • The expertise of a recognized expert of the particular type of vehicle appraised that might have been consulted for this assignment. • Expert Auto Appraisal’s extensive database of previous completed reports of similar vehicles. • Opinions of others who have handled similar models in the past, and market similar vehicles currently. • Physical auction results listing actual vehicles sold or the highest dollar amount bid against sellers reserve. • Online auction results such as EBay, listing actual vehicles sold or the highest bid amount against sellers reserve. • Extensive online research of that particular type of vehicle. • The consideration of receipts provided, as well as other expenses incurred in completing the appraised / inspected automobile or motorcycle. 136371R183752 Additional Notes Regarding the Summation of Value Mechanically, the appraised vehicle, as noted under “Additional Notes”, is assumed to perform with no operational malfunctions and or driving problems were on the inspection date, therefore, unless operational malfunctions and or driving problems were disclosed by owner / seller at the time of the inspection, no dollar amount was debited from the Fait Market or Replacement Value in order to compensate for the repair of such mechanical defects. Additionally contained in this report may be comparable vehicles available and or for sale in the market place. Asking prices and actual sale prices will fluctuate depending upon the overall cosmetic appearance and condition, originality, the mechanical history and performance, recorded mileage, configuration of power train, custom conversions, options and accessories. This report, when possible will adjust to compensate for those differences. The subject vehicle, at the time of this report, represented an Excellent example of a; 1971 Chevrolet Chevelle SS 454 LS5 Based upon the onsite inspection of this vehicle and with consideration for all the information and dollar amounts determined as relevant to this report, Expert Auto Appraisals has determined a Fair Market Value of this vehicle, at the time of the noted inspection date was: Seventy Seven Thousand Three Hundred and Nine Dollars $77,309 The fair market value is the opinion of Expert Auto Appraisals and is derived after careful study of information observed or supplied to us that we assume to be both accurate and reliable. As described under both the prior written “Assumptions and Other Limiting Conditions” and the “Appraisals Provisions and Stipulations”, we assume no responsibility for inaccuracies or errors. 136371R183752 About Expert Auto Appraisals Expert Auto Appraisals is owned and operated by Chip Davis in Jensen Beach, FL. Chip Davis has been in the business of valuation, inspection, and the trading of special interest vehicles since 1985. Working under the guidance of the great automotive historian, Eddie Phillips, Chip Davis was introduced to some of the rarest and most significant collector cars known to exist, while servicing clients throughout North America, Europe, South America, and Asia. Eddie taught Chip about these cars, but more importantly, the importance of having the resources to research vehicle specifics and market values. To this day, our alliances with dealers, clients, collectors, and enthusiasts of the vehicles we appraise and inspect are our most valued resource. Chip Davis went on to start the Expert Auto Group and Investment Motor Sports in 1989 which represented both buyers and sellers of special interest vehicles in the open market and large collector car auctions such as Barrett-Jackson, Mecum, and RM Auctions. Our services involve the inspection, valuation, and verification of some of the significant vehicles ever made. Our specialty has always been the verification of authenticity of high end collector vehicles, prior to sale. Sellers of these types of vehicles use our services as frequently as buyers. In recent years, our services have expanded to placing valuation on collections for legal matters, total loss claims due to accidents for insurance, custom motorcycles, and corporate fleet assessments. Our client list includes some of the largest names in the auto world. We have performed work for Insurance Companies including Farmers, State Farm, Geico Intact, and Allstate, Porsche Cars NA, Nascar Team Owners, Franchise Auto Dealers, Auction Houses, Attorney’s and countless private collectors throughout North America and Europe. Thank you for giving this opportunity to Expert Auto Appraisals for your vehicle appraisal or inspection needs. Regards, Chip Davis Expert Auto Appraisals P.O. Box 303 Jensen Beach, FL 34958 772.621.2622 561.307.2232 cell 136371R183752