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Used A4 Prices
In message <01IDZYOS62QQ8ZHCS7@delphi.com> AUDIDUDI@delphi.com writes:
> I just got off the phone with my credit union to see about financing the '85
> Ur-Q I recently bought for cash (the idea being to continue work on the race
> car project, the budget for which was spent buying the Ur-Q) ... anyway, I'm
> still trying to get over the shock: According to them, low book is $3,800 to
> $4,000 and high book is $7,000 (!) ...
The problem is with whoever writes the book. They probably have some sort of
double-declining balance spreadsheet and rarely benchmark their numbers against
the market. You're probably on the same equations used for sewage pumping
carts.
It's really up to your local quattro club to take this up for you against the
producers of such material. They should be able to present a case, based on
information from their members, in favour of a higher valuation. We've had few
problems in the UK with specialist insurers - some have even joined the club! I
don't see that secondhand value tables are any different from insurance
valuation tables - but you've got to get to the source. The problem is that
your credit union is treating it as a secondhand car - would they treat a 1930
Rolls any different?
An issue we _did_ have is the wide spread of values between "good" and "other"
ur-quattros - quite often 2:1 or more.
--
Phil Payne
phil@sievers.com
Committee Member, UK Audi [ur-]quattro Owners Club