Print this listing 1972 corvette convertible 2 tops great driverGreg's Classic Auto LLC.150 Golden DriveDurham, NC 27705Call Us Today(919) 383-2922Ask ForGregAsk Us A Question Vehicle DetailsYear: 1972Make: ChevroletModel: CorvetteVIN: 1Z67K2S501868Stock Number: gccgMileage: 31618Transmission: UnspecifiedEngine: 5.7 LExterior Color: RedInterior Color: BlackTitle: Clear Description 1972 corvette convertible 2 tops automatic , 350 all gauges, lights work perfectly car runs and drives better than any vette we ever drove here all new front end parts , brakes and exhaust Convertible top is in excellent shape as is the hard top Interior is as well excellent shape carpet is fine as well the worst part is the paint it looks good till you get ontop of it. i showed all the spots. if it was my car it deserves a paint job. the body is quite good . no cracks or damage just paint on top of paint . tires and wheels good car sits correctly really a great drive car for sure we put over 200 miles on the car and its tight and strats and runs excellent, no leaks, always starts very reliable would no be afraid to drive cross country below is a inspection report , a hard copy will be provided to the winner APPRAISAL REPORT 1972 Chevrolet Corvette Convertible PREPARED FOR:- Greg’s Classic Car Garage c/o Ben Walls A PROFESSIONAL VALUATION SERVICE FOR ALL TYPES OF VEHICLES . N.C. Auto Appraisal 5448 Apex Peakway #317 Apex, NC 27502 Phone: (919)-606-6720 ncautoappraisal.com A professional valuation service for all types of vehicles, 12/6/12 Greg’s Classic Car Garage 150 Golden Dr. Durham, NC. 27705, RE: APPRAISAL REPORT: 1972 Chevrolet Corvette Convertible To Whom It May Concern, In compliance with the recent request, we have appraised the above referenced vehicle. We have enclosed the appraisal report that constitutes our analysis and conclusion of the research completed on this classic vehicle. The Fair Market Value of this vehicle, at the time of the inspection was, $21900.00. Thank you very much for your business, and if you should have any further questions, please do not hesitate to call or email us. Very truly yours, Brian Manning, Owner/Appraiser N.C. Auto Appraisal PURPOSE AND SCOPE OF REPORT: PURPOSE The purpose of this report is to estimate the combined Fair Market Value of the classic vehicle described herein, at the time of the inspection. FAIR MARKET VALUE The Fair Market Value of the vehicle is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell, and a buyer, being willing to buy, under no particular necessity for so doing, each dealing with the others full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available. 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 N.C. Auto Appraisal has an extensive library, we do not have direct access to specific manufacturer’s records, log books, files, computer data bases or other non published 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 manufacturers, automotive groups, clubs, historians etc. in order to acquire such information. IDENTIFICATION AND DESCRIPTION OF VEHICLES AUTHORIZED APPRAISAL This narrative is an attempt to determine a valuation of this vehicle at the time of the inspection. INSPECTION DATE: 12/4/12 REPORT DATE: 12/6/12 INSPECTION LOCATION: Durham, NC. VEHICLE IDENTIFICATION: VEHICLE MAKE: Chevrolet MODEL YEAR: 1972 MODEL: Corvette BODY STYLE: Convertible VIN: 1Z67K2S5018688 LICENSE NUMBER: AFS-3136 TAG EXPIRATION DATE: 9 ‘13 ODOMETER READING: 31,618 OTHER ID: (If available) N/A VEHICLE DESCRIPTION EXTERIOR COLOR: Mille Miglia Red INTERIOR COLOR: Black EQUIPMENT: See ‘Equipment’ page EQUIPMENT Chrome front bumper, Power steering, 4 barrel carburetor, Aluminum valve covers, Painted block, 350 cubic inch engine, 8mm ignition wires, Power brake booster, Disc brakes, Automatic transmission, AM/FM/Cassette head unit, Black vinyl upholstered bucket seats, Black carpeting, Factory console, Black vinyl convertible top, Rally wheels, Dual exhaust, Chrome luggage rack, Chrome exhaust tips, Chrome rear bumper, Mille Miglia Red exterior paint. CONDITION REPORT EXTERIOR: POOR FAIR AVERAGE GOOD VERY GOOD EXCELLENT BODY: very good PAINT: fair TRIM: very good EMBLEMS: very good F. BUMPER: very good R. BUMPER: very good UNDERSIDE: very good FRAME: very good WHEELS: very good TIRES: very good SOFT TOP: very good HARD TOP: very good GLASS: very good W. STRIPPING: INTERIOR: VERY GOOD ENG. COMP.: fair DASH: very good INST. PANEL: very good STRG. COL.: very good F. SEATS: very good DOOR PANELS: very good INT. TRIM: very good CONSOLE: very good HEADLINER: N/A CARPETS: fair REAR SHELF: very good TRUNK: N/A ADDITIONAL COMMENTS: NOTES: At the time of the recent inspection, this 1972 Chevrolet Corvette Convertible represented an average overall example of this classic automobile. As noted on the prior option page, and as depicted on the many enclosed digital photographs, this Corvette is in good driver condition, but does need some upgrades to be considered a “show car”. This Corvette does need some body work as well as new paint to get closer to show car status. In addition to the noted condition, this Corvette has a desirable factory option package that included a convertible top, power steering and power brakes. A professionally restored automobile such as this one, even in these tough economic times is likely to appreciate in the 5% rate per annum. MECHANICAL: The Appraiser did not test drive the above vehicle, however, no deductions are included for operability. Rather, credit has been given for the vehicle reported performing with no operational defects except as noted. STATEMENT OF APPRAISAL & OTHER LIMITING CONDITIONS: The undersigned here by declares that: • A physical inspection of the stated vehicle appraised was indeed performed. • There is no undisclosed personal interest, presently or contemplated in the future, in the vehicle appraised 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 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 reported to us. • The findings reported herein will not be revealed to anyone other than the named recipient without permission or until required to do so by due process of the law. • A copy of this appraisal is kept in our files for a period of five years, together with the original notes from which it was prepared. • The fee for the appraisal is not contingent upon values reported. • No investigation of legal title to the appraised vehicle has been made and owners or tenant’s claim to the property has been assumed to be valid. No consideration has been given to liens or encumbrances which may be against the property except as specifically stated in the appraisal report. • In the event that our appraiser 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 be required to appear in connection with this report document, an additional minimum fee starting at $650.00 (Six hundred & fifty dollars) will be charged and is due for payment 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 outside of the Wake County Raleigh, N.C. region, separate and additional fees will be charged for any rental car, airline, lodging and any additional travel expense. • Additional consultations, negotiations or other time related activities incurred in lieu of an appearance will be billed by our office at the $200.00 (Two hundred dollars) per hour fee. APPRAISAL PROVISIONS AND STIPULATIONS • Unless noted or acknowledged elsewhere, the vehicle valuation and/or the physical damage report describes the condition of the appraised vehicle as it was at the time of the inspection by the appraiser or agent thereof, or as described by the owner of record or the agent thereof as it appeared immediately prior to the noted loss. • This appraisal document only represents only the areas of the vehicle that could be physically viewed when the inspection actually takes place, and of the components 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 by the appraiser 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 on the reported and obtained information, pursuant to professional Appraisal industry standards and guidelines set forth by the International Automotive Appraiser Association and the USAAP . • This report was prepared exclusively for the Client of N.C. Auto Appraisal, and should only be used and/or referred to when complete in its entirety, and spiral bound by the appraiser. After having considered all the relevant factors, it is the opinion of the appraiser that the Fair Market Value of the subject classic vehicle at the time of the inspection was; . ($21,900.00) Respectfully submitted, Brian Manning, N.C. Auto Appraisal For further information, please visit our website at ncautoappraisal.com SUMMATION OF VALUE Our conclusion as to the dollar value is based on the following:- • The overall cosmetic and mechanical condition of the appraised vehicle. • The demand and available supply of comparables. • Dollar amounts indicated by the value guides. • The expertise of the appraiser. • Opinions of others who have handled similar models in the past, and market similar vehicles currently. • Auction results listing actual cars sold or the highest dollar amount bid against owners reserve. The appraised vehicle, when inspected, represented an average overall example of a classic; 1972 Chevrolet Corvette Convertible . Mechanically, the appraised vehicle, as noted under ‘Additional Notes’, is credited as performing with no operational malfunctions and or driving problems, when last operated except as noted. Additionally contained in this report might be comparable available and for sale at the market place. Asking prices fluctuate depending upon the overall cosmetic appearance and condition, originality, the mechanical history and performance, recorded mileage, configuration of powertrain, custom conversions, options and accessories. Based upon the on-site inspection of this classic automobile and with consideration for all the information and dollar amounts determined as relevant to this report, the appraiser has determined a Fair Market Value as the recent inspection date; (twenty one thousand nine hundred dollars) ($21,900.00) The Fair Market Value is the opinion of the appraiser, the staff and the management of NC Auto Appraisal and is arrived 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 ‘Appraisal Provisions and Stipulations’, we assume no responsibility for inaccuracies or errors. N.C. Auto Appraisal 5448 Apex Peakway #317 Apex, N.C. 27502 Website; ncautoappraisal.com Ph. (919) 606-6720, email; info@ncautoappraisal.com A professional valuation service for all types of vehicles ABOUT N.C. AUTO APPRAISAL: Founded by Brian Manning, Mr. Manning has been associated with various facets of the auto industry for over 20 years. During this period Mr. Manning has gained a wealth of diversified information and experience from all kinds of hobbies, careers, pursuits and personal goals affiliated with automobiles. Brian Manning began his automotive career as a service station attendant at a prominent station in New Jersey. While working for this station, Mr. Manning was trained on several different methods of vehicle maintenance as well as many facets of mechanical repair. Mr. Manning’s next automotive venture was at a Lincoln-Mercury dealership. Brian was responsible for detailing new vehicles for delivery, as well as performing maintenance on the high line pre-owned inventory. After completion of his college degree, Mr. Manning pursued a career with a major rental car agency. As he advanced through the company through various promotions, Mr. Manning moved into the vehicle remarketing department. Brian was involved in the wholesale vehicle market for over 14 years, and appraised thousands of cars in each of those years. Throughout his time in this arena, Mr. Manning has trained many different employees on appraisal methods and techniques. In addition, Mr. Manning has extensive vehicle auction experience which includes both purchasing and selling large volumes of vehicles. Mr. Manning also has a vast knowledge of damaged and salvage vehicles and has sold and reviewed estimates of numerous vehicles throughout those 14 years. Brian Manning is a licensed appraiser in the state of North Carolina through the North Carolina Department of Insurance. Due to his knowledge and passion for the custom and classic vehicle industry, Mr. Manning continued to increase his automotive knowledge. Brian Manning was trained to appraise classic and custom vehicles by Jeff Hyman. Jeff Hyman is based in Southern California and has appraised many vehicles for Boyd Coddington, Chip Foose and Barry White and is highly respected throughout the industry. Mr. Manning has also been trained by and is a member of the International Automotive Appraisers Association. Brian also is a member of the N.A.D.A. advisory board and is utilized for input and information for use in their guidebooks. Brian has experience as a car show judge and is often sought after to perform these duties for a number of different vehicle events. In addition, Brian has been interviewed to share his appraisal expertise on the nationally syndicated radio show “Car Concerns”. Mr. Manning has appraised cars for members of NASCAR as well as CEO’s and presidents of major companies. Vehicles have been Brian’s passion throughout his entire life. From a very young age, cars have been an integral part of his life and the enthusiasm for all things automotive still continues today. Due to the strong interest that Mr. Manning has had for this hobby and business, he has collected and restored many different classic vehicles. Additional Photos Terms & ConditionsTransaction is to be COMPLETED within 5 Days of AUCTION END. A 500.00 Deposit is due within 24-Hours of AUCTION END.If deposit is not received within 24-Hours, this auction contract is considered NULL and VOID. you will be charged for relisting fee of 95.00 A Non-Paying Bidder claim will be filed and NEGATIVE FEEDBACK left to bidder's account.Shipping costs and any liabilities are the responsibility of the winning bidder. We can and will assist in all transportation needs. We only suggest insured and bonded companies.Greg's Classic Auto LLc reserves the right to CANCEL or END THE AUCTION EARLY at any time.Greg's Classic Auto, LLC might be acting as an agent for the owner of this item. When we are providing a service to a person or company wishing to sell a vehicle. The description has come directly from the owner, and we are not reponsible for any originality or numbers matching statements. We will do our best to verify all information and documentation given to us.IF We are not in possession of this vehicle. The sellers have given Greg's Classic Auto, LLC. a commitment to leave the vehicle available for sale only to the successful auction winner.Total price excludes all taxes, title/documentary fees, registration, tags, insurance and finance charges all soley responsible buy the new owner. In most cases, financing is available. We have over 15 years of experience and take our job very seriously. You are responsible for all taxes and registration fees.Please contact Gregs Classic Auto, LLC for more informationPAYMENT: Certified Funds, Bank Wire, Money Order, or eCheck Via Pay Pal. **We would like to recommend www.jjbest.com for all your financing needs on classics and cars of particular interest. You can be approved in 5 minutes.**J.J. Best**Your Bid is LEGAL and BINDING. Please Bid Responsibly**This vehicle is being sold as is, where is with no warranty, expressed written or implied. The seller will not be responsible for the correct description, authenticity, genuineness, or defects herein, and makes no warranty in connection therewith. No allowance or set aside will be made on account of any incorrectness, imperfection, defect or shipping damage. Any descriptions or representations are for identification purposes only and are not to be construed as a warranty of any type. It is the responsibility of the buyer to have thoroughly inspected the vehicle, and to have satisfied himself or herself as to the condition and value and to bid based upon that judgment solely. The seller shall and will make every reasonable effort to disclose any known defects associated with this vehicle at the Buyer's request prior to the close of sale. Seller assumes no responsibility for any repairs regardless of any oral statements about the vehicle. About Us Thank you for visiting our about me page. We appreciate your interest in our vehicles. If you would like to view our complete inventory, please click here.See our other listingsDisclaimer: This auction is a legally binding contract to buy this vehicle. All vehicles are sold as-is unless otherwise specified. I have done my best to accurately describe this vehicle. It is up to the buyer to come see and further inspect the car before the end of the 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corvette convertible 2 tops great driverYear1972MakeChevroletModelCorvetteVIN1Z67K2S501868Stock NumbergccgMileage31618TransmissionUnspecifiedEngine5.7 LExterior ColorRedInterior ColorBlackTitleClear
1972 corvette convertible 2 tops
automatic , 350
all gauges, lights work perfectly
car runs and drives better than any vette we ever drove here
all new front end parts , brakes and exhaust
Convertible top is in excellent shape as is the hard top
Interior is as well excellent shape
carpet is fine as well
the worst part is the paint it looks good till you get ontop of it. i showed all the spots. if it was my car it deserves a paint job. the body is quite good . no cracks or damage just paint on top of paint .
tires and wheels good
car sits correctly
really a great drive car for sure we put over 200 miles on the car and its tight and strats and runs excellent, no leaks, always starts very reliable
would no be afraid to drive cross country
below is a inspection report , a hard copy will be provided to the winner
APPRAISAL REPORT
1972 Chevrolet Corvette Convertible
PREPARED FOR:-
Greg’s Classic Car Garage
c/o Ben Walls
A PROFESSIONAL VALUATION SERVICE FOR ALL TYPES OF VEHICLES
.
N.C. Auto Appraisal
5448 Apex Peakway #317
Apex, NC 27502
Phone: (919)-606-6720
ncautoappraisal.com
A professional valuation service for all types of vehicles,
12/6/12
Greg’s Classic Car Garage
150 Golden Dr.
Durham, NC. 27705,
RE: APPRAISAL REPORT: 1972 Chevrolet Corvette Convertible
To Whom It May Concern,
In compliance with the recent request, we have appraised the above referenced vehicle.
We have enclosed the appraisal report that constitutes our analysis and conclusion of the research
completed on this classic vehicle.
The Fair Market Value of this vehicle, at the time of the inspection was,
$21900.00.
Thank you very much for your business, and if you should have any further questions, please do not
hesitate to call or email us.
Very truly yours,
Brian Manning,
Owner/Appraiser N.C. Auto Appraisal
PURPOSE AND SCOPE OF REPORT:
PURPOSE
The purpose of this report is to estimate the combined Fair Market Value of the classic vehicle
described herein, at the time of the inspection.
FAIR MARKET VALUE
The Fair Market Value of the vehicle is the highest price on the date of valuation that would be
agreed to by a seller, being willing to sell, and a buyer, being willing to buy, under no particular
necessity for so doing, each dealing with the others full knowledge of all the uses and purposes for
which the property is reasonable, adaptable and available.
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 N.C. Auto Appraisal has an extensive library, we do not have direct access to specific
manufacturer’s records, log books, files, computer data bases or other non published 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 manufacturers, automotive groups, clubs,
historians etc. in order to acquire such information.
IDENTIFICATION AND DESCRIPTION OF VEHICLES AUTHORIZED
APPRAISAL
This narrative is an attempt to determine a valuation of this vehicle at the time of the inspection.
INSPECTION DATE: 12/4/12
REPORT DATE: 12/6/12
INSPECTION LOCATION: Durham, NC.
VEHICLE IDENTIFICATION:
VEHICLE MAKE: Chevrolet
MODEL YEAR: 1972
MODEL: Corvette
BODY STYLE: Convertible
VIN: 1Z67K2S5018688
LICENSE NUMBER: AFS-3136
TAG EXPIRATION DATE: 9 ‘13
ODOMETER READING: 31,618
OTHER ID: (If available) N/A
VEHICLE DESCRIPTION
EXTERIOR COLOR: Mille Miglia Red
INTERIOR COLOR: Black
EQUIPMENT: See ‘Equipment’ page
EQUIPMENT
Chrome front bumper,
Power steering,
4 barrel carburetor,
Aluminum valve covers,
Painted block,
350 cubic inch engine,
8mm ignition wires,
Power brake booster,
Disc brakes,
Automatic transmission,
AM/FM/Cassette head unit,
Black vinyl upholstered bucket seats,
Black carpeting,
Factory console,
Black vinyl convertible top,
Rally wheels,
Dual exhaust,
Chrome luggage rack,
Chrome exhaust tips,
Chrome rear bumper,
Mille Miglia Red exterior paint.
CONDITION REPORT
EXTERIOR:
POOR FAIR AVERAGE GOOD VERY GOOD EXCELLENT
BODY:
very good
PAINT:
fair
TRIM:
very good
EMBLEMS:
very good
F. BUMPER:
very good
R. BUMPER:
very good
UNDERSIDE:
very good
FRAME:
very good
WHEELS:
very good
TIRES:
very good
SOFT TOP:
very good
HARD TOP:
very good
GLASS:
very good
W. STRIPPING:
INTERIOR:
VERY GOOD
ENG. COMP.:
fair
DASH:
very good
INST. PANEL:
very good
STRG. COL.:
very good
F. SEATS:
very good
DOOR PANELS:
very good
INT. TRIM:
very good
CONSOLE:
very good
HEADLINER:
N/A
CARPETS:
fair
REAR SHELF:
very good
TRUNK:
N/A
ADDITIONAL COMMENTS:
NOTES:
At the time of the recent inspection, this 1972 Chevrolet Corvette Convertible represented an
average overall example of this classic automobile.
As noted on the prior option page, and as depicted on the many enclosed digital photographs,
this Corvette is in good driver condition, but does need some upgrades to be considered a
“show car”. This Corvette does need some body work as well as new paint to get closer to
show car status.
In addition to the noted condition, this Corvette has a desirable factory option package that
included a convertible top, power steering and power brakes.
A professionally restored automobile such as this one, even in these tough economic times is
likely to appreciate in the 5% rate per annum.
MECHANICAL:
The Appraiser did not test drive the above vehicle, however, no deductions are included for
operability. Rather, credit has been given for the vehicle reported performing with no operational
defects except as noted.
STATEMENT OF APPRAISAL & OTHER LIMITING CONDITIONS:
The undersigned here by declares that:
•
A physical inspection of the stated vehicle appraised was indeed performed.
•
There is no undisclosed personal interest, presently or contemplated in the future, in the
vehicle appraised 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 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 reported to us.
•
The findings reported herein will not be revealed to anyone other than the named
recipient without permission or until required to do so by due process of the law.
•
A copy of this appraisal is kept in our files for a period of five years, together with the
original notes from which it was prepared.
•
The fee for the appraisal is not contingent upon values reported.
•
No investigation of legal title to the appraised vehicle has been made and owners or
tenant’s claim to the property has been assumed to be valid. No consideration has been
given to liens or encumbrances which may be against the property except as specifically
stated in the appraisal report.
•
In the event that our appraiser 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 be required to appear in connection with this report document, an additional
minimum fee starting at
$650.00 (Six hundred & fifty dollars) will be charged and is
due for payment
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 outside of the Wake County
Raleigh, N.C. region, separate and additional fees will be charged for any rental car,
airline, lodging and any additional travel expense.
•
Additional consultations, negotiations or other time related activities incurred in lieu of
an appearance will be billed by our office at the
$200.00 (Two hundred dollars) per
hour fee.
APPRAISAL PROVISIONS AND STIPULATIONS
•
Unless noted or acknowledged elsewhere, the vehicle valuation and/or the physical damage
report describes the condition of the appraised vehicle as it was at the time of the inspection
by the appraiser or agent thereof, or as described by the owner of record or the agent thereof
as it appeared immediately prior to the noted loss.
•
This appraisal document only represents only the areas of the vehicle that could be
physically viewed when the inspection actually takes place, and of the components 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
by the appraiser 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 on the reported and obtained information, pursuant to professional
Appraisal industry standards and guidelines set forth by the
International Automotive
Appraiser Association
and the USAAP .
•
This report was prepared exclusively for the Client of N.C. Auto Appraisal, and should only
be used and/or referred to when complete in its entirety, and spiral bound by the appraiser.
After having considered all the relevant factors, it is the opinion of the appraiser that the Fair
Market Value of the subject classic vehicle at the time of the inspection was;
.
($21,900.00)
Respectfully submitted,
Brian Manning,
N.C. Auto Appraisal
For further information, please visit our website at ncautoappraisal.com
SUMMATION OF VALUE
Our conclusion as to the dollar value is based on the following:-
•
The overall cosmetic and mechanical condition of the appraised vehicle.
•
The demand and available supply of comparables.
•
Dollar amounts indicated by the value guides.
•
The expertise of the appraiser.
•
Opinions of others who have handled similar models in the past, and market similar
vehicles currently.
•
Auction results listing actual cars sold or the highest dollar amount bid against owners
reserve.
The appraised vehicle, when inspected, represented an average overall example of a classic;
1972
Chevrolet Corvette Convertible
.
Mechanically, the appraised vehicle, as noted under ‘Additional Notes’, is credited as performing
with no operational malfunctions and or driving problems, when last operated except as noted.
Additionally contained in this report might be comparable available and for sale at the market
place. Asking prices fluctuate depending upon the overall cosmetic appearance and condition,
originality, the mechanical history and performance, recorded mileage, configuration of powertrain,
custom conversions, options and accessories.
Based upon the on-site inspection of this classic automobile and with consideration for all the
information and dollar amounts determined as relevant to this report, the appraiser has determined a
Fair Market Value as the recent inspection date;
(twenty one thousand nine hundred dollars)
($21,900.00)
The Fair Market Value is the opinion of the appraiser, the staff and the management of
NC Auto Appraisal
and is arrived 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 ‘Appraisal Provisions and Stipulations’,
we assume no responsibility for inaccuracies or errors.
N.C. Auto Appraisal
5448 Apex Peakway #317 Apex, N.C. 27502 Website; ncautoappraisal.com
Ph. (919) 606-6720, email; info@ncautoappraisal.com
A professional valuation service for all types of vehicles
ABOUT N.C. AUTO APPRAISAL:
Founded by Brian Manning, Mr. Manning has been associated with various facets of the auto industry for over 20
years. During this period Mr. Manning has gained a wealth of diversified information and experience from all kinds of
hobbies, careers, pursuits and personal goals affiliated with automobiles.
Brian Manning began his automotive career as a service station attendant at a prominent station in New Jersey. While
working for this station, Mr. Manning was trained on several different methods of vehicle maintenance as well as many
facets of mechanical repair.
Mr. Manning’s next automotive venture was at a Lincoln-Mercury dealership. Brian was responsible for detailing new
vehicles for delivery, as well as performing maintenance on the high line pre-owned inventory.
After completion of his college degree, Mr. Manning pursued a career with a major rental car agency. As he advanced
through the company through various promotions, Mr. Manning moved into the vehicle remarketing department. Brian
was involved in the wholesale vehicle market for over 14 years, and appraised thousands of cars in each of those years.
Throughout his time in this arena, Mr. Manning has trained many different employees on appraisal methods and
techniques.
In addition, Mr. Manning has extensive vehicle auction experience which includes both purchasing and selling large
volumes of vehicles. Mr. Manning also has a vast knowledge of damaged and salvage vehicles and has sold and
reviewed estimates of numerous vehicles throughout those 14 years.
Brian Manning is a licensed appraiser in the state of North Carolina through the North Carolina Department of
Insurance.
