Technical Tips > Post 84

valuation

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flyer:
HELP Please!!  My '78 Corvette is on the docks in Sydney awaiting customs clearance.  Because its a '78 car, there is a 15% duty and 10% GST on either the purchase price or market value.  I paid US$9500 about 2 years ago which converts to A$14, 275 which would attract taxes and duties of about A$3,800.  Because of the way the tax rules work, if the market valuation in Australia were less than about A$18,000 then I'd be better off.

So, my questions are:
(a) what are the odds of a licensed valuer in Australia actually knowing the market value of this car?  Does anyone know a knowledgable valuer?
(b) what is you guess as to the market value of an original '78 L82.  Brown in colour, about 90,000 original miles, engine needs a little work, body and interior generally in good condition for a daily driver.  Still LHD (and would need to be converted since its <30 years old)?

Any advice or thoughts?  As usual, thanks guys!

Allan

77CVT:
Your car (LHD) would be worth less than $18 000 easily!  I certainly wouldn't pay more than $15k no matter how good a condition it was in.

Cheers

Brutus:
Chris is right. LHD cars that need to be converted are not all that high up in the price range. Good luck.
Check out this 76Vette for a comparison on cost and condition.

Brutus:
As opposed to this 74 Vette

The White Knight:
Flyer I am a registered valuer & run a car yard your car wholesale is worth about 10- 12 thousand dollars with what is needed to do to it if you need a written value i can organise it for you.
       Regards Garry.
  PS any money we can save you from the government will be good.

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