Hagerty Insurance "What's it Worth" features Z Cars

[Zrush]

Anyone who has Hagerty insurance get the little flyer? It features 2 Z cars in their "What's it Worth" section. Pretty cool to see our Z's comming up in the world:classic:

(I will note that the pictures should be switched)

Vicky

[beandip]

Anyone who has Hagerty insurance get the little flyer? It features 2 Z cars in their "What's it Worth" section. Pretty cool to see our Z's comming up in the world:classic:

(I will note that the pictures should be switched)

Vicky

I have Hagerty Ins . So what is your point ???:stupid:

[Zrush]

Well Gary, my point was that I thought it was kind of neat to see that the early Datsuns were gaining some recognition amongst the collector car scene. If you received the flyer and read the article, I'm sure my point would come across a little clearer maybe:stupid:

Vicky

[MikeW]

For those of us without Hagerty, well, "What's it worth?". My car is simply on my normal policy with an "agreed upon value" as determined by an appraisal. There are no limits like on some specialty policies. In fact, I drove the 240Z to work the last 8 days because my wife's car was in the shop and she needed my daily driver.

[Arne]

For those of us without Hagerty, well, "What's it worth?". My car is simply on my normal policy with an "agreed upon value" as determined by an appraisal. There are no limits like on some specialty policies. In fact, I drove the 240Z to work the last 8 days because my wife's car was in the shop and she needed my daily driver.

That's pretty much how I've always done my special cars. I don't normally even have an "agreed value" but instead just go with the appraisal. So when my restored 27 year-old MG had an incident of the animal kind (to the tune of $4500) they didn't say anything, just paid it.

But as noted above, I have no restrictions that way. Drive it daily, drive it 10,000 miles per year, whatever.

[zhead240]

i don't think we have hagerty in canada, but with my classic insurance there are two stipulations- no drive'n to work and no grocery shopping. i beleive they don't what you to leave your car in a parking lot unattended.

[2-4-T-Z-MAN]

Did anyone notice that they had the car models reversed? 240 with the 280 info and visa versa.

[xray]

This...thread....useless...without...article....please...scan!

Seriously--what did it say?

[26th-Z]

I have Hagerty on both the cars even though they are apart and in storage.

The article describes how a collector entry level British sports car is reaching $20,000 and people are starting to look at the early Japanese cars as good deals and it goes on to boast about how reliable the Datsuns are. It touches on roadsters as well. The two examples they give are a fairly modified 1971 and a stock 1978 with 35,000 miles. The '71 sold on eBay in July for $8,700 and the 280 sold at auction in October for $8,000. The comment on the '71 is that it could have reasonably sold for $2,500 more and the '78 may have been overpriced by $2,000. Then, they include a bar chart of relative values of the two vintages over a 20 year period. This is from:

"Prices are for cars in excellent condition. This information is provided courtesy of the Black Book and Cars of Particular Interet Value Guide. CPI is the guide most often used by credit unions to determine loan values of collectable domestic and imported cars. www.blackbookusa.com"

Forgive me DAT, for I have scanned

[26th-Z]

I don't think Black Book holds the same definition or standard for "excellent condition" as we do. As we have seen several early cars in excellent condition sell well above the $15,000 range in recent months, excellent condition might mean it simply runs and looks nice. The 280Z with less than 50,000 miles and original paint should have a higher value as well. Because the Black Book represents the interests of a loan institution, one might suspect what it is worth in terms of loan value or perhaps replacement value. Of course, true value is what someone is willing to pay at a specific time.

[DatsunZsRule]

Yep, that blue 280Z is sharp Not as nice as my baby though

[Carl Beck]

Hi Vicky, everyone:

1) The article is written by Keith Martin - he works for Sport Car Market Magazine. I agree with him - an all original, rust free, well cared for 78, with 32K miles, as described would sell for closer to $10K or $12K today. "IF" the seller had advertised it broadly, and waited for the right Buyer to come along. That might have taken a month or six months... So the seller gave up part of the value of the car in exchange for a quick cash sale.. The Buyer got a bargain in this case...

I had written him several weeks ago and stated that I thought his listed values for the Datsun 240-Z's in Sports Car Market's value guide was WAY TOO LOW today. Also gave him some recent sales figures for #1 and #2 cars.

Secondly - I had to laugh however when he wrote.. "With entry level British sports cars pushing $20,000".... In the Z Car Community we think of an entry level Z as being one that is driven daily... rode hard and put away wet!... with 200K + miles. Try to find a British sports car today that is driven daily by anyone (the thought cracks me up!!) ... Entry level British sports cars, are cars that have been all but fully restored by now... the truth is - there is no longer any such thing as an "entry level" British sports car in America.. OK you might find 1... and if it truly is entry level it will be a $3,500.00 to $4,500.00 basket case...

Most British sports cars are relatively rare however, because most of them went to the junk yards when they were 10 to 15 years old.

People don't decide to buy a Z because the British Sports Car they really wanted is now too expensive for them.... that thought is simply silly!!

FWIW,

Carl B.