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Like Jay Leno said in his video on his Pantera, this is the most undervalued car out there.
Just a side note, I just upped the coverage on our car to 65K, no worries from the insurance company. They just said OK.
Jeff
Just a side note, I just upped the coverage on our car to 65K, no worries from the insurance company. They just said OK.
Jeff
quote:Originally posted by OSOFAST:
I just upped the coverage on our car to 65K, no worries from the insurance company. They just said OK.
Jeff
Yup, just did the exact same thing 2 weeks ago.
-William
I just upped to $80K with my insurer. All they wanted was a current visual by my local agent.
As the owner of a 1972 DeTomaso Pantera, I am ALL for my car's monetary appreciation, ALTHOUGH, I would question a "$80,000.00" valuation, as I believe comparables would be DIFFICULT to obtain in an Apples to Apples comparison...Markquote:Originally posted by desert_detomaso:
I just upped to $80K with my insurer. All they wanted was a current visual by my local agent.
I guess I better up mine a little also...
Grundy upgraded mine to 85K on their own?
quote:Originally posted by duz185:
Article in Oct-14 Hemmings supports and graphs the Pantera price increase.
Might I inquire what the previous valuation was & the yearly premium "vs" the subsequent new valuation & premium?...Markquote:Originally posted by pantera chris:
Grundy upgraded mine to 85K on their own?quote:Originally posted by duz185:
Article in Oct-14 Hemmings supports and graphs the Pantera price increase.
quote:Originally posted by 1Rocketship:Might I inquire what the previous valuation was & the yearly premium "vs" the subsequent new valuation & premium?...Markquote:Originally posted by pantera chris:
Grundy upgraded mine to 85K on their own?quote:Originally posted by duz185:
Article in Oct-14 Hemmings supports and graphs the Pantera price increase.
I can say we were at $45k to $65k and the premiums went up $40.
Jeff
Mine went up a whopping $20/yr! 
quote:Originally posted by 1Rocketship:As the owner of a 1972 DeTomaso Pantera, I am ALL for my car's monetary appreciation, ALTHOUGH, I would question a "$80,000.00" valuation, as I believe comparables would be DIFFICULT to obtain in an Apples to Apples comparison...Markquote:Originally posted by desert_detomaso:
I just upped to $80K with my insurer. All they wanted was a current visual by my local agent.
A fellow PCNC member upped his coverage to $100K 2 years ago because he had a small accident that cost $50K to repair - the entire insured value of his car previously. Frankly, the insurance company wanted to total the car, but spending the $50K to repair it properly would net him a far superior car than he could have purchased at that time for $50K. Insurance companies typically want to 'total' a vehicle when repair estimates approach 70-80% of the vehicle's value, so he just made sure there was sufficient margin to properly fix his car should anything happen in the future.
Yikes! If I told my wife I had a "small" accident and the repair cost was only going to be $50,000, I would end up with a matching medical bill.
We would consider a small accident to be in the order of $3000-$5,000.
Good idea though...
-William
We would consider a small accident to be in the order of $3000-$5,000.
Good idea though...
-William
The values can be a double edged sword. I guess buying a second one is out of the question.
quote:Originally posted by garth66:quote:Originally posted by 1Rocketship:As the owner of a 1972 DeTomaso Pantera, I am ALL for my car's monetary appreciation, ALTHOUGH, I would question a "$80,000.00" valuation, as I believe comparables would be DIFFICULT to obtain in an Apples to Apples comparison...Markquote:Originally posted by desert_detomaso:
I just upped to $80K with my insurer. All they wanted was a current visual by my local agent.
A fellow PCNC member upped his coverage to $100K 2 years ago because he had a small accident that cost $50K to repair - the entire insured value of his car previously. Frankly, the insurance company wanted to total the car, but spending the $50K to repair it properly would net him a far superior car than he could have purchased at that time for $50K. Insurance companies typically want to 'total' a vehicle when repair estimates approach 70-80% of the vehicle's value, so he just made sure there was sufficient margin to properly fix his car should anything happen in the future.
This makes "No Sense" to myself.
A very NICE DeTomaso Pantera can be purchased in the $50,000.00 range.
What "small accident"/$50,000.00 can happen to a $50,000.00 DeTomaso Pantera, that doesn't TOTAL the car???!!!...Mark
Plus insurance companies are in the business to MAKE MONEY!!...I DON'T see them paying $100,000.00 for a Pantera, when COMPS WON'T support that valuation.
I believe ANY member would have a difficult time supporting a $100,000.00 valuation for their Pantera!!!, unless of course it was a RARE GT5.
Here's a "perfect example"...VERY NICE 1971 Pantera, "restored" can be BOUGHT for LESS than HALF of $100,000.00!!!...Mark
http://www.ebay.com/itm/Other-...70&pt=US_Cars_Trucks
What is very nice to one person is well not always the case. I see on this add a basic car and it is priced accordingly, but a well done car executed with style is worth much more, my engine is worth more than 25,000.00, insurance is cheep.
quote:Originally posted by duz185:
Article in Oct-14 Hemmings supports and graphs the Pantera price increase.