WhoTF are these "appraisers"???
Posted via Topify on Android
These "appraisals" are for insurance purposes only (at least in Canada) and have absolutely nothing to do with market value. Problem is a lot of sellers ignore it when the appraiser tells them this or try to cash in on the general misconception by the car buying public that it is go$pel and based on the latest BJ auction results.
They are actually to determine how much an insurance company would have to spend to return a car to it's former condition should it be damaged. They are required by most "agreed upon value" type insurers here.
They are based in part on how hard it is to obtain new/used parts ie fenders and doors etc. C-bodies score pretty big numbers because there is no aftermarket support and chances are if you needed a usable rear quarter, door, front clip etc., for that car, it would have to be shipped in from AZ or some other far away dry place for $$$.
As for the price I'll say it again. If that car is in 29,000 mile looks like a 3 yr old car condition, you won't buy a project car and make it that pretty for less. Is a 66 SF with a poly "worth" $16K as in could you resell it for that? Not on a bet, but if your bucket list car is a SF and you want it in needs nothing, ready to enjoy condition, $16k on that car, is a good place to start haggling.
Kevin