CAMARO IROC-Z
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CAMARO IROC-Z
I'm posting some further photos of my car (I hope) but, unfortunately, I will not be able to continue on this site. I designed the new 383 engine for my Camaro from scratch, starting with painting the engine bay. While Hagerty was impressed enough to appraise it for $47,600 even with the old chipped paint and complimented me on the meticulous detail, I find myself unable to navigate this site without getting extremely frustrated. I hope you enjoy the photos.
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Re: CAMARO IROC-Z
I'm going to be skeptical until I can hear more about this car. Is it super low mileage or one of the more rare Camaros? Your Camaro looks great (really!) but I don't see any dramatic alterations that would make me think it's worth that much. There are guys on this site with LS swapped Camaros that also look fabulous that get appraised by a well known service for mid 20 to 30K. Lately I've been getting the impression that some of these appraisal guys might be a little over zealous. A great example is BlueZee28 who had his car appraised at mid 20K but then could only sell it for half that. I wonder if I had your appraisal guy come appraise mine what would he say it's worth? Mid 50-60K?
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Re: CAMARO IROC-Z
I'm going to be skeptical until I can hear more about this car. Is it super low mileage or one of the more rare Camaros? Your Camaro looks great (really!) but I don't see any dramatic alterations that would make me think it's worth that much. There are guys on this site with LS swapped Camaros that also look fabulous that get appraised by a well known service for mid 20 to 30K. Lately I've been getting the impression that some of these appraisal guys might be a little over zealous. A great example is BlueZee28 who had his car appraised at mid 20K but then could only sell it for half that. I wonder if I had your appraisal guy come appraise mine what would he say it's worth? Mid 50-60K?
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#8
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Re: CAMARO IROC-Z
You can be skeptical all you want. That's what it was appraised at by the most reputable appraiser in my city. Hagerty is a reputable company and I'm sure they wouldn't vulue the car at that figure if they though it was not worth it. They have been doing this for more than a minute. The figure is their value plus tax. It doesn't mean that's what someone would pay for a particular car, it's what it's value is. Any car is worth whatever one person is willing to pay for it. Who cares if a car has an LS engine. Maybe it's an LS 1. Maybe it's a high mile rescue from a wreck. Who know's. If I wanted an LS in my car i'd have done that. The one in my Vette is fine, but I don't like looking at it more than my TPI 383, which makes more power than most LS except for the highest end models or supercharged or turbos. I have forged everything and could easily make over 600 if I supercharged it. I don't want to, but if I do I can. I don't care what other people got their cars appraised at. If they sold it for half the value, then they should have kept it instead of taking a bath, either way, they wouldn't be handling my portfolio. If someone likes something that costs $100.00 enough to pay $1000.00 for it, then that's what it's worth to that particular person on that day. Geuss they didn't like the car enough to pay what it was valued at. My car has lots that you can't see and I didn't show, regardless, the point wasn't the value of my car which I could care less about. That's just good business sense to have it properly insured. The point was that doing the car was esier than learning this site. The skeptic in you chose to make the value the point. Happy New Year to you and your family.
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Re: CAMARO IROC-Z
You've been on this site since 2011 and you may have noticed that most thirdgens are not worth that, most well done resto-mods may not even be worth half that. So when you claim your car is worth nearly $48,000 you peak my interest and I want to know more. A Monologue about different values, business sense, vettes and portfolios isn't helping to give me or any other member a frame of reference for what Camaros with what modifications with what dealer package located in what area of the world are worth. If my prior post came off as passive aggressive, well sorry. So please, give us the details on the car with some more pics. If you haven't noticed, good pics of well done thirdgens are like soft-core **** for us here.
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Re: CAMARO IROC-Z
I'm posting some further photos of my car (I hope) but, unfortunately, I will not be able to continue on this site. I designed the new 383 engine for my Camaro from scratch, starting with painting the engine bay. While Hagerty was impressed enough to appraise it for $47,600 even with the old chipped paint and complimented me on the meticulous detail, I find myself unable to navigate this site without getting extremely frustrated. I hope you enjoy the photos.
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Re: CAMARO IROC-Z
Thanks for sharing more photos. I don't know if you're using the mobile site or the full site, my experience has been that the full site is much better for starting threads and seeing more member information. The mobile site really sucks and I only use it to read New Posts or do basic text replies.
#13
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Re: CAMARO IROC-Z
This site is sooo much more than just eye candy, and "whats my car worth" there is so much help and knowledgeable members here willing to help out with the how to's or how do's. That's what makes this site great, you can just check out others with nice cars like yours or you could follow someone's build to see just how they got their car to this point. Since my car is a work in progress while driving, this site has been invaluable to help me with problems and how to correct them. Most of the threads on here people kinda dance around the values of our cars, very rarely do members want to tell you what your car is worth. If you post what you car is worth of course someone will question it. If you didn't want a reaction you should just leave the value of what someone else thinks out of the post. You have a beautiful car and should be proud of the work you have done. I would want the world to see this car if it was mine and wouldn't be worried of copy cats as that is the most sincere way of flattery.
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Re: CAMARO IROC-Z
BTW I love how you did your plenum. I did mine the opposite with red as the base and let the silver come through.
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Re: CAMARO IROC-Z
This site is sooo much more than just eye candy, and "whats my car worth" there is so much help and knowledgeable members here willing to help out with the how to's or how do's. That's what makes this site great, you can just check out others with nice cars like yours or you could follow someone's build to see just how they got their car to this point. Since my car is a work in progress while driving, this site has been invaluable to help me with problems and how to correct them. Most of the threads on here people kinda dance around the values of our cars, very rarely do members want to tell you what your car is worth. If you post what you car is worth of course someone will question it. If you didn't want a reaction you should just leave the value of what someone else thinks out of the post. You have a beautiful car and should be proud of the work you have done. I would want the world to see this car if it was mine and wouldn't be worried of copy cats as that is the most sincere way of flattery.
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Re: CAMARO IROC-Z
Hey bro. Thank you. I wanted to post more interior pics but I guess the limit for the thread was 10 pics. I'll try to do more interior only pics for you in another thread if you want. I love the gauges, but I do have to say that you are right. The 2 lower small gauges are a little hard to see with out moving your head a bit. I'm not sure why they didn't put them the opposite way, to the outer instead of the inner edges of the ponel. I think it has room and there is no obstruction there, but ive been to busy with the rest of the car to try to remedy that. They sell blank panels that you can put the gauges where you want but I think it will be hard to make the holes. Panel is just plastic. The gauges in the pic are not even the ones I use now. I changed to a black face gauge. I wanted the new engine to start at 0 so I got a new speedo and tach and will get the 4 small ones next month. again, I would have posted both with the before and after but was only allowed 10 pics. Overall I love the gauges though lol !!!!!!!!!!!! Have a Happy New Year bro!!!
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Re: CAMARO IROC-Z
It's different for sure lol. Getting a little more used to it now. Thank you bro. Happy New Year!!!!
#23
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Re: CAMARO IROC-Z
Hold up.. $48K value????? Did I read that right? I can see that from a low milage Firehawk or 88 89 low mileage 1LE but not a modified Iroc. I guess I should find your appraiser and have them come look my car over next month when I switch over to Hagerty.
Dont get me wrong, your car looks amazing and you did an awesome job modding it but I just dont see $48K here
Dont get me wrong, your car looks amazing and you did an awesome job modding it but I just dont see $48K here
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Re: CAMARO IROC-Z
Hold up.. $48K value????? Did I read that right? I can see that from a low milage Firehawk or 88 89 low mileage 1LE but not a modified Iroc. I guess I should find your appraiser and have them come look my car over next month when I switch over to Hagerty.
Dont get me wrong, your car looks amazing and you did an awesome job modding it but I just dont see $48K here
Dont get me wrong, your car looks amazing and you did an awesome job modding it but I just dont see $48K here
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Re: CAMARO IROC-Z
I find it odd that in the 3rd gen world so many people are really sensitive and vocal to prices/values that in their opinion are too high. It is almost like people are proud of how cheap and value depressed these cars have remained compared to 1st and 2nd gen cars?
I for one am all for your car being worth every bit of $47,600. About time the market value of the really nice cars reflects how great these cars can be. Just like in real estate there will always be price point precedents set as prices rise with market conditions and supply of quality examples. Unfortunately though, I think the majority of cars out there fall into the rough/crappy/beat examples. These will not appreciate on anywhere near the same trajectory as the super nice and low mile original cars.
Also, I am sure most people restoring a 3rd gen are finding really nice/perfect/NOS parts are getting harder and harder to find let alone for reasonable prices. As these parts continue to rise in value it becomes much more expensive to restore these cars - this will eventually also have an impact on the pricing of the really nice/mint cars.
I for one am all for your car being worth every bit of $47,600. About time the market value of the really nice cars reflects how great these cars can be. Just like in real estate there will always be price point precedents set as prices rise with market conditions and supply of quality examples. Unfortunately though, I think the majority of cars out there fall into the rough/crappy/beat examples. These will not appreciate on anywhere near the same trajectory as the super nice and low mile original cars.
Also, I am sure most people restoring a 3rd gen are finding really nice/perfect/NOS parts are getting harder and harder to find let alone for reasonable prices. As these parts continue to rise in value it becomes much more expensive to restore these cars - this will eventually also have an impact on the pricing of the really nice/mint cars.
#26
Re: CAMARO IROC-Z
First of all....Awesome Iroc!!!!!!!!!!!
As for the price/value, I think it's important for everyone to keep in mind the elusive definition of the word "value". My wife wears my great grandmother's 100 year old wedding diamond in her wedding ring. Sure, we have insured for "x" dollars, but there's really no price tag I can put on it. ....and the price of all the parts purchased in this Iroc can be tallied up to place value, or you can "value" it at what someone would pay.
Would it cost $35k or $40k, maybe $45k to start from scratch and remake this car? -I totally believe it. I bet I have $30k EASY in mine, and that's without paint! ...I can completely understand wanting that money in the event of a loss. That being said however, in this hobby, when we typically say "value", we typically mean what an expected sale price would be. Prices ARE going up, but right now, collectable and some rare optioned cars ARE going for that price, but not many custom/restomods.
In defense of the OP, he didn't specify exactly how and what led to any given price/value. Insurance value, sale value, parts value etc. No need to make a huge issue of it.
In defense of those who've questioned it, well, the OP did publicly list dollar value, and lots of us on TGO do track and discuss current market trends, so if you put it out there...it's GOING to be discussed.
Again, it's not about the money, and you've created an awesome example of what our cars can be! Great job!
As for the price/value, I think it's important for everyone to keep in mind the elusive definition of the word "value". My wife wears my great grandmother's 100 year old wedding diamond in her wedding ring. Sure, we have insured for "x" dollars, but there's really no price tag I can put on it. ....and the price of all the parts purchased in this Iroc can be tallied up to place value, or you can "value" it at what someone would pay.
Would it cost $35k or $40k, maybe $45k to start from scratch and remake this car? -I totally believe it. I bet I have $30k EASY in mine, and that's without paint! ...I can completely understand wanting that money in the event of a loss. That being said however, in this hobby, when we typically say "value", we typically mean what an expected sale price would be. Prices ARE going up, but right now, collectable and some rare optioned cars ARE going for that price, but not many custom/restomods.
In defense of the OP, he didn't specify exactly how and what led to any given price/value. Insurance value, sale value, parts value etc. No need to make a huge issue of it.
In defense of those who've questioned it, well, the OP did publicly list dollar value, and lots of us on TGO do track and discuss current market trends, so if you put it out there...it's GOING to be discussed.
Again, it's not about the money, and you've created an awesome example of what our cars can be! Great job!
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Re: CAMARO IROC-Z
First of all....Awesome Iroc!!!!!!!!!!!
As for the price/value, I think it's important for everyone to keep in mind the elusive definition of the word "value". My wife wears my great grandmother's 100 year old wedding diamond in her wedding ring. Sure, we have insured for "x" dollars, but there's really no price tag I can put on it. ....and the price of all the parts purchased in this Iroc can be tallied up to place value, or you can "value" it at what someone would pay.
Would it cost $35k or $40k, maybe $45k to start from scratch and remake this car? -I totally believe it. I bet I have $30k EASY in mine, and that's without paint! ...I can completely understand wanting that money in the event of a loss. That being said however, in this hobby, when we typically say "value", we typically mean what an expected sale price would be. Prices ARE going up, but right now, collectable and some rare optioned cars ARE going for that price, but not many custom/restomods.
In defense of the OP, he didn't specify exactly how and what led to any given price/value. Insurance value, sale value, parts value etc. No need to make a huge issue of it.
In defense of those who've questioned it, well, the OP did publicly list dollar value, and lots of us on TGO do track and discuss current market trends, so if you put it out there...it's GOING to be discussed.
Again, it's not about the money, and you've created an awesome example of what our cars can be! Great job!
As for the price/value, I think it's important for everyone to keep in mind the elusive definition of the word "value". My wife wears my great grandmother's 100 year old wedding diamond in her wedding ring. Sure, we have insured for "x" dollars, but there's really no price tag I can put on it. ....and the price of all the parts purchased in this Iroc can be tallied up to place value, or you can "value" it at what someone would pay.
Would it cost $35k or $40k, maybe $45k to start from scratch and remake this car? -I totally believe it. I bet I have $30k EASY in mine, and that's without paint! ...I can completely understand wanting that money in the event of a loss. That being said however, in this hobby, when we typically say "value", we typically mean what an expected sale price would be. Prices ARE going up, but right now, collectable and some rare optioned cars ARE going for that price, but not many custom/restomods.
In defense of the OP, he didn't specify exactly how and what led to any given price/value. Insurance value, sale value, parts value etc. No need to make a huge issue of it.
In defense of those who've questioned it, well, the OP did publicly list dollar value, and lots of us on TGO do track and discuss current market trends, so if you put it out there...it's GOING to be discussed.
Again, it's not about the money, and you've created an awesome example of what our cars can be! Great job!
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Re: CAMARO IROC-Z
I find it odd that in the 3rd gen world so many people are really sensitive and vocal to prices/values that in their opinion are too high. It is almost like people are proud of how cheap and value depressed these cars have remained compared to 1st and 2nd gen cars?
I for one am all for your car being worth every bit of $47,600. About time the market value of the really nice cars reflects how great these cars can be. Just like in real estate there will always be price point precedents set as prices rise with market conditions and supply of quality examples. Unfortunately though, I think the majority of cars out there fall into the rough/crappy/beat examples. These will not appreciate on anywhere near the same trajectory as the super nice and low mile original cars.
Also, I am sure most people restoring a 3rd gen are finding really nice/perfect/NOS parts are getting harder and harder to find let alone for reasonable prices. As these parts continue to rise in value it becomes much more expensive to restore these cars - this will eventually also have an impact on the pricing of the really nice/mint cars.
I for one am all for your car being worth every bit of $47,600. About time the market value of the really nice cars reflects how great these cars can be. Just like in real estate there will always be price point precedents set as prices rise with market conditions and supply of quality examples. Unfortunately though, I think the majority of cars out there fall into the rough/crappy/beat examples. These will not appreciate on anywhere near the same trajectory as the super nice and low mile original cars.
Also, I am sure most people restoring a 3rd gen are finding really nice/perfect/NOS parts are getting harder and harder to find let alone for reasonable prices. As these parts continue to rise in value it becomes much more expensive to restore these cars - this will eventually also have an impact on the pricing of the really nice/mint cars.
#29
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Re: CAMARO IROC-Z
Is your appraisal value in CAD? If so then that should put the value, in US dollars somewhere in the $35k range. And what's this tax value you mention that's been added into the total value? A cars appraisal value does not include taxes paid on parts to build it.
What do you value your TPIS intake at? They may be hard to find but it's not impossible.
What do you value your TPIS intake at? They may be hard to find but it's not impossible.
Last edited by BOTTLEDZ28; 01-05-2017 at 05:52 AM.
#34
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Re: CAMARO IROC-Z
I brought it up early on that the amount seemed high and I got the Holier than thou attitude so I forgot about about this thread. Now I see that it has picked up steam and I'm no longer alone in that opinion. I am assuming that the OP has an "Agreed upon Value" with Hagerty wherein Hagerty sends out a rep to make sure some clown doesn't insure some POS Camaro for $100,000 and then wrecks it for payment. It's also why the OP keeps saying that it includes sales tax. Hagerty agrees that the amount is within reason and insures it for that amount. As was stated the OP is insuring the car for the sum of all parts, not what the car is actually worth.
https://www.hagerty.com/articles-vid...value-coverage
What is the difference between Agreed Value and Stated Value Insurance coverage?
An Agreed Value policy (which is the same as Hagerty’s Guaranteed Value policy) guarantees the policy will pay the full insured amount of the vehicle, inclusive of all sales taxes – with no depreciation – in case of a covered total loss. A stated value policy (sometimes called stated amount or maximum limit of liability) does not promise upfront to pay this stated amount. In the event of a covered total loss, it may pay less than the stated amount, as the insurer has the right to pay the lesser of your collector car’s depreciated actual cash value (ACV) or its replacement cost. Also, many insurers that offer stated value policies require periodic appraisals to substantiate the insured amount, adding cost and inconvenience to the client.
There are three types of value related coverage offered in the auto insurance industry today:
Actual Cash Value: This is the coverage type found most often on homeowners policies. It pays out a depreciated, “book value” in the event of a claim. The older the vehicle on this kind of policy, the less value it has.
Stated Value: These policies are better than Actual Cash Value because they allow you to “state” a value for your boat greater than its depreciated book value. But, these policies can still depreciate vehicles, because they usually allow the insurance company to pay “up to’ the stated policy amount.
Agreed Value: Only Agreed Value polices guarantee you will get all of your insured value back in the event of a total loss. There is no depreciation of a vehicle’s value with an Agreed Value policy, although many companies will still apply a deductible in the case of a total loss. Hagerty Classic Auto Agreed Value policies waive the deductible in the event of a total loss.
https://www.hagerty.com/articles-vid...value-coverage
What is the difference between Agreed Value and Stated Value Insurance coverage?
An Agreed Value policy (which is the same as Hagerty’s Guaranteed Value policy) guarantees the policy will pay the full insured amount of the vehicle, inclusive of all sales taxes – with no depreciation – in case of a covered total loss. A stated value policy (sometimes called stated amount or maximum limit of liability) does not promise upfront to pay this stated amount. In the event of a covered total loss, it may pay less than the stated amount, as the insurer has the right to pay the lesser of your collector car’s depreciated actual cash value (ACV) or its replacement cost. Also, many insurers that offer stated value policies require periodic appraisals to substantiate the insured amount, adding cost and inconvenience to the client.
There are three types of value related coverage offered in the auto insurance industry today:
Actual Cash Value: This is the coverage type found most often on homeowners policies. It pays out a depreciated, “book value” in the event of a claim. The older the vehicle on this kind of policy, the less value it has.
Stated Value: These policies are better than Actual Cash Value because they allow you to “state” a value for your boat greater than its depreciated book value. But, these policies can still depreciate vehicles, because they usually allow the insurance company to pay “up to’ the stated policy amount.
Agreed Value: Only Agreed Value polices guarantee you will get all of your insured value back in the event of a total loss. There is no depreciation of a vehicle’s value with an Agreed Value policy, although many companies will still apply a deductible in the case of a total loss. Hagerty Classic Auto Agreed Value policies waive the deductible in the event of a total loss.
#35
Re: CAMARO IROC-Z
Agreed.
I have an "Agreed Value" Policy with Hagerty too. They told me I could go up to $20k without an in person appraisal of my requested value. ...and for the yearly premium, $20k worked out ok for me, so I had no in person appraisal. They just wanted about 5 pics of certain angles, interior, engine etc.
I highly doubt I could sell for $20k, and yet I have more than that invested. That being said, in the event of a total loss, $20k would get me back in the game without starting over.
I have an "Agreed Value" Policy with Hagerty too. They told me I could go up to $20k without an in person appraisal of my requested value. ...and for the yearly premium, $20k worked out ok for me, so I had no in person appraisal. They just wanted about 5 pics of certain angles, interior, engine etc.
I highly doubt I could sell for $20k, and yet I have more than that invested. That being said, in the event of a total loss, $20k would get me back in the game without starting over.
#36
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Re: CAMARO IROC-Z
As for the price/value, I think it's important for everyone to keep in mind the elusive definition of the word "value". My wife wears my great grandmother's 100 year old wedding diamond in her wedding ring. Sure, we have insured for "x" dollars, but there's really no price tag I can put on it.
#37
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Re: CAMARO IROC-Z
Id take a bone stock low mileage LB9 5spd or L98 car any day over this 47k car. It is nice but for 47k..Give me a break
#38
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Re: CAMARO IROC-Z
Apologies to the OP for the negative comments. You have a very nice build and your should be proud. I personally would not pay $47K either. Reason is I don't have it piling up in my bank that I can. If somebody has the money but not the know how, we have no idea what they would pay. I wonder what it would cost to duplicate what he has done by paying somebody.
My 75 Nova would no way be sold for 20K. But that is what I have it insured for, because that is what it would have taken years ago to replace. Probably way too low right now. My daughter's 84 Camaro would probably not be sold for 6K, but I have more than that in it and I have a lot more I could spend on it if I could.
I see everyday cars for sale for way more than I would pay. But then I look at my junk and think it's worth way more than what I would get.
That being said, would somebody please turn up the thermostat outside. I had to steal the battery out of my Nova to put in my work pickup to get to the office yesterday when the temp was 8 below!!!
My 75 Nova would no way be sold for 20K. But that is what I have it insured for, because that is what it would have taken years ago to replace. Probably way too low right now. My daughter's 84 Camaro would probably not be sold for 6K, but I have more than that in it and I have a lot more I could spend on it if I could.
I see everyday cars for sale for way more than I would pay. But then I look at my junk and think it's worth way more than what I would get.
That being said, would somebody please turn up the thermostat outside. I had to steal the battery out of my Nova to put in my work pickup to get to the office yesterday when the temp was 8 below!!!