Get in writing from the dealer what he feels the car is worth, $850. Include the estimate for repairs in writing from the mechanic. Then let Medicaid figure out from the info you have provided what you will need to pay.
Full Answer
How do you determine a collector car’s market value?
A collector car’s market value is best determined by understanding supply and demand, by using historical sale prices or current asking prices on available inventory. For collector cars, 70% of classic and antique cars trade hands through private sales, 20% of sales occur through auctions and 10% go through dealerships.
Where can I estimate my car’s value online?
Here are some of the most popular sites: Kelley Blue Book, commonly abbreviated as KBB, is a leading online car value estimator. It uses details about your car, like the make, mileage, and color, to determine the value. If you’re thinking about selling your car, KBB will give you an instant cash offer based on the vehicle’s value.
How do I find an old car with a VIN number?
Locating an old car or truck you used to own can be a challenge with or without an accurate VIN. If you have a VIN or serial number, start your search by: Using a VIN check site that specializes in older vehicle databases.
How do I find the Kelley Blue Book value of my car?
Use Autotrader's used car valuation tool to find the Kelley Blue Book® Value of the car you'd like to sell or buy. Tell us what you plan to do. What is a Kelley Blue Book® Value? Tell us about the car.
What does "excellent" mean in classic car appraisal?
An important element of the classic car appraisal process is the “recently recorded public sales” of vehicles of the same make and model. These vehicles, known as “comps”, provide critical insight into the current market value of the vehicle.
What is an antique car?
Antique car values are appraised following their categorization into one of the following five classifications, ordered from lowest to highest value: Parts Cars: An undrivable vehicle with no functional value. These vehicles are used mainly for their parts which can be used to restore other cars.
What is a good car?
Good: A good car requires some restoration work to increase its market value. Very Good: A very good car is fully restored and is in good working condition. Fine: A fine car is a fully restored car in good condition that has retained many of its functional original equipment manufacturer (OEM) parts. Excellent: An excellent car is perfectly ...
Can an appraiser tell you how much a car is worth?
Although no one price estimator or appraisal tool can accurately tell you how much your vehicle is worth, they can provide a starting point in determining its market value. Using a combination of the price guides and valuation tools listed below, you can estimate your vehicle’s value—however, only a licensed appraiser can offer a truly precise ...
When did vehicles get their VIN number?
Since 1954, all vehicles made in the United States are assigned a vehicle identification number (VIN). In the first few decades of VIN assignment, the numbers themselves varied depending on the vehicle's manufacturer—there was no standard regarding length, character type, etc. Beginning with the production of vehicles model year 1981 and newer, ...
Why are older cars and trucks more risky?
Because older cars and trucks typically have a larger monetary value, the risk is often greater—especially if you don't have any way of knowing basic information of a car or truck's history.
