Fully restored, rust free car - driven for 4 years as our daily driver - very good condition with everything working perfectly. Everything done, inside out and driven regularly. Additional work done to upgrade to an alternator, extra floor insulation (for freeway driving), new white walls and a chrome luggage rack.Very tidy little car, that is impossibly cute and a blast to drive.Selling because it is really not a good family car and our kids are too big to fit in it with us.
We will miss her.
Here is a copy of the inspection report from when we bought her -
APPRAISAL REPORT
OF
1958 Metropolitan Convertible
PREPARED FOR
Oska Truffaux
PREPARED BY
CLASSIC AUTO APPRAISER
A professional automobile valuation service for all types of vehicles
CLASSIC AUTO APPRAISER
170 Fisher Station Road, Durant, OK 74701~(817) 429-9998 (580) 931-0340 (214) 274-9205
___________________________________________________________________________
July 12, 2013
Oska Truffaux
(808) 258-1067 [email protected]
Dear Mr. Truffaux,
In compliance with your recent telephone request, I have appraised the above-referenced vehicle and I have enclosed the appraisal report, which constitutes my analysis and conclusion of the vehicle.
The stated market value as of July 12, 2013 is $19,000.00
Thank you very much for your business and if you should have any
questions please don’t hesitate to call.
Sincerely,
Don Shipman Classic Auto Appraiser
PURPOSE
PURPOSE AND SCOPE OF REPORT
The purpose of this report is to estimate the stated market value of the vehicle described herein as of the inspection date.
STATED MARKET VALUE DEFINED
The stated market value of the vehicle is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell, and by a buyer, being willing to buy, under no particular necessity for so doing, each dealing with the other full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available.
METHOD OF VALUATION
The value is estimated by current market data comparison supplemented by cost information. The vehicle is compared with others for sale and that have sold in the general time period. Adjustments are made for differences in equipment, mileage, cosmetics, sale terms and current economic conditions at the time of inspection.
ASSUMPTIONS AND LIMITING CONDITIONS
Information provided by the owners, parties to sales and others are assumed to be reliable although accuracy is not checked or guaranteed.
IDENTIFICATION AND DESCRIPTION OF VEHICLE AUTHORIZED APPRAISAL
This narrative is an attempt to determine a valuation as of the inspection date.
VEHICLE IDENTIFICATION:
VEHICLE MAKE: MODEL YEAR: MODEL:
BODY STYLE:
VIN NUMBER: LICENSE NUMBER: ODOMETER READING:
VEHICLE DESCRIPTION:
EXTERIOR COLOR: INTERIOR COLOR: EQUIPMENT: ENGINE AND TRANS;
Metropolitan 1958
Convertible E49737 N/A 54,593
Mardi Gras Red
Frost White with Black Houndstooth AM RADIO
1.5 Liter 4 Cylinder with 3 Speed Manual Transmission
INTERIOR INSPECTION
CLASSIC AUTO APPRAISER EXTERIOR INSPECTION
POOR FAIR GOOD V. GOOD EXCELLENT
BODY
X
PAINT
X
TRIM
X
X
EMBLEMS
X
FRONT BUMPER
X
REAR BUMPER
X
UNDERCARRIAGE
X
WHEELS
X
TIRES
X
GLASS
X
SEALS/W-STRIP
X
CONV. TOP
X
VINYL TOP N/A
HARD TOP N/A
POOR FAIR GOOD V. GOOD EXCELLENT
HEADLINER N/A
SEATS
X
DOOR PANELS
X
DASH PAD
X
INSTR. PANEL
X
X
REAR SHELF
X
INTERIOR TRIM
X
FLOORING
X
TRUNK/BED
X
ENGINE COMP.
X
STATEMENT OF APPRAISAL
The undersigned hereby declares that:
A physical inspection of the stated vehicle appraised was performed.
There is no undisclosed personal interest, presently or contemplated in the future, in the vehicle appraised or the proceeds to be derived there from.
Neither the employment nor the compensation for this report is contingent upon the value estimated herein.
To the best of my knowledge, the statements in this report are correct and the opinions stated are based on a full and fair consideration of all the available facts.
The findings reported herein will not be revealed to anyone other than the named recipient without permission or until required to do so by due process of law.
A copy of this appraisal report is kept in our files for a period of five years, together with original notes from which it was prepared.
The fee for the appraisal report is not contingent upon values reported.
No investigation of legal title to the appraised vehicle has been made and owners or tenant’s claim to the property has been assumed to be valid. No consideration has been given to liens or encumbrances that may be against the property except as specifically stated in the appraisal report.
The appraiser herein, by reason of this appraisal is not required to give testimony or attend court or any governmental hearing with reference to the property in question without prior agreement as to fee for additional services desired.
After having considered all the relevant factors, it is the opinion of the appraiser that the stated market value of the subject vehicle as of the inspection date is $19,000.
Respectfully submitted,
Don Shipman
CLASSIC AUTO APPRAISER
SUMMATION OF VALUE
Our conclusion as to dollar value is based on three or more of the following:
? The overall cosmetic and mechanical condition of the inspected vehicle
? The demand and available supply of comparables
? Dollar amounts indicated by the value guides
? The expertise of the appraiser
? Opinions of dealers who have handled the model in the past, and would market the vehicle currently
? Auction results listing actual sold cars or the highest dollar bid against an owner’s reserve
The appraised vehicle, appraised as noted is a very nice example
of a 1958 Metropolitan Convertible. .
Mechanically, the appraised vehicle is credited as performing with
no operational malfunctions and/or driving problems.
Additionally contained in this report are examples of comparables, when available, for sale at the marketplace. Asking prices fluctuate depending upon the overall cosmetic appearance and condition, originality, the mechanical history and performance, recorded mileage, and configuration of power train, options, and accessories.
Based upon the on-site inspection of this vehicle and with consideration for all the information and dollar amounts determined as relevant to this report, the appraiser has determined a stated market value of:
STATED MARKET VALUE: $19,000.00
The stated market value is the opinion of the appraiser and the management of Classic Auto Appraiser and is arrived at after careful study of information we consider reliable. However, we assume no responsibility for errors and/or omissions.
Collector Car Market Review Value Report
1958 METROPOLITAN
#5 #4 #3 #2 #1
2dr Convertible 1250 5200 8675 11525 19125
1958 Metropolitan (Nash-Hudson) Metropolitan 2 Door Convertible (AMC)
Original Low Average High MSRP Retail Retail Retail
Base Price $1,650 $6,075 $12,700 $20,000 TOTAL PRICE: $1,650 $6,075 $12,700 $20,000
