Need some help

[Camino LS6]

I have to put a value on my family's 1938 Dodge sedan and I'm having a hard time finding a range of value for it.

Any ideas?

[balthazar]

First thing I would look at was the Old Cars Price Guide, to at least ballpark it. The condition grades narrow thing down at least & hopefully get you evaluating realistically. I haven't checked into one in some years, but they've always run on the high side, traditionally.

After that, Hemmings & Old Car Trader for comps. Auction sights I would tend to avoid, except in the case of this vintage/ make/ model- you're not going to encounter a bidding war, necessarily, so I would think it safe to factor in.

Late '30s Dodge is not particularly sought after within the Dodge catalogue, and this market is still an unknown to me.

I would guess mid teens is in the ballpark.... but I have no real details on the car and you have to find the right buyer.

I can tell you in that pic above- it looks like a real sweetheart!

[Camino LS6]

Thanks, it is pretty good overall.

So far I've found two comps, one for $4,800, and one for $20,000.

My knee-jerk estimate was 7-10K.

I'll keep looking.

[Camino LS6]

So far it looks like I'm right on target:

http://www.nadaguides.com/Classic-Cars/1938/Dodge/D8/4-Door-Sedan/Values

[balthazar]

I see a pretty face & I can get gooshy.

Your estimate is probably right on the mark in today's market.

I saw 2 for right around $15K, but asking prices are not the same thing as market values.

Edited March 27, 2011 by balthazar

[Camino LS6]

Yeah, 15k is what a near-perfect car might fetch, ours isn't quite to that level.

Not far off, but not quite there.

I think I'll call it at $10,500

[GMTruckGuy74]

I hope putting a value on it does not = having to sell it. I remember seeing it parked in your mom's garage in '07 and thinking how cool it looked there. Trust me, I know all about selling something you love that you don't want to part with (SKY)...

[A Horse With No Name]

Agreed on not having to sell it...sweet car, dude!

[Camino LS6]

No decision has been made yet, but it's up to my mom.

I'm just doing the research at this point.

[Drew Dowdell]

Can you put up more pictures of it?

I got this back from Hemmings via twitter:

Hard to say from that pic. Probably $10k, maybe? RT @CheersnGears: What's your take on the value of this 1938 Dodge? http://bit.ly/dUPwlx

[Camino LS6]

I'll have to take some new ones - I don't have any more here.

[Camino LS6]

Thanks for looking into it, Drew!

[Camino LS6]

I'll be revisiting this soon.

[A Horse With No Name]

$10,500 is not a b ad number...