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?

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!

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.

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

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

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, 201115 yr by balthazar

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

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)...

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

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

I'm just doing the research at this point.

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

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

Thanks for looking into it, Drew!

I'll be revisiting this soon.

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