1963 Corvette Stingray Has Been Both Professionally Restored and Also Preserved Virtually As It Was When It Left the Factory 57 Years Ago
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www.ClassicAutoAppraiser.com Appraisal Report 1963 Chevrolet C2 Corvette Stingray 2-Door Convertible PREPARED FOR: AutoLinx Inc. BY A PROFESSIONAL VALUATION SERVICE FOR ALL TYPES OF SPECIALTY & COLLECTOR VEHICLES SINCE 1989 302 Rappahannock Court, Danville, CA. 94526 Website; classicautoappraiser.com Phone (925) 208-9035 Email; [email protected] A professional service that has been evaluating all types of collector vehicles since 1989 10/01/2020 AutoLinx Inc. 4325 Sonoma Blvd. Vallejo, CA 94589 Re: Appraisal Report: 1963 Chevrolet C2 Corvette Stingray 2-Door Convertible To Whom It May Concern, In compliance with the recent request, we have appraised the above referenced vehicle for resale purposes. We have enclosed the appraisal report that constitutes our analysis and conclusion of the research completed on this classic automobile. Classic Auto Appraiser , has established that the Fair Market Value range of the appraised automobile at the time of our inspection was, $82,500.00 . Thank you very much for your business and if you should have any further questions, please do not hesitate to call or email us. Very truly yours, Carlo Di Marco, PURPOSE AND SCOPE OF REPORT PURPOSE The purpose of this report is to estimate the combined Fair Market Value of the classic automobile described herein at the time of our inspection for resale purposes. FAIR MARKET VALUE The Fair 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 a buyer, being willing to buy, under no particular necessity for so doing, each dealing with the other’s full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available. METHOD OF VALUATION Unless customized, the value is estimated by current market data comparison, supplemented by cost information. The vehicle is compared, when possible, with others for sale and that have sold in the general time period. Adjustments are made for differences in equipment, mileage, cosmetics, conversions, originality, condition as well as sale terms and current economic conditions at time of sale. ASSUMPTIONS AND LIMITING CONDITIONS Information including vehicle identification numbers, serial numbers, engine numbers, engine size, component serial numbers, color codes, paint codes, trim codes, component stampings, door tags, fender tags, cowl tags, date codes, badges, emblems, owner history and mileage provided by the owners or parties to sell or others, or displayed on the appraised vehicle or components are assumed to be reliable, correct and truthful, as accuracy is not checked or guaranteed for originality or authenticity. All information, either supplied or stated to Classic Auto Appraiser by the vehicle owner/agent/seller, including history, prior ownership, production figures, accomplishments, awards, certification, race results etc. are assumed to be truthful and accurate and not checked by the appraiser. Although the Classic Auto Appraiser has an extensive library, we do not have direct access to specific manufacturer’s records, logbooks, files, computer data bases or other non-published information. Unless the client particularly asks for this in writing, and agrees to absorb any additional cost in obtaining, no such effort will be made in contacting manufacturers, automotive groups, clubs, historians etc. in order to acquire such information. IDENTIFICATION AND DESCRIPTION OF VEHICLE AUTHORIZED FOR APPRAISAL This narrative is an attempt to determine a valuation of this vehicle at the time of our inspection. Inspection Date: 9/23/2020 Report Date: 10/01/2020 Inspection Location: Vallejo, CA VEHICLE IDENTIFICATION: Vehicle Make: Chevrolet Model year: 1963 Model: C2 Corvette Stingray Body Style: 2-Door Convertible Vehicle Type: Classic VIN: 308675114919 License plate #: N/A Tab Expiration Date: N/A Odometer reading: 79,948 Other ID’s (If available) See ID TAG photos VEHICLE DESCRIPTION Exterior Color: Silver Interior Color: Black Equipment: See Equipment pages EQUIPMENT Stock front chrome bumper, Stock grilles, Stock Amber parking lamps, Vacuum controlled pop-up headlamps, Stock fiberglass hood with hood grilles, VIN matching 327 cubic inch motor, • Stamp Code: RC 250hp • Casting Number: 3782870 Stock intake manifold, • Casting Number: 3788244 4-bbl carburetor, Standard Delco ignition, Chrome ignition shield, Chrome Chevrolet air cleaner assembly, Painted valve covers, Stock exhaust manifolds, Manual steering, Manual brakes, Front coil spring suspension, Front sway bar, Front drum brakes, Muncie 4-speed manual transmission, Stock polished wipers, Antiglare windshield, Stock rear view mirror, Page 1 Chrome driver side view mirror, Wing windows, Color matched hardtop, Black soft top, Black vinyl upholstery, Stock padded dash, Stock gauge cluster, Stock in dash tachometer, Stock center dash clock, Stock AM/FM slide-bar radio, Stock Teak wood 3-spoke steering wheel, Stock bucket seats, Stock center console, Black looped carpets, Black rubber floor mats, Stock door panels and hardware, Dual exhaust, Independent rear suspension, Rear drum brakes, Stock undercarriage spare tire carrier, 15” Knock-off aluminum wheels, 205/75R15 Michelin X radial tires, Stock trim and badging, Left rear mounted antenna mast, Page 2 Stock tail lamps, Stock chrome split rear bumper, Lower rear valance exhaust ports, Silver exterior paint. Page 3 CONDITION REPORT EXTERIOR: POOR FAIR AVERAGE GOOD VERY GOOD EXCELLENT Body: X Paint: X Panel Fit: X Trim: X Emblems: X Front Bumper: X Rear Bumper: X Soft Top: X Hard Top: X Wheels: X Tires: X Lights: X Glass: X INTERIOR: POOR FAIR AVERAGE GOOD VERY GOOD EXCELLENT Dash : X Instrument Panel : X Gauges : X Steering Colum n: X Front Seats : X Rear Seats : N/A Door Panels : X Interior Trim : X Console : X Headliner : X Weather stripping : X Carpets : X Rear Shelf : X Trunk : N/A CONDITION REPORT CONTINUED ENGINE COMPARTMENT: POOR FAIR AVERAGE GOOD VERY GOOD EXCELLENT Radiator: X Fan: X Alternator: X A/C Compressor: N/A Steering System: X Air Cleaner: X Intake Manifold: X Distributor: X Valve Covers: X Ex. Manifolds: X Engine Block: X Steering Linkage: X Wiring: X Brake Booster: N/A Firewall: X UNDERSIDE: POOR FAIR AVERAGE GOOD VERY GOOD EXCELLENT Front Brakes : X Front Suspension : X Front Sway Bar: X Oil Pan : X Frame : X Transmission : X Exhaust System : X Rear Suspension : X Rea r Brakes: X Rear End : X Gas Tank : X ADDITIONAL COMMENTS NOTES: At the time of the recent inspection, this 1963 Chevrolet C2 Corvette Stingray 2-Door Convertible represented a very good overall example of this classic American sports car. As depicted on the many enclosed digital photographs, and noted on the prior Equipment and Condition pages, this 1963 Corvette Stingray has been both professionally restored and also preserved virtually as it was when it left the factory 57 years ago. This 1963 Corvette features, a VIN matching 327 cubic inch 250hp motor, Muncie 4-speed manual transmission, independent rear suspension, manual steering, 4-wheel manual drum brakes, dual exhaust system, Teak wood steering wheel, slide-bar AM/FM radio, color matched hardtop, and Black soft top. Per the Body Tag located below the passenger side dashboard, originally Sebring Silver, this Corvette has been resprayed in Silver and retains its Black vinyl interior. The restoration was found to be very well done and the vehicle fully functional. MECHANICAL Unless otherwise arranged, the Appraiser does not, and will not test drive this vehicle. As such, no deductions are included for operability. Rather, credit has been given for the vehicle reported performing with no operational defects when last operated, except as noted in this report. If mechanical or other diagnostic checks are required to be performed on this vehicle the customer requesting this report must consult and retain a qualified ASE Certified or other specific mechanic trained for that purpose. Unless the availability of an automobile lift or hoist has been previously arranged by the client or customer, a detailed inspection of the vehicle frame, lower unibody, suspension, brakes, steering, exhaust system, lower motor or transmission areas cannot be properly performed, expected or attempted. HAGERTY VEHICLE VALUATION REPORT www.hagerty.com/valuationtools | Publication Date: 9/1/2020 1963 Chevrolet Corvette MENU: MODEL OVERVIEW 2dr Convertible 8-cyl. 327cid/250hp 4bbl L30 CURRENT & HISTORICAL VALUES VIN DECODER Avg Value* $47,900 Hagerty Valuation Tools® uses vehicle values from our own independently published Hagerty Price Guide, a respected and definitive resource for post-war cars and trucks. To determine this value, Hagerty analyzes sources including auctions, dealer sales and peer-to-peer sales. We also note condition, history, optional equipment, quality of restoration, degree of documentation, and sales venue, just to name a few. Also incorporated into vehicle values are inventory, demand, recent trends of similar vehicles, movement within related market segments, and general directions of the vehicle market overall. This report is an up-to-date and accurate representation of data currently available for the vehicle(s) requested. *Please note: All prices shown here are based on various data sources, as detailed in About Our Prices. For all Hagerty Insurance clients: The values shown do not imply coverage in this amount. In the event of a claim, the guaranteed value(s) on your policy declarations page is the amount your vehicle(s) is covered for,