Fuel Economy, Hypermiling, EcoModding News and Forum - EcoModder.com - View Single Post - Civic VX's turn 20 and 21 and value goes up.

Ryland · 04-05-2013, 01:42 PM

I got my insurance bill and paper work yesterday and because we have a lot of deer hit by cars and I lone my car out a lot I have full coverage, it started out at $11 per month extra and is now up to $39 per month extra! so before I canceled my full coverage I figured I'd check vehicle value and see how much I'd have to set aside to replace my car... $4,000 to $5,800 is the NADA value! it looks like once a car reaches 20 years old NADA stops caring about how many miles it has, it also assumes it's now worth 3 times as much as it was before or 2.5 times as much as the 19 year old version of the same car.
So the car I paid $1,100 for is now worth over $4,000, maybe more seeing as how it's the cleanest VX I've seen in person.

04-05-2013, 01:42 PM	#1 (permalink)
Ryland Master EcoModder Join Date: Jan 2008 Location: Western Wisconsin Posts: 3,903 honda cb125 - '74 Honda CB 125 S1 90 day: 79.71 mpg (US) green wedge - '81 Commuter Vehicles Inc. Commuti-Car Blue VX - '93 Honda Civic VX Thanks: 867 Thanked 434 Times in 354 Posts	Civic VX's turn 20 and 21 and value goes up. I got my insurance bill and paper work yesterday and because we have a lot of deer hit by cars and I lone my car out a lot I have full coverage, it started out at $11 per month extra and is now up to $39 per month extra! so before I canceled my full coverage I figured I'd check vehicle value and see how much I'd have to set aside to replace my car... $4,000 to $5,800 is the NADA value! it looks like once a car reaches 20 years old NADA stops caring about how many miles it has, it also assumes it's now worth 3 times as much as it was before or 2.5 times as much as the 19 year old version of the same car. So the car I paid $1,100 for is now worth over $4,000, maybe more seeing as how it's the cleanest VX I've seen in person.