KLZ 560 AM DENVER'S CONSERVATIVE HOME STATION
Menu
Could your dream car be more of a financial trap than a trophy? Broadcasting live from the Rocky Mountain Car Show and Swap Meet, the https://fixitradio.com team dives deep into the world of classic cars, emotional purchases, and how to avoid costly mistakes. Expert appraiser Burke Payne joins the discussion to unpack the true value behind restomods, original paint jobs, and one-owner collectibles. They reveal how insurance companies often undervalue vehicles—sometimes by tens of thousands—and how regional pricing and vehicle history reports can drastically impact what your car is really worth. From flood-damaged cars making their way across state
SPEAKER 05 :
Walter?
SPEAKER 02 :
Upstairs! Are you alright?
SPEAKER 10 :
In the floor behind the chair.
SPEAKER 05 :
This is America.
SPEAKER 02 :
Does everybody know what time it is? Fix It Radio.
SPEAKER 03 :
And it is that time. Fix-It Radio, KLZ 560. Thank you all for joining us today. I know I say that a lot, but I mean that sincerely. I appreciate you all joining us. We are live today, as I’ve been saying for the last couple of weeks. We’re at the Rocky Mountain Airport, Rocky Mountain Car Show, and SWAT meet. And this is an annual event. I believe the 8th. And we’ve been up here almost since probably the beginning of that. We’ve been up here for a very long time, come every year. The weather today is absolutely spectacular, light breeze. It is right now 68 degrees, going to be in, I think, the mid-80s or so by the time it’s all said and done. But a little bit of breeze here, and there’s going to be some cloud cover. It is a spectacular day. And if you’re out and about, by all means, come by. Bring the family. It’s a family event. And this is a, again, there’s a swap meet as well. So some of you that might be looking for a odd part or something that you’ve been searching for, you’ve got an older vehicle that you have been looking for a particular part, all of that, you can come up and look for that as well. That is actually right behind where we are located. So we’re on the very west end. of the tarmac of the show i guess you could say so if you come up this direction walk all the way down to the west and you towards legacy air and you’ll see us once you do and the cars are lining up they started to the east and they’ve worked their way all the way down now to where all the cars are now starting to line up right in front of where we are And we’re not in our tent. We’ve got our big trailer with us. So just look for Drive Radio and you’ll see us. Burke Payne joining me here during this first hour today. Burke, welcome as always.
SPEAKER 09 :
Thanks so much. Appreciate it.
SPEAKER 03 :
And I think first time we’ve actually met face-to-face. We’ve talked a lot over the phone and on the radio and so on. So it’s very nice to see you face-to-face. Same. Put a face with the voice, I guess you could say.
SPEAKER 09 :
Absolutely.
SPEAKER 03 :
And this is right up your alley. What we’re doing here today in all these cars that are here, this really is the stuff that that you do on a regular basis, and I wanted to talk today, you know, why that’s so important, why getting an appraisal is so important. You and I have been talking about a particular vehicle that I’ve been kind of interested in, and we’ve gone back and forth on that. We’re talking about that even before we came on air. And for those of you listening, I really feel like you may know cars really well. No offense, I do. On the same token, I wanted Burke’s opinion on a particular vehicle that I’ve been looking at just because I want a second opinion besides my own as to what do you think the value of this vehicle is. I think for me, more than anything, to reconfirm what my original thought was to make sure that I’m not way out in left field. I don’t want to do that, Burke. I want to make sure that I’m fairly dialed in.
SPEAKER 09 :
Absolutely. You know, we get passionate about our cars.
SPEAKER 03 :
We do.
SPEAKER 09 :
And sometimes that passion overrides our brains.
SPEAKER 03 :
Decision making. Right. Yes. Absolutely. So it’s always, you’re absolutely right. The emotions get in, and that’s true. And I talk about this even during my weekly show. Emotions, in a lot of cases, drive all sorts of things. It drives things in politics. It drives things in business sometimes. And the reality is, in most cases, this stuff especially, and I get it. You can get emotional over a car that maybe you had in high school and Maybe now that same make and model is available again, and so you want to buy that car. And, you know, here’s the bottom line, too, for all of you listening. If you’ve got the money and you can do whatever you want to, I mean, I guess at the end of the day, Burke, you know, more power to you. Just realize that when you do it that way, you’re most likely going to overpay, and you may not have as good of a quote-unquote investment as you think you have, and that’s where somebody like you comes into play to really kind of get you grounded, I guess you could say, get you back down to where you really understand. Let’s get the emotions out of this. really get down to what the value is.
SPEAKER 09 :
You’re absolutely right. And that’s what we look at. You know, we have to take out that sentimental value. You know, we have a lot of people that have, you know, this car’s worth a million dollars. And when you really look at it, it may be worth a million dollars to you, but someone’s not going to buy it for that.
SPEAKER 03 :
And ultimately, it comes down to what does the market bear? I always say, you know, somebody always says, well, what’s such and such worth? And it could be a house, could be a piece of land, it could be a car. Well, really what it comes down to is what’s somebody willing to fork over dollars for? In other words… To your point, you could think it’s worth all kind of money, but at the end of the day, if somebody’s not willing to pay that, it’s not worth that.
SPEAKER 09 :
Absolutely. The same thing when you start customizing things.
SPEAKER 03 :
Correct.
SPEAKER 09 :
You start doing a really exotic paint job. You have to find a buyer that wants that paint job.
SPEAKER 03 :
Correct.
SPEAKER 09 :
Otherwise, they’re looking at it, I’m going to have to repaint this when I get it home.
SPEAKER 03 :
And just a little piece of advice on that for a lot of you listening. I’ve talked to a couple of people that have already come by the trailer today and been kind of chatting with people. And it’s what we do. So we’re out and about and we enjoy doing that. I love meeting new people and all of that. It’s always a joy to put even some cases a face with a voice and people that call in and so on. But I think those of you that might be in that process of, you know, you’re looking for a car and you’re trying to build the car and you want to do this and you want to do that. And, you know, depending upon the car, and it’s value when you’re done, you know what? In some cases, you can get as outlandish with paint as you want, you know, customize it to you, have fun, knock your socks off. If it’s a car that really doesn’t have a lot of, you know, value in the restoration world, I guess I should say, Burke, then you know what? Knock your socks off. But for some of you where that car has some originality to it and, you know, you take, for example, a 69 Camaro. We’ll just use that one for an example. That’s a car where, honestly, if you’re trying to get the most value out of that car on down the road, no matter whether you like the color the car was originally or not, that’s the color the car should be. and you may want it to be blue and it came yellow. Okay, well, in that case, Burke, I hate to say this, but you bought a car that was originally yellow, and if you really wanted to keep its intrinsic value, you probably should go back to what its original color was.
SPEAKER 09 :
Absolutely. When it’s something like that, we just spoke with a gentleman who’s got a 68 Camaro that his wife has owned since it rolled off the showroom floor. Really? You know, one owner. Oh, man. So it’s, you know, and he was asking me, you know, he lives in Chicago. He’s like, you know, what’s the value? And he’s like, well, I’ve got it way underinsured. I’m like, yeah, especially one owner, all documented history.
SPEAKER 03 :
Probably has original paint and all sorts of things along those lines, which really starts, you know. And that’s something, too, folks, that a lot of times people don’t think about. They’ll look at a car and say, man, that car needs painted. Hold tight. Maybe not. Yeah, it could very well need painted, but painting it might actually devalue the car. So you might be better off just taking it to my good friend Roy at ProTech where you do some color correction on it, touch a few things up, ceramic coat it, bring some of the shine back. And that may be all you want to do to that car because painting it is actually affecting its value.
SPEAKER 09 :
absolutely you know that original paint it it carries with the car and you start changing it you know even today’s paint is different than the original paint in the 60s so you know it’s one of those things you got to keep that you got to keep that original yeah you know you you just brought up something i don’t know that we’ve really ever touched on burke and that is that you know and it’s a good thing i trust me folks this is not a complaint our paint today
SPEAKER 03 :
is I look at some of these cars that are out here in the car show, and some of these I can tell have more of an original paint on it than what’s been done of late, last decade. And in this last decade, I will tell you that the quality of what we have in the aftermarket for, and even factory paint, and you look at even how new cars are coming today versus what they were even a couple of decades ago, and it literally, folks, it is night and day. And that’s where you have to be careful because you can actually end up with a car that in its original form is far better than it ever was new. And while that’s great, again, you may not be adding value to the car because that’s not how the car came originally. It’s not the same historic piece, I guess Burke is what I should say there, as what it would be if it were done more in that original form.
SPEAKER 09 :
Absolutely. And, you know, with that said, there’s also the market. We’ve seen a change in the market with the resto mods. Correct. People want a drivability. They want to be able to get out on the highway. They want the car to stop.
SPEAKER 03 :
They want that LS engine. They want an overdrive transmission, so on and so forth, where they can just go drive the car.
SPEAKER 09 :
And I think as long as you’re not… With the value, as long as you’re not looking at one of seven built or something like that. Doing a restomod is not necessarily a bad thing.
SPEAKER 03 :
Okay. How do their values come? We’ve never chatted about this. How do their values compare, typically speaking, to, you know, let’s take that 69 Camaro or that 68 Camaro that you were just talking to that person that was here with from Chicago where it’s a one-owner car, all of that. Let’s say on the same token a guy finds an old 68 in a barn and, It was even just a straight 6.3 speed car, nothing fancy. There’s not a lot of originality to it that’s even going to, you know, today, now that may change down the road, but right now currently that car is kind of on the bottom end of the values of a 68 Camaro. So in that case, let’s say you restomod that car, you get it all dialed in, get nice paint, get everything all done and so on. How does it compare in value to that original 68?
SPEAKER 09 :
You’re kind of apples and oranges there.
SPEAKER 03 :
I know, I know, they’re not the same.
SPEAKER 09 :
But it’s definitely going to be at the higher end. Because people want to be able to hop in that car and drive it.
SPEAKER 04 :
Okay.
SPEAKER 09 :
So, like I said, you’re seeing Russell Muggs go across Barrett, Jackson, Mecham, even bring a trailer for high dollar. Right. And a lot of it’s because people just want to be able to hop in it and drive it. They don’t want to have to worry about, you know, is the gas, you know, going to mess up the carburetor? You know, they want the fuel injection. They don’t have the bandwidth to go out and tinker on them every day.
SPEAKER 03 :
That’s true, too, because I’ve talked about this on air and even off. We’ve got the car show last weekend, and I think I made mention of this even on air, that, you know, when you own an old car, much like what you just described a moment ago, and I have some of those, yeah, guess what? you’re dinking around with them. Anytime you go to drive the car, you’re doing something to it to make it drivable for that particular day, event, whatever. It’s not simply hop in, turn the key, and go like a newer car is.
SPEAKER 09 :
Absolutely, and that’s where the rest of the mods are coming in. For those people that just don’t have the bandwidth, and a lot of people don’t. They’re busy with their lives, but they still enjoy the car culture and they want to get out. So that’s where the rest of the mods, we’re kind of seeing those go. Plus, you want to be able to get on the highway. You want to be able to keep up with traffic.
SPEAKER 03 :
Which back in the day, a lot of those cars, they didn’t have a top speed, a cruising speed any more than… you know, maybe 65, even 70 miles an hour at most back in the day, Burke, and even when we had the 55 mile an hour speed limits, I mean, they weren’t going more than 60, 65 max, you know, cruising speed, and let’s face it, in today’s world, if you’re not going, if you get on I-25 heading north or south, you better be doing 80 miles an hour, you’re going to get run over.
SPEAKER 09 :
Oh, absolutely, you know, a couple years ago, my dad took his Barracuda up to Good Guys, and When he went to the shop, how loud do you want it? I want it loud. By the time he got up there, he couldn’t hear.
SPEAKER 03 :
Right.
SPEAKER 09 :
So he’s like, you know, we need to think about this again. You know, so that’s kind of where the whole Restomod comes in.
SPEAKER 03 :
Great point. Okay, so we’ve got some time before we take a break. Walk us through. You brought a couple of appraisals, you know, samples of, which I should say this as well. For those of you that come up today to the show, to the Rocky Mountain Car Show and Swap Meet, Burke’s got a tent that’s literally, I don’t know, 30 yards from where we are, just a little bit to the east of us. So if you come up here, you can actually sit down, have a conversation, see some of the samples that are in front of me as far as how an appraisal works. And, folks, I’m here to tell you, looking at what’s in front of me, you’re not just getting a piece of paper that has a figure on it. You know, Burke’s putting together an entire, you know, booklet, I guess is the best way for me to say this, Burke, on that particular vehicle, its history. other vehicles of its like, et cetera, et cetera. I mean, you’re really going through the whole, you know, the market analysis, everything that’s out there on that particular vehicle, getting a snapshot in time of what that vehicle at that time is worth.
SPEAKER 09 :
That’s absolutely right. That’s exactly what an appraisal is. It’s a snapshot in time of what that vehicle is currently selling for in the market. Or in the case of a total loss, which is the other appraisal you have there in front of you, it’s what it was before it got damaged.
SPEAKER 03 :
Got it. Where you can now have the insurance company make you whole because it’s not the same vehicle it once was, even though it may be repaired, even, you know, in some cases could be repaired even better than what the car was new. And some would say, well, how can that happen? Trust me, there’s ways to actually make things better than they were new, depending upon what’s being done and so on. So that can happen, but it doesn’t matter because it’s going to always show up as having an accident.
SPEAKER 09 :
Absolutely, and that’s where that diminished value comes in. We look at what are cars selling for that have had accidents compared to ones that haven’t had accidents, and that’s where that diminished value comes in. And these insurance companies, I mean, we’re doing total losses almost every day. Wow. undervaluing these cars by tens of thousands of dollars. We had one recently, and we had a 7.3, and everybody in Colorado knows 7.3 is their hot market. They are. The insurance company, this particular 7.3 had under 90,000 miles on it. Wow. The insurance company offered him $11,000 for it.
SPEAKER 03 :
And that’s a $25,000 truck pretty easily.
SPEAKER 1 :
$26,500.
SPEAKER 03 :
Yeah, it wasn’t far off. I mean, I know just because that’s my world. It’s kind of the world I’ve always lived in. Yeah, and I had a caller last week. It’s interesting you say that because I had a caller last week from Casper asking, hey, what can I expect to pay for a really good 7.3L? And my answer was between $20,000 and $30,000 if you want a really good one because, you know, you get one with a lot of miles, you’re going to be on that lower end of the scale. You find one, like you just said, that has lesser miles and it’s all cherry and the paint’s good and the interior’s perfect and all the maintenance records are there and so on. You could be upwards of, well, you could be upwards of $30,000. I’ll give you a great example of that. So I sold out of my dad. He and I, we had a 2001 Duramax that had under 100,000 miles. And I had Roy go through it. It had a little bit of a seat cushion tear that we fixed and so on and got it all detailed out, ceramic coated, really got the truck all dialed in. And it was a truck that had the recall done on the injectors way back when. Anyways, long story short, I put that truck on Marketplace at $29,000, and I sold it in two hours.
SPEAKER 09 :
Yep, absolutely.
SPEAKER 03 :
Two hours.
SPEAKER 09 :
No.
SPEAKER 03 :
Meaning I probably was a little low. You might have been able to do a little better than that. But I sold it to a great guy, and it turned out great. He and his family, they were going to use it. Anyways, at the end of the day, it was a good deal for all, and it worked out well. But bottom line is that’s an example of what those early diesels will bring if they’re really cherry.
SPEAKER 09 :
Absolutely. And you also have to look at where in the nation are those selling.
SPEAKER 04 :
Gotcha.
SPEAKER 09 :
So in particular, you know, like Toyota 4Runners that are going up in the mountains, people are building them for driving off-roading. Here in Colorado, they’re worth a lot more than they would be in Illinois.
SPEAKER 04 :
Very true.
SPEAKER 09 :
And you have to watch these insurance companies. They’ll pull their marketplace examples from states, Alabama.
SPEAKER 04 :
Kansas City.
SPEAKER 09 :
Yeah, there’s not a lot of people doing rock climbing in Alabama.
SPEAKER 03 :
Very true.
SPEAKER 09 :
So that’s how they’re getting these values lower. Gotcha.
SPEAKER 03 :
They’re using a nationwide approach versus that regional or even in some cases, in our case, a statewide approach.
SPEAKER 09 :
Absolutely, and I try to keep my marketplace examples under 500-mile radius of the location. Now, occasionally, in order to find something comparable, I have to go outside that, but I notate that in my appraisal why I had to go outside that. And the other thing we look at is what’s the weather been like? You get some of these back-east Minnesota cars. you know, I won’t use them in my comps for Colorado because it’s not the same. They’ve got rust. They’ve got, you know, rust issues. They’ve got all kinds of issues.
SPEAKER 03 :
Same conversation with the person stopped by this morning. We were talking about just that and where cars come from and, you know, from, from the Midwest and even back East to here and so on. And yeah, for those of you listening, and this is where it’s really important. I know this is fix it radio. We’re talking a lot of car stuff, but it applies for all of you listening, especially on the diminished value, which we’ll get into a little bit further after the break. But, For all of you listening, and yes, Fix-It Radio, thank you all for listening. We appreciate it. Larry and Charlie back in the studio, thank you guys as well. You can always ask a question, too. I should have mentioned that earlier. 303-477-5600. 303-477-5600. Give us a call. We’ll get that question answered on air. You can also text me a question, 307-200. 8222-307-200-8222. Burke Payne with us from BP Appraisals. And, again, we’ll get into the diminished value in a moment. But one of the things I was going to say, Burke, even on those of you that are looking at buying a used car, one of the first things that I look at for any, you know, some people send me, you know, hey, John, I’m looking at such and such car. And I’ll go to that listing and I’ll start looking through, okay, here’s the Carfax, here’s this, here’s that. And I’m going to be straight up honest with all of you guys that are listening. If that car has bounced around from the East Coast to the Midwest and then ended up here. in Colorado, and depending upon how many owners it’s had and the type of car that it is, I may steer them completely away from that car for obvious reasons.
SPEAKER 09 :
Absolutely. And that’s even with, you know, you think about flooding. You know, you think about the flooding down in Texas, the hurricane flooding in Florida. That’s right. A lot of those cars are finding… North Carolina even. Yep, absolutely North Carolina. They’re finding their way out of that area.
SPEAKER 03 :
Sure.
SPEAKER 09 :
Because they’re kind of branded there. That’s right. So, you know, that’s… You have to be careful.
SPEAKER 03 :
And for those of you listening, you would say, okay, wait a minute. How does a car that’s in a flood in Texas make it to a dealer in Colorado or whatever, an owner in Colorado? Auctions, folks, auctions. The way the used car market is now has changed a lot from when I was a kid. When I was a kid, cars pretty much stayed locally and regionally. You drove them from one place to another, and the reality is they very seldom went across country. We didn’t have the Internet. You didn’t have the ability to find those cars. You didn’t know those cars were there. The auctions were pretty localized. Well, over time and with the Internet and where we’re at today, a guy in Colorado can be bidding on an auction in Florida, buy that car sight unseen. I mean, all the pictures and everything are there, but literally sight unseen, get a transport to pick up three or four cars that he just bought at auction. And depending upon who else is in Colorado or that’s along the way, the trucking company picks up a load of cars, drives them all the way out, and all of a sudden we now have a Florida car in Colorado.
SPEAKER 09 :
Absolutely. And it happens the reverse, too.
SPEAKER 03 :
Absolutely.
SPEAKER 09 :
I have people call me up weekly saying, hey, I need you to go out and look at this car for me. Because you can take a picture of a car from 20 feet away and make it look amazing.
SPEAKER 03 :
Depending upon what you’re doing as far as the camera goes, you can take it from 10 feet away and make it look amazing.
SPEAKER 09 :
Right.
SPEAKER 03 :
Absolutely.
SPEAKER 09 :
And when I get out there and actually do the inspection, I take what I call the dirty pictures. I get down and I climb underneath it. I use crime scene scales so that I can show you how big the scratch is on the door. And what does the dent look like?
SPEAKER 04 :
Yeah. Yeah.
SPEAKER 09 :
Great idea. And try to catch it in the right light and that. Because sometimes, you know.
SPEAKER 03 :
Oh, that’s right.
SPEAKER 09 :
I’ll take five or six pictures of a dent on the door to try to capture it.
SPEAKER 03 :
Well, and for those of you listening, this is another one where it depends on the color even. So I know I talk about this a lot on Drive Radio, but people have them. People have this backwards notion as to how colors work, and it’s because of the way light refracts and so on. But the darker the color, the easier it is to see imperfections, paint, dents, and so on. The lighter the color, for example, white, white being the most forgiving color there is. Not only does it not show dirt, it won’t show as many scratches, it won’t show some of the swirls and things that you can get in paint. Even slight hail damage is really hard to pick up sometimes because, again, you just can’t pick it up typically with the naked eye unless you really are looking close and know what you’re looking at. You may very well just walk past that car and not even notice it. That’s because that color is very forgiving.
SPEAKER 09 :
Absolutely. You see, you know, all the time you see a nice classic. And if it’s black, you know that they’ve, and it’s a fresh paint job, you know that they’ve done a lot of work.
SPEAKER 03 :
Especially when you look down the side and it doesn’t look like an ocean. I mean, if it looks as flat as glass, you know they took a lot of time because they weren’t that way even new.
SPEAKER 09 :
No, no, absolutely not. And even the paint, you know, we were talking about paint. That’s right. The difference in the paint. That’s right. You know, compared to coming off the factory. Oh, no comparison today.
SPEAKER 03 :
All right, folks, we’re going to come back here in a moment. Again, if you’ve got questions for us, by all means, give us a call. 303-477-5600. Our text line, which I’ve got some in, I’ll look at here in a moment, 307-282-22. Again, Burke Payne with us. Burke, what’s the best way for folks to get a hold of you?
SPEAKER 09 :
The best way is give us a call at 720-295-0108, and we’ll get you, answer any questions you got, and then get you on the schedule, get you taken care of.
SPEAKER 03 :
Awesome. All right, we will be back here in just one moment. Again, Fix It Radio, KLZ 560.
SPEAKER 02 :
Even in the age of AI, looking for the right insurance can be a huge hassle. Paul Leuenberger has you covered without the hassle. He works with the best in the business. Hartford, Travelers, Safeco, Liberty Mutual, Nationwide, Allstate, AIG, Chubb, Pure, Berkeley, Grundy, Hagerty, and more. He’s local, independent, and licensed in Wyoming, Colorado, Arizona, Nevada, and Texas. and he’s expanding into more states soon. Paul’s mission is simple, to find the right coverage at the best value and to treat every client like family. So whether you’re shopping for home, auto, or something more unique, don’t shop online. Call Paul at 303-662-0789 today. That’s 303-662-0789. Paul Leuenberger, insurance made easy.
SPEAKER 07 :
You’re driving down the road and out of nowhere comes a bang. A huge rock just hit your windshield and now you have a star in your windshield. Did you know that chip can be fixed? But who is the best? Who has the best resins that keep developing them to work with the newest windshields? That would be Novus Autoglass. Novus, which is the Latin word for innovate, invented windshield repair in 1972. and it still leads the industry in cutting-edge technology, backed by more patents than any other repair and replacement company. While other glass repair services offer limited warranties, or worse, none at all, you can trust the original Novus Pros to stand behind their work with a full refund That’s Novus Autoglass.
SPEAKER 03 :
All right, we are back. Fix-It Radio, KLZ 560, thanks for joining us today. We appreciate it very much. Drive Radio, of course, will follow. This is on Saturday. Those of you that are listening on a replay show, either Sunday or Tuesday, yeah, the car show is Saturday only. We’ll be wrapped up here, us, by 1. The show is typically over by about 3 o’clock, so I would encourage you guys to get out here. The sooner, the better. Lots of cars, by the way. This show will end up having usually 300 to 400 cars roughly by the time it’s all said and done, and it is loading up as we speak. So if you’ve got a car even you want to enter, you can still get that done as well. Again, we’re at the Rocky Mountain Airport. Up in the Broomfield area, and I should have said, easiest thing to do, just put into your maps Rocky Mountain Airport. Like any other airport, literally it will take you right here. But for those of you that maybe aren’t as super familiar with the area, for those of you that are old-timers, this is the old Jeffco Airport. So Rocky Mountain Airport is the new name, but it’s the old Jeffco Airport. Literally, we are on the corner of Wadsworth and US-36. We are on the southwest corner. and that’s the best way to think about it, of U.S. 36 and Wadsworth. Actually, Highway 128 is really we’re not even 36, but the interchange is right there, and the airport literally is just to the southwest of that, so it’s the easiest way to find us. All right, we’ve got a question coming in. John Littleton, go ahead.
SPEAKER 10 :
Hi, morning, guys. This is a great topic. I have a 2008 Saturn Sky Redline, the turbo. About a year and a half ago, it got some pretty darn good hail damage. So the car was, you know, totally repaired, repainted, and, you know, it looks fine. But I never thought about the comment about diminished value. Yep. Absolutely. I mean, the fact that I had a claim through a collector car insurance company, is there anything I should be doing before that claim expires?
SPEAKER 03 :
First suggestion, I’ll have Bert comment on this too, but my first suggestion would be, Go ahead and you can do a per subscription on each car that you own. So you can do a per subscription Carfax. So run a history report and see if that particular payout on the insurance actually shows up on Carfax. That’s the first thing I would do before doing anything else. What would you say, Burke?
SPEAKER 09 :
That’s actually exactly where I was going to start. Let’s see if it’s documented on the Carfax. If it is. Depending on the insurance company and depending on the length of time between the claim and when you file diminished value, there’s definitely still a possibility we could get you some. I don’t know, you know, with a Saturn what we’re talking about, but without sitting down looking at the numbers. But, you know, it’s all a matter of percentages, I guess is the best way to put it.
SPEAKER 03 :
Yep, that’s the best way to say it.
SPEAKER 10 :
Yeah, and I know a Saturn, you know, it’s not the hottest car in the market, but it’s still mine, and I’ve owned it since it was new. Absolutely.
SPEAKER 03 :
Yeah, and again, these are things that in a lot of cases, not only you, John, but a lot of other people that go through accidents, they don’t even think about. They’re thinking about, okay, I want to get my car back on the road. I need my vehicle to drive, you know, here and there, blah, blah, blah. By the way, nothing wrong with that attitude and that feeling because that’s exactly the way things are, but you need to be made whole because when you go to do something with that vehicle – and depending upon who’s looking at it and the age of the car and so on and of course this is really important for those of you that are listening that have newer cars it’s really a big deal on new cars because it could even affect your trade value let’s say you have an accident the car is only a couple of years old and you’re going to trade that car two years later where it’s four years old now that time frame especially it’ll really nick you when you go to trade that car in because the dealer is going to see that claim on there very easily but in your case john number one thing is find out if it actually showing up on a report
SPEAKER 10 :
Okay, well, I know I just recently called a couple of insurance companies to get some new insurance for other cars. And they said, oh, well, you have the status quo. Is that going to be on the policy? I said, well, no, not on this policy. But they said, well, I saw that you had a claim for so much money.
SPEAKER 03 :
Well, you’re lost, right? By the way, that’s a great comment, John, because… These are two different things, so I want to make sure that we’re clear on this with everybody as well. Insurance companies all go off of whether you’re looking for personal insurance, business insurance, and so on. This is a misconception most people looking for insurance have. Every insurance company is going to do a loss run report on you and on either that particular building, that particular home, that particular car, that item. They’re going to do loss runs, and we in the business world know this because every single time you go to, quote, insurance, and you do it in the business world almost annually, Every single company is getting a loss run report to find out what claims did you have prior because that tells them how big of a risk am I taking on as an insurance company. If this is a guy that nickel and dimes the insurance company every time he turned around, then guess what? We’re going to rate you higher than if you’re somebody that’s had very little or no claims or claims even that weren’t your fault. Let’s say, for example, a claim got subrogated or something along those lines. Those won’t hit you as hard as if you totaled your own car.
SPEAKER 09 :
Absolutely. Yep, you’re absolutely right. You know, if you hit a brick wall with your car as opposed to a deer hit you, two different things.
SPEAKER 03 :
And they’ll rate you, John, accordingly. That’s why they knew that. Now, my point with that is not everything that’s on the loss run report will make it to the CARFAX, and that’s why you’ve got to check individually on the CARFAX report to see if that’s coming up. Gotcha.
SPEAKER 10 :
Okay, I will do that. Okay. Hey, and, John, I had another more – Per your show question, if you have a minute.
SPEAKER 03 :
Yeah, no, we’re fine. We’re going to combine everything today, all four hours, so don’t worry about it. Go ahead. You’re good.
SPEAKER 10 :
I recently bought a new refrigerator, and I found two things out. Refrigerators have grown in the last 25 years. Yes, they have. So because of this, I have to do some minor remodeling of my kitchen where the fridge is because it wouldn’t fit. Okay. And one thing, I do not have a water line to the fridge. Okay.
SPEAKER 13 :
Okay.
SPEAKER 10 :
So I was going to ask you about, I’ve seen some homes that have like a little box in the wall behind the fridge with a valve. I’ve seen some people that just have a hose sticking out of their wall. Yep. Tell me the right thing and the right way to put a water line, and in my case it would have to come from the basement, up a floor into the kitchen.
SPEAKER 03 :
Do you have access is the first question. I do. Okay. As long as you’ve got access, the fancy way is to put the valve in the wall, and if you’ve got the ability to do all of that, that’s fine. It looks really good. When the fridge isn’t in there, keep in mind when the fridge isn’t in there, no one’s ever going to see anything. Personally, for me, I would probably put that line down low. That’s where the connection to the fridge is anyways. Even when it’s up in the wall, you’re typically running a line down then to the refrigerator because all the lines to the fridge coming in are way down below. If it were me, I would put one coming right out of the wall or even the very, you know, if you could just drill a hole even right between the floor and the wall, you can run a line right up there. Again, no one’s ever going to see that once the fridge is slid back in.
SPEAKER 10 :
Okay, okay, that’s easy to do probably. And do you recommend a little piping?
SPEAKER 03 :
Really quick, if you do it that way, just make sure you put a valve somewhere because you’ve got to tap into water someplace. So just make sure you’ve got an on-off valve someplace so in case something started leaking, you can go shut that off.
SPEAKER 10 :
Okay, and if you use this plastic piping, does it have a life?
SPEAKER 03 :
Oh, I’ll be honest with you, and some people will probably argue with me on this. I have found that the plastic tubing… Actually, I think the urethane tubing, if you would, I think it lasts as long as the copper does. If you ever have any issues with things freezing, it’s a lot more forgiving on the plastic than it is the copper. Even bending it around and so on, it’s a lot more forgiving. So I would run the nylon or the plastic tubing if it were me.
SPEAKER 10 :
Okay, and great. Okay, so I don’t really have to put a box in.
SPEAKER 13 :
No, you do not.
SPEAKER 10 :
Poke a hole. You do not. You’ll be fine. I know they have these little valves that will snap onto this plastic, so I could put a valve right behind the fridge even.
SPEAKER 03 :
You could, yes. It would work fine.
SPEAKER 10 :
Okay, cool. That’s what I needed.
SPEAKER 03 :
All right, John, don’t break questions.
SPEAKER 10 :
On the first topic, if I do a Carfax and find something, what’s my next step? Yep, call Burke.
SPEAKER 09 :
Yep, give me a call. We’ll look at it. We’ll need to look at your policy, see if there’s a time frame on how long you can go back and file a claim on it. But there will definitely be some diminished value because if you were going to buy that Saturn and you had a choice between one that hadn’t been damaged in hail and one that had, which one are you going to choose? That’s right.
SPEAKER 10 :
Gotcha. All right, well, thank you, gentlemen. Have a great day.
SPEAKER 03 :
All right, John, appreciate you very much. And Eric, you are next. Go ahead, Eric. Hey, good morning, guys. Good morning, Eric.
SPEAKER 11 :
Morning. So I just have some random humor for you this morning or some random thoughts regarding vehicle modifications. Sure. Doing some work on my pickup the last few weeks and just, you know, working on a wire. I’m fabbing my own wiring harness for some off-road lights. And I’ve come to two realizations. Vehicle modding frustration number 263. Planning out your entire weekend wiring project and then forgetting to buy the specialty connector you need from the specialty store during the week because they’re closed.
SPEAKER 13 :
And they’re not open now. Yep.
SPEAKER 11 :
Right.
SPEAKER 13 :
Yep.
SPEAKER 11 :
But I will say this. The weather-packed plug that I needed off-road warehouse for the wind… had, because it was either that or Amazon overnight. And then vehicle modification frustration number 400. Buying specialty parts from one store, forgetting what store you bought them from, needing more of the same parts, going back to the wrong store, having them look at you like you’re an idiot, and making you second guess your entire plans. Hmm.
SPEAKER 09 :
Because on my roof rack… I was going to say, it’s funny you mentioned that. I had a gentleman that I did an appraisal for a couple of months ago who actually had documented every vendor that he used to buy which part.
SPEAKER 11 :
Wow. Well, so my roof rack is made using extruded aluminum. And they make… The company that… They make these little mounts that you can put in there, you twist it, and they have a four-way deal on it to run zip ties through so you can tie hoses or wiring harness in place. And I forgot that I bought them from the original supplier, and I went to a store here in town to get them. And they looked at me, and all four employees looked at the part, looked at me. The manager came out, looked at the part, pulled out a different catalog, found the part number, and he says, our competitor carries this, not us. And at the same time, my brain went, click, oh, I ordered it from the manufacturer. And all five of them just kind of looked at me, and as I walked away, I was just kind of second-guessing everything in life. Like, why? Why? Sometimes that happens.
SPEAKER 13 :
Been there, done that.
SPEAKER 11 :
Yeah. Yeah. You know, it’s just those random things like that where you get done and you’re just like, really? You know, and I’ve had a group. My wife’s been on me for two months. I’ve had a growing parts pile of things to do. But, you know, when it’s 95 degrees outside, I don’t want to be outside in the sun doing wiring, you know, doing this stuff.
SPEAKER 13 :
I don’t blame you.
SPEAKER 11 :
I don’t blame you. I just don’t want to.
SPEAKER 13 :
I hear you. Absolutely.
SPEAKER 11 :
So today is the first weekend that it’s nice, that I can do it. And, yeah.
SPEAKER 13 :
Yep. Beautiful day today.
SPEAKER 11 :
Beautiful day. Yeah, it is. Nice. Good job. In fact, I’m thinking maybe if I get done here the next hour. Maybe I’ll try and get up to go on to the car show too.
SPEAKER 03 :
Well, swing on up. We’ll be up here, Eric. All right, man. Appreciate you. And if you get up here, stop by, say hi. And, yeah, for all of you listening, we are at the Rocky Mountain Airport. We are live because of the Rocky Mountain Car Show and Swap Me. So I should also mention, I did this earlier, but if you’ve got a car where you’re looking for a particular piece, it’s an older car, hard to find, you’re not going to be able to buy that new, And in some cases, it might even be what you need to complete your whole project. Well, come on up. You might actually find that particular piece at the swap meet. Hard to say, but you never know until you come up and look. And those are the types of things that typically, Burke, you don’t even find out on the Internet and so on because these guys will just kind of go from meet to meet to meet, and they collect different things at different times. And how do I know that? Because going through all of my dad’s estate and so on, he was one of those guys and collected things over the years, and it just sort of keeps on collecting and collecting and Yeah, I’ve acquired and seen parts that I’m not sure I even knew existed in the first place, Burke, but they do, and that’s how you find that stuff.
SPEAKER 09 :
Absolutely. In fact, a couple years ago, a gentleman had a peep mirror here that I looked at, and I was like, oh, that’d look really cool on my truck. And I passed it up, and I walked around the booth, and I walked back, and someone else bought it. And I have searched for that same peep mirror ever since, and I have yet to find it.
SPEAKER 03 :
Which, again, for those of you, piece of advice, I’ve done the same thing in the past, where it’s like, oh, you kind of run past, you’re kind of thinking about it, you hem-haw around, and you go back maybe the same day or the next day, and all of a sudden now it’s gone, and now you’re like, oh, man, and you’ll never find it again. So my point is if you find something that you know you need for whatever that project is and you happen to run across it, my advice is, of course, buy that because otherwise you may be wishing that you had. All right, we’re going to come back, talk a little bit more about diminished value with Burke. Burke, one more time, how do folks get a hold of you?
SPEAKER 09 :
The best way to get a hold of us is to give me a call at 720-295-0108. We’re also on Facebook and at bpautoappraisals.com.
SPEAKER 03 :
And don’t forget, you can always find them on our websites as well, in this case, fixitradio.com, but also drive-radio.com. We’ll be right back. Again, we’re live at the Rocky Mountain Car Show and Swap Meet. This is Fix It Radio, KLZ 560.
SPEAKER 08 :
Looking to buy or sell a classic car? Need a reliable valuation you can trust? Look no further than BP Appraisals, LLC. With over 20 years of experience in the appraisal industry, we provide fast, accurate, and professional appraisal services that you can count on. Did you know that an appraisal can also entail the forecasting of monetary earning power? An appraisal is a document with a valuation conclusion. It is not a pre-purchase inspection, a mechanical evaluation, or a recommendation to buy or sell your vehicle. It’s the actual value at that moment in time, which many need for things like estate planning, insurance, or investing. At BP Appraisals, we value your property like it’s our own. Make informed decisions with confidence. Don’t settle for less. Choose the experts at BP Appraisals LLC, where precision meets professionalism. Visit us today at bpappraisalsllc.com and schedule your appraisals in just minutes. BP Appraisals, LLC. We know what your property is worth. That’s bpappraisalsllc.com or call 720-295-0108.
SPEAKER 07 :
Running an auto repair business or any small business means dealing with technology every day. But when tech issues pop up, who do you turn to? Most IT people are impatient, unreliable, and let’s be honest, kind of condescending. At Ease My Pain IT Services, we do things differently. We provide patient, reliable, friendly, rock-solid IT support so you can focus on your customers and not computer or software issues. For one affordable monthly rate, you get unlimited IT support tailored to your business needs. No surprises, no stress, just solutions. Let us ease your IT pain today. Call 303-747-6767 or visit easemypain.biz today and see what our happy clients are saying.
SPEAKER 01 :
Tailored Services Real Estate is a unique real estate company that tailors services to each individual client. At Tailored Services Real Estate, we understand that your home is more than just a place. It’s your future. That’s why we offer a personalized, hands-on approach to buying and selling homes. From consultation services to full service real estate, you can choose the services you need at an affordable cost. We take the time to understand your needs, desires and goals. Whether you’re a first-time buyer or a seasoned investor looking to upgrade your existing home or ready to downsize, Julia will create a strategy just for you. No cookie-cutter solutions, only results that fit your unique lifestyle. Julia, with Tailored Services Real Estate, works hard to save you money without sacrificing expertise. And start your journey with a truly tailored experience.
SPEAKER 03 :
All right, we are back. It’s radio, KLZ 560 again. We are at the Rocky Mountain Car Show and swap meet up at the Rocky Mountain Airport. That’s why it’s the Rocky Mountain Car Show. And some of you that may not know the area, maybe you’re new to the area, Rocky Mountain Airport for old natives is the old Jeffco Airport, but it’s the regional airport. Much like Centennial down south, this is the airport up north. So very much not quite exactly like Centennial, although I think they can even, Josh would know when he gets back on from Legacy. The next hour he’ll tell us. But I think they can land a 737 or something up here. So I think, you know, they can do some pretty big stuff up here. So it’s a sizable airport. This is not a little airport by any means. Most people that drive by probably have no idea that this is here, but it is. So those of you maybe new to the area and didn’t realize it, yeah, this is a good-sized airport. They’ve got an FBO. They’ve got a restaurant. They’ve got a terminal. JSX runs out of here. You can go to Scottsdale and other places with JSX. So it’s actual commercial end of things as far as that goes. So yeah, if you’re out and about, again, we’re up in the Broomfield area, so the northwest end of Denver. But really, if you’re anywhere in Denver, you can get here in 30 minutes. And I mean that sincerely. You can drive from South Denver to here in 30 minutes. Just get on the highways. You’ll find it very easy. US-36, if you’re going to get on the highways, is what you want to take coming up north. You could go I-70, but then you’re coming all the way up Wadsworth and That’s a pain. Just come up US 36, get off at the Broomfield exit, and when you do that, go south on Wadsworth, go to your first intersection, and take a right, and that’ll take you. Literally, you’ll see entrances to the airport and so on. You can’t miss it, and there’s signs and cones, and if you get halfway close, in fact, what I should have mentioned earlier is you can’t park at the airport. All of the parking now, unless you’re in the car show, You’re going to park in a lot of the outer parking lots that are around, and they’ve got a cool little tractor shuttle service where if you’re parking out and about and you want to get shuttled in and out, you can do that. So even if you’re maybe not as mobile as what you used to be, even if you’ve got a wheelchair, things like that, they’ll shuttle you back and forth. So make it very easy for anybody to come up and enjoy and have a lot of fun. Again, Brooke Payne with us today, BP Appraisals, and I should mention calls coming in right now, but if you want to talk to us, 303-477-5600. 303-477-5600. The text line, which you can text us questions, and I’ll answer those as well. 307-200-8222. And those of you that are listening. At replay times, this car show is Saturday only. It’s not going to be on Sunday. It won’t be on Tuesday either. This particular show will replay again on Tuesday from 2 to 3. So, yeah, we’re not here on that day. So don’t come running around on those days because this is a live Saturday show. In turn, though, if you have a message that you want to ask or a question you want to ask, you can message us, and we’ll definitely get that answered pretty much any time, 307-200-8222. Jeff in Montana, what’s up?
SPEAKER 12 :
Hey, good morning, John. I pretty much have experience at a certain age with everything. And one of the things I have experience with is refrigerator lines and a couple of comments. You were spot on in terms of running it down there. uh, into the basement and then just running the entire line up. That’s, uh, that’s going to be the easiest way to go. Yeah. And it had a little saddle valve so you can put on a pipe. They just had a piercer. I’ve used it. I’ve never had a leak problem with those.
SPEAKER 13 :
Me neither. Not me neither.
SPEAKER 12 :
Yep. They just pierce a, uh, cold water line, not a hot water line, the hot water line for a humidifier, but a cold water line for ice maker. Uh, and then, uh, But one of the things is I run plastic, you know, just what’s it called, stuff that milk bottles are made out of.
SPEAKER 03 :
Yeah, I don’t remember what that’s called. I wish I knew that. It’s some sort of poly. I don’t know exactly, Jeff, what it is. Yeah, there you go, polyethylene. There you go.
SPEAKER 12 :
Right, and I run the Chiefs of Heron Copper. My brother was living in Salt Lake and went on vacation, came back and found 3,000 gallons of water. in his basement because a regular copper line had failed. So he, at that point, went to braided, I think it’s a plastic interior, I think it’s a polyethylene interior or something, but has a braid around it to stop it from getting damaged or breaking. And I put those on my refrigerator. I put those on my dishwasher. I have them on my washer and dryer.
SPEAKER 03 :
Yep, I’ve got those on my washer, dryer, and all that as well. Yep. Yep, I agree.
SPEAKER 12 :
Yep. They are more expensive.
SPEAKER 03 :
I agree.
SPEAKER 12 :
Yep, good advice. They’re not as expensive as getting thousands of gallons of water out of you.
SPEAKER 03 :
They are, but they work well.
SPEAKER 12 :
Yep.
SPEAKER 03 :
Yeah. Oh, absolutely. Absolutely. Well, and that’s another thing. Just not to get off on a tangent, we can even come back and talk about this in the week or so ahead. But for those of you that leave for an extended period of time, and you do this on a routine basis, one of two things, either turn the water off to the house where you just don’t have any issues, or get yourself one of those water monitors that will tell you, hey, we’ve got way more water running out of here than we normally do. You can set the parameters for that with the app and so on, and it will notify you when you’ve got a problem. So in fact, some of them, Jeff will even, if it notices a leak, it’ll even turn the main line off altogether. So for those of you that leave town a lot, I would do something along those lines.
SPEAKER 12 :
Amen. There’s nothing worse than coming back and finding something that you could have prevented. If you turn it off and something leaks, you’re going to get a gallon. Right. Great point. Great point. Typically, typical pressure, probably somewhere between a gallon and two gallons per minute. So that’s 60 to 120 gallons an hour pouring in.
SPEAKER 03 :
Yep. Yep. That’s right. Great point. Thank you, Jeff. Appreciate you. Thank you. We will. We will. Actually, for those of you that haven’t been out and about yet, so far, beautiful day. In fact, I’m not sure we’re going to get the high temperatures that they’re talking about. We’re 77 degrees right now, and right now it is absolutely amazing. Perfect light breeze. It’s not cold. It’s not hot. I mean, right now, I bring a fan with me to even, you know, because normally it gets pretty hot in the trailer and such. But right now, I don’t even have a fan on. Right now, it’s about as good as it gets.
SPEAKER 09 :
This is perfect car show weather. You couldn’t ask for a better day.
SPEAKER 03 :
Exactly. All right. So, again, talk to us about not only the diminished value end of things, which we talked about, I think, enough. Those of you that have any kind of claims, here’s my advice on that. If you get a claim of any kind, whether it’s your fault or somebody else’s fault, and the insurance company has paid out, and it’s over even $1,000 or so, I would call Burke and find out, okay, what kind of diminished value may we have, and just at least start there, and then you guys together can determine what you want to do moving forward as far as that goes. So that’s my advice on that. Now, back to the classic car end of things. We started off talking about how If you’re interested in buying a car, get with Burke. Make sure you’re in the right realm as far as price goes. Now, I would also tell you this. Let’s say you’re somebody that you’re thinking about, hey, we’d like to do a sale of a car. Maybe we’ve got a collection of cars we want to sell. Well… especially those of you that don’t know the car world, before you go talk to anybody about selling those cars, talk to Burke, get a good appraisal as to what that collection is worth so as you go to start moving those cars, you’ve got what you know your values need to be. Now, in some cases, and this is what I was going to talk to Burke about, the market changes. So keep this in mind, folks. If you get an appraisal from Burke today, And you decide to sell that collection 18 months from now. I hate to say this, but you’re probably going to need to reappraise it because, believe it or not, in the classic world, things could change even in those 18 months. Am I right in saying that, Bert?
SPEAKER 09 :
You’re absolutely right. The market is constantly changing, and that’s one of the things that we’re always looking. I mean, I spend hours and hours perusing the market looking at bringing a trailer.
SPEAKER 03 :
Right.
SPEAKER 09 :
And even bring a trailer. We’ve seen some interesting things.
SPEAKER 03 :
You’ve got to be careful with some of the auctions.
SPEAKER 09 :
Yeah, people are bumping those prices up.
SPEAKER 03 :
You get a couple of guys that have a lot of money. that don’t really care what they’re paying for the car, and they’re in a contest to one another as to who’s going to buy the car at the end of the day, that’s not a true value of what that car is in the marketplace.
SPEAKER 09 :
No, absolutely not. And you see the same thing happen at Barrett-Jackson and Beacom. That’s right. A lot of it’s the hype. That’s right. And people get caught up in that.
SPEAKER 03 :
That’s why they’re there, by the way. Right. That’s why they do it.
SPEAKER 09 :
We’ve also found that having an appraisal when you go to sell the car, being able to show the potential buyer the appraisal, they know that you’re not asking a million dollars for an 88 Yugo.
SPEAKER 13 :
Great, great point, great point.
SPEAKER 09 :
They know that they’re getting a good deal, you’re getting a good deal. We have the documented history of the vehicle. We have any modifications that have been done or listed. All of that’s in part of the appraisal. And it really, we found, I’ve had clients call me up and say, hey, with the appraisal, this thing sold overnight.
SPEAKER 03 :
Great, great idea. Folks, it’s a lot like any other type of property, whether it’s expensive jewelry you’ve got. You hear me talk about during the week Mile High Coin and getting those collections appraised as far as what is that stuff worth. You could have an old gun collection, which I should mention also. Burke does that. So some of you that may be inheriting different things, you could even be inheriting a gun collection depending upon the situation, and I say gun collection, you know, it could be as little as three or four guns to 50. I mean, the reality is it could be anywhere in between, and if you don’t know values of those things, and that’s getting a little bit harder to move than what it used to be. Back in the old days, if you had a gun, you wanted to sell it, you put it on gun broker, and you met a guy in a Walmart parking lot, and you made an exchange, and well, the laws have changed, and you cannot do that any longer. Now you have to have you know a background check done on the buyer and all sorts of things there’s some exceptions if you’re doing it in between family members that’s a little different scenario but by and large what i’m getting at here is like anything else you need to have the value known so that you’re not going to get taken advantage of when you go to move said product now as with anything The faster you try to sell something, the better you have to price it to get it sold faster. Because if you want top dollar, that typically takes time to find that right buyer that’s going to give you top dollar. So one thing I also want to remind people of is just because Burke gives you an appraisal, let’s say you’ve got an old car. And he comes and he says, okay, this car is worth $40,000. Well, okay, that’s true, and it would be, but you’re going to have to still find the buyer at that $40,000. If you want to sale in a week, you’re going to take a haircut to get that thing sold in a week. Am I right? Like anything else, right, Bert?
SPEAKER 09 :
You’re absolutely right. It’s all about how fast you want to move things. Is it liquidation? Are we talking liquidation prices? Are we talking I can hang on to this? I’m not in a hurry to get rid of it? Yep. Those type of things. And even with estates and that, you look at, you know, people come in, call us all the time. You know, my dad has this car, and I don’t know much about it. And, you know, I think about putting it on Facebook Marketplace. I always tell them, hang on. Let me come out and look at it. You know, let’s see if this is a Facebook Market car or is this a Barrett-Jackson car. Right. Good point. Because there are cars still in people’s garages. that are Barrett-Jackson cars that no one knows about. I truly believe that. There were way too many cars built, way too many out there not to be. There are still Barrett-Jackson cars sitting in garages, and I would hate to see someone who doesn’t know what that had sell the car for $2,500 on Marketplace when it’s a $30,000 car.
SPEAKER 03 :
Correct. Absolutely. So, yeah, for all of you listening, even those of you that might have family members or people you know that this might apply to, Yeah, and the other thing, too, to remember, and this is where the backwards can happen, and I’m sure Burke’s run into this as well. Some people will think, well, you know, yeah, Grandma had an XYZ car, and maybe it was a really popular car back in the day, and it’s maybe even somewhat rare. But you know what? Depending upon the car and the condition of it is where I’m going with this. If that’s a car that’s been all original, hasn’t been touched since 1965, let’s say, well, you know, the car may still have some real value to it. But remember, that’s probably not going to be a drivable car until somebody goes through and does a lot of work to that car to make it actually drivable. So while it’s a really nice barn find, somebody buying that is going to take into consideration. I’m spending $15,000 to get this car up to speed by the time I’m all done doing all hoses and belts and wiring and different things along those lines. By the time it’s all said and done, Burke, they’ve spent X amount of money on it. Well, guess what? You’re not going to get full price in that particular case.
SPEAKER 09 :
Absolutely. You know, we have people call us all the time. Well, I saw my car go across Barrett-Jackson at this price. And the difference between the car sitting in the garage and what went across Barrett-Jackson are night and day difference.
SPEAKER 13 :
They’re not one and the same. No.
SPEAKER 03 :
But they think they are. In their mind, they think they are. They do. Absolutely. They see a 1967 whatever went across the stage at X price. Mine should bring the same. Well, keep in mind, too, the other thing that happens for a lot of folks that are looking at that is depending upon who owned that car might be why that price went way up. Because the history of the car, in a lot of cases, Burke, has as much to do with its value than the car itself.
SPEAKER 09 :
Absolutely. You get a car owned by someone who is well-known in the car industry, right?
SPEAKER 03 :
Chip Foose, anybody along those lines.
SPEAKER 09 :
Yeah. You know, you get one of those cars, you’re talking a lot of money. Correct.
SPEAKER 03 :
You know, you get a… Well, I gave this example last week on air. So, Carroll Shelby, one of his cars, his own cars that he had personalized back in the day, and it was his driver, and it was all documented that that was the case, and it had been all restored, and the car was primo, primo nice. Went across Barrett-Jackson, brought $4 million. Now… Well, original AC Cobras bring a lot of money. Yes, but they’re not bringing $4 million. They’re in the million-dollar range, not the $4 million range. But because he owned it puts the price of that car up two, three times higher than it would have been regularly.
SPEAKER 09 :
And there’s a difference between owned and driven. Correct. So Elvis, for instance, is a prime example. He owned a lot of cars and bought a lot of cars for people. Yes. A car purchased by Elvis, given to someone else, as opposed to a car driven by Elvis.
SPEAKER 03 :
Night and day difference when it comes to prices. That’s a great point. I’m glad you just said that because there’s a big difference between one of those stars owning, driving, using the car, versus even just owning it and parking it versus owning it and giving it to somebody else. All three of those are different scenarios on the value of that car. Because, again, now folks, and some of you are saying, geez, John, why would that make any difference? At the end of the day, a car is still a car. Well, it’s like a piece of art. A painting hanging on the wall, its value can vary greatly upon even the same things we just mentioned.
SPEAKER 09 :
Absolutely. I mean, take Steve McQueen, for instance.
SPEAKER 03 :
Correct.
SPEAKER 09 :
You get a Mustang owned by Steve McQueen or you get his truck that was parked on his property that was used to go get groceries. He may have driven it, the truck, but I tell you what, that Mustang is going to pull way more value and not so much just value for the car, but the actual value. celebrity value added to it will be higher than it would. Even though Steve McQueen drove and owned the truck, it’s not connected as tightly with him as the Mustang would have been.
SPEAKER 03 :
Bottom line, folks, get things appraised, especially when it comes to your vehicles, whether you’re buying, you’re selling, you’re looking to buy, you’re even looking for a range of, hey, Burke, I’m thinking about buying such and such a car. What should I be looking at and how much money should I be willing to spend for said car? All of that Burke can help you with on the front side before you even make some of these decisions. And then those of you that have some of these cars, by all means, have it appraised, have it properly insured. I talked about that in depth last week. Make sure you’re properly insured. Otherwise, something happens, you’re going to be left out in the cold. One more time, Burke, how do folks get a hold of you?
SPEAKER 09 :
Best way to get a hold of us is 720-295-0108, or you can get us on Facebook or our website at bpautoappraisals.com.
SPEAKER 03 :
Perfect. Guys, we’re going to be up for our next program, so don’t go anywhere. Again, we’re live at the Rocky Mountain Car Show and SWAT meet. This is Fix-It Radio, KLZ 560.
SPEAKER 06 :
The views and opinions expressed on KLZ 560 are those of the speaker, commentators, hosts, their guests, and callers. They are not necessarily the views and opinions of Crawford Broadcasting or KLZ management, employees, associates, or advertisers. KLZ 560 is a Crawford Broadcasting God and country station.
