1980 Triumph Spitfire $10,000 See Detailed Appraisal attached at … · 2016-04-04 · See Detailed...

1980 Triumph Spitfire $10,000

See Detailed Appraisal attached at the bottom of this ad.

Caleb Hartman - Ph. 250 758 3288 - email: [email protected]

mailto:[email protected]

Thank you for making Oceanside Auto Appraisers Ltd. your appraiser of choice.

Date of Appraisal:

Monday, October 13, 2014

Owner Information

Name:

Address:

Jennifer McCormick

3934 Shell beach Rd

Main Phone:

Fax:

Mobile:

Email:

250 732 7045

[email protected]

City:

Ladysmith

Province:

BC

Postal Code:

V9G1K6

Vehicle Information

Insurance Information

Insurance Agent:

Insurance Company:

Policy Number:

ICBC

Year:

1980

Make:

Triumph

Model:

Spitfire

Body Style:

Roadster

Colour:

Build Number:

Yellow

VIN:

TFLDW2AT006518

License:

BMX405

Province:

BC

Mileage:

66205KM

Miles

Kilometres

Covered?

Yes

Stored In:

Garage

Oceanside Auto Appraisers Ltd. - Jennifer McCormick's 1980 Triumph Spitfire

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VEHICLE ASSESSMENT

DRIVETRAIN/CHASSIS

Engine Size

Comments 1500 CC

Engine Compartment

Rating 5 - Excellent Comments

This is the stock engine for the model and year, The engine and engine bay are clean. 2 x SU now installed

Fuel

Comments 2XSU

Steering

Comments Rack and Pinion

Brakes

Comments Disc/Drum

Transmission

Comments 4 Manual with optional O/D

Exhaust

Comments Factory single, good condition


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VEHICLE ASSESSMENT (CONTINUED)

CONDITION ASSESSMENT

Front Bumper Area

Rating

5 - Excellent Comments No damage

Rear Bumper Area

Rating 5 - Excellent Comments No damage

Windshield

Rating

5 - Excellent Comments No stone damage, chips or scratches. No fogging or delamination. -As new.

Other Glass

Rating 5 - Excellent Comments

No stone damage, chips or scratches. No fogging or

delamination. -As new.

Headlights

Rating 5 - Excellent Comments No damage, working condition, trim unmarked.

Wheels

Rating 5 - Excellent Comments No damage, all trim in place

Tires

Position Front Rating

5 - Excellent Comments 165 65 13

Position

Rear Rating

5 - Excellent Comments 165 65 13


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CONDITION ASSESSMENT (CONTINUED)

Convertible Top:

Type Soft Rating

5 - Excellent Glass Condition

5 - Excellent

Comments

Trunk

Rating 5 - Excellent Comments Dry, rust free area, spare wheel cover, some wear and tear

Paint Quality

Rating

5 - Excellent Comments No dents, blemish, bubbling, chips, rust, or visible primer. Paint

is factory applied original single stage, correct color. Final coats are expertly applied to give quality finish, with no contaminants.


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VEHICLE INTERIOR

Door Panels

Location Front Left Rating 5 - Excellent

Location Front Right Rating

5 - Excellent

Comments No damage, no scuffing

Seats

Type Bucket Location Front

Rating 5 - Excellent Seat Belts? Yes

Comments No damage

Carpet

Rating 5 - Excellent Comments New

Dashboard Trim

Rating

5 - Excellent Comments Original with no damage, radio missing. Wood trim excellent. Correct instruments and controls.


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INSTALLED COMPONENTS

Car Audio

Comments None

Floor Console

Present? Yes Comments Correct and damage free

Tachometer

Present? Yes Comments Factory


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LITERATURE

Build/Sales Sheet

Present? Yes Comments Owner has invoice for invested monies


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VEHICLE CONDITION REPORT

1980 Triumph Spitfire Roadster VIN#TFLDW2AT006518 Owned by J McCormick of Ladysmith BC

Decode: N/A

Appraisal for insurance needs, possible sale Car presents as a low miles, well maintained car, with enthusiast upgrades.

Body Upper: "body on frame" vehicle restoration, floors replaced. Body and Paint: All steel body.

No dents, blemish, bubbling, chips, rust, or visible primer. Paint is original factory applied single stage, correct color. Final coats are expertly applied to give excellent finish, with no contaminants. Panel fit is excellent, panels alignment is excellent.

Opening panels operate with ease- no pinch point as the panels are operated. Doors lock shut securely. Rear Trunk area has been correctly prepared and finished, trunk area was inspected for dampness and rust, in crevice areas and spare wheel area, None found, the tools and spare are with the vehicle, may have been removed for photo's.

Under hood is clean, wiring is correctly routed and clamped out of the way of moving parts, and heat. Front bumper area is fully damage free, black composite material bumpers paint is unmarked has no stone chips to front facing panels, lights are unmarked and operational, trim excellent. Grill is unmarked.

Rear area including Black composite material bumper, trunk lid and rear lights, is unmarked-- no damage. Body glass in place with no delamination or fogging of any glass, windshield is unmarked, no scratches or rock chips, drivers line of vision is clear.

Body rubber seals are in place on doors, windows, and all other opening panels to create a watertight seal. Body trim stainless or chrome is either new or machine polished, is damage free and correctly fitted to the body Full new soft top, correctly installed with restored frame. Both top and window are excellent. Body Lower and Frame:

Underside of body and frame is damage free, spotlessly clean, with no sign of impact damage New steel floors installed, repainted correct color Mechanical: Engine and engine bay are clean. This is the stock engine for the model and year, 2 x SU carbs installed, Spitfire was originally sold in

some markets with the twin SU. Engine was started from cold, and quickly settled into a smooth Idle -- consistent and even- firing all 4 cylinders The engine was allowed to reach full operating temperature, with no undue sounds or smoke. No leaks under car

No oil in coolant No excess steam in exhaust. Original and unrestored 1500cc engine

Transmission has no undue sounds from worn components 4 speed manual, with electric overdrive. Standard drive to rear. Suspension front and rear is original Brakes are original with recent service history

Wheels correctly restored original steel wheels with trim, and new radials Interior: Clean, undamaged original. Black vinyl trim. Bucket seats free of any damage, no rips or tears.

Seat belts installed New interior carpets, black in color, New optional cloth soft top rear window undamaged

Dash shows as original with no damage no wear or sun damage to wood trim Radio missing All correct original instruments, steering wheel, and column are installed. Centre console area is clean and also free of damage.


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Black vinyl door panels are fitted with speakers at lower leading edge, panels front and rear and complete and free of any damage, or scuffing Vehicle rated as -Excellent "driver" 4.9 star out of 6. The car has many upgrades, would make an excellent fun summer car.

Determination of approximate market value and Insurance replacement value. Vehicle Type;

Condition 4.9 Comments -Excellent "Driver"

2014 Guides $11,000 Insurance Guide $16,000 Dealers Assoc Guide $14,000 Concept guides $10,000 Canadian web sales Auction Values US / International Other

AUCTION USA: Lot 307 Reserve Type NO RESERVE Status Sold Price $16,500.00 Year 1978 Make TRIUMPH Model SPITFIRE Style ROADSTER VIN FM75062UC Exterior Color ROYAL BLUE Interior Color Cylinders 0 Engine Size 0 Transmission Description This is a fine example of an original Spitfire with a mild restoration, original rust free car with new paint, new interior upholstery and

custom microlite racer mags. Runs and drives excellent, turbo exhaust system,

fast appreciating sports car.

Auction PBCCA Palm Beach 2005 Reserve NO RESERVE Status Sold Price $18,150.00

Lot 313 Year 1980 Make TRIUMPH

Model SPITFIRE Style CONVERTIBLE *Includes Buyer Commission

PRIVATE USA: 1979 Triumph Spitfire 1500 2014-06-07 by john m LAVACA, ARKANSAS, USA usa

Price $11,800


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UK: CC-575107 For Sale: 1980 Triumph Spitfire in Somersham, United Kingdom

6,995 GBP Converted to US$11,200 EUROPE: Price: £8350 Converted to US $ 13,400

Advert Type: For Sale Category: Classic Cars Make: Triumph

Model: Spitfire Model (alt): SPITFIRE 1500 Year: 1979 Country: Spain

Region: International Telephone: + 34 963.745.397 Status: Trade E-mail: Contact Advertiser via Email

Listing Date: 29-Sep-2014 Ref: C450636


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DEALER:

Price: $11,995 Body Style: Convertible Stock No.: DET241 Mileage: 29447 Interior: Black

Exterior: Red Location: O'Fallon, Illinois, United States

Description: 1979 Triumph Spitfire for sale in our Detroit Showroom. This car is mostly original with a repaint 10 years ago that still looks great today. This Triumph for sale comes with the soft top hard top boot cover tonneau cover manuals

and the original carburetor and exhaust manifold. The 1500 CC engine mated to a 4 speed manual with overdrive is a blast to drive! The 29447 on the odometer is actual mileage! Options include manual convertible top hub caps radial tires vinyl and cloth interior and seat belts. This is an American

Market Spitfire 1500 which is easily identified by the big plastic over-riders and wing mounted reflectors on the front and back wings. The US specification models up to 1978 still had chrome bumpers but on the 1979 and 1980 models these were replaced by black rubber bumpers with built -in

over-riders. Chassis extensions were also fitted under the boot to support the bumpers. Dont miss out on this low mileage Spitifre! These are fun cars and wont break the bank. Located in our Detroit Showroom this 79 Spitfire

for sale can be seen including HD pictures and video at


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Data based on 5 auction sales

•Average Sale Value : $9,042 •Lowest Sale Value : $3,771 •Highest Sale Value : $18,150 Due to the Collector Car Market values usually increasing rapidly, owner will be contacted early 2016 and reminded that

appraisal is valid for insurance for a period of 24 months. -Owner’s responsibility to keep copy of Appraisal and Photos, to produce it for insurance should it be required. Owner has receipts, for investment amounts and can produce them for insurance if needed

Info on file: If this car has been accepted by ICBC as part of the Collector Car Program, in the past. Any changes to the car following are the responsibility of the owner.

www.GatewayClassicCars.com or call 313-982-3100 for additional

information. $11,995

Average of above $13,400US Approx. Can Market Value $ Converted on 2014/10/13

$15,000Cdn This is the approximate fair market value for an above average

condition vehicle in essentially the

stock or factory configuration but

showing some minor age and wear. The estimation is based on available

reference guides and where possible

on local sale/auction activity. Other Factors Considered +$500 for factory hard top. =$1700 Overdrive +$1700 Reworked / Replacement Parts that would add to or take away from the market value expected for an “above

average” condition vehicle.

Powertrain; Original/Overdrive added Brakes & Suspension: Original Interior: in above average condition Bodywork: Excellent restored floors

Paint: Minimal aging – Needs polish Fair market Value $16,700Cdn This is the appraised value for

insurance purposes

OVERALL VEHICLE CONDITION

EXCELLENT (5) ««««« Restored to current professional standards of quality in every area; or original with all components operating and appearing as new.

FINE (4) «««« Well-restored or combination of superior restoration and excellent original; or extremely well maintained original showing very minimal wear.


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VEHICLE HISTORY REPORT

Stock vehicle values over time USA


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With respect to insurers or others who may be concerned, the following information is pertinent. It is hereby stated that, to the best of our

knowledge and ability, the estimated appraised value of this vehicle, in Canadian dollars is:

This appraisal value herein is deemed to be a current fair market value of the specified vehicle as determined by the appraiser as of the date of the appraisal. Current fair market value of the vehicle is determined by defining fair market value as the price expressed in terms of money, is an opinion

of the vehicle's value as if it was being purchased at the time of appraisal in an open and unrestricted market between a willing buyer and seller who are knowledgeable, informed, and prudent and who are acting independently of other, neither being under any compulsion to buy or sell. Any information obtained from the client and used in this evaluation process remains the responsibility of the client. Oceanside Auto Appraisers Ltd. will not be liable where the client has misrepresented any such information pertaining to the vehicle, either by negligence or intentionally. This appraisal does not include any opinion as to a mechanical condition or road worthiness of this vehicle. Only an independent mechanical

inspection by a qualified licensed mechanic or auto body technician can determine these factors, which may have a further effect on the appraised

value of this vehicle. In recent years, the collector market has gone through value cycles and fluctuations and it would be advisable to re-evaluate the vehicle periodically

to reflect this changing market. I hereby certify that Oceanside Auto Appraisers Ltd., per David Sampson, has no interest in the vehicle appraised.

APPRAISAL CONTRACT

This CONTRACT refers

to: 1980 Triumph Spitfire VIN# TFLDW2AT006518 owned by Jennifer McCormick

$16,700

November 9, 2014

David Sampson Date


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PHOTOGRAPHY RELEASE

Grant

For consideration which I acknowledge, I irrevocably grant to Oceanside Auto Appraisers Ltd. ("Company") and Company's assigns, licensees and

successors the right to use the likeness of the vehicle listed above and to photograph, copy, publish, display and use images of the vehicle in all forms and media including composite or modified representations throughout the world and in perpetuity for whatever reasons the Company shall see fit. I waive the right to inspect or approve the manner in which the images of the vehicle are used and waive the right to inspect any text that is used in

connection with the images of the vehicle. Company is not obligated to utilize any of the rights granted in this Agreement.

WARRANTY, INDEMNITY, AND RELEASE I warrant that I am the owner of the vehicle and have the authority to grant the rights under this agreement and agree to indemnify Company from any claims regarding my ownership of the vehicle. I release Company and Company's assigns, licensees and successors from any claims that may arise

regarding the use of the images of the vehicle. I have read and understood this agreement. This Agreement expresses the complete understanding of the parties.

This RELEASE refers to: 1980 Triumph Spitfire VIN# TFLDW2AT006518 owned by Jennifer McCormick

Jennifer McCormick Date


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1980 Triumph Spitfire $10,000 See Detailed Appraisal attached at … · 2016-04-04 · See Detailed...

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