Current market values

[tbruz]

July is the time to renew my classic insurance on my restored-to-showroom-new stock condition 1976 Bronco.
Currently with Grundy at $100K agreed to value.
Likely going to State Farm as they have all my other insurance coverages, home umbrella, daily cars,....
More importantly State Farm will allow me to drop coverage during the November thru March non-drive months in NH whereas Grundy will not.

I used the Haggerty valuation tool ( which I feel is self-serving to their business) the value of a concours condition 1976 Bronco Ranger 302 auto is $160K
A excellent example is $93,400.
I feel mine is squarely between these two conditions; excellent to concours.

I realize the market for Broncos is not as red hot as it was 2-3 years ago.
Has the market softened enough that $100K would get you a minty fully restored to stock 1976 Bronco Ranger?
Thanks in advance
Tbruz

 

[WheelHorse]

Minty, fully-restored are moveable goal posts.

They're only original once, but even those don't command the prices as do the 20" wheel Broncos with a Coyote and 6 or 10 speed auto.

There's restored. But this VARIES greatly what you considered restored and properly restored.

When I see a Bronco that's redone, and all door gaps are dead on, no lower door corner sticking out or waves down the side, there's 50K in body labor. When I see a spray bombed engine compartment, forget the flipper. When I see off colors, forget the flippers. I could go on with how many junks are on BaT and there's enough money laundering on there for "investment purposes" it's a great place to dump less-than-stellar rides.

If you had a cash payout (say yours is a total loss) and were willing to find an older, honest member on here, what could you replace yours for? That is the question. There are plenty of hacked, over-priced junks on Marketplace and BaT.

Insure it for an agreed value.

 

[AZ73]

How about some pictures? And to be sure, hire an appraiser. I looked at Haggerty's valuation tool and could not determine if it broke out something like a concourse restomod like Velocity or Nick's Trix Bronco with a Coyote engine compared to a Concourse restored stock Bronco, nor if the Bronco was an original Stroppe or just a Ranger. I visited Bringatrailer, Barrett-Jackson, and Mecum historical sales prices (taking off the commission from the listed price) and saw one restored stock Bronco in excellent shape that sold for just over $100,000K. Most of the rest were well below that. So, for example, you claim concourse but do you have the correct tags on the carburetor, seats, engine and trans? Do you have this marking under your steering column? Correct markings on the inner quarter panel inserts? Correct sticker on the valve cover? Correct engine block casting? Correct color of the door tag for your year vehicle? (Marti sends out blue unless your request a different color)? The correct markings on your glass? Is your window trim annodized like factory, or polished? Is every nut, bolt, and screw the correct one? Do you have the correct cupped washer on the radius arm bushings? I'm not saying your's isn't "concourse", but the term concourse means different things to different people. Some it means everything's pretty and clean and stock. Other's mean it's 100 points on a judging scale. If you want to get an education, go watch some judging of "concourse" C2 Corvettes, or head up to the Concourse de Elegence in Monterey and see what the judges are looking for. Hard to judge without pictures and your definition of councorse. The reality is your Bronco is worth exactly what you think it is, to you. You should insure it to that level.

 

[hyghlndr]

Reality not likely.

 

[tbruz]

I stated mine is squarely between concours and excellent and insured for agreed to value of 100K.

My restoration choices did not include adding inspection stamps because I wasn't going for concours; perfect paint was my goal not concourse judgement.
To your point though, yes It does have the seat tag, the original carb tag, both valve cover tags and the cupped washers on the control arms.
It also has the original owners metal embossed VIN card with delivery paperwork(I'm the second owner), all original sheet metal except DS floorboard toe section, all 8 original carlite glass panels, the original radiator tank ends with ford PN (albeit re-cored with copper), the original water pump housing with FORD cast into it(rebuilt), 50% original ford hoses, original motorcraft cast ignition module; all original Ford lenses, and unfortunately only one ford script headlight
I think my estimation of condition is accurate; somewhere between excellent and concours.

The question is does $100K buy a fully restored to stock 76 Bronco in this softened market?
Thanks
tbruz

 

[toddz69]

The question is does $100K buy a fully restored to stock 76 Bronco in this softened market?
Thanks
tbruz

I think that amount would give you a lot of options, and probably what you want, in today's market if you had to find another vehicle.

Todd Z.

 

[spap]

My State Farm said I will have to switch to hagerty, this was a week ago

 

[hyghlndr]

Stock doesn't bring the big bucks, if you do some work you can buy a very nice one for 40-60k.

 

[Shimmy]

agree with this^

it's the clean restomods that are in the $100Ks.