CLASSIC APPRAISALS LLC · Classic Appraisals LLC (414)-916-9122 ... License Plate WI Collector VIN 1Z8749SXXXXXX ... Steering performance 3

1979 Chevrolet Corvette

Classic Appraisals LLC (414)-916-9122 - Waukesha, WI 53188 www.ClassicAppraisals.biz - email:[email protected]

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CLASSIC APPRAISALS LLC

Date and Time of Inspection: Monday, July 25, XXXX 6:30 p.m. Year / Make / Model 1979 / Chevrolet / Corvette Coupe License Plate WI Collector VIN 1Z8749SXXXXXX Vehicle Owner: Client: Address: Phone: Reason for Appraisal: Pre-purchase Valuation

TEST DRIVE 1. Does the vehicle drive straight - Did not test drive 2. Steering performance 3. Brake Performance 4. Suspension Noise 5. Bounce Test

ENGINE

1. Size Chevrolet 350 V-8 – Bored to 355 2. Fuel System Carburetor 4 Barrel Quadrajet 3. Leaks None 4. Smoke None 5. Noise None 6. Oil Pressure 70 lbs factory gauge 7. Temperature 180 degrees factory gauge 8. Voltage 14 volts factory gauge 9. Performance / Run / Idle Very smooth idles perfectly 10. Comments Engine is rebuilt with less than 2,000 miles per

owner

TRANSMISSION 1. Type Manual 4 speed 2. Fluid Level 3. Leaks None 4. Performance 5. Comments New clutch

STEERING TYPE

1. Type Power 2. Fluid Level Full 3. Leaks None 4. Comments Replaced power steering lines



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BRAKES

1. Type Power – front disc, rear disc 2. Fluid Level N/A 3. Leaks None visible 4. Comments Dual Reservoir – surface rust – new calipers and rotors

AIR CONDITIONING

1. Function Available 2. Leaks 3. Comments New compressor – cold

SUSPENSION 1. Type A-arms coils and IRS transverse leaf 2. Drive train type RWD 3. Noise None 4. Leaks None 5. Joints U / CV 6. Comments Rebuild front end (ball joints, tie rods, stabilizer end link

bushings,….) Rear new shocks original bushings COOLING SYSTEM

1. Electric or Belt Belt with clutch and puller electric fan 2. Performance Green 3. Leaks None 4. Comments Re-cored radiator

WHEELS

1. Type Corvette aluminum rims – a few imperfections and scratches 2. Tire Size 255/60/15 BF Goodrich Comp TA 3. Tread Deep tread older – hard rubber – not cracking

EXHAUST

1. Type Cross over single – no catalytic converter – into Y pipe 2. Mufflers DynoMax - newer 3. Headers Stock cast 4. Accessories (chrome tips) Chrome tips surface rust 5. Comments Surface rust – no holes

ACCESSORIES (OP- Operation, INOP – Inoperable, N/A)

Exterior Lighting Power Windows Power Mirrors Security System OP OP N/A N/A Radio Interior Lights Power Locks Clock OP OP N/A OP



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Fuel Door Rear Defrost Horn Power Seats N/A OP OP N/A Trunk Release Hood Release Cruise Control Turn Signals N/A OP N/A OP Gauges Wipers Power Antenna Heater OP OP OP OP Comments All components are operational – aftermarket CD stereo Pioneer

INTERIOR 1. Seat Color Black Buckets 2. Material Leather 3. Chrome Original handles and knobs – pitted and scratched along

with door sills 4. Carpet Newly installed black 5. Headliner T tops no cuts or sagging 6. Dash Original cracks in left corner and center edge 7. Trunk Area under Carpet N/A

8. Comments Interior is nicely restored – replaced upholstery , door panels, and carpet

BODY PAINT 1. Straight / Waves Straight body and bumper – gaps off driver door to

fender and right hood to fender 2. Color Red – originally Black 3. Glass Windshield and driver’s side replaced – scratches on

both side glass 4. Quality of Paint Very good – paint blemish right fender behind wheel 5. Collision Damage None present 6. Rust N/A 7. Bondo N/A 8. Rubber New in doors, A and C pillars original drying and

cracking 9. Molding Bumpers good – front bumperettes peeling and

cracking – grill good 10. Jack / Spare / Lug Wrench Yes available 11. Comments Body solid and smooth good wheel well lips – gaps at

door and fender might indicate prior removal or repair - original visors and seatbelt

SOFT TOP SPORT TOP OPTIONS 1. Condition Very good 2. Color Red



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3. Fit Finish Tight 4. Power Option Manual 5. Locking Mechanism Manual 6. Stowage 7. Rear Window 8. Frame 9. Comments Rubber drying on perimeter

UNDERCARRIAGE

1. Frame Good surface rust minimal scaling - painted 2. Front End Type Control arms upper and lower rebuilt 3. Floor Pan Solid floor pans - dent in pan in front of rear right

wheel 4. Trunk Pan 5. Comments Original presentable not detailed

VEHICLE INFORMATION

1. VIN on Title 2. VIN on Car 1Z8749SXXXXX

1=Chevrolet, Z=Corvette, 87= 2 door coupe, 4=350 4V L82, 9=1979, S=St. Louis, 420407=sequential number

3. Body Tag: F25= January 25, 1979 Trim 192=Black Leather, 19L=Black paint

4. Engine Block Number if Accessible Painted over could not read pad 5. Is Title Available and Matching 6. Odometer 71,787 original 7. Original Documentation None 8. Receipts of Work N/A 9. Brake and Gas Pedal Wear? Brake and clutch pad replace – gas worn 10. Class Condition (1-6) see below Between 2 to 3

OVERALL COMMENTS The vehicle is nicely restored and is a VIN code L82. The engine was rebuilt 2,000 miles ago and operates smoothly. The vehicle had the interior redone (seats, panels, carpet). The paint is very good with some imperfections by right wheel and drips peeling in door jambs. The lenses are coded 1975 and are original and faded with some stress cracks. The gaps on the driver’s door to fender and right hood to fender are off alignment and could indicate prior repairs. The frame is solid and is not rusted. The windshield and driver’s glass have been replaced. Total 1979 Corvettes produced was 53,807 with 10,465 being black and 14,516 being L82s. FAIR MARKET VALUE $ 15,500 We have utilized similar vehicles recently sold or in the process of being sold. The subject vehicle is a nice combination of survivor and restoration. The drive train is solid. The body is in very good condition. The first comparable is a high caliber vehicle that did not sell. The second is an automatic and the third is a manual that both sold. The redone interior, body, suspension, brakes and engine adds



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additional value. We believe the subject vehicle is above comparable #3’s average rating and the price guide adjusted for the newer drive-train. These items are taken into consideration when creating a value for the vehicle. COMPARABLES Collector Car Market Review Value Report July 2011

1979 CHEVROLET CORVETTE 350-195hp (8cyl-4V) AT #5 #4 #3 #2 #1

Coupe 3575 6275 10500 14750 22200

Add:

350-225hp (8cyl-4V) 15%

4spd manual trans 10%

#1 Mecum Lot F115 1979 Chevrolet Corvette 350/220 HP, 4-Speed High Bid: $19,000 Bloomington Gold Corvette Auction June 24-25, 2011

DESCRIPTION - I purchased this car new in 1979 - It is as it came from the factory - Received Survivor award on 2009 - L82 engine - 4-speed - Glass tops - Gymkhana suspension - AM/FM CB radio - Power windows - Factory spoilers - Aluminum wheels

#2 Mecum Lot S139 1979 Chevrolet Corvette L82 350/225 HP, Automatic Sold Price: $11,500 Bloomington Gold Corvette Auction June 25-26, 2010

DESCRIPTION- Matching numbers - L82 350/225 HP engine - Factory air conditioning - Power windows and locks - Tilt/telescopic steering column - Polished aluminum wheels - Front and rear spoilers - Runs and drives great



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# 3 Cars On line 1979 Corvette Stingray SOLD

Corvette Stingray. Matching number L82 engine, 4 speed, Glass T-tops, factory a/c, with power windows and AM/FM Radio. This 87K mile car is light blue (one repaint) and has the original oyster interior. It has corvette ralleys with B. F. Goodrich radial T/A's 275R6015 rear and 255R6015 front. I can't find any evidence of any body damage on this car and the frame is nice. The current average NADA Classic car guide for a 79 corvette L82 with these options is $16,000.00. This car is definitely average and our price is $2500.00 below average book. Mechancially sound and drives great. PRICE REDUCED $ 12,800 PRICE REDUCED

PHOTOS



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DISCLAIMER By accepting this report, the consumer acknowledges that Classic Appraisals LLC cannot be held responsible for any and all alleged vehicle defects, and further, the consumer releases and holds Classic Appraisals LLC harmless from any and all further claims on this vehicle. No warranty for this vehicle is implied or given by Classic Appraisals LLC or its inspectors. In each case, the owner has the opportunity to see the car in person before he or she buys the car. Buying this car based upon this report alone is completely at the consumers’ own risk.

CONDITION CLASSES

#1 Excellent: A close to perfect original or a very well restored vehicle. Generally a body-off restoration, but a well done body-on restoration that has been fully detailed may qualify. The vehicle is stunning to look at and any flaws are trivial and not readily apparent. Everything works as new. All equipment is original, NOS, or excellent quality reproductions. Note: This is NOT a 100 point trailered show car.

#2 Very Good: An extremely presentable vehicle showing minimal wear, or a well restored vehicle. Runs and drives smooth and tight. Needs no mechanical or cosmetic work. All areas (chassis not required, but may be) have been fully detailed. Beautiful to look at but clearly below a #1 vehicle.

#3 Good: Presentable inside and out with some signs of wear. Not detailed but very clean. Body should be straight and solid with no apparent rust and absolutely no rust-through anywhere. Shiny, attractive paint but may have evidence of minor fading or checking or other imperfections. Runs and drives well. May need some minor mechanical or cosmetic work but is fully usable and enjoyable as is.



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#4 Fair: runs and drives OK but needs work throughout the vehicle. Body shows signs of wear or previous restoration work. Any rust should be minimal and not in any structural areas. Cosmetics, body, and mechanics all need work to some degree.

#5 Poor: In need of complete restoration, but is complete and not a rust bucket beyond repair. May or may not run and drive. Not roadworthy.

# 6 Parts or Salvage: Incomplete vehicle most useful for parts. Generally, take 40-50% of the #5 value.

Classic Appraisals LLC (414)-916-9122 W315 S2828 Roberts Road Waukesha, WI 53188 Inspector ___________________________ Date ________________



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CLASSIC APPRAISALS LLC

BUSINESS CODE OF ETHICS & APPRAISAL DEVELOPMENT

Phone: (414)-916-9122 - www.ClassicAppraisals.biz - e-mail: [email protected]

Certified Methodology of Appraisal

The Appraisal Foundation's Uniform Standards of Professional Appraisal Practices (USPAP)

Customer Values

1. Impartial opinion – I am not associated with a vehicle dealership or automotive restoration

shop that would have an ulterior motive to generate additional business.

2. I do not receive commissions or payments from insurance companies to direct business

toward them.

3. I treat all of my clients and their vehicles with respect and value their opinions and

information.

4. I am very objective in my approach. I appraise all vehicles as if I were to personally

purchase them. I will accentuate the positive aspects while pointing out the negative

ones as well.

5. A detailed informative appraisal report will be forwarded to the customer in a timely

manner usually within 5-7 business days.

6. Above all, I perform the appraisal service with integrity, honesty, and professionalism.

Fair Market Value – Definition

The price that an informed / interested but not desperate buyer would be willing to pay and an informed /

interested but not desperate seller would be willing to accept on the open market assuming a reasonable

period of time for an agreement to arise.

Price Determination

Based upon a scale of #1 (a high point show car) to #6 (parts car), I will determine a fair market value

based upon investigating the following:

1. Current auction results

2. Internet asking prices

3. Trends in the collector vehicle market

4. Current Price guide booklets – (NADA, Old Car Price Guides, etc…)

Method of Valuation

The value is estimated by current market data comparison supplemented by cost information. The

vehicle is compared with others for sale and that have sold in the general time period. Adjustments are

http://www.classicappraisals.biz/



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made for differences in equipment, mileage, cosmetics, sale terms, color hues, and current economic

conditions at the time of inspections.

Summation of Value

Our conclusion as to dollar value is based on three or more of the following:

1. The overall cosmetic and mechanical condition of the inspected vehicle.

2. The demand and available supply of comparables

3. Dollar amounts indicated by the value guides

4. The expertise of the appraiser

5. Opinions of dealers who have handled the model in the past, and would market the vehicle

currently

6. Auction results listing actual sold cars or the highest dollar bid against an owner’s reserve

Additionally, contained in this report maybe examples of comparables when available, for sale in the

marketplace. Asking prices fluctuate depending upon the overall cosmetic appearance, condition,

originality, the mechanical history and performance, recorded mileage, and configuration of power train,

options, and accessories The stated market value is the opinion of the appraiser and the management of

Classic Appraisals LLC and is arrived at after careful study of information we consider reliable. However,

we assume no responsibility for errors and / or omissions.

Statement of Appraisal

Classic Appraisals hereby declares that:

1. A physical inspection of the stated vehicle appraised was performed.

2. There is no undisclosed personal interest, presently or contemplated in the future, in the vehicle

appraised or the proceeds to be derived there from.

3. Neither the employment nor the compensation for this report is contingent upon the value

estimated herein

4. To the best of my knowledge, the statements in this report are correct and the opinions stated are

based on a full and fair consideration of all available facts.

5. The findings reported herein will not be revealed to anyone other than the named recipient

without permission or until required to do so by due process of law.

6. A copy of this appraisal report is kept in our files for a period of five years, together with original

notes from which it was prepared.

7. The fee for the appraisal report is not contingent upon values reported.



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8. No investigation of legal title to the appraised vehicle has been made and owners or tenant’s

claim to the property has been assumed to be valid. No consideration has been given to liens or

encumbrances that may be against the property except as specifically stated in the appraisal

report.

9. The appraisers herein, by reason of this appraisal is not required to give testimony or attend court

or any governmental hearing with references to the property in questions without prior agreement

as to fee for additional services desired.

Credentials

1. Over 25 years of collector vehicle market experience in restoring, buying/selling, and maintenance.

2. Member of The Appraisal Foundation

3. Preferred supplier for American Family and Hagerty Insurance companies

4. Attend national and regional automotive auctions (Pebble Beach, Iola, Bloomington Gold)

5. Own, Restored, modified, and decoded several Corvettes and GM “A” Bodies along with other makes

and models.

6. Subscriber to several monthly automotive periodicals that identify trends, pricing, and the classic

vehicle market direction.

7. Patented automotive fuel filler device

8. B.B.A. – Finance degree University Wisconsin Milwaukee

9. Certified Treasury Management Professional

10. Founder of Elmbrook Church’s - Christ’s Classic Cruisers automotive ministry with over 165 members.

Documents

CLASSIC APPRAISALS LLC · Classic Appraisals LLC (414)-916-9122 ... License Plate WI Collector VIN 1Z8749SXXXXXX ... Steering performance 3