View Single Post
  #4  
Old 03-25-2015
Dave's Avatar
Dave Dave is offline
Administrator
 
Join Date: Feb 2006
Location: Penn
Posts: 12,104
Default

The classic formula was... depreciate the base chassis then add full retail cost of conversion.

Hypothetical:
Lets say a 2011 Mustang GT coupe is worth $18,000.00. And lets say conversion retail cost was $15,000.00. You would take the 18,000 and add 15,000 to come to $33,000.00.
Reply With Quote