Nash Metropolitan Convertible 1958

Make: Nash
Model: Special
Type: Convertible
Trim: Metropolitan
Year: 1958
Mileage: 58,000
VIN: E49737
Color: Red
Engine size: 1500cc
Number of cylinders: 4
Fuel: Gasoline
Transmission: Manual
Drive type: RWD
Interior color: White
Drive side: Left-hand drive
Options: luggage rack, white walls, Convertible
Vehicle Title: Clear
Location: Honolulu, Hawaii, United States

Description

Here is the original vehicle appraisal report from when we bought it - i can send teh full copy with images if you like.

There is a video of the Metro being driven through Ala Moana shopping centre - a bit slow -https://youtu.be/biIDFJ3Vafk

APPRAISAL REPORT

1958 Metropolitan Convertible

PREPARED FOR

Oska Truffaux

PREPARED BY

CLASSIC AUTO APPRAISER

A professional automobile valuation service for all types of vehicles

CLASSIC AUTO APPRAISER

170 Fisher Station Road, Durant, OK 74701~(817) 429-9998 (580) 931-0340 (214) 274-9205

___________________________________________________________________________

July 12, 2013

Oska Truffaux

(808) 258-1067 oska@truffaux.com

Dear Mr. Truffaux,

In compliance with your recent telephone request, I have appraised the above-referenced vehicle and I have enclosed the appraisal report, which constitutes my analysis and conclusion of the vehicle.

The stated market value as of July 12, 2013 is $19,000.00
Thank you very much for your business and if you should have any questions please don’t hesitate to call.

Sincerely,

Don Shipman Classic Auto Appraiser

PURPOSE

PURPOSE AND SCOPE OF REPORT

The purpose of this report is to estimate the stated market value of the vehicle described herein as of the inspection date.

STATED MARKET VALUE DEFINED

The stated market value of the vehicle is the highest price on the date of valuation that would be agreed to by a seller, being willing to sell, and by a buyer, being willing to buy, under no particular necessity for so doing, each dealing with the other full knowledge of all the uses and purposes for which the property is reasonable, adaptable and available.

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 made for differences in equipment, mileage, cosmetics, sale terms and current economic conditions at the time of inspection.

ASSUMPTIONS AND LIMITING CONDITIONS

Information provided by the owners, parties to sales and others are assumed to be reliable although accuracy is not checked or guaranteed.

IDENTIFICATION AND DESCRIPTION OF VEHICLE AUTHORIZED APPRAISAL

This narrative is an attempt to determine a valuation as of the inspection date.

VEHICLE IDENTIFICATION:

VEHICLE MAKE: MODEL YEAR: MODEL:
BODY STYLE:
VIN NUMBER: LICENSE NUMBER: ODOMETER READING:

VEHICLE DESCRIPTION:

EXTERIOR COLOR: INTERIOR COLOR: EQUIPMENT: ENGINE AND TRANS;

Metropolitan 1958

Convertible E49737 N/A 54,593

Mardi Gras Red
Frost White with Black Houndstooth AM RADIO

1.5 Liter 4 Cylinder with 3 Speed Manual Transmission

INTERIOR INSPECTION

CLASSIC AUTO APPRAISER EXTERIOR INSPECTION

POOR FAIR GOOD V. GOOD EXCELLENT

BODY		X
PAINT	X
TRIM	X	X
EMBLEMS		X
FRONT BUMPER		X
REAR BUMPER		X
UNDERCARRIAGE	X
WHEELS		X
TIRES		X
GLASS		X
SEALS/W-STRIP		X
CONV. TOP		X
VINYL TOP N/A
HARD TOP N/A

POOR FAIR GOOD V. GOOD EXCELLENT

HEADLINER N/A
SEATS	X
DOOR PANELS		X
DASH PAD		X
INSTR. PANEL	X	X
REAR SHELF		X
INTERIOR TRIM		X
FLOORING		X
TRUNK/BED		X
ENGINE COMP.		X

STATEMENT OF APPRAISAL

The undersigned hereby declares that:

A physical inspection of the stated vehicle appraised was performed.

There is no undisclosed personal interest, presently or contemplated in the future, in the vehicle appraised or the proceeds to be derived there from.

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

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 the available facts.

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.

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.

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

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.

The appraiser herein, by reason of this appraisal is not required to give testimony or attend court or any governmental hearing with reference to the property in question without prior agreement as to fee for additional services desired.

After having considered all the relevant factors, it is the opinion of the appraiser that the stated market value of the subject vehicle as of the inspection date is $19,000.

Respectfully submitted,

Don Shipman

CLASSIC AUTO APPRAISER

SUMMATION OF VALUE

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

 The overall cosmetic and mechanical condition of the inspected vehicle
 The demand and available supply of comparables
 Dollar amounts indicated by the value guides
 The expertise of the appraiser
 Opinions of dealers who have handled the model in the past, and would market the vehicle currently
 Auction results listing actual sold cars or the highest dollar bid against an owner’s reserve

The appraised vehicle, appraised as noted is a very nice example of a 1958 Metropolitan Convertible. .
Mechanically, the appraised vehicle is credited as performing with no operational malfunctions and/or driving problems.

Additionally contained in this report are examples of comparables, when available, for sale at the marketplace. Asking prices fluctuate depending upon the overall cosmetic appearance and condition, originality, the mechanical history and performance, recorded mileage, and configuration of power train, options, and accessories.

Based upon the on-site inspection of this vehicle and with consideration for all the information and dollar amounts determined as relevant to this report, the appraiser has determined a stated market value of:

STATED MARKET VALUE: $19,000.00

The stated market value is the opinion of the appraiser and the management of Classic Auto Appraiser and is arrived at after careful study of information we consider reliable. However, we assume no responsibility for errors and/or omissions.

Collector Car Market Review Value Report

1958 METROPOLITAN

#5 #4 #3 #2 #1

2dr Convertible 1250 5200 8675 11525 19125

1958 Metropolitan (Nash-Hudson) Metropolitan 2 Door Convertible (AMC)

Original Low Average High MSRP Retail Retail Retail

Base Price $1,650 $6,075 $12,700 $20,000 TOTAL PRICE: $1,650 $6,075 $12,700 $20,000

SUBJECT VEHICLE

SIMILAR VEHICLES FOR SALE 1959 Nash Metropolitan Convertible

Price: $14,500
Body Style: Convertible Mileage: 200 Condition: Excellent Interior: Black And

White Houndstooth Exterior: Blue/White Location: Norfolk, Virginia, United States

Description:

Up for sale is our beautiful 1959 Nash Metropolitan Convertible. Car is a fresh restoration with approximately 200 miles since completion. Nice desirable Berkshire Green and White paint. New proper interior with Black and White Hounds tooth Upholstery and White Top. Has many updates for fun reliability to address several of the troublesome issues. 4 wheel disc brake conversion kit, new wiring harness, 12 volt alternator conversion. New fuel tank and lines. New exhaust. Great, reliable, attention getting fun with economy to boot. Include are many spare parts including: engine, transmission and multiple boxes of small spares. This car is ready to go anywhere, just jump in and drive!!

$14,500 757-652-7120

Lot T169 1954 Nash Metropolitan Convertible 3-Speed

Kissimmee, FL Auction January 26-30, 2011

DESCRIPTION

- A nice restored car
- First year for the Metropolitan - Show quality paint
- Detailed engine compartment - Correct 1200 motor

Sold Price: $17,750

- All new wiring
- New wide white tires
- Starts every time, runs and shifts excellently - A great car to show or drive around town

Lot G43 1960 Nash Metropolitan Convertible

Kissimmee, FL Auction January 24-29, 2012

DESCRIPTION

- Just finished a complete nut and bolt restoration including a brand new convertible top, new interior and new wide whitewall tires

- In 1960, chrome was cool and designers were not afraid to show it off

Sold Price: $21,000

- Proof of this is in the Flying Lady hood ornament that is possibly the biggest ratio accessory this car has with styl, zip and a zest for fun
- This car proves that big things come in small packages
- Lovingly nicknamed "Oreo," milks best friend

Lot T286 1960 Nash Metropolitan Convertible 1500 CC, 3-Speed

Dana Mecum's 25th Original Spring Classic Auction May 15-20, 2012

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HIGHLIGHTS

- Ground-up restoration completed in 1995

Sold Price: $25,000

- Believed to be 10,000 original miles
- Driven less than 100 miles since restoration - Recent fuel and brake system overhaul
- Won numerous awards

DESCRIPTION

Extensive research with public focus groups convinced Nash Motors of the demand for its NXI, an experimental sub-compact car introduced in 1949. Put into production in 1954 with a last-minute

name change, the Nash Metropolitan was manufactured until 1961. Today, the tiny Metropolitan is a sure-fire star wherever it goes. Case in point: this charming low-mileage 1960 convertible, which has been driven fewer than 100 miles since a ground-up restoration in 1995 and now shows a

believed-actual 10,000 miles. A multiple award winner, it features recently overhauled fuel and brake systems.

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