31 replies to this topic

[CocoPops]

So, in light of my recent insurance quote for an agreed value, I thought I'd put it out there for discussion...

 

Spec of my car is as follows:

 

2003 VX220 Solid Yellow 18k miles Full Service History (Vaux and then BoT/CourtenaySport) Gaz Golds (have done 6k miles) (also standard Bilsteins available) TD 16/17 with AD08s (also Standard VX220 NA wheels available) Stage2 SuperCharger Conversion (All new parts, 6k miles)     LSJ Throttle Body     EliseParts Radiator     Elise Shop Radiator Hose (silicone with bleed nipple)     ProAlloy Charge Cooler     Alloy Racing Fabrications Header Tank for CC system     ITG Alloy Air Intake     Walbro Uprated Fuel Pump Piper 2.5" Cat Section 2Bular 2.5" Rear Silencer Carbon Fibre VXT Spoiler (2QU Gloss Black) VX220 Turbo Ears (2QU Gloss Black) VX220 Turbo Splitters

Armorfended Front VX220 Turbo Roof Seal Black Windscreen surround (LY/Exige Fitment) AP Racing Alloy Belled Front Discs Pagid RS14 Pads all round (6k miles) Carpet Set Carbon Header Tank Cover Tat Short Diffuser - Black Powder coated ProAlloy Tank (unfitted)

 

What would I expect to pay for a car of that spec? What would someone pay me for my car if I were to sell?

 

Thoughts?

[Bumblebee]

It depends how you look at it I.e if you was to sell it on the current market it would be x number but to replace it like for like it would be more than x 17-18?

[vocky]

I would think the sale price would be around the £10k mark, but to replace it 'like for like' would be around £18k 

[CocoPops]

10k?! So only 2.5k more than john turbos car which is a cat c, with replacement engine?

[Claws]

If you were selling and I was buying, I would give you £11,500

[leevx2.2]

I would say £12500 minimum ;-) especially with the miles it's got .

Edited by leevx2.2, 21 October 2013 - 02:33 PM.

[haggi961]

Best bet would be to strip it and sell the parts.

[Foxy]

18000m?! Is that all? You must be spending too much time with James! 

 

How much did VIX's car go for?

[CocoPops]

I think it's actually 17,800 or there abouts Foxy

 

I bought it in 2011 with 12k, SC'd it and have then done 3k a year, including a Le Mans trip in 2012

[JG]

It's yellow so straight away you can drop £3k from the value

 

HTH

[FLD]

If it helps mines rather similar but with 56k miles (I think).  I put in two valuations (at 15k) to classic line (as they requested) and they refused it saying they will only value it at 12.5k tops.  I now have an agreed value of 12.5k.

[Rickwoo118]

It's yellow so straight away you can drop £3k from the value   HTH

Lol!!

[rob999]

Agreed, 12.5-13k Lee. Or £5 less than James's.

[village idiot]

i would say around 12.5k too.

 

you would pay that for a good clean tubby. your car is more of a specialist tool which will be appreciated by those who know their onions, but that also means, they know the market that the cars sit in.

 

you're not going to get your money back, but it's going to be one hell of a car for someone to buy.

[PaulCP]

It's the wrong yellow so straight away you can drop £3k from the value   HTH

Corrected that for you James! Plus those Turdy ears will reduce the price by another £2k

[haggi961]

I would sell the wheels, suspension, disc and PA tank separately (I would be interested on the PA tank lol ) and still get 12.5 k for it.

[Mangham54]

Difficult to answer... For example does a car with metallic paint have a greater value in a write off situation because it cost more, or has fancy blingy wheels. I always understood valuations to be 'what you could sell it for' and therefore labour rates would not count. The VX is one of only a few cars where you actually get anything back for purchased mods. Often it devalues your car. Personally I would have thought £13.5k - £14.5k would be fair given the spec list and low mileage.

[D3YMO]

Similar spec to what mine was before this rebuild...if i was to sell id have wanted 12.5k minimum...for the insurance value (considering the amount you have spent) id be saying 17.5k+

 

IMO you did the right thing regards value...however i dont know the logistics/rules of the agreed value enough

[slindborg]

The agreed value concept does imply truly replacing like for like, and in this case means building again.... So a high price circa £15k+ is a wise move if they will go for it.

[davemate]

Price it up as if you had to replace.

Could you go out and buy one the same, no.

 

So work out an average vx with average millage and then put on top what it would cost. My agreed value on mine is very high, but I would be unable to replace mine, so I looked at cars of a similar spec. At the end of the day, you can say your value and then you pay your premium for this (within the boundaries of reason). As vocky says, you could put down 18k, but I would say £14500 would be a reasonable amount if you had to build one again in the event of a total loss.