52 replies to this topic

[MAXR]

Forgive me if im thick. So insurance co pay you £25k the value you put on it. You give them back £5500 and sell it on for more than £5500. You end up with more than the value you insured it for?? For once i feel sorry for insurance company! Forgive me if im completely wrong.

 

 

Insurance companies are completely aware of that. Salvage yards only survive because they make a profit. Insurance companies insure against a market value or in this case, perhaps an agreed value. Peter pays an insurance premium & probably a big track day excess, usually 10% or more. If he makes money on his car, that's perfectly okay.

 

However, I do think once repaired & being a CAT C, it will be worth 20% less. If I was buying it as a future investment, well, I just wouldn't. But, to someone who wants to brag about having a VXR, then it may be worth every penny.

[Zoobeef]

Buy it back for £5.5k, put £4-5k in it and sell for £16-18k I guarantee some of the usual have already pm'd Peter. If I wasn't about to spend 5 of the next 6 months out the country I'd be interested.

[Rosssco]

Buy it back for £5.5k, put £4-5k in it and sell for £16-18k I guarantee some of the usual have already pm'd Peter. If I wasn't about to spend 5 of the next 6 months out the country I'd be interested.

 

Hmmm, difficult to price given its a VXR, but that seems a little strong for a Cat C - more like £13-15k...

 

As noted above by someone, I think the 'special-edition-ness' will be kinda worn off as its a Cat C for some.

[Zoobeef]

For some, you only need one buyer. It depends on what's on the market. If the insurance is happy to value that at £25k it's where the prices are looking to be around.

[Peter VXR29]

Forgive me if im thick. So insurance co pay you £25k the value you put on it. You give them back £5500 and sell it on for more than £5500. You end up with more than the value you insured it for?? For once i feel sorry for insurance company! Forgive me if im completely wrong.

No u are right but you forgot to factor in the 30k I spent modding it.

[fiveoclock]

Forgive me if im thick. So insurance co pay you £25k the value you put on it. You give them back £5500 and sell it on for more than £5500. You end up with more than the value you insured it for?? For once i feel sorry for insurance company! Forgive me if im completely wrong.

    Insurance companies are completely aware of that. Salvage yards only survive because they make a profit. Insurance companies insure against a market value or in this case, perhaps an agreed value. Peter pays an insurance premium & probably a big track day excess, usually 10% or more. If he makes money on his car, that's perfectly okay.   However, I do think once repaired & being a CAT C, it will be worth 20% less. If I was buying it as a future investment, well, I just wouldn't. But, to someone who wants to brag about having a VXR, then it may be worth every penny.

Also it's no ordinary VXR

[Kieran McC]

The joys of modding you never get the true value back of what you spend doing it. At least with a guaranteed value pay out you seem to cover much of the cost.

[fiveoclock]

[fiveoclock]

[fiveoclock]

[fiveoclock]

[fiveoclock]

Tomorrow ill try and get some photos of the wishbones etc.

[vxtnewbie1]

Nice motor! has the subframe caved in, back wheel doesnt seem to line up, take it wishbones bent

[fiveoclock]

The subframe is bent and a number of wishbones will be bent. "the back wheel doesnt line up" You could say that, youre not going to fix that with a geo!

Edited by fiveoclock, 15 June 2016 - 06:30 PM.

[Bargi]

Seats are worth a pretty penny and mucho comfortable Sent from my cuntyfuckbollock phone by Twatatalk

[fiveoclock]

Seats are worth a pretty penny and mucho comfortable Sent from my cuntyfuckbollock phone by Twatatalk

I believe its now being sold complete and as package along with a stock of other VXR parts

Edited by fiveoclock, 15 June 2016 - 07:03 PM.

[Peter VXR29]

Ok spec list of VXR29 above normal std factory spec is as follows: Private plate Y29VXR Mileage : 43000 approx INTERIOR: harness bar and harnesses Carbon hand brake shroud Carbon binnacle and surround Carbon sill covers Carbon facia Moto concept slotted lever gator, heater controls, handbrake, gear know SPA dual gauges reading boost pressure, oil pressure, fuel pressure and voltage RACE LOGIC traction control plumbed in but needs noise filter to finish EXTERIOR: Raised boot lid incorporating extract fan (now demolished I believe) Large Rear spoiler....mounts now broken Front splitter now damaged Larger air vents left and right now demolished but originals in spares package Front fog lights removed for brake cooling ducts....fog lights in spares package Hid headlights...assume there still working as didn't get damaged WHEELS: Magnesium speedline. ..rears need a refurbished SUSPENSION : Nitron 46mm fast road dampers Motor sport adjustable front anti roll bar Spitfire rear bracing kit BRAKES : AP RACING 4 pot conversion.....new discs and pads fitted 3 months a go. ENGINE ETC: Courtenay built over several evolutions to final spec as follows Lightened flywheel, paddle clutch, alloy pulley, balance shaft deletion kit, vibrant tech engine mounts, 630cc injectors, pro alloy charge cooler, uprated con rods, cos worth pistons, plenum chamber, inlet cams, Exhaust cams, inlet manifold, air mass meter, garett gt2871hta turbo waste gate and intake pipework, New cam belt water pump v band manifold flywheel and clutch and gearbox rebuild 2000 miles ago, Gearbox oil cooler and pump, quaife lsd, pro alloy 48 litre fuel tank, 3 inch tullett exhaust, engine Balanced etc 433bhp on their dyno. Receipts I've got from Courtenays alone total £22k but this could be Less if u had all the work done in one hit rather than in stages like I did. Probably other bits I've Forgotten but you get the idea. Spares from vxr37 also included: Left and right complete doors with windows ,mirrors, winders,locks keys etc Roof spoiler that aerial sits on Std rear engine boot lid Left and right std air vents Modified std air box Gearbox housing New gear linkage cables bought from forum group buy Std turbo rear boot spoiler Front bonnet with minor damage Oem hardtop with bag and fixings 3 coil packs , one is definately brand new other 2 could well be also Left and right front fog lights New 100 cell cat exhaust section for fitting should u need to to pass mot, I never did Spare na instrument clock, bought it just in case 2 brand new sets of pagid rs14 front brake pads to fit the AP Racing set up Garret turbo t35 that's done about 5000 miles that I used to have on the 380bhp conversion New group buy headlight lenses New group buy stein metz type front grill Various relays and switches Heater control switches Original radiator Original plastic door sills covers, expansion bottle, brake fluid bottle, washer fluid bottle Other electrical components that I don't know what they are.oh and a wheel arch liner Plus all the mechanical bits that I don't know what there called so have taken a pic which I will try to upload but are things like wishbones, drive shafts, steering rack etc

[fiveoclock]

[Zoobeef]

If the chassis is good then that car is a bargain. Peter could even buy it and sell it for a little more. That's what I did with my tubby when they were worth alot less. Got it back from the insurance for £3.5k and sold as it was for £5.5k

[Peter VXR29]

Chassis I,m told is fine it's rear sub frame that got pummelled.