Car values

[lotusolly]

Just updated my car valuation with the insurance company following the midnight purple sale on collecting cars.

95 manual coupe with 106K miles. Few mods Procar bonnet with Type R duct and undertrays, Mode 4 front bumper, KW3 suspension and Tubi exhaust. Resprayed seven years ago.

Agreed valuation £85K

Looks like the insurance companies are recognising the increasing value of the cars.

Olly

[Papalazarou]

That’s good. Mine’s at £90k. Should be more.

Cheers.

[Bonners]

Gulp....you really think such a valuation is accurate? If I may enquire, how much did you increase it's valuation by (appreciate you may not want to share) and what did it add to the cost of your insurance?

I just renewed my insurance and kept it at the same number I paid for the car last year. Marginally less mileage than yours but valued/paid way less. As per another thread posted just in the last day or so people are asking a lot of money for these beauties right now, but does anyone know someone who's paid +£80k for one...or even £60k? Mint R models aside perhaps.

[Papalazarou]

Gulp....you really think such a valuation is accurate? If I may enquire, how much did you increase it's valuation by (appreciate you may not want to share) and what did it add to the cost of your insurance?

I just renewed my insurance and kept it at the same number I paid for the car last year. Marginally less mileage than yours but valued/paid way less. As per another thread posted just in the last day or so people are asking a lot of money for these beauties right now, but does anyone know someone who's paid +£80k for one...or even £60k? Mint R models aside perhaps.

Mine was valued at £80K last year. But decided it wasn’t enough. If you look at the JDM cars of similar age/miles/condition, they are around £100K. I think the increase in premium was around £40.
If you look on PH, a 96 targa with mid 40k miles sold for £90K last year. I know the buyer. A 97 targa with 92k miles sold for £76,500 and there is currently a 10k mile 92 car at auction that right now with a few hours. That is at high 80’s incl commission.
Based on these and the general scarcity of good straight manual cars. I’d say it’s about right.

Cheers.

[Bonners]

Right, best make a call then. I was only speaking to them on Monday and it doesn't renew for a few days yet so will investigate!

[Papalazarou]

Right, best make a call then. I was only speaking to them on Monday and it doesn't renew for a few days yet so will investigate!

Let us know how you get on. Based on that auction and other cars that have sold in the last six months. I think there’s a good case for higher valuations.