Aaron
Part of things
Posts: 418 
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Oct 14, 2015 14:33:26 GMT
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How can I prove the value of my Nissan WD21 when there is nothing to compare it too?!?! It's for insurance valuation purposes.
Any advice from those experienced in these matters?
Thanks
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Last Edit: Oct 14, 2015 15:42:59 GMT by Aaron
1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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Onne
Part of things
Posts: 822
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Oct 14, 2015 14:48:15 GMT
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Hi, only way is to get it valued by an independent?
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1990 Mercedes W126 300SE
1997 Mercedes W140 S320L
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 14:51:17 GMT
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Hi, only way is to get it valued by an independent? Any suggestions? Someone who takes in to account rarity/classics etc |
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1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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MrSpeedy
East Midlands
www.vintagediesels.co.uk
Posts: 4,789
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Oct 14, 2015 15:36:02 GMT
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The only true way to get an accurate value of any vehicle is to sell it!
The next best would be to look at replacement costs (like an insurance valuation). We had to do this for our 400E after it got smashed up earlier this year. We found comparable examples (only 2 though) that were for sale and added on top the cost of our engine conversion
The trouble is market value fluctuates depending upon how active it is
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 15:41:20 GMT
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The next best would be to look at replacement costs (like an insurance valuation). We had to do this for our 400E after it got smashed up earlier this year. We found comparable examples (only 2 though) that were for sale and added on top the cost of our engine conversion It's for insurance valuation purposes, I can't find any to compare it too......stumped |
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1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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andyborris
Posted a lot
Freedom is just another word for nothing left to lose.
Posts: 2,218
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Oct 14, 2015 16:33:15 GMT
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Car club? They often have someone who values cars.
Or have a look in the market they sold in originally and add importing costs?
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1900sr
Part of things
I like Mantas me!
Posts: 875
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Oct 14, 2015 16:39:22 GMT
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Usually for an agreed value you'll need a valuation by a marque specialist, an owners club or sometimes an independent valuer. I don't know anything about your particular Nissan. If it's a JDM model, then maybe a specialist importer may be able to help. Alternatively, try talking to your insurance Co and see what they suggest if it is that rare that you can't find any idea of value. You should be looking to insure it for what it will cost to replace,. If that means importing one then that cost should be included. If yours is concours for example then you can also value it as the cost of buying one and bringing it up to concours condition.
Some insurers are happy to take an owners valuation with suitable pics, but if you think it's worth a lot more than they do you may well have to convince them.
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 16:46:14 GMT
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Here's the basic story. I had an accident in the Nissan, the other driver was at fault and liability accepted. The vehicle has just been written off and their valuation is.......£500. Now I have to prove it is worth what I think it is and not what they think it's worth. Here it is prior to some BLEEP not looking where she was going.  |
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Last Edit: Oct 14, 2015 16:46:52 GMT by Aaron
1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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1900sr
Part of things
I like Mantas me!
Posts: 875
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Oct 14, 2015 16:50:32 GMT
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By law you have to be put back into the position you were in before the accident. Fine in theory, a bit more difficult in practice. Is it your fully comp insurance who've made the offer, or her's? You could insist the vehicle is repaired if it is at all feasible, but you really want to be dealing with her insurers direct, not your own.
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Last Edit: Oct 14, 2015 16:50:24 GMT by 1900sr
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 16:53:56 GMT
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By law you have to be put back into the position you were in before the accident. Fine in theory, a bit more difficult in practice. Is it your fully comp insurance who've made the offer, or her's? You could insist the vehicle is repaired if it is at all feasible, but you really want to be dealing with her insurers direct, not your own. That is the offer from her insurance, never been in this situation before so not sure of my options. Can I speak directly to her insurer(Axa commercial)? |
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1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 16:54:30 GMT
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1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 16:55:16 GMT
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That's her now, their engineer has deemed it CAT B.
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1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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1900sr
Part of things
I like Mantas me!
Posts: 875
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Oct 14, 2015 16:56:29 GMT
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You can deal direct with her insurer, you could technically also deal with her as she is the one who is liable.
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 17:00:56 GMT
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My claim is being dealt with by Accident exchange(regretfully) less than impressed with them! Lesson learned.
How do you mean deal directly with her in what terms?
I think I may phone Axa directly tomorrow and see if I can find out their reasoning, literally no idea where they got their £500 quid from.
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1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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andyborris
Posted a lot
Freedom is just another word for nothing left to lose.
Posts: 2,218
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Oct 14, 2015 17:10:43 GMT
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I think that Axa probably have no idea of the it's worth! And are just starting the bidding, the more evidence you can produce on the cars real value will help your case.
You should also have the car in your possession too, this also improves your bargaining position, they can't deduct any storage fees (in fact, you can charge!) and you may decide to make an offer for car and buy it back as salvage.
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 17:18:59 GMT
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So I'll ring the storage place tomorrow to try and get it back, I'm struggling to find any evidence and that is going to be the problem I think.
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1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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bazzateer
Posted a lot
Imping along sans Vogue
Posts: 3,653
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Oct 14, 2015 17:33:43 GMT
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I'd try to find one for sale in Japan. Get a quote for transport to the UK including all taxes/fees etc. That will be near enough the replacement cost.
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1968 Singer Chamois Sport
1972 Sunbeam Imp Sport
1976 Datsun 260Z 2+2
1998 Peugeot Boxer Pilote motorhome
2003 Rover 75 1.8 Club SE (daily)
2006 MG ZT 190+ (another daily)
2007 BMW 530d Touring M Sport (tow car)
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 17:40:21 GMT
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I'd try to find one for sale in Japan. Get a quote for transport to the UK including all taxes/fees etc. That will be near enough the replacement cost. I'll give this a go tonight. Wish me luck, no idea where to start |
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1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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bazzateer
Posted a lot
Imping along sans Vogue
Posts: 3,653
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Oct 14, 2015 17:46:08 GMT
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Try eBay Australia/New Zealand maybe? Easier to read and transport costs won't be massively different. Do you have a receipt from when you bought it? Any details of import costs etc?
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1968 Singer Chamois Sport
1972 Sunbeam Imp Sport
1976 Datsun 260Z 2+2
1998 Peugeot Boxer Pilote motorhome
2003 Rover 75 1.8 Club SE (daily)
2006 MG ZT 190+ (another daily)
2007 BMW 530d Touring M Sport (tow car)
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Aaron
Part of things
Posts: 418
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Oct 14, 2015 17:56:30 GMT
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Try eBay Australia/New Zealand maybe? Easier to read and transport costs won't be massively different. Do you have a receipt from when you bought it? Any details of import costs etc? I just bought it locally, quite a lot of history but not the original import docs etc. Good idea re eBay, I'll have a look. |
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1992 Eunos Roadster S-Special
2007 BMW Z4 Coupe SI
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