Aaron
Part of things
Posts: 418
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Oct 26, 2015 18:22:15 GMT
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Hello Chaps I was going to start a new thread but this thread seems to have a lot of the right info in it already. if the OP wants me to go elsewhere please let me know. On friday morning i was hit by a lorry, there are no two ways about it, the thing is a gonner. When i insured it i assumed its value was around 500 quid, i bought it Cheap with no mot and had no greaat idea of its worth once repaired and road worthy. i would appear i underestimated its worth. Can i dispute this with current like for like vehicles or will i just have to suck it upand accept their valuation? You may stay lol The value you give when you insure it means nout really(Axa/Adrian Flux/AE confirmed). Definitely go with providing proof of value, more evidence the better. The engineer who valued mine was more than happy to agree with what I wanted once they saw the evidence. Mentioning the Indemnity law and being familiar with it helped too. Like you said all the info is in this thread. Have a good read and stick to your guns. Best thread I ever started!!
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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 26, 2015 10:30:01 GMT
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Yeah I spoke to the guy a while back, can't remember for the life of me what he said, I just remember there were a couple of bits that put me off lol
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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 24, 2015 20:36:59 GMT
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I need a daily......must stop looking!!!!
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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 21, 2015 21:04:01 GMT
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For what it's worth my definition of a sleeper is something that's a base model, totally unassuming that you wouldn't give a second look at.... I once photographed a blue Lada for Street Machine in Holland - it was just a blue Lada with white plastic wheel trims. Nothing else, just a blue Lada. Flip the bonnet, it had a built 302 small block.... Same meet, a Mazda 323 - green stock-ish steels, again nothing special - ran 11's with a nitous injected Rover V8.... My recipe is a car I have - stone stock Chevette in pale green. The interior will remain stock, steering wheel stock, everything inside as factory as you can get. No gauges, nothing at all to give the game away. I also have a 2.0-litre Ecotec to which I'd build to a built VXR spec - aim for BHP in the 350-400-range. Keep the exhaust quiet and fit a Scimitar back axle and keep the wheels as close to the standard steels as possible. To me, a sleeper does not have alloys, gauges, race seats, cages or anything else that says fast. The sole message is - "This is dead slow; boring even...!" The whole aim for me is to lull you into a false sense of security - then blow your f"""in doors off! That's a sleeper! Hope that helps? Spot on! Well put.
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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 21, 2015 20:39:32 GMT
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Lol when I saw the pics of this Supra, I made the exact same face as your Christian Bale profile pic!
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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 21, 2015 19:27:45 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 20, 2015 19:09:09 GMT
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Sorry missed the W bit No worries dude, I did get excited when I thought there was one for sale lol
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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 20, 2015 18:54:06 GMT
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Got this in the mean time but I'm undecided whether I like it or not.
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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 20, 2015 18:50:53 GMT
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Now get yourself over to oval chat and buy the one advertised on there and use yours as spares Do you mean the D21? There are a couple D21's on the bay too, one with an mx5 1.8 engine that's been turbo'd. Pretty cool but I think I'd only go for a WD21 again and without importing I doubt I'll ever get one close to the condition mine was in. Really stumped over what vehicle to go with next... On the list are: BMW e30 318is VW Corrado VR6 Subaru Brat Another AW11 Jeep Wrangler YJ Honda SMX Mazda 6 2.3 MPS A lesser version of an E30 such as the 316 ....and so on, all over the place I'll have approx £5k budget either to be spent on one near perfect vehicle or split over a practical daily and an impractical car. I feel another thread coming on
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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 20, 2015 12:51:50 GMT
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Just spoke to one of Axa's engineers and we have agreed a value, I'll post the final figure once it's all finalised but I'm really happy with it. Like someone said on here the original valuation was due to not having anything to bench mark it against and due to AE not giving Axa any of my contact details so they couldn't discuss it with me. To be fair Axa have been really helpful since I started talking to them on Thursday, and the engineer was a really nice chap. Even apologised for the initial offer. I want to thank everyone who has helped through this thread, you've been a massive help and I owe you all a beer Aaron
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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 19, 2015 22:20:58 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 15, 2015 19:04:23 GMT
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I need one of these pups in my life...bookmarked Amen to that!
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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 15, 2015 18:47:34 GMT
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One of the problems you may have in trying to claim £4000+ is the fact you had it for sale recently for £2500. Doubt it will take an insurer long to find the advert, that's of course if the advert doesn't get deleted Turned down £2800 when I decided not to sell the truck as I loved it so much and feared I may have undervalued it too. Fingers crossed it can head in the right direction when Axa's engineer get's back in touch with me. I'm prepared to now play the waiting claim thanks to some of the great advice received on here. I will be dealing with Axa directly now too, AE are a waste of time. I'll remind Axa of the need for another vehicle until mine is replaced. Which is actually the case as have no other vehicle currently anyhow.
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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 15, 2015 16:51:07 GMT
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Spoke with Axa who were pretty helpful, should have done it ages ago! They are passing my evidence onto the engineer who they said will ring me personally to discuss.
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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 15, 2015 15:37:22 GMT
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Apparently the engineer used the CAP guide price, I've checked on the online version of the CAP guide price and as far as I can see my truck isn't on there. Do they have a bigger version to use or is it the same as the one on the CAP website?
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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 15, 2015 14:57:35 GMT
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[quote author=" Aaron" source="/post/2131268/thread" timestamp="144489950 Spoke to the place it's being stored as well but they can't release the truck until the fee's are paid. I wonder if Axa accept that my vehicle would cost say £5k to replace via import, whether that may change their mind on it being written off? I think I'd pay the fees myself and argue about it later if I wanted to keep the car....it's just easier to keep the salvage if you already have the car in your garage! [/quote] I agree and will look into this.
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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 15, 2015 14:56:52 GMT
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Thanks for this, looks like it'd cost just under £4000 for a similar truck to be imported. That was using their price data and calculators for shipping etc. I have emailed them for a definite quote and will see what they say.
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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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All the advice you've had is spot-on. I thought I'd just wade in as I'm a Chartered Insurance Broker. Some of those textbooks rubbed off on me! ;-) The principle is called 'Indemnity' - the idea that you should be put back in the same position as you were before the accident. You'll be surprised at how far you'll get just using that term - a mate rolled his T5 a few years back, got a lowball offer from Direct Line and it was upped by £1k once he phoned back and said his mate who's an Insurance Broker had explained Indemnity to him. ;-) I was shunted in the rear many moons ago and the Fiesta I had at the time was written off. 'How much did you pay for it?' £1100. 'How much do you think it's worth?' £1900. 'Fair enough'. Because I could prove that was what it would cost for me to go out and buy the same model right away. The fact that I'd bought it cheap at Auction has no bearing. This is a legal principle so, don't worry about how far you push it, this is what you're entitled to. I'm not sure you need to worry about a Solicitor. I know insurers get a bad press but, honestly, I think as someone else said, that AXA just haven't the foggiest about its value. I recently had to add a Moggie Convertible to a client's Fleet policy temporarily. I looked around and figured £15k was about right but, sure enough, the Underwriter pointed out that they would only pay out market value. Yes mate, that's the figure I've put in! The mainstream insurers don't really get old cars! I'm afraid I expect Accident Exchange are just interested in how much they get out of the Credit Hire. Depending on what they've put you in, they're likely billing AXA £65-£150 a day. They're not really going to be too bothered how long this drags on for! I see reference to Datman's ad. That would be a good example of value if that was fairly recent. Otherwise, as others have said, use the NZ ads as evidence + shipping. That appears to be the only way you could get back into the position you were in before the accident. Thanks so much for your input. I agree regarding Accident exchange, got this impression early on. They are due to speak to Axa today, I've spoke to them this morning and emailed them evidence of the value, including New Zealand ones plus import. So I'll see what happens with that conversation and again if I'm not satisfied, I'll try and speak to Axa commercial myself from here on in. You guys have really put my mind at ease and it's really appreciated. Spoke to the place it's being stored as well but they can't release the truck until the fee's are paid. I wonder if Axa accept that my vehicle would cost say £5k to replace via import, whether that may change their mind on it being written off?
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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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Right then! As Dez has also done, I've recently been in this similar position with our Ford 400E pick up. It got smashed up in a 3rd party blame accident. Totally uncontested for blame also btw. We became a pain to our own solicitors let alone the 3rd party insurance company we were claiming from. Basic premise is the same. We found 2 (1 UK and 1 AUS) similar vehicles for sale (or recently for sale) and argued that they HAD to reinstate us to the same (or greater) position before the accident. So as our truck had a diesel engine conversion, we also added that to the selling/asking price of the other two. We actually repaired our own truck ourselves and billed the insurers directly. Got paid out in full. Although it did take 8 months! In you case, you need to stand strong on the replacement costs. The accident was not your fault and they ARE legally obliged to reinstate you to a posyion equal or greater than pre accident. We actually did ours without our insurance company getting involved at all, and whilst that undoubtably prolonged the fianl payout, it probably also secured a higher, and more appropriate payout. At the end of the day, it's their responsibility to recompense you, and don't ever lose sight of the fact that you are the victim. This is very reassuring, going to get on to Accident exchange today and if I don't get an adequate response, I'll start dealing with this myself and look into a solicitor.
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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 19:33:14 GMT
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Sorry forgot about these, these are sold. Title updated
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1992 Eunos Roadster S-Special 2007 BMW Z4 Coupe SI
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