Car Valuations

Post Tue Apr 24, 2018 12:32 pm

I'm going to have my insurance renewal coming up soon, with which I've got an agreed valuation listed. However, with the escalating prices of E30's I suspect I'm now undervaluing.

Who out there would you recommend for getting a valuation done?

Post Tue Apr 24, 2018 2:29 pm

Alot of people ask me how much is it insured for with it being a classic so this could very well be of interest for a lot of us on here.

Mart.

Post Tue Apr 24, 2018 4:35 pm

I know BMW Car Club offer one. No idea if it is any good though.

Post Tue Apr 24, 2018 4:50 pm

Yea, I’ve found the BMWCC page referring to valuations, £50 for a none member, £25 for a member (membership fee is £45).

Would be great to hear if anyone has experience of these, particularly with a modified car.

Post Tue Apr 24, 2018 11:00 pm

i doubled the value of my car for 96p extra on the classic car policy renewal after a phone call , all mods declared .

Post Wed Apr 25, 2018 9:29 am

How did you come to your valuation Mick?

My concern is market value versus replacement value. Dread to think how much it would cost to build another E30 to the spec of mine nowadays.

Post Wed Apr 25, 2018 10:29 am

magpie wrote:i doubled the value of my car for 96p extra on the classic car policy renewal after a phone call , all mods declared .

Is that you "doubled" the value to 96p?

Post Wed Apr 25, 2018 7:44 pm

I just kinda guessed at mine based on a rough ballpark on what I spent to build mine (plus a little bit extra for headroom), and sent them a couple of crappy phone photos (the center caps hadn't even been refitted after the MOT/winter storage wheel swap), and they accepted it straight off the bat (and it's in writing, which arrived today). It's not a mad valuation, but it's at the top end of the market, so I thought they might question it a bit.

That was with A-Plan.

Post Wed Apr 25, 2018 8:42 pm

I think mine is valued at £10k will need to check and reminds me as I need to email them some photos.

Post Thu Apr 26, 2018 4:13 pm

Do you think it`s worth asking my insurers if I can go to an agreed value ?
At the end of the day , to replace it would cost a shed more than I paid for it.

Mart.

I said I would not go down this road............but that was then, hey!!!

Post Thu Apr 26, 2018 6:35 pm

Certainly no harm, especially with the huge range prices asked in the second hand market. I'd feel a bit wary at market value, as trying to persuade them where it sat in the market would be a challenge...

Post Thu Apr 26, 2018 8:51 pm

martauto wrote:Do you think it`s worth asking my insurers if I can go to an agreed value ?
At the end of the day , to replace it would cost a shed more than I paid for it.

Mart.

I said I would not go down this road............but that was then, hey!!!

I have agreed value on mine, also if it gets "written" off then I am allowed to keep the scrap.

Post Thu Apr 26, 2018 9:05 pm

Hi All, I asked for an opinion on mine here on the zone last year I got very sensible responses and decided on an average insurance value of £15k however my insurance company knocked it back. I wasn’t sure what I could do so just accepted their value

Post Sat Apr 28, 2018 5:34 pm

Kedge wrote:Yea, I’ve found the BMWCC page referring to valuations, £50 for a none member, £25 for a member (membership fee is £45).

Would be great to hear if anyone has experience of these, particularly with a modified car.

I just had my Sport and M3 valued by the BMWCC and I believe Danthe has also recently,

I told them what I though it was worth, sent them pics, filled out a form, sent them copies of some of the paper work for the cars and they agreed both prices. One of the cars (my sport) is well known to them so that helped.