996 GT3 FS

[ArcticGT]

In terms of re appraising value, how often is it necessary to do this and inform the insurance company ?

Is it fair to say that when taking out a policy appreciation/depreciation should be built into the underwriters quoting system for the 12mth period ?

[squirejo]

ArcticGT said:

In terms of re appraising value, how often is it necessary to do this and inform the insurance company ?

Is it fair to say that when taking out a policy appreciation/depreciation should be built into the underwriters quoting system for the 12mth period ?

I would generally follow the maxim that the more the market moves the more frequently you might need to update. The worst case scenario would be needing to claine 11mths and 20 days into a policy period. Threads like this are actually quite helpful for tracking real market values and one might imagine them useful when the day comes to negotiate with a loss adjuster.

I agree with the value thoughts aboove FWIW, bearing in mind I had a valn certificate provided but a few months ago at 60k. Things have moved on, as they do every Spring when the market livens up. I believe this is seasonal, not value driven. There have been practically no cars for sale for 6mths, now 4 or 5 have appeared ready for the "driving season" whatever that is.

[40anniv996]

FWIW I have just renewed my MKII CS circa 39k miles @ £65k. It was pointed out me my that my insurer requires a tracker fitted when I go over £70k which he thought would be prior to the expiration of the policy.

[Scooty100]

So watching all this value talk whats my 997 GT3 full CS 18,500 miles with PCCB absolutely perfect condition worth then? Got name down on GT4 next batch im told

[Mad March Taffy]

I got the "must have a tracker fitted' message from the insurer for my 996 Turbo S - and I don't think that is worth £70K!

Unless there are any offers out there!

:-)

[2stis]

Thanks for your input everyone. The renewal papers made no mention of value so I called them to check and they were planning on just using last year's value again. They are happy to up this to the 60k level for 25% extra premium. Since I am not planning on selling it this is the negative impact of today's bouyant prices.

[V8KSN]

Scooty100 said:

So watching all this value talk whats my 997 GT3 full CS 18,500 miles with PCCB absolutely perfect condition worth then? Got name down on GT4 next batch im told

Its worth more to me than a GT4

[Scooty100]

V8KSN said:

Its worth more to me than a GT4

Hmm still debating it all but think the gt4 may serve me better as a track car too

[ClarkPB]

My 996 CS has been insured for an agreed value of £75k just last week. Too much? Probably this month but who knows where the prices will end up. All I know is that it would take years to acquire one just as good should the worst happen.

[thegoat46]

DAB964RS said:

Cheburator mk2 said:

It appears that for the moment the high watermark for a Mk2 car is the blue comfort that The Cambridge Motor Company has sold for £73,995 as that is how it is shown on their website.

Separately, a Polar Silver Mk2 CS with 20k on the clock definitely sold privately for £60k, needing £2k of work and a major service. The car was posted on Rennlist by the new owner last week. Did not have aircon, otherwise, would have been probably £65k.

HTH,

Alex

IIRC The Cambridge Motor Company Blue GT3 was a MK1 Comfort. In terms of the 'water mark' for a 996.2 GT3 comfort with low mileage and A1 condition - I'd say not less than £60k. Your insurers may require an independent valuation to support a figure such this.

Don't get to excited, heard the owner off mk1 car changed his mind on selling. (After having no interest)
Good source told me this, take all adverts with a pinch of salt tho.
Thinkin about it funny how new owners very very rarely show on here.....

[pete a]

ClarkPB said:

My 996 CS has been insured for an agreed value of £75k just last week. Too much? Probably this month but who knows where the prices will end up. All I know is that it would take years to acquire one just as good should the worst happen.

Its mad isn't it, i remember being offered your car when it 1st went up for sale, 11k miles, clubsport in a rare colour and i thought 44k was too much for it.

how things change and what seems expensive is only relative to the time.

[ClarkPB]

pete a said:

Its mad isn't it, i remember being offered your car when it 1st went up for sale, 11k miles, clubsport in a rare colour and i thought 44k was too much for it.

how things change and what seems expensive is only relative to the time.

44? I paid 45!

I was robbed

[pete a]

ClarkPB said:

44? I paid 45!

I was robbed

The market must have moved...

[lemmingjames]

just think though, should the worse happen, you can atleast get a replacement in a better colour :P

[ArcticGT]

thegoat46 said:

Don't get to excited, heard the owner off mk1 car changed his mind on selling. (After having no interest)
Good source told me this, take all adverts with a pinch of salt tho.
Thinkin about it funny how new owners very very rarely show on here.....

Not everyone is into social media and I'd hazzard a guess that probably less than 25% of this forums readers are regular posters.

[Slippydiff]

thegoat46 said:

Don't get to excited, heard the owner off mk1 car changed his mind on selling. (After having no interest)
Good source told me this, take all adverts with a pinch of salt tho.
Thinkin about it funny how new owners very very rarely show on here.....

On the contrary, I know someone who was very interested and was planning to view the car last Saturday. The vendor's agent pulled the rug from under his feet late last week, stating the vendor had decided to sell the car to a mate he'd promised first refusal to (but had "forgotten" he'd done so......).
My mate had planned to view the car on Monday, but the agent confirmed the sale of the car on the same day. So someone's telling some f*cking whoppers......

Edited by Slippydiff on Wednesday 25th March 20:04

[ClarkPB]

thegoat46 generally talks down 996 GT3 prices and puts a negative slant on most posts about values. Just saying....

[jackwood]

And if the car had been a minter, would he have paid the asking?

[Slippydiff]

jackwood said:

And if the car had been a minter, would he have paid the asking?

On the basis of what the higher mileage (72-74k) Zanzibar car at 911V sold for 6-8 weeks ago, I thought (and told him) it was £5k overpriced.
But I'd also recommended the potential purchaser get it fully inspected by the likes of JZM and start/base his negotiations on the results of their findings.

[keep it lit]

lhd 6.2 silver comfort low miler .......... £100k !

http://suchen.mobile.de/auto-inserat/porsche-996-g...