The £150,000 GT3 has arrived as predicted
Discussion
Bieldside said:
Without disclosing any names to maintain a level of confidentiality I have been offered £150,000 to sell my GT3 to a specialist
Their margin makes the car £150,000 +
And I decided to decline - what else would I buy?
My friend was offered 152k last night for a low spec, like I said 170k is a stroll around Geneva time....Their margin makes the car £150,000 +
And I decided to decline - what else would I buy?
Edited by Bieldside on Thursday 29th January 08:36
GT3-RS said:
What GT3? 996, 997 Gen 1....Gen 2
991 GT3As per my previous post, I've recently spoken to my insurer to increase the recorded value of my car to £165k, just under a £40k premium from the list price.
That would appear to be the minimum amount needed to purchase a car with similar spec.
Bieldside said:
Yes 991 GT3
Can you uplift the value to higher than cost - would they pay out on the higher value?
!
Some policies do provide a specified value but most standard policies would pay out on 'market value' only.Can you uplift the value to higher than cost - would they pay out on the higher value?
!
Trying to determine what a fair market value is would be difficult,movement the lack of cars on the market, but there would clearly be support for a market value above the purchase price declared on the insurance form.
I feel much more comfortable being able to argue a fair price in the event of a total write-off when I've declared the value to be £165,000 rather than £125,000!
Bieldside said:
Without disclosing any names to maintain a level of confidentiality I have been offered £150,000 to sell my GT3 to a specialist
Their margin makes the car £150,000 +
And I decided to decline - what else would I buy?
Nice problem to have but I would cash in. I have eventually tired of every car that I have owned and something better always comes along - albeit better in a different way. To be able to bank £25k tax free having enjoyed a GT3 for a year or so would present the perfect opportunity to say goodbye. Their margin makes the car £150,000 +
And I decided to decline - what else would I buy?
Edited by Bieldside on Thursday 29th January 08:36
What next is an issue though. I would love to give the NSX a punt - just out of curiosity.
PS investment in cars not my thing as my garage shows - I always buy and sell at the wrong time
sidicks said:
Bieldside said:
Yes 991 GT3
Can you uplift the value to higher than cost - would they pay out on the higher value?
!
Some policies do provide a specified value but most standard policies would pay out on 'market value' only.Can you uplift the value to higher than cost - would they pay out on the higher value?
!
Trying to determine what a fair market value is would be difficult,movement the lack of cars on the market, but there would clearly be support for a market value above the purchase price declared on the insurance form.
I feel much more comfortable being able to argue a fair price in the event of a total write-off when I've declared the value to be £165,000 rather than £125,000!
The best evidence of market value would be to keep an ongoing record of similar vehicles for sale and where possible, sale prices.
Having been offered the £150,000 I did seriously stop and thought "sell" and move on
But then I thought .... to what
Ferrari - no Lambo - NO NO NO , Aston - no , eh .......Mercedes AMG - totally no
So I buy a 991 something at £115,000 for a nice spec and shed £50,000 in three years and realise I should have kept the GT3
So, no brainer (almost) And I'm Scottish !!!!
But then I thought .... to what
Ferrari - no Lambo - NO NO NO , Aston - no , eh .......Mercedes AMG - totally no
So I buy a 991 something at £115,000 for a nice spec and shed £50,000 in three years and realise I should have kept the GT3
So, no brainer (almost) And I'm Scottish !!!!
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