Need to have my car valued

Need to have my car valued

Author
Discussion

zed4

Original Poster:

7,248 posts

222 months

Wednesday 30th July 2014
quotequote all
Hi,

I'm not selling it, but I do need a proper valuation. Perhaps you guys can give me an idea please?

1997 Chimaera 400 – mk2 front end, later style boot lid, old style rear lights
65,000 miles
Full service history from specialists from new with every receipt, invoice, fully stamped service book and handbook
2010 had new outriggers and the chassis repainted in POR15. Chassis painted again in 2014
2014 had new cam, waterpump coolant hoses, induction hoses, PAS hoses, sump gasket, valley gasket, trumpets and painted/dressed engine bay
Recently had a 12k major service
Paintwork in very good condition. Original Porsche Iris Blue
Magnolia leather interior in very good condition
Heated seats
PAS
New wooden dashboard with original TVR dials
New rear screen (roof is a little tatty though)
Everything in good working order – touches wood!

DSC_6119 by danyeates, on Flickr

DSC_6117 by danyeates, on Flickr

TVR Chimaera 400 wooden dashboard and dials by danyeates, on Flickr

TVR Chimaera 400 - Engine Bay by danyeates, on Flickr

Probably lots of other things I’ve missed too!

Thanks,

Dan


Edited by zed4 on Wednesday 30th July 11:41

jamesogt

371 posts

165 months

Wednesday 30th July 2014
quotequote all
Not a valuer but maybe 11.5k?

BigGriff540

250 posts

142 months

Wednesday 30th July 2014
quotequote all
Hi Dan

Looking at other Chims in the PH classifieds I would say between £8,500-£9,500 would be realistic. We all know our cars are worth more than this with the love, attention and money we give them but it all depends on if you were wanting a sale now or you were happy to play the waiting game-I know your not selling but I think this would be the case if you were.

I sold my Chim 500 in April and was surprised to see what I had to drop the price to, to get any serious enquiries and it was a very well sorted car. But I needed to sell to purchase my Griff so had to take the knock on the Chim.

Hope that helps?

Adam

pb450

1,303 posts

160 months

Wednesday 30th July 2014
quotequote all
It depends what the valuation is for. If it's for insurance purposes, then a bunch of opinions from (well informed) PH'ers won't carry any weight with the insurers. In such a case it will need to come from a recognised TVR specialist. This will mean an inspection and a fee. Most insurers then want photos, which you already have.

The valuation you are looking for is then for the purpose of replacing your car with a similar condition vehicle in the event of a total loss. If you consider dealer prices then these will be considerably higher than private sales and so the higher valuation is what you want. This is then an 'agreed value' valuation for your insurance policy.

If it's to test the water for the possible sale of the car (and I can't think af any other reasons why you would want or need a valuation) then your mates on PH will give you all the conflicting advice and help you don't need. It will become as clear as mud. Take your pick really... smile

Nice looking car, by the way. The best combination and fastest colour too! smile

Edited by pb450 on Wednesday 30th July 10:31

fausTVR

1,442 posts

150 months

Wednesday 30th July 2014
quotequote all
If it's an insurance valuation, any TIV specialist could provide a figure on headed notepaper for a small fee.

My own opinion, around £11k. Looks lovely btw, pics taken on IOW?

Edited by fausTVR on Wednesday 30th July 10:36

zed4

Original Poster:

7,248 posts

222 months

Wednesday 30th July 2014
quotequote all
pb450 said:
It depends what the valuation is for. If it's for insurance purposes, then a bunch of opinions from (well informed) PH'ers won't carry any weight with the insurers. In such a case it will need to come from a recognised TVR specialist. This will mean an inspection and a fee. Most insurers then want photos, which you already have.

The valuation you are looking for is then for the purpose of replacing your car with a similar condition vehicle in the event of a total loss. If you consider dealer prices then these will be considerably higher than private sales and so the higher valuation is what you want. This is then an 'agreed value' valuation for your insurance policy.

If it's to test the water for the possible sale of the car (and I can't think af any other reasons why you would want or need a valuation) then your mates on PH will give you all the conflicting advice and help you don't need. It will become as clear as mud. Take your pick really... smile

Nice looking car, by the way. The best combination and fastest colour too! smile

Edited by pb450 on Wednesday 30th July 10:31
hehe

Thanks!

It's all being kept a little quiet at the moment, but essentially what I'm doing is selling half the car to my brother and we're buying another car together. So we'll each own half of two cars basically. The other car is a Caterham driving

All will become clear at a later date...

l6rth

452 posts

163 months

Wednesday 30th July 2014
quotequote all
I'd want 8.5-9k for mine and it's not as nice as your Dan, I'd say at least 10k but I think phazed is sell one with more work done than yours for £10,750 on pistonheads, it's got his daughter sitting in the car in his ad if you look for it. Not sure if he has had any success. Also not a valuer

phazed

21,844 posts

204 months

Wednesday 30th July 2014
quotequote all
l6rth said:
I'd want 8.5-9k for mine and it's not as nice as your Dan, I'd say at least 10k but I think phazed is sell one with more work done than yours for £10,750 on pistonheads, it's got his daughter sitting in the car in his ad if you look for it. Not sure if he has had any success. Also not a valuer
Very little interest in the car but had a few emails asking if my daughter was included rolleyes

Selling is a bit of a waiting game unless you are lucky to be in the right place at the right time.









Edited by phazed on Wednesday 30th July 12:56

TVRJAS

2,391 posts

129 months

Wednesday 30th July 2014
quotequote all
Mine is a very tidy July 97 with 53,000 very clean interior and also is the face lift version(Grill,boot,door release under mirror) wood surround unmarked and original not had outrigger chassis replacement as yet and a MOT concluded one advisory only of a rear tyre.

I have just switched insurance to Classicline and they wanted me to get a written valuation and provide pictures.

My car was having it's MOT carried out by a specialist David Gerrald on the 1st July and gave the car a good look over and a written valuation of £11,500.

I then sent this along with many pictures to Classicline who have now given an agreed valuation of £12,000.

Mine is not for sale but with these written valuations and in the case of selling private i would probably market at £10,500.


zed4

Original Poster:

7,248 posts

222 months

Wednesday 30th July 2014
quotequote all
TVRJAS said:
Mine is a very tidy July 97 with 53,000 very clean interior and also is the face lift version(Grill,boot,door release under mirror) wood surround unmarked and original not had outrigger chassis replacement as yet and a MOT concluded one advisory only of a rear tyre.

I have just switched insurance to Classicline and they wanted me to get a written valuation and provide pictures.

My car was having it's MOT carried out by a specialist David Gerrald on the 1st July and gave the car a good look over and a written valuation of £11,500.

I then sent this along with many pictures to Classicline who have now given an agreed valuation of £12,000.

Mine is not for sale but with these written valuations and in the case of selling private i would probably market at £10,500.

Very useful. Thanks a lot.

TVRJAS

2,391 posts

129 months

Wednesday 30th July 2014
quotequote all
Just to add ZED4,

I purchased the car 1/07/13 from Hamilton Cars of Bristol who have sold 100's of TVR's at a purchase price of £10,950.

Since then upgrades have been my rear screen replaced,manifolds replaced and upgraded to silicone hoses and induction unit.

When selling a car it's all down to your relevant circumstances of how quickly you need to move the car on or how quickly you need to release some money. In your particular case of what you are doing with your Brother it's more down to a Brother love/trust relationship.

I have a fantastic relationship with my Brother and if i was considering a similar plan of yours i would't feel guilty asking for £5-5,500 from my brother.

My brother has been more kind though as he has a TR6 which is just being finished off from a full refurbish job and has put me on his insurance at his expense and the keys are available at any time.

V8Firm

67 posts

147 months

Wednesday 30th July 2014
quotequote all
David Gerald TVR valued my Griff (from my e-mailed details and pics)......sent me a valuation certificate for Insurance purposes. Cost a very reasonable £10.

TJC46

2,148 posts

206 months

Wednesday 30th July 2014
quotequote all
Hi Dan how are we? Really enjoyed the weekend on the isle of wight.

Having seen your car close up, its a very nice Chimaera and easy worth 11k to 12k.

Best thing is to calculate what you purchased it for, what you have spent improving and renewing certain things, but don't include standard service costs, and then you will have a realistic figure of what the car owes you.

As your "selling" half to your brother, I think a nice figure of 10k would be about right.

As stated earlier, I think your car is worth more, but family and all that!

A half share is a good idea, and as the value of Tivs can only rise, you should both be happy with any future value.

My Chimaera was inspected by TrackvRoad at Clitheroe for insurance purposes, and given a value of 12k.


zed4

Original Poster:

7,248 posts

222 months

Wednesday 30th July 2014
quotequote all
TJC46 said:
Hi Dan how are we? Really enjoyed the weekend on the isle of wight.

Having seen your car close up, its a very nice Chimaera and easy worth 11k to 12k.

Best thing is to calculate what you purchased it for, what you have spent improving and renewing certain things, but don't include standard service costs, and then you will have a realistic figure of what the car owes you.

As your "selling" half to your brother, I think a nice figure of 10k would be about right.

As stated earlier, I think your car is worth more, but family and all that!

A half share is a good idea, and as the value of Tivs can only rise, you should both be happy with any future value.

My Chimaera was inspected by TrackvRoad at Clitheroe for insurance purposes, and given a value of 12k.
Hi Tom,

I'm very good thanks. Busy at work, but can't complain. Still missing the fun of the IOW, can't wait for next year!

I actually got the car for a very good price, but I've spent a fair bit on the engine (cam, hoses and various other bits - forgot to mention it's got a new AP Racing clutch too).

What you say makes sense and the figure you mention is probably what we'll go with. It leaves a nice budget to buy a Caterham!