1964 MGB Roadster valuation (Midlands)

1964 MGB Roadster valuation (Midlands)

Author
Discussion

Blakeyspost

Original Poster:

39 posts

125 months

Thursday 11th December 2014
quotequote all
Having recently spent over £10k having an '64 MGB Roadster refurbished I'd like a second opinion on the work done and valuation I was given on the finished car. I was curious how to go about doing this. Coming from the Midlands, does anybody know of an independend specialist that may help?

Thx

nta16

7,898 posts

233 months

Friday 12th December 2014
quotequote all
I don't know if it helps but insurance valve is based on general cosmetics (as can be sales valve) the mechanics are of little interest so money spent on them is of a low proportion when reflected in the insurance value

Blakeyspost

Original Poster:

39 posts

125 months

Thursday 18th December 2014
quotequote all
Thank you for your response and making a valid point. The 10k spent is pretty much all cosmetic and chassis work. It's just that it appears to be a lot of money to me and I'd like the work done (or said to have been done) verified by somebody knowledgable and unbiased.

Geordie MGmike

134 posts

138 months

Thursday 18th December 2014
quotequote all
FWIW I would use the local clubs (MGOC, MGCC) to get recommendations in the local area.
10k is an awful lot of dosh and the list of things done must be extensive?

I suspect from your post that you are not completely convinced the work was done or the quality is not as you expected. In that case an independent inspection will help settle your mind.

Valuation is always less than we think it should be and almost certainly less than you've spent! I do all my own work and still don't expect to get a return on the materials used and forget about the cost of my time....

chormy

635 posts

195 months

Friday 26th December 2014
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The value for a good 64 car would be in the region of 12-16k, A fully restored car 24-29k but not many sell at that price. If you consider that to rebuild a car will cost around 30k from most shops.

I spent 24k on shell and running gear no engine. I could have spent less by buying a new shell and fitting the tunnel but that defeats the object of keeping the car.

Enjoy the car look after the body the mechanics are the cheap part ! 10k to put a smile on your face is a good investment

chormy

635 posts

195 months

Friday 26th December 2014
quotequote all
The value for a good 64 car would be in the region of 12-16k, A fully restored car 24-29k but not many sell at that price. If you consider that to rebuild a car will cost around 30k from most shops.

I spent 24k on shell and running gear no engine. I could have spent less by buying a new shell and fitting the tunnel but that defeats the object of keeping the car.

Enjoy the car look after the body the mechanics are the cheap part ! 10k to put a smile on your face is a good investment

wildoliver

8,766 posts

215 months

Saturday 27th December 2014
quotequote all
In the event the reg no starts DBX if you PM me I know a lot of the early history of the car as it was family owned by us til the 90's.

Blakeyspost

Original Poster:

39 posts

125 months

Monday 29th December 2014
quotequote all
Appreciate the input guys. Will post pictures when the sun comes out !!

terenceb

1,488 posts

170 months

Monday 12th January 2015
quotequote all
You definitely have a 63/64 shell, look at the slopping panel of the bulkhead, it has two swages in it.This was changed to completely flat around mid 64.
As for the value, B restoration will often exceed the cars market value, just the same as Jags/ Healeys and son on.