Caterham acadamy resale value and race insurance.....
Discussion
Wondered what the approximate (based on the last few years) resale value of a Roadsport 1.6 academy car would be after 12 months compared with a standard 1.6 roadsport?
Do any companies offer competitive race insurance for the Academy races and/or what's the average shunt rebuild cost?
Do any companies offer competitive race insurance for the Academy races and/or what's the average shunt rebuild cost?
Edited by dom180 on Tuesday 26th May 21:18
Values probably £13,500 to £15,000 although clearly depends on spec and condition. Good, clean 1 year old cars might get £15,500 if caterham are selling but private sales will be cheaper.
Insuremotorsport.com will charge you something like £1,300 for a full season of race, test and track day cover with a £2,000 excess. A "long front" will probably cost around £5,000 once you add in all the bits and labour charge assuming you just hand it over to caterham to fix.
Insuremotorsport.com will charge you something like £1,300 for a full season of race, test and track day cover with a £2,000 excess. A "long front" will probably cost around £5,000 once you add in all the bits and labour charge assuming you just hand it over to caterham to fix.
Long front at an independant like us costs about £3,500 (including Arch repair, normally with one or both side skins as well as the chassis repair)
Remember that most track insurance (apart from the track day cover in your road insurance will have ~ £2,500 excess) IMHO you're better off putting the premium in a bank account. The £5k - £7k accidents are very rare, and there are much more ecconomical ways of getting back on track
I assume you're not intending doing any work yourself ?
Remember that most track insurance (apart from the track day cover in your road insurance will have ~ £2,500 excess) IMHO you're better off putting the premium in a bank account. The £5k - £7k accidents are very rare, and there are much more ecconomical ways of getting back on track
I assume you're not intending doing any work yourself ?
Thanks for the replies.
I haven't done much maintenance on cars so if I bought a Caterham (fully built!), I'd have to get most of the stuff done I'm afraid.
Been looking at some of the Academy videos and it looks a cracking series - especially after the first year when you switch to the next series using the same car.
I haven't done much maintenance on cars so if I bought a Caterham (fully built!), I'd have to get most of the stuff done I'm afraid.
Been looking at some of the Academy videos and it looks a cracking series - especially after the first year when you switch to the next series using the same car.
Incorrigible said:
Long front at an independant like us costs about £3,500 (including Arch repair, normally with one or both side skins as well as the chassis repair)
I think I need to start subbing my repair work out to you! You're going to be giving Arch nearly £2k for the repair, so that doesn't leave an awful lot for getting it there and back, painting it and replacing all the damaged parts. Is your labour free?sfaulds said:
Incorrigible said:
Long front at an independant like us costs about £3,500 (including Arch repair, normally with one or both side skins as well as the chassis repair)
I think I need to start subbing my repair work out to you! You're going to be giving Arch nearly £2k for the repair, so that doesn't leave an awful lot for getting it there and back, painting it and replacing all the damaged parts. Is your labour free?
but very reasonable, normally about £600 (depending on how nuch I can repair, more if I can repair more, less for just bolting on new parts)Just been through the last few I did, £3.2k, £3.2k, £3.5k, and £4.5
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