Insurance woes? Reclass as a kit car a solution?
Discussion
Since it seems to becoming increasingly difficult to insure modified TVR's how's this for a thought.
From investigations I've done in the past, it seems that Kit Cars are relatively cheap to insure.
What defines a Kit Car?
If "plasticman" could be persuaded say to make some of his creations available as a full body kit, would the result then be classed as a Kit Car?
You could then thump any engine in it, and it wouldn't be a Modified TVR - but a Kit.
I am particularly thinking of his, in my view, cracking creation of the Tamora/Sagaris meld.
Imagine that with a LS7!
Same could be done with Chim/Griff chassis, or Cerb.
No, I haven't been drinking ... maybe I should.
Thoughts?
From investigations I've done in the past, it seems that Kit Cars are relatively cheap to insure.
What defines a Kit Car?
If "plasticman" could be persuaded say to make some of his creations available as a full body kit, would the result then be classed as a Kit Car?
You could then thump any engine in it, and it wouldn't be a Modified TVR - but a Kit.
I am particularly thinking of his, in my view, cracking creation of the Tamora/Sagaris meld.
Imagine that with a LS7!
Same could be done with Chim/Griff chassis, or Cerb.
No, I haven't been drinking ... maybe I should.
Thoughts?
The issue you'd have of course is that it would lose the TVR description on the V5 and it would be replaced by another description which would then seriously effect it's value, the other danger is that it would be assigned a Q plate which are still somewhat of a stigma nd cannot be replaced with a 'cherished number'
I'm not 100% aufait with the new SVA/IVA regulations with regards to kits but as you'd be retaining the majority of the car and the chassis which has the identification number stamped on it it wouldn't need to have a new identity assigned.
I think teh short term insurance gain would be offset by the impact on value imo.
I'm not 100% aufait with the new SVA/IVA regulations with regards to kits but as you'd be retaining the majority of the car and the chassis which has the identification number stamped on it it wouldn't need to have a new identity assigned.
I think teh short term insurance gain would be offset by the impact on value imo.
V8 GRF said:
The issue you'd have of course is that it would lose the TVR description on the V5 and it would be replaced by another description which would then seriously effect it's value, the other danger is that it would be assigned a Q plate which are still somewhat of a stigma nd cannot be replaced with a 'cherished number'
I'm not 100% aufait with the new SVA/IVA regulations with regards to kits but as you'd be retaining the majority of the car and the chassis which has the identification number stamped on it it wouldn't need to have a new identity assigned.
I think teh short term insurance gain would be offset by the impact on value imo.
If it doesn't get a new identity, then does it stay as a TVR on the V5?I'm not 100% aufait with the new SVA/IVA regulations with regards to kits but as you'd be retaining the majority of the car and the chassis which has the identification number stamped on it it wouldn't need to have a new identity assigned.
I think teh short term insurance gain would be offset by the impact on value imo.
Does putting a Chevy engine in a TVR make it "less" of a TVR anyway?
BTW - these are just ponderings - I have no intention of actually doing this!
It's just a what if exercise.
sgrimshaw said:
V8 GRF said:
The issue you'd have of course is that it would lose the TVR description on the V5 and it would be replaced by another description which would then seriously effect it's value, the other danger is that it would be assigned a Q plate which are still somewhat of a stigma nd cannot be replaced with a 'cherished number'
I'm not 100% aufait with the new SVA/IVA regulations with regards to kits but as you'd be retaining the majority of the car and the chassis which has the identification number stamped on it it wouldn't need to have a new identity assigned.
I think teh short term insurance gain would be offset by the impact on value imo.
If it doesn't get a new identity, then does it stay as a TVR on the V5?I'm not 100% aufait with the new SVA/IVA regulations with regards to kits but as you'd be retaining the majority of the car and the chassis which has the identification number stamped on it it wouldn't need to have a new identity assigned.
I think teh short term insurance gain would be offset by the impact on value imo.
Does putting a Chevy engine in a TVR make it "less" of a TVR anyway?
BTW - these are just ponderings - I have no intention of actually doing this!
It's just a what if exercise.
There are threads all ove the place argueing this, personally I think it's in the 'spirit' of TVR to have engine swaps and mods so I don't think it makes it any less a TVR. Paul Black's awesome Sagaris being a great example, that may no longer have a Speed6 but it's still got the 'essence' of TVR imo.
Hoover. said:
There are some people in our TVRCC who have their cars insured through kit car specialists, and their premiums are on the floor compared to the main recognised TVR insurers......
may be worth a few calls.... can't remember the brokers/insurers name for the life of me though
That must be worth following up, I'll pop over to the club and post the question later.may be worth a few calls.... can't remember the brokers/insurers name for the life of me though
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