Insurance help: Value of an MX5?

[Some Gump]

Hi PH,

As per my last thread, my wife's mate is currently negotiating with her insurance re the write off value of her Eunos, which was written off when a car next to it burned to death, stripping paint off 1 flank and melting the roof.

Spec:
1994, 1.8, white, LSD
125k Km's (77k miles)Air con, power steering, decent stereo.
Immaculate condition - no dings, scratches, stonechips, rust, nothing.
Wheel refurb and 4 new tyres just before MOT 2011 - sailed through so renewal was aug 2012.
1 UK owner since import 3 years ago, full service history in this time.

Please can the masses of PH assit with values? Insurance are saying "book is 800, we'll give you 1.2 and thats it". I don't think a car anywhere near that standard is buyable for 1.2k. I know 20% of PH regulars will tell me to do it myself, but time is short re. settling with insurance, and I know very, very little about the MX5 / Eunos market.

Cheers in advance

Gump

Edited by Some Gump on Tuesday 29th November 19:24

[J4CKO]

Probably double that, find comparable cars for sale, sometimes they are up to 4k on 2004 which may be optimistic but its a lot more that £1200;

[vrsmxtb]

From my research when buying earlier in the year I'd say £2.5 - 3k,maybe more if mint as you say? You do hear insurance companies raising their offers if you stand your ground on valuation, and can provide enough examples of comparable cars. Maybe it being a Eunos import is considered a negative by them?

Edited by vrsmxtb on Tuesday 29th November 19:27

[Some Gump]

cheers chaps.

[davidsc]

I'd say 1500-2000 is about right.

A lot of prices you seen online are simply dreamers, your MX5 isnt a special edition or anything is it?

You can get VGC RS Limited's for £3k, so a boggo wouldnt be worth near that. However if it was a UK model I think they command a little more money.

I recently sold my Turbo'd 5 for best part of £6,000 but this was mint, just had a complete respray etc.

It seems that modified ones are selling better than bog standard ones because you can get more for your money.

[furtive]

£3k for a 1994 car? You're kidding right?

[zaphod42]

Tricky - I'd say 2k was closer to the mark. Hard thing will be finding one with aircon as so few do...

[Luke.]

Think the first two posters read it as 2004, not 1994. Muppets

[hornetrider]

zaphod42 said:

Tricky - I'd say 2k was closer to the mark. Hard thing will be finding one with aircon as so few do...

All the imports do at that age.

I'd say 2k is about right. You just need to find adverts for comparible examples and show them to the ins company.

[Some Gump]

Thanks again folks. As I said, no expert on mx5's, and it's not my car - I polished it for her last month, so know condition but not the market. I'll hunt out ads and aim for nearer 2 k for her, bit of a bummer if I can't better 1200 quid (less excess gives her about 850 to spend on a replacement, which would be a nail of an mx5!)

[CampDavid]

Some Gump said:

Thanks again folks. As I said, no expert on mx5's, and it's not my car - I polished it for her last month, so know condition but not the market. I'll hunt out ads and aim for nearer 2 k for her, bit of a bummer if I can't better 1200 quid (less excess gives her about 850 to spend on a replacement, which would be a nail of an mx5!)

Err, why's she paying an excess? Surely the car next to it's paying that

[GC8]

Better to ask in Jap Chat / MX-5, or better still on MX-5 Nutz. MX-5s values seem to be extremely understated on commercial guides, but thats usually the case with niche sports cars.

[Some Gump]

CampDavid said:

Err, why's she paying an excess? Surely the car next to it's paying that

Stolen car torched = she has write off with no fault of her own, all on her back. Apparently if the stolen car hit her she'd be covered, but not if it's burned.

[CampDavid]

Some Gump said:

CampDavid said:

Err, why's she paying an excess? Surely the car next to it's paying that

Stolen car torched = she has write off with no fault of her own, all on her back. Apparently if the stolen car hit her she'd be covered, but not if it's burned.

You sure?

I'd be taking legal advise on that

[Some Gump]

I tookPH advice last week, PH told me her insurance was right =(

[snotrag]

£1500, £2000 absolute max.

[U T]

CampDavid said:

Some Gump said:

CampDavid said:

Err, why's she paying an excess? Surely the car next to it's paying that

Stolen car torched = she has write off with no fault of her own, all on her back. Apparently if the stolen car hit her she'd be covered, but not if it's burned.

You sure?

I'd be taking legal advise on that

No need for legal advice. Who exactly is she meant to claim the excess back from? The owners of the stolen car? How were they to blame? Could get is of the thieves...if you can catch 'em.

[johnpeat]

U T said:

No need for legal advice. Who exactly is she meant to claim the excess back from? The owners of the stolen car? How were they to blame? Could get is of the thieves...if you can catch 'em.

They'd have been to blame if their car had hit her - but not because it damaged her without hitting her

You're dead right - that makes perfect sense

Not

[nottyash]

Luke. said:

Think the first two posters read it as 2004, not 1994. Muppets

I would of said bite thier hand off at £1200 for a 1994 import.
If you dont think thats enough all you can do is take advert details of same age/ milage/ imported/ same condition cars for sale and go from there.

[CampDavid]

U T said:

CampDavid said:

Some Gump said:

CampDavid said:

Err, why's she paying an excess? Surely the car next to it's paying that

Stolen car torched = she has write off with no fault of her own, all on her back. Apparently if the stolen car hit her she'd be covered, but not if it's burned.

You sure?

I'd be taking legal advise on that

No need for legal advice. Who exactly is she meant to claim the excess back from? The owners of the stolen car? How were they to blame? Could get is of the thieves...if you can catch 'em.

The owners of the car, obviously.