Tamora valuation?

[Getsis]

Just seen this in the classifieds http://www.pistonheads.com/sales/3752427.htm and it got me questioning how I have valued my car! I have an agreed insurance of £29K (what I think it would sell at private, I came to this figure was as follows.

If it was a normal 3.6 with 15K miles then I would get approx £18.
"Upgrade" cost that add value £15K
Total £33K but as we all know people will not pay the same as you paid for the upgrades. so I deducted 12%.

Now the car above is for sale at £25.75K same colour/interior etc but 4.0 red-rose.
So do you think I have got the valuation correct or should I increase the agreed value? and would anyone pay over £30K for a Tamora?

(If I didn't have my Tamora I would be looking at this one)

[collingbroon]

If this helps i have an 05 tuscan mk2 which was a 3.6 but have since had the power 4.3 upgrade done.
I have an agreed insurance value of £28500. I had to get it valued by a tvr garage and get it in writing from them. I think it may be a struggle to sell for over 30k but then i intend to keep my car so the agreed value is just for peace of mind incase it gets smashed.

[mycroft]

I am surprised you have not had more response to this thread . I think if you have agreed value of 29k then you have done well and stick with it . Tamoras in general are under valued in my view and a 4.5 is a rare beast so until a few are sold its not possible to know if the value of your rebuild is reflected in resale value . It will be very interesting to see if TvR sell the 4.0rr for the advertised amount the 20k+ Tams seem to hang around in the classifieds and i am not sure if any Tam regardless of spec will make more than 25k .
I hope the values do go up , there are gaps between Tam ,T350 and Sag values that are a mystery to me .
Dale

[Geoff Ashcroft]

mycroft said:

I hope the values do go up , there are gaps between Tam ,T350 and Sag values that are a mystery to me .
Dale

I'm with you Dale, there's no reason why the Tam (particularly later models) should be a lesser valued car than the T350 and I also believe they are under-valued.

[Jammy Dodger]

I also feel Tams are undervalued - had the right car come up when I was looking then I would've bought it.

I disagree with the premium for modifications though. Having spent approx. £20k (without including duplication of costs for reasons best left unrepeated) on the notorious chim, I reckon I'll be lucky to recover 30% of spend as a premium. Case in point 2 SC chims marketed recently for only £5k over typical standard examples. Both extensively improved - and properly.

[TVR_owner]

Is the car a genuine Red Rose car.

Is it a 3.6 Red Rose that's had a 4.0 rebuild?

Do some homework , what is described as a 4.0 RR Tam from the factory is possibly something different to what it maybe says in the add...

[ray von]

Why do people who have a speed 6 rebuild expect a premium, yet people who have had a V8 rebuild get fk all for it?
Ok the speed 6 is 'expected' to pop but why would people assume they would get back virtually the full price for the rebuild?

[Jammy Dodger]

ray von said:

Why do people who have a speed 6 rebuild expect a premium, yet people who have had a V8 rebuild get fk all for it?
Ok the speed 6 is 'expected' to pop but why would people assume they would get back virtually the full price for the rebuild?

.....red rose tinted glasses I suppose

[TVR_owner]

ray von said:

Why do people who have a speed 6 rebuild expect a premium, yet people who have had a V8 rebuild get fk all for it?
Ok the speed 6 is 'expected' to pop but why would people assume they would get back virtually the full price for the rebuild?

LOL

Cos this is PH and not the real world

[Barry Ashcroft]

Tam's do sell for £25k but they have to be special.

[Getsis]

Barry Ashcroft said:

Tam's do sell for £25k but they have to be special.

I agree but would someone pay £3.5k more than the RR car for mine? Not that I will be selling it just trying to understand the market for a special Tamora

[Jammy Dodger]

Getsis said:

I agree but would someone pay £3.5k more than the RR car for mine? Not that I will be selling it just trying to understand the market for a special Tamora

Gut feeling is that one of a handful of factory original RR cars, assuming low owners, FSH, no modifications, no accidents, all original, in the long term may potentially prove more desirable from a collector's point of view - IF the mileage is kept v. low and IF in 10/20/30 years there is a serious collectors market for TVR/T Cars.

Yours is probably more desireable to drive as a 4.5 with warranty, but the more you drive it the less it will be worth and ultimately it has been modified (like my 500'ish bhp Chimaera) which long term will most likely count against it.

My plan (for one of the most expensive chimaeras on the road) is to achieve value by enjoying it through driving it long term and accepting that pleasure has come at a price.

[MrChips]

If you have something thats been upgraded then i think There's a big difference in what you should realistically expect if you sold your car V's what you should strive to get it valued at for insurance.
For me, if the worst happens and you write off the car or it gets nicked, you should be able to buy another car and modify it back to the same level ad the one you lost, why wouldnt you get an agreed value that would enable you to do this? Otherwise why not just take a policy which would payout "Market value"?

[Jammy Dodger]

the other consideration, IMO, is that if you expect the full value (- 12% wouldn't be a big enough discount for me) of the upgrade/s as a premium, then your market might consider buying a pre engine rebuilt car (for £12k) and have the pleasure (?) of specifying the upgrades themselves, then using the new improved car from rebirth, rather than your "2nd hand" upgrades.

Much in the same way that high end watches and used cars (generally) MUST be significantly cheaper than new to be attractive 2nd hand propositions.

[collingbroon]

Getsis said:

I agree but would someone pay £3.5k more than the RR car for mine? Not that I will be selling it just trying to understand the market for a special Tamora

I would. You did what you did to make the car far better than it was and with the power you have under the bonnet and 100,000 mile peace of mind its a no brainer if its a Tamora you want and you want to spend that much. I think if someone was to test drive the RR car and then yours then another 3.5 grand wouldnt seem that much.

[Getsis]

I think I will stick with the 29k agreed value, but I know it would cost me far more to re-due a Tam to the standard I have mine at the moment. I wouldn't do it again though as it would never feel the same. Thanks for the replies.

[Jammy Dodger]

Getsis said:

I think I will stick with the 29k agreed value, but I know it would cost me far more to re-due a Tam to the standard I have mine at the moment. I wouldn't do it again though as it would never feel the same. Thanks for the replies.

I wouldn't do it again either.

Mine is insured for £22k. Cost me £15k to buy, over £20k spent, owes me over £35K !

Pretty sure the insurers would've baulked if I'd attempted an agreed value of £35k

Enjoy it carefully

[Getsis]

I see the 4.0 RR has sold. I think that's the most I have seen a second hand Tamora sell for in the past 2 years! if it did sell close to the asking price that is.