Advice for Insurance Valuation
Discussion
Hi all, I’m coming up to insurance renewal time and need to update the car’s valuation to ensure I have correct cover level.
Car Details: 2008 Manual V8 Vantage 4.3L N400 Roadster in Lightning Silver. Currently about 59,000 miles.
The issue I have is the suggested valuation just depreciates year in year, I know what I paid for the car 2 years ago, but since then it’s seems to me prices have gone up somewhat.
When I try using any online list price or valuation tool, I cannot even select the correct car model, N400 doesn’t exist in their systems so it just returns prices for standard 380hp 4.3L V8.
The valuations I’ve managed to get online seem too low and unrealistic.
I could only find one other N400 for sale online, at £38k it had similar mileage at 60,000, but was a Coupe not a roadster and also was Sportshift and not manual gearbox. From when I was looking to buy originally I recall roadster seemed to add a few k and manual as rarer often added about 5k.
So question is what do you think is reasonable for me to set as valuation or can any offer any advice.
Car Details: 2008 Manual V8 Vantage 4.3L N400 Roadster in Lightning Silver. Currently about 59,000 miles.
The issue I have is the suggested valuation just depreciates year in year, I know what I paid for the car 2 years ago, but since then it’s seems to me prices have gone up somewhat.
When I try using any online list price or valuation tool, I cannot even select the correct car model, N400 doesn’t exist in their systems so it just returns prices for standard 380hp 4.3L V8.
The valuations I’ve managed to get online seem too low and unrealistic.
I could only find one other N400 for sale online, at £38k it had similar mileage at 60,000, but was a Coupe not a roadster and also was Sportshift and not manual gearbox. From when I was looking to buy originally I recall roadster seemed to add a few k and manual as rarer often added about 5k.
So question is what do you think is reasonable for me to set as valuation or can any offer any advice.
Yeah… just renewed my insurance at an agreed value. It’s only enabled if they get a third party valuation in writing. HWM kindly provided the valuation, but they know the car well and see it regularly.
If you go to an AM main dealer for servicing, they may be kind enough to help too.
Otherwise, I wouldn’t go for an agreed value for yours. Don’t get me wrong - it’ll be lovely and cherished, but depending on your risk tolerance, the extra paid for an agreed value may be proportionately not worth it.
If you go to an AM main dealer for servicing, they may be kind enough to help too.
Otherwise, I wouldn’t go for an agreed value for yours. Don’t get me wrong - it’ll be lovely and cherished, but depending on your risk tolerance, the extra paid for an agreed value may be proportionately not worth it.
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