Esprit V8 value

[andyblackman777]

I'm just renewing my insurance and I was made aware of an upper limit to the "market Value"..... Anyway I can either increase this limit if required or get an agreed valuation.

Currently limit is £30k. 

I was wondering what I should increase this to. seems to me prices are between £30k and 65K

Any thoughts

Cheers Andy

[LotusFella]

I sold my 99 V8 last year for 32k. Although had just put in new clutch and 2 recon turbos.

[Bibs]

Depends on a few factors to be honest but £40k seems to be the going rate for a V8 if you ask me!

 

[superdavelotus]

I have an agreed value on my 99GT for £50K for the past couple of years. Mine is low mileage at 39K. 

[Tim H]

I have had my car independently valued nearly two years ago at £46K, that is a 2001 GT with 24k on the clock.

Thanks

Tim

[jep]

I would strongly advise you obtain an agreed value, particularly if your car is genuinely low mileage and original. IE. Hard to replace.

It also helps in the event of an accident, less likely to write the car off for an expensive repair. 

Justin 

 

[Barrykearley]

13 hours ago, Bibs said:

Depends on a few factors to be honest but £40k seems to be the going rate for a V8 if you ask me!

 

Is that the sale price or the engine rebuild price 🤣

[Tim H]

My valuation was for the insurance for agreed value, this is re-assed every two years.

[andyblackman777]

Thanks guys. 
who do people go to for a valuation?? 
cheers 

Andy 

[Senior]

I just told my insurance company what I wanted mine valued at (60k), they sked for pic's and some data to back it up and that was that.

[Tim H]

Club Lotus.

[andyblackman777]

Thanks guys. 
I’ll get on it  

Andy 

[LotuStuart]

On 07/10/2022 at 18:03, Senior said:

I just told my insurance company what I wanted mine valued at (60k), they sked for pic's and some data to back it up and that was that.

With most insurance (all?) the higher the potential payout is, the higher the premium is. So the insurer may well be willing to agree to a valuation of -say- £200,000 but with an annual payment of -say- £10,000. 
 

[andyblackman777]

Correct 

[superdavelotus]

I have an agreed value of £50K for mine and my annual premium is about £300. As the value has gone up over the years, the premium has always stayed around £300 for some reason? I am not going to argue with that!