70's lad Posted March 26, 2019 Share Posted March 26, 2019 Hi I'm looking for some car valuation direction for my sons mk3 cabbie as its going into long term storage while his at uni. If it helps my mk3 cabbie is the more common 1.6 i totally standard and in good condition and has been valued at 7.5k. My son's is the more rarer 1.3l carburettor and was the only one in UK registered. With a black box this enabled him to get car insurance as his 1st car. His is tatty needs tlc but is a good runner and although I'm not going to I could probably get it through an mot so it's not a basket case. It was valued at 2k I'm now thinking 3k possibly more, what do others think please? This is not an advert just trying to protect investment whilst laid up. Thanks all. Jon Quote Link to comment Share on other sites More sharing options...
Ian71 Posted March 26, 2019 Share Posted March 26, 2019 Dont be fooled by silly prices cars are advertised for, most struggle to sell. What has the insurance valued it at ? Quote Link to comment Share on other sites More sharing options...
70's lad Posted March 27, 2019 Author Share Posted March 27, 2019 Thanks for responding Ian. Laid up insurance is the issue as if it gets stolen i could get just scrap value rather than true value although the specialist suggested to ask car clubs etc. When it was on the road last year independent guaranteed cover was agreed at 2k with supporting photos etc and based on auction price we won the car at plus some minor renovation I did (I work for ford and done my apprenticeship on these). However these are going up and this is going away for a few years so I want to ensure I have the best protection. Thanks for any more advice. Jon Quote Link to comment Share on other sites More sharing options...
Ian71 Posted March 28, 2019 Share Posted March 28, 2019 Why put in storage,sounds cheaper to carry on insuring while he is away,and carry on getting the car restored ? Quote Link to comment Share on other sites More sharing options...
70's lad Posted March 28, 2019 Author Share Posted March 28, 2019 Laid up insurance is very cheap and only minorly escalates on a guaranteed value hence trying to find out how much best to insure it for. If I continue to insure my 19 year old son even with a black box I can multiply that twenty fold at least. It's actually going into a nearby lockup as its blocking access to my garage and therefore my mk3 cabbie, and if being left out for 2 to 3 years it will further rot and I'm less likely to use mine. There is logic here I think Quote Link to comment Share on other sites More sharing options...
Ian71 Posted March 28, 2019 Share Posted March 28, 2019 Yea, I can see that now lol Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.