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Posted: Fri Feb 29, 2008 3:46 pm
by Spydermon
ian_uk wrote:Spydermon wrote:Say, for instance, that you payed this price (260k) and two years later the market value was say (175K) -heaven forfend yet again- and then somebody half-inched it, would they pay out what you paid, or argue for what it was worth now?
Each year you should be getting an agreed value on the car for insurance. And that doesn't mean you get one of your mates to write you out a valuation. The insurer would look for an industry expert to have written that valuation. And if the industry expert said the car is only worth 175K then that's what you would get back. The insurer is in effect paying out what it would cost you to replace in the market at that time ... not insuring you for overpaying or purchasing when the market is at a higher level.
As much as this galls me, I can see the rationale. If they follow the market trends with their payouts, then you will at least be able to get another one.
The cynical might say that if the market had plummeted then you might even be able to get a better one with less..!
Steve.
Posted: Fri Feb 29, 2008 3:51 pm
by Spydermon
I was just like you two months ago, then I discovered DDK......all that information.....stuff I didn't and still don't know...
Like I said, I really did nearly head off to Sydney, with just the pictures to look at.
As for difficult to please, well before I stray into the realms of Carry on films again, I'm very into form and function, and buying the best I can. I also really love detail, if you tell me something, be prepared for me to listen intently, then ask questions.
Apart from that I'm very easy-going!
Steve.
Posted: Fri Feb 29, 2008 4:00 pm
by Spydermon
Paul64 wrote:Freisingers offered me their (now) blue LWT for €250k last Autumn but it was beyond my reach for sure - I know I am happy with "0024" coming in the next few weeks and the price I paid having seen the way they are restoring it I think was fair considering the hours spent.
I think, even with the new panels on the car, there's still a huge amount of original steel left so will think of it as a rebuilt original rather than a 'new' reproduction...
For interest, I had a few quotes for insurance for mine, running from about 550GBP to 700. I chose Adrian Flux at just over 600.
They'll only insure it with a Thatcham 1 immobiliser fitted, as would most of the others. Agreed value is what I paid for it with annual adjustment as required.
Paul
Hi Paul,
Nice to see you popping in again,
I think maybe I'm a bit behind with the LWt prices, maybe because I have concentrated on the Tourings so far, but they are beyond my comfort zone. I'm happy with your 0024, and want to see more pics ASAP! One day I''ll weasel out of you what you paid, remember my PM guarantee, if you tell me by PM I won't tell.
Adrian Flux you say? Was this because they were middle-ground in price, or because you felt better about them, or have you previous experience with them?
Cheers,
Steve.
Posted: Fri Feb 29, 2008 4:09 pm
by Paul64
I used Adrian Flux previously when I had a series of Classics on leave from the Merchant Navy; Jensens, Jags, BMWs, Mercs - easy to work with and prompt with paperwork.
It's middle of the pack this time for sure but if anything does happen, I would prefer to work with someone interested in helping than getting out of paying...!
This is very distracting whilst at my desk though I think I hear the clink of wine glasses in the kitchen - it's Friday after all! I'll carry on at home I think.
PM on the way.
Paul
Posted: Fri Feb 29, 2008 4:39 pm
by Paul64
Steve, tried sending the PM but it's sticking in the Outbox... Will try again from home.
Paul
Posted: Fri Feb 29, 2008 4:54 pm
by Barry
Paul: they all do that Sir
.
The message only leaves your Outbox when the receiver picks it up.
This does have the benefit of meaning you can go back in and grab a message back should the need arise (heat of the moment etc
).
Posted: Fri Feb 29, 2008 5:01 pm
by Paul64
Ah, I just thought it was the French end being a little truculent...!
Posted: Fri Feb 29, 2008 5:16 pm
by Spydermon
Paul64 wrote:Ah, I just thought it was the French end being a little truculent...!
Got it now Paul, will reply soon,
Steve.
Posted: Fri Feb 29, 2008 6:23 pm
by Vic Cohen
HVE BEEN HEARING VERY GOOD THINGS RE fLUX AND THE OLDER CARS LATELY , PERHAPS THEY RE TRYING HARD ?
Posted: Fri Feb 29, 2008 8:40 pm
by IanMcLeod
one-two wrote:... An S-based replica somehow seems more appropriate than a T- or E- based replica. It's a bit like a Touring that's been converted to Lightweight. It's never going to command the same price, but it's directly adjacent to it and in most practical respects it's the same.
There's a much bigger diffference between an RS and an S than there is between the S and the E or T.
Posted: Fri Feb 29, 2008 8:46 pm
by IanMcLeod
sladey wrote:
The big difference to me with the reps is that it's NOT like a replica rolex, where inferior materials have been used. It's the SAME STUFF.
you can have two cars that came off the production line at the same time, an S and an RS. I'm talking about the later RS models here when they ran out of the lightweight glass and panels etc.
I don't know if I am odd in any way but it's the lightweight steel panels and the homologation strengthening mods which is what truely makes an original RS unique. You can't replicate the thinner panels when starting with a S shell (or E or T). Hence also always feeling the first 1000 RS are therefore more desirable when pricing a car.
Posted: Fri Feb 29, 2008 9:11 pm
by paulyb
I'd agree with that - but how many of those first thousand still have all the orignal panels
RS
Posted: Fri Feb 29, 2008 11:21 pm
by one-two
Ian_uk - why do you say that there is a bigger difference between the RS and the S than between the S and the T and E? I thought it was just 20bhp and some silly stickers and unsightly arches, but maybe you know differently?
Posted: Sat Mar 01, 2008 9:56 am
by Spydermon
ian_uk wrote:sladey wrote:
The big difference to me with the reps is that it's NOT like a replica rolex, where inferior materials have been used. It's the SAME STUFF.
you can have two cars that came off the production line at the same time, an S and an RS. I'm talking about the later RS models here when they ran out of the lightweight glass and panels etc.
I don't know if I am odd in any way but it's the lightweight steel panels and the homologation strengthening mods which is what truely makes an original RS unique. You can't replicate the thinner panels when starting with a S shell (or E or T). Hence also always feeling the first 1000 RS are therefore more desirable when pricing a car.
I do accept this and agree that it does make them special, but I do think that the hard work is the 'proving' of this. They've been around a long time for all sorts to have been done, and how many owners are truly scrupulous enough to 'fess up if they have made some 'necessary modifications' here and there?
Cheers,
Steve.
Posted: Sat Mar 01, 2008 10:04 am
by Spydermon
paulyb wrote:I'd agree with that - but how many of those first thousand still have all the orignal panels
That's the 'rub' isn't it? Who will risk dropping the perceived value of their 'first 1000' car by 'admitting' the loss of a panel here or there? Kind of loses the shine from the 'perfect in every detail' blurb from the description doesn't it?
Makes you wonder if a pluperfect -all original panels, never been raced, never been shunted, original colour, low mileage, first ten, never been trumped in- RS would
really be the top money car?
But <<Lloyd Grossman on>> "Where would you find a car like this?" <<Lloyd Grossman off>>
Cheers,
Steve.
