Agreed Valuation

[Jack92]

Hey Guys,

Just renewed the scirocco insurance and got an agreed valuation on it. I went in high and asked for £5000 and they obviously knocked it down and came back with £3750.

What's your thoughts?

Images i sent them are below

[Jack92]

Just wondering if anyone has an idea before accepting it

Thanks

[the edmundator]

I'd say their figure seems about right, to be honest. Really smart, original, low owner/miles cars might make around £5000 but it's pretty unusual. "Good" mk2s are generally in the £3k-£4k bracket, I'd say.

I have my one-previous owner GTX, which is just fresh from a glass-out respray and full mechanical overhaul, insured for £5k with Footman James.

[Jack92]

I'd say their figure seems about right, to be honest. Really smart, original, low owner/miles cars might make around £5000 but it's pretty unusual. "Good" mk2s are generally in the £3k-£4k bracket, I'd say.

I have my one-previous owner GTX, which is just fresh from a glass-out respray and full mechanical overhaul, insured for £5k with Footman James.

Good news then

Thanks ed


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[james butler]

i upped the agreed valuation on mine this year, the insurers asked if i would be happy at the value as market value would then be irrelevent in a lost or total loss situation which i think is their way of saying if the market value is higher then the agreed value then tough cookie.
so dont under value it, however that said i think your valuation is a fair one so as long as your happy i would go with it.
like ed says these cars have a realistic ceiling unless your insuring for specific work youve had done that makes the car unique