I do get the feeling that in general old established clubs and indeed some so called well informed people in those clubs are out of touch with today's prices.

55Kab wrote:

Me too.

... but I do feel £29k is too low given rarity, overall condition and the cost of having to replace the non standard parts.

Dunno...what do you think?

55Kab wrote:

only just found this forum and thread , hugely interesting reading on here :smile:

as for


There are three things in a classic vehicle that are often of more value than the metal itself.

Provenence, history and even a good story or legend behind it – R*****T***'s a good example. Oh and a fourth, low registration numbers (sadly).

so how do you put a value on an SP1600 beetle 1978 complete with original 1600 theo decker t/p engine and exhaust ,14" wide 5 sprintstars armourplated glass cvustom geabox unique to the SP only one in europe . Heritage insurance have insured it for £100k as they have deemed it irreplacable.

its the white one at the bottom on uk plates

https://www.sebeetles.com/sp_bug.htm 

answers on a postcard lol

sp1600 wrote:

As far as R*****T*** is concerned, I'm at loggerheads with my insurers at present as to his real value. They agree he's a very historic car and that a value in excess of £50,000 is probable. But a final figure has yet to be agreed before he's put at risk and let lose on the public road.:mellow:

Rattletrap wrote:

As we say here in Wales........"MALU CACHU".

'50 Karmann wrote:

Its the final figure above the £50,000 for this 1950 Historic Volkswagen Beetle with a massive history file that has yet to be agreed.

Let Me Know The Insurance Company That Agree's Your Value of R*****T*** ....

WayneMcCarthy wrote:

I would hazard a guess that the insurance value (Martin's '55 Kab) should be at least £50K, if not more.

vintagebug wrote:

Me too.

I do get the feeling that in general old established clubs and indeed some so called well informed people in those clubs are out of touch with today's prices. I wasn't expecting to get a like for like replacement valuation but I do feel £29k is too low given rarity, overall condition and the cost of having to replace the non standard parts.

Dunno...what do you think?

55Kab wrote:

As far as R*****T*** is concerned, I'm at loggerheads with my insurers at present as to his real identity.

Rattletrap wrote:

only just found this forum and thread , hugely interesting reading on here :smile:

as for


There are three things in a classic vehicle that are often of more value than the metal itself.

Provenence, history and even a good story or legend behind it – R*****T***'s a good example. Oh and a fourth, low registration numbers (sadly).

so how do you put a value on an SP1600 beetle 1978 complete with original 1600 theo decker t/p engine and exhaust ,14" wide 5 sprintstars armourplated glass cvustom geabox unique to the SP only one in europe . Heritage insurance have insured it for £100k as they have deemed it irreplacable.

its the white one at the bottom on uk plates

https://www.sebeetles.com/sp_bug.htm 

answers on a postcard lol

sp1600 wrote:

With all due respect, I agree that the SP1600 is a very unusual and rare late model car, but £100k?? Come on! Knock one of the zeros off the end of that value and you are probably at the high-end of anyone's optimistic valuation of that car.

Rich Oakley wrote:

Martin,

A club valuation for insurance purposes is a like-for-like, total loss valuation. With unique cars like yours, this should be based on and justified by evidence from similar car sales in recent times (other early 'vert ads from thesamba should help, although I appreciate it is difficult to find cars of a similar ilk/standard to compare with).

Rich.

Rich Oakley wrote:

I think you're correct, Martin. I would say it's way too low. Your particular car is a rare pre-Aug 55 RHD, which has had a huge amount of time, work &, no doubt, money, put into it. Although I haven't seen it "in the flesh" I have seen many pics on the forums and the standard/ quality of work is absolutely second to none.
Out of interest, how many pre-Aug 55 original-RHD cabrios are left these days? Did you get to about 12 when you were searching? Surely that extremely low number on it's own would mean it would be worth more?

I would hazard a guess that the insurance value should be at least £50K, if not more. Maybe you need to speak to a few more insurance companies?

vintagebug wrote:

So what to do? It needs someone from an approved club to provide a letter confirming the car is worth the types of figures being quoted here otherwise it doesn't happen...and the best I can get so far is £29k from the cabby owners club...

55Kab wrote:

Bob Shaill.
Route i went down,He will value the car for you for a VERY small fee and supply on headed paper,i obtained agreed value of 50K.

Failing that have a word with Malc Hawkins,he used Footman James for his Heb and they didn't argue with his own valuation.

'50 Karmann wrote:

I got John Maxwell of the Historic VW Club to do the valuation letter for #601
based on asking/selling prices of other Hebmüllers which have been advertised.

Basically, I could prove how much it would cost to buy another should anything happen to it.
Not so easy with a modified vehicle- The cost of a well restored car plus the cost of all of the goodies would be a good starting point which I guess insurers would agree?

Footman James have always been spot on. Happy to insure for any confirmed valuation, subject to premium!

Malc

six-o-one wrote:

Bob Shaill.
Route i went down,He will value the car for you for a VERY small fee and supply on headed paper,i obtained agreed value of 50K.

'50 Karmann wrote:

…Footman James have always been spot on. Happy to insure for any confirmed valuation, subject to premium!

six-o-one wrote: