Classic car written off - valuation help needed!

forgotmyname

It is hard to polish rust and get a decent shine.

Hammyman

Rotherham_Lass wrote: »

I went through a classic car insurance broker so thought I did have specialist insurance.

What you needed was a policy with an agreed value. This usually requires you to sendin photos and/or a written valuation from a specialist.

liam8282

Mustard_Dave wrote: »

According to who?

http://en.wikipedia.org/wiki/Classic_car

Yes the above link is for the American car club, but still widely accepted in the UK that cars 20+ years become a classic car.

liam8282

The HM Revenue & Customs define a classic car for company taxation purposes as being over 15 years old and having a value in excess of £15,000.

The UK definition of a classic car from the above link!

Actually 15+ years!

ani_26

There are too many definitions of what constitutes a classic car.

The austin metro could be classed as a classic car, as its now 30 years old. Buts it doubtful its worth over £15000. A car is never going to attain that sort of value until its maybe 50 years old, in my opinion, but thats only my opinion. Well thats when you start talking of amounts starting £35000 plus. I've always know mine is a classic car, instinctively. Its unique, undoubtably, but in terms of value, its pretty worthless. I spent more than the value of the car, maintaining it, last year. I doubt it will be worth anything of great vaue, in my lifetime, but its good to own it as an example of car history and progress.

Interesting too, they've never replaced the model, even though there was some talk of it.



OP, if you are really attached to your car, like i am, i would suggest you try to keep it. I recently had my car damaged whilst it was parked, in my abscence, in a hit and run. I was fortunate i had witnesses and was able to trace the owner of the other vehicle. My car was assessed by 3 insurance assessors, who incidently, all, wanted to purchase my car, as a write off. But i stood my ground and insisted the car was repaired, even though the cost of the repair was almost the value of the car, ( largely cosmetic repair, not structural ). I was quite prepared to buy the car back from the insurance company, worse case scenario, even if i then could'nt afford the repairs, ( thats insanity ).


It is frustrating when you feel you are penalised, for something you had no control over. Hope you get sorted.


Nh