jamesStag Posted November 12, 2017 Report Share Posted November 12, 2017 Hello All, This question has arisen from me renewing my TR6 insurance. I've now joined the TR Register scheme but as part of that they ask you what value you have on the car. £11k I said (per reasons below) but after sending pictures the person called me back she commented that her manager asked to question the value as it seemed far too low. Now the thing is I'll happily admit that my car is partly a 'bitza' and more significantly has been crash written off in its past. However since full rebuild I believe it to be in good sound condition. So I'm not sure how to reasonably value it as the 'normal' market value probably doesn't fit. I also realise that any car is only worth what someone else is prepared to pay for it. So my thoughts were to ask the 'learned forumites' on their view please. I'll give a brief summary below and a few pics too. I'm sure i'll get a range of views but all opinions are valid....! So good points A 1969 CP TR6, UK car, original engine, gearbox, chassis etc. now at 82k miles, thought to be fairly accurate from history. Full nut & bolt rebuild in 2008, folders of photos/receipts, chassis repaired at T-shirt, diff pins strengthened, rear wishbone outriggers have been welded. Otherwise chassis seems sound. Four new wings fitted. Engine fully rebuilt, inc ground crank, new pistons, etc. Is a 'home' rebuild but plenty of photos and again engine seems sound (oil pressure 70psi cruise, 45psi idle at 800rpm) Gearbox & overdrive rebuilt in 2013, new layshaft & bearings. all new seals. (to stop oil leaks and solve intermittent O/D, not due to any big failure) Diff- rebuilt PI runs well, smooth and goes well. Lucas pump rebuilt 2014, new injectors, MU untouched for many years (if not broke, don't fix it!! ) The poor points At the 2008 rebuild, the original tub could of been repaired, but the then owner opted to use a USA tub. So its not the original tub, however I have to say the USA tub is rock solid. Not welded anywhere and no corrosion, floor, sills, etc all very clean. The crash - In 2010 a driver failed to see the stopped TR6 at a roundabout and slammed into its rear. After much haggling with the insurance company they told its previous owner it needed another body off rebuild (the owner did not agree with this. It was driven home from the crash). The insurance company wrote it off. It was salvaged by a classic car company. chassis found to be fine, tub not removed. It needed a new rear valence, new nearside wing, new bumper and 2nd hand nearside door (bent when rear wing moved forward). It was inspected and is back on road as Cat 'C' right-off. I bought the car in 2012, eyes wide-open to crash repair, for £9k. inspected it with all rear trim removed & on ramps. In my opinion its a good repair. inside of boot spare wheel well and inside rear wings, etc is remarkable - you wouldn't know. Only tell tales is a very small kink on the inside rear wheel arch to the left of the petrol tank, (being picky). Also I'd say the passenger door doesn't shut as nicely as the drivers, but panel gaps are all good. Boot shuts fine, original lid - it popped open on impact! So where does this leave the value? Some say Cat C knocks circa 30-40% off the value. Is that true? Is a 'good' TR6 now worth circa £19k? So given above it is perhaps worth circa £13-14k??? Over to you all, and thanks for your time and views. Cheers, J. (p.s. no I'm not about the sell it, after 5 years of ownership, this is a 'keeper'..!! ) Quote Link to post Share on other sites
timhum Posted November 12, 2017 Report Share Posted November 12, 2017 I insure my car for what i believe it would cost to replace them in the event of a write-off. Have a look through the ads and try to work out a price. Under insuring could leave you well out of pocket in the event of a claim. Tim Quote Link to post Share on other sites
had17462 Posted November 12, 2017 Report Share Posted November 12, 2017 Hi, some insurers insist on a engineers report when insuring cat c or d registered vehicles ,if they don't make sure you get it in writing that you have told them its recorded. Nick Quote Link to post Share on other sites
Motorsport Mickey Posted November 12, 2017 Report Share Posted November 12, 2017 Have it valued by a TR specialist, Revingtons may be your closest but check the others also. By all means be honest with them and disclose what you have said here, it will help them and an honest valuation here is what you require rather than an argument after another accident where a different engineer from a rival insurer picks up the tale and values it to your detriment leaving your original valuer with a red face. Mick Richards Quote Link to post Share on other sites
jamesStag Posted November 12, 2017 Author Report Share Posted November 12, 2017 Hi - thanks for replies so far. Yes insurer informed and acknowledged its Cat 'C'. Mick - interesting idea to have dealer valuation. I'll investigate what they charge. Other comments or views also welcome. Cheers, J. Quote Link to post Share on other sites
astontr6 Posted November 13, 2017 Report Share Posted November 13, 2017 Hi - thanks for replies so far. Yes insurer informed and acknowledged its Cat 'C'. Mick - interesting idea to have dealer valuation. I'll investigate what they charge. Other comments or views also welcome. Cheers, J. Make sure you get the valuation in writing and being picky on what looks to be a very nice car. The radiator air cover is missing and the badging on the rear is not all there. Bruce. Quote Link to post Share on other sites
jamesStag Posted November 14, 2017 Author Report Share Posted November 14, 2017 (edited) Hi Bruce, Thanks for your reply. OK will do. In terms of your observations - yes I realise its missing the radiator air cover, the reason is the elec fan (fitted by PO) that would foul if the cover is fitted. To change this I need to cut/weld/adjust the frame that holds the fan to the front of the radiator. Its on the 'to do' list at some point. On the rear badging, I'm curious as I thought that was correct? Yes I know the rear valance area should be black, but its got the 'Triumph', 'injection' and two rear wing 'TR6' badges. What else is missing? (I've looked at other TR6 rear pictures and can't spot the difference) Cheers, J. Edited November 15, 2017 by jamesStag Quote Link to post Share on other sites
MostEasterlySteve Posted November 15, 2017 Report Share Posted November 15, 2017 Hi Bruce, On the rear badging, I'm curious as I thought that was correct? Yes I know the rear valance area should be black, but its got the 'Triumph', 'injection' and two rear wing 'TR6' badges. What else is missing? (I've looked at other TR6 rear pictures and can spot the difference) Cheers, J. I can't see anything missing either! Quote Link to post Share on other sites
cp25616 Posted November 15, 2017 Report Share Posted November 15, 2017 Nor me either. Alan G Quote Link to post Share on other sites
astontr6 Posted November 15, 2017 Report Share Posted November 15, 2017 Hi Bruce, Thanks for your reply. OK will do. In terms of your observations - yes I realise its missing the radiator air cover, the reason is the elec fan (fitted by PO) that would foul if the cover is fitted. To change this I need to cut/weld/adjust the frame that holds the fan to the front of the radiator. Its on the 'to do' list at some point. On the rear badging, I'm curious as I thought that was correct? Yes I know the rear valance area should be black, but its got the 'Triumph', 'injection' and two rear wing 'TR6' badges. What else is missing? (I've looked at other TR6 rear pictures and can spot the difference) Cheers, J. Hi J! The badge saying INJECTION is missing! It is held in place by the badge TRIUMPH! Bruce. Quote Link to post Share on other sites
SeanF Posted November 15, 2017 Report Share Posted November 15, 2017 The badge saying INJECTION is missing! It is held in place by the badge TRIUMPH! It's there in the pic I'm looking at. Quote Link to post Share on other sites
astontr6 Posted November 15, 2017 Report Share Posted November 15, 2017 It's there in the pic I'm looking at. You are right I can just see it! Its down to my old eye sight! Bruce. Quote Link to post Share on other sites
jamesStag Posted November 15, 2017 Author Report Share Posted November 15, 2017 Hi Bruce (and other folk who chipped in) Ah ha! No worries, the sun had put the injection badge a bit in the shade... Mystery solved ????. All - what's folks views on the cat C status on the cars value (as explained in initial post). Any views on how much it would drop from 'market'..? Cheers, J Quote Link to post Share on other sites
stephen cooper Posted November 15, 2017 Report Share Posted November 15, 2017 (edited) As someone else has said you need to have it covered for either a value you can replace it with or enough reinstatement to rebuild. At a very cursory glance I would be putting forward a value closer to 18-20k Edited November 15, 2017 by stephen cooper Quote Link to post Share on other sites
Guest ntc Posted November 16, 2017 Report Share Posted November 16, 2017 I would say 40/50 % - Quote Link to post Share on other sites
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