0 Members and 1 Guest are viewing this topic.

Online BigD

  • Joined: Aug 2011

  • Location: Melbourne
Well done westyexotics on the purchase. That yellow V8 has the drool factor.  :thumbsup:

Earlier this year I got a quote from Lumleys for my Esprit to see how much difference to my Shannons insurance with agreed value. Lumleys said they normally would only do glass book (rather than red book) value which meant my Esprit was worth sub $30K! After discussion on wanting agreed value, they did state due to low km's and if in good condition with photo graphic proof they may increase the value but probably not to what I wanted as agreed. Too much pain for no gain then.

I also noticed that my Shannons value had gone down a few grand on last renewal. Seems that Shannons say agreed value, but also said Lotus are hefty on depreciation and adjust that agreed value! So something to watch on the yearly renewal to verify what that have the agreed value set to...it may not be what you think it is (but easy enough to bump it back up).

Offline mondi

  • Resident Bogan
  • Moderator

  • Joined: Jul 2008

  • Location:
  • Drives:
Red books is on drugs, as is most of the valuation information.

They take average sell prices, so if 2 examples sold in a 12 month period, one for $100k and the other for $10k the valuation for that year would be somewhere in the middle. So if a bunch of shit boxes sell it will bring the valuation down.

This happens with Esprits all the time hence the screwed up pricing. If you want a good one then ya just have to pay the extra $$$$$$$s.

What the valuation does not pick up is how much the new owner spends to sort the car out. Just have a talk to Paul.......

Offline Aircon

  • Master Baiter 300kph+ club
  • Who said it couldn't be done?

  • Joined: Mar 2007

  • Drives: TBA
  • Location: Melbourne, Australia
  • Name: Peter
That wasn't an offer they made. I've since found a guy on fchat who just insured his glass 308GTB for $200k with shannons. go figure!

Still looking into it.

After a stern email, and mentioning the above, Shannon's have come to the party.

I love my car. Buy your own

Related Topics

  Subject / Started by Replies Last post
426 Replies
Last post Sat, 09 Aug, 2014 - 13:23
by Aircon
Buying an exotic new

Started by Joel « 1 2 3 » Cars

27 Replies
Last post Mon, 18 Jun, 2012 - 16:50
by alvchua
Buying a UK import

Started by Barry911 « 1 2 ... 8 9 » Porsche

86 Replies
Last post Mon, 25 Nov, 2013 - 13:35
by andecorp
6 Replies
Last post Tue, 27 May, 2014 - 16:59
by mondi
8 Replies
Last post Fri, 13 Feb, 2015 - 19:27
by andecorp

Latest Discussions

[ Racing ] 2017 Formula 1 Season mondi Today at 21:19
[ Off Topic ] When Denistry goes Bad! dodger Today at 21:17
[ Cars ] Spotted thread Fil-Ski Today at 20:25
[ Racing ] porsche carrera cup 2017 scud Today at 19:56
[ Porsche ] Porsche 991 911 R Australian Registry Joel Today at 19:56
[ Funny Cool Stoopid ] it's funny cause i'm drunk!! PA Today at 18:03
[ Cars ] '99 Diablo Roadster for sale andecorp Today at 17:53