What's it worth?

Tom W

Tom W

Active Member
My insurance is due, and I can get an agreed valuation on my P6.

Problem is, I don't really know what it's worth as I bought it as a cheap non runner and got it back on the road.

It's a 1976 2200tc with 11 months MOT, and about 50,000 miles.

It seems mechanically sound and everything works as it should. It has 4 brand new tyres, and the rear brakes have been rebuilt with refurbished calipers. The base unit is excellent. I can't find any corrosion on it, and there's no evidence of it ever been welded. The panels all seem straight and largely corrosion free, bar a couple of dents on the rear quarters. There's some surface rust in a couple of spots, but nothing serious. The paint isn't so great. It's very faded and is flaking off to the primer in many places. It really needs a respray. The chrome is very good, with only minor surface pitting. The interior is all original and in good condition, except for the colour fading on the leather seats. I think this recoverable with some leather colourant.

Any ideas as to how much it's worth?

Thanks,

Tom
 
Tom W said:
It's a 1976 2200tc with 11 months MOT, and about 50,000 miles.

The base unit is excellent. I can't find any corrosion on it, and there's no evidence of it ever been welded. The panels all seem straight and largely corrosion free....The paint isn't so great. It's very faded and is flaking off to the primer in many places. It really needs a respray. The chrome is very good, with only minor surface pitting. The interior is all original and in good condition, except for the colour fading on the leather seats. I think this recoverable with some leather colourant.
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Ok, to have a stab....£1500 + or - , depending on how it 'looks'. If the paint is poor to the point of being a distraction then probably £1000; if it's recoverable then a bit more than £1500.

An good unmolested base unit is its saving grace.
 
I would go for £2000. As long as they don't think your taking the Michael they seem happy to accept home valuations. The only enquiry we've had was when I asked for a £3500 value on our Denovo V8 when I'd only paid £1500 for her. They were satisfied with the explanation & I got the valuation.
 
This is a very difficult area. My own guesstimate is that you ought to make the £1,000 barrier on an Ebay auction, perhaps as much as £1,500. But if you took your time selling it via one of the other classic car sales websites I could see it getting close to £2,000. I doubt very much that anything other than a truly sparkly four cylinder with loads of history would go beyond £2k.

Then there is the insurance valuation. Nick will no doubt correct me, but these appear to be between 25% and 50% higher than achievable price. That would put yours at around £2,500?

Chris
 
Current prices listed in Practical Classics for 2000/2200 are £2600 for condition 1, £1200 condition 2, £350 condition 3
Condition 1 being very good but no concours and condition 2 being good daily driver that need a little work.

I would suggest from your description that your car is between 2 and 1, say about £1500, I'd then add £500 to cover excess and the insurance company haggling you down in the event of a claim, and go for a £2000 valuation, as others have suggested.
 
Sparky's agreed insurance value is £4,950.00, and that was before all the work I am doing on it now

Richard
 
I'd say, apart from the paint, it's solid condition 2, maybe condition 1 in places with a little work. Problem is the paint really makes it look sheddy, even though it's solid. I can always get the valuation changed when I've tidied up the body work, but for now I'll aim for the £1500-£2000 mark. Worst they can say is no.
 
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