23 replies to this topic

[WiredbyWilson]

Hi all,

Just after your views as to the worth of mini mini as Adrian Flux, after careful consideration of my request to up the agreed value, have come back with the same figure as last year - well worth the £10 charge!!!

Anyway here is the spec:
Restoration work – February 2007.
New front wings,
New A-panels
New front panel
Both door-skins and
Roof-skin replaced.
Full repaint including engine bay and boot are in BMW Chilli Red with Ford Panther Black Roof and wheel arches.

Exterior:
Group 5 wheel-arches and trim
Stainless Steel door mirrors
Stainless Steel bumpers
Mk1 Grill and moustache
4 spotlights on stainless steel brackets
Clear front and side indicator lenses
Halogen headlights
Revolution 6J x 12” wheels with 165/60/R12 tyres
Mk2 rear light clusters (no reverse)

Interior:
Corbeau bucket seats
Sparco 3 point harnesses
New door cards front and rear
New carpets throughout
Leather gear-stick and handbrake gaitors
Mountney 10” steering wheel with column drop bracket
New cream roof lining
Rear seat re-trimmed to match front seats
Custom speaker pods under dash rail
Custom dash with standard 3 clocks plus oil pressure/water temperature/voltmeter gauges (TIM)
Custom boot board kit incorporating 10” Subwoofer

Engine:
MG Metro 1275 over bored by +060 thou to 1330cc
AE 21523 pistons
Lightened & balanced crank, rods and flywheel assembly
Ported & polished 12G940 large valve head
Morspeed phase 3 camshaft and cam followers
Duplex Vernier timing gear
Fast road turbo clutch plate & orange diaphragm
Weber 40 DCOE matched to 5” stainless steel Maniflow inlet manifold
Stage 2 Maniflow Exhaust Manifold
Stainless Steel single box side exit Playmini exhaust system
Megajolt stand alone ignition ECU

Suspension / Brakes:
Adjustable Hi-Lo’s
Gaz adjustable shock absorbers
Metro Turbo 4 Pot callipers & vented discs
Minifin rear drum setup
Adjustable tie bars
Polyflex bushes all round








I priced all of the above up to cost around £4,000 without the body work cost or cost of the car originally.

So over to you guys - is it worth more than the £3,750 AF set it at, as they now want a valuation from a qualified automotive engineer and assessor!!

Wilson

Edited by Wilson1330, 27 May 2010 - 07:01 PM.

[Scallywag630]

With a full ticket and a bit of rent....£4500ish

[Ouster]

Mine is a similar spec and they accepted my requested value of £4.5k...

[davejf]

Based on all that and compared to what they have given me for mine, i'd say 5k.

[WiredbyWilson]

So can anyone give me some avice as to why AF are being so difficult about upping my valuation?

Is it wise to mention im part of TMF and threaten them with bad press? As it seems it is very random how they come up with their values.

by the way i'm on a limited mileage classic policy - although I can't see how that should make any difference!!!

Edited by Wilson1330, 27 May 2010 - 09:46 PM.

[mini-geek]

ring them and ask... after all they are the only ones who know

[WiredbyWilson]

The annoying thing is when I renewed the girl was very helpful and said she couldn't see a problem with upping it to £4,500 - so feel a bit like i was shafted on taking out the policy and for another £10 for the valutaion!

Edited by Wilson1330, 27 May 2010 - 09:49 PM.

[1293sleeper]

lancaster gave me fixed at £6.5k for a similar spec 1971 mini

[WiredbyWilson]

lancaster gave me fixed at £6.5k for a similar spec 1971 mini

Sadly mine is an '88 so less rare - but no reason for a £2,750 difference!! Look slike a controlled strong call is needed in the morning.

[1293sleeper]

lancaster gave me fixed at £6.5k for a similar spec 1971 mini

Sadly mine is an '88 so less rare - but no reason for a £2,750 difference!! Look slike a controlled strong call is needed in the morning.

my mini has been re'shelled though so not very original

[WiredbyWilson]

Well spoke to them today and the responses we thus:

"We take into account forums and other sites when making our valuations"
"But i have examples of you giving better values to similar cars"
"Well you haven't done enough to the car in the last year to warrant an increase in value"
"so what options do i have then as £3,750 would not replace my car"
"We may consider reviewing it if you get an external valuation, but there is not guarantee they will agree with it"
"but i have given you a full price list based on Mini Spares / Minisport to support my value"
"Well people say they have spent £10k on it but it doesn't mean it's worth that"
"can i speak to a manager or one of the valuers?"
"Sorry, the valuers don't take calls and you have to write a letter of complaint to get a manager to contact you"
"i can't even cancel my policy due to poor service can i?"
"Sorry, your policy is non refundable" (only 3 weeks into it)

So stay away from AF - they really don't seem to care bout calssic / modified cars they they claim to!

[mini-geek]

footman james FTW!

[minidaves]

whats it worth, well the value to you is proberly more than it is to someone else. the insurance company if they agree a value will gtee to pay you that admount. You could alway put it on ebay and see what it fetches. But make sure you have legal number plates as they can refuse to pay out if the car is not road legal

[sazal]

The British Mini Club do valuations, could see if AF will accept this, then go about it that way? Theres details on the BMC website

[mini_stella]

well now Mr. Wilson, in my proffesional view it might be worth more if you cleaned up the interior abit, I see a few crumbs!!!












(love you and franky really *big kisses on frankie's bonnet*)