Truck Value

[jims-terrano]

OK guys how much do you think the following truck is worth.

R plate 1997 Terrano SE Touring LWB with 11 month MOT.

Ta

[Thomas61]

About £3500 (apparently) if its the one I spotted the other day.

[zippy656]

About £3500 (apparently) if its the one I spotted the other day.

That's fantastic! Its more than I paid for mine 12 years ago!!!

[Monaro Pete]

That's fantastic! Its more than I paid for mine 12 years ago!!!

:lol :lol :lol

[Thomas-the-Terrano2]

well suspect the mk2s are the best of all, the 'free' extra power of the intercooler
and on lower specs the insurance was still group 10 as then.

R reg so pre ec94/20 on the towbar regs so could sort a really cool receiver set up.

SE Tourer sounds like top spec.

sounds like we should have a whip round and make it the club's mascot.

[Thomas61]

OK guys how much do you think the following truck is worth.

R plate 1997 Terrano SE Touring LWB with 11 month MOT.

Ta

Is it one you have seen and considering ?

[jims-terrano]

OK I'll turn it around if that was your truck that is being written off, how much would you expect to get for it from the insurance company?

[Lazy-Ferret]

Unfortunately the age of the T2's has now got to the point where the book price is basically pointless, as the value they offer has 20 to 30 years worth of depreciation on a relativity low price compared to similar cars at today's prices.

The daft thing is, you can actually sell a functional one, in reasonable condition at well over the book price, and depending on the time of year, sometimes, a lot more.

I would guess the insurance company would be offering about £500 max. If I was to be buying one of that age, and it was in good condition, depending on the mileage, I would probably be prepared to pay about £1500 for it, just based on what I paid for our two, and their respective ages.

[RJL Services]

hi
the last time i had the same situation with a insurance company like this i had a nissan serena 2.3d 1998 and they offered me £1000 for it it was a 1998 one i refused their offer they asked me why i refused the price they had offered i had known this vehicle from when it was new and how well it had been maintained prior to me owning it so i said to them to find me a good example in the condition mine was in prior to their client hitting as i entitled to replace it with one of the same condition and they came back with an offer of £1675 which i accepted their first offers are always low my 1999 terrano i value at £1500 + as it has only been welded on the sill and clean underneath only draw back is its lhd and came from France originally but great in europe:D

[RJL Services]

hi
the last time i had the same situation with a insurance company like this i had a nissan serena 2.3d 1998 and they offered me £1000 for it it was a 1998 one i refused their offer they asked me why i refused the price they had offered i had known this vehicle from when it was new and how well it had been maintained prior to me owning it so i said to them to find me a good example in the condition mine was in prior to their client hitting as i entitled to replace it with one of the same condition and they came back with an offer of £1675 which i accepted their first offers are always low my 1999 terrano i value at £1500 + as it has only been welded on the sill and clean underneath only draw back is its lhd and came from France originally but great when i go to holland and belguim which i do 3 times a year April's my next trip truck has been great

[Thomas61]

Do you have the option to buy the truck back if they are offering silly money. If there are parts on there that are worth to you in the ball park of what they are offering then it may be worth considering.
A old house mate did it with is car, brought it back went down to the scrap yard it was held at. Stripped off the parts and sold the rest back to the scrap yard. He never even had to remove it from the yard. The insurance company did pick up the storage fee though whilst it was all been sorted out though.

[jims-terrano]

The salvage yard is the other side of the country from me so much as I'd love to get bits off it I don't want to go that far. Also to be honest it sounds silly but I don't know if I really want to see it.
In fairness valuer has offered a good price, I've tried to up the price but they aren't moving although they did say it was my right to reject it and go back to insurance company. My worry is that if I did that could they revalue at a lower price, no idea if they'd be allowed to do that.

[Thomas61]

The salvage yard is the other side of the country from me so much as I'd love to get bits off it I don't want to go that far. Also to be honest it sounds silly but I don't know if I really want to see it.
In fairness valuer has offered a good price, I've tried to up the price but they aren't moving although they did say it was my right to reject it and go back to insurance company. My worry is that if I did that could they revalue at a lower price, no idea if they'd be allowed to do that.

Nothing silly about that at all. A car is just a car at the end of the day but the most important thing is that your wife is okay and hopefully mending well.

I am sure though that if there are any personal affects that you did not want to loose there would be a member on here able and willing to collect.

[perelaar]

To give you an idea, I bought my 1997 T2 (2.7 tdi, SR spec converted to commercial, swb, 176k miles) 2 years ago for 1800 € (about £1500).
Driveable, but since then invested quite a bit in it to keep it on the road.

Mind you - prices here on the continent are a bit higher I think.

[RJL Services]

i would think they would have a hard job to offer a lower amount if you have the offer in writing it all depends if you are happy with their offer i always challenge it once i have a offer in writing will you be able to replace it without costing you any more money thats the main point as it was not your fault:nenau

[jims-terrano]

i would think they would have a hard job to offer a lower amount if you have the offer in writing it all depends if you are happy with their offer i always challenge it once i have a offer in writing will you be able to replace it without costing you any more money thats the main point as it was not your fault:nenau

That's the point I've raised but think I'll have to call insurance company.

[solarman216]

Point of note here Jim (re my post on thread manual hubs) you have if I remember many extras on your written off motor, you are entitled to retrieve those extras until as I see it the insurance co pays out, in other words that car is still yours, and they cannot expect you to be able to purchase another ready fitted with the extras you had, if the scrap yard has started selling bits off of your car they are doing so illegaly as it is still to my mind YOURS, Rick

[jims-terrano]

Yeah sound advice there Rick, to be honest only things that I were after was odd and sods nothing important really and it'll cost too much really to go across there. As far as I'm aware the salvage company have not started stripping it down yet.
I've been in touch with my insurance company and had it confirmed that they will not devalue the car if I choose to contest the valuation. In fact the value will be paid as an interim payment and an engneer from the insurance company not a contractor will negotiate a new value with me. So feel a lot happier and am contesting it's valuation. If I get some extra fantastic but if not at least I have tried and even though it's not a bad price which I won't post that figure openly of course. Not desperate for a replacement yet so will probably wait until spring when the value of replacements will have dropped.

[Monaro Pete]

I haven't read all the posts regarding this thread.
As said in PM's to Jim I feel a little more is to offer :thumb2

I guess what you have to say to the insurance company is........ Look at how much it's going to cost to replace the truck that's been lost. This could be done by showing them ads & by saying this is what it's going to cost me to replace what we owned.
After all that's what insurance is for isn't it. To replace what has been lost, ie like for like.

[Lazy-Ferret]

I haven't read all the posts regarding this thread.
As said in PM's to Jim I feel a little more is to offer :thumb2

I guess what you have to say to the insurance company is........ Look at how much it's going to cost to replace the truck that's been lost. This could be done by showing them ads & by saying this is what it's going to cost me to replace what we owned.
After all that's what insurance is for isn't it. To replace what has been lost, ie like for like.
After all my hassle when the caravan was written off, this is only theory... I even spoke to the ombudsman for advice, and they said that the person who was not at fault should not end up a penny out of pocket... Then when the insurance company royally shafted me, I tried to actually use their services, but you can only actually be put forward to the ombudsman by the insurance company, and then only after you have completely gone through their own grievance procedure. This is made especially hard, and long winded, and one wrong thing, and you end up back at the start. After being left hanging with out any form of payout for over 2 years, I had to give in, as I needed the money.

We had a fridge full of food, a lot was frozen, and when the van was hit, the fridge was smashed open, and the contents spread all over the van. It took over 5 hours on a hot sunny day to be recovered, so by the time we got home, a lot was then crushed under other stuff that had come out of the cupboards, and then with the motion of the van during recovery, rubbed most of it into the carpets. By the time we got home, and were in a position to actually open the van and have a look at the inside, most of the food was spoiled... We had receipts for a lot of it, as we had only purchased it a day before, and also had pictures where you could see a lot of the stuff was ruined, but they would only offer us 50% of the receipt value, and would not offer us anything for the things we had used from our own freezer that we did not have receipts for, even though we could provide the packaging, and screen shots of the price of the same items in Tescos app... They said that everything, including food depreciates once it is purchased and removed from the shop, so 50% was very fair, since there is not much of a second hand market in food???

Scum of the earth....

[Monaro Pete]

Having not claimed for quite a few years & only having to claim for theft, I'm not savvy.
Reading Lazy Ferret's post, seems as though they're a law unto them selves & insurance isn't worth the paper it's written on.
Though I feel with the likes of banks, governments, insurance companies & the like, they will do as they please & don't really have anyone to answer to.

[jims-terrano]

Well guys I called the valuer and rejected their valuation. The bloke on the phone did say that you are insured for the value of your car not for how much extra it will cost you to purchase another. Anyway as the insurance company told me they will not devalue below what we have been offered already then the way I look at it is that we have nothing to lose.

Will let you know how it goes.

Oh yeah the valuers gave me the salvage company's phone number to get the vehicle checked for any personal belongings. So called them up and they were great and have arranged for the car to be checked and even my private plates to be sent to me.

[Banshee]

Well guys I called the valuer and rejected their valuation. The bloke on the phone did say that you are insured for the value of your car not for how much extra it will cost you to purchase another. Anyway as the insurance company told me they will not devalue below what we have been offered already then the way I look at it is that we have nothing to lose.

Will let you know how it goes.

Oh yeah the valuers gave me the salvage company's phone number to get the vehicle checked for any personal belongings. So called them up and they were great and have arranged for the car to be checked and even my private plates to be sent to me.

Awesome Jim!!! Sounds like you're making all the right progress :naughty

[jims-terrano]

Awesome Jim!!! Sounds like you're making all the right progress :naughty

Im probably going to get ostracised after this but I know someone who's flogging a m reg 90 300tdi for a reasonable price too and I quite fancy it for a change. Trouble is it's a horrible red colour but I guess it's acceptable to brush paint something like that isn't it. Mind you at least heater works if I were to stick with a terrano.

[Barrbeast]

Im probably going to get ostracised after this but I know someone who's flogging a m reg 90 300tdi for a reasonable price too and I quite fancy it for a change. Trouble is it's a horrible red colour but I guess it's acceptable to brush paint something like that isn't it. Mind you at least heater works if I were to stick with a terrano.

Not at all Jim, love the Trols but there is no denying there is something about the Defenders. The tdi's are the best engines too, the only one I'd take over the 300tdi is a 200tdi.

[Thomas61]

Pleased to hear the salvage yard are being so helpful, good service is what people need in times like this. I see myself with a defender at some point as a project car though. Always had a soft spot for them.

You could however combine both your automotive interests :)

8310

[jims-terrano]

OMG Monster MGs :thumbs

[elty001]

As long as you build it better than the one clarkson did on the grand tour :lol

[Monaro Pete]

As long as you build it better than the one clarkson did on the grand tour :lol

Elty. Do you remember the Morris Minor 4X4 that used drive around here some years back?

[solarman216]

In my much younger days I had a 650 thunderbird, my girl and I were flat out up the A12 heading Thetford for a scrumpy weekend in her sisters house and this bog standard looking minor just pissed past us and we never saw it again, just one of those memories that stick, Rick

[elty001]

Elty. Do you remember the Morris Minor 4X4 that used drive around here some years back?

Yeah I remember it:lol
I'm sure the guy that built it has done a few more over the years.
There is a bloke that owns a garage down in Blackwell that builds weird 4x4s.
Might be the same chap:nenau

[don simon]

As long as you build it better than the one clarkson did on the grand tour :lol
The Merc looked alright though. :thumbs

[Monaro Pete]

Yeah I remember it:lol
I'm sure the guy that built it has done a few more over the years.
There is a bloke that owns a garage down in Blackwell that builds weird 4x4s.
Might be the same chap:nenau

Is that a Cinquecento :eek: :eek: I hope it hasn't got the standard engine :lol :lol