Insurance value - Closes eyes, throws dart.

GregorFuk · 27-11-2015, 12:09 PM

A real first world problem I guess but what does one insure a CSL for these days? Particularly one that has actually been used, and does not have a perfect history.

My cover runs out in a few days and I'm seriously considering going for a agreed value as prices these days have gone a bit daft. So. What's a 86K mile SG CSL worth these day?

Mine no longer has a full BMW service history and does not have the original engine. I guess this knocks the value down......But but the engine that was fitted 20k ago still only has ~37K on it. Does that push the value back up?

Also the car is due back from Redish today after having an extended rear end refurbishment. All new bushings, powder coated axle carrier, all corrosion taken care off right out to the rear arches, and of course the strengthening work done. Does that push the value up?

Also last winter it had a pillar down respray, with all carbon fibre bits refurbed. New front wings, corrosion taken care of, re-trimmed steering wheel. Oh, and it also has Alcons on the front.

In short, I always think of my CSL as a bit of a shaggy dog. Probably because it was like that when I picked it up. But in reality, when I look at it now, it's probably fresher than a lot of less leggy examples. Does mid 30's seem reasonable? Too high, too low? I'm kind of clueless and the regular classifieds give little guidance these days.

Jon8710 · 27-11-2015, 01:44 PM

I would say mid 30's is spot on really

I know you say its been nip and tucked here and there but the insurance company doesn't know that and neither would a prospective buyer anyhow most cars have seen a bit of paint in there time.

all I would say is push your luck with the evaluation they can only say no but you might be surprised

I managed to ask for an extra 10k from the year before on my 635 csi and they agreed it

Matt21 · 27-11-2015, 02:11 PM

Always on the high side here, but then prices catch up leaving it "undervalued"

Chappers · 27-11-2015, 02:15 PM

Mine's on 40k more than yours and I've been offered (without hesitation) £30k twice recently, which leads me to think it's worth a little more than that. If I were to list it for sale (not that I'm planning to) I'd probably go for £35k and see what happened. This leads me to think yours is worth high 30s. Did the 90k one on here sell for £42k?

mattCSLnut · 27-11-2015, 05:44 PM

Quote:

Originally Posted by Chappers

Mine's on 40k more than yours and I've been offered (without hesitation) £30k twice recently, which leads me to think it's worth a little more than that. If I were to list it for sale (not that I'm planning to) I'd probably go for £35k and see what happened. This leads me to think yours is worth high 30s. Did the 90k one on here sell for £42k?

I presume you're referring to my immaculate Cecil

and no it didn't sell yet

as I wouldn't budge of my asking price, having refused offers of £35K, £38K & £39K point blank.
BTW my little "Garage Queen"

is currently valued with my insurers (Classic Line) at (£42K)

and I would struggle to find another SG in the equivalent condition and impeccable provenance of mine at that price, regardless of mileage.

rstoughy · 27-11-2015, 07:35 PM

Quote:

Originally Posted by mattCSLnut

I wouldn't budge of my asking price, having refused offers of £35K, £38K & £39K point blank.

And THAT is the exact way id sell mine also. (If it were for sale)
Price it on the high side, if it sells great

. If it doesn't go you still have a car that you love tucked up in the garage for a nice weekend blast

nw99 · 27-11-2015, 02:21 PM

35k

73CSL · 27-11-2015, 03:09 PM

agreed value should be based on this scenario :

if today your car is a total loss .. go out tomorrow to buy an exact replacement , how much would you have to pay ?

Could you within the next 2 months find & buy an 86K CSL in nice condition for £35K ? I think you'd struggle

GregorFuk · 27-11-2015, 03:15 PM

Quote:

Originally Posted by 73CSL

agreed value should be based on this scenario :

if today your car is a total loss .. go out tomorrow to buy an exact replacement , how much would you have to pay ?

Could you within the next 2 months find & buy an 86K CSL in nice condition for £35K ? I think you'd struggle

I see your point but does this not mean my premium is good to shoot sky high?

First word problems indeed.

**CraigMillwardCroft** · 27-11-2015, 03:54 PM

Do you track it, I use Competition Car Insurance they give you track day cover too.

Mines not on a value one only done 21k not sure what its worth.

27-11-2015, 12:09 PM	#1
GregorFuk S5 - Full Throttle Join Date: Nov 2014 Posts: 318 Casino cash: $11097	Insurance value - Closes eyes, throws dart. A real first world problem I guess but what does one insure a CSL for these days? Particularly one that has actually been used, and does not have a perfect history. My cover runs out in a few days and I'm seriously considering going for a agreed value as prices these days have gone a bit daft. So. What's a 86K mile SG CSL worth these day? Mine no longer has a full BMW service history and does not have the original engine. I guess this knocks the value down......But but the engine that was fitted 20k ago still only has ~37K on it. Does that push the value back up? Also the car is due back from Redish today after having an extended rear end refurbishment. All new bushings, powder coated axle carrier, all corrosion taken care off right out to the rear arches, and of course the strengthening work done. Does that push the value up? Also last winter it had a pillar down respray, with all carbon fibre bits refurbed. New front wings, corrosion taken care of, re-trimmed steering wheel. Oh, and it also has Alcons on the front. In short, I always think of my CSL as a bit of a shaggy dog. Probably because it was like that when I picked it up. But in reality, when I look at it now, it's probably fresher than a lot of less leggy examples. Does mid 30's seem reasonable? Too high, too low? I'm kind of clueless and the regular classifieds give little guidance these days. Last edited by GregorFuk; 27-11-2015 at 12:12 PM.

27-11-2015, 01:44 PM	#2
Jon8710 S5, Sport Off, DSC M-track Join Date: May 2012 Location: london Posts: 563 Casino cash: $8371	I would say mid 30's is spot on really I know you say its been nip and tucked here and there but the insurance company doesn't know that and neither would a prospective buyer anyhow most cars have seen a bit of paint in there time. all I would say is push your luck with the evaluation they can only say no but you might be surprised I managed to ask for an extra 10k from the year before on my 635 csi and they agreed it __________________ 1979 E24 635csi , 730d work horse , Porsche GT4

27-11-2015, 02:15 PM	#4
Chappers S5 - Full Throttle Join Date: Apr 2014 Posts: 388 Casino cash: $9894	Mine's on 40k more than yours and I've been offered (without hesitation) £30k twice recently, which leads me to think it's worth a little more than that. If I were to list it for sale (not that I'm planning to) I'd probably go for £35k and see what happened. This leads me to think yours is worth high 30s. Did the 90k one on here sell for £42k? __________________ 5.3 earth circumferences done, roll on number 6...

27-11-2015, 02:11 PM	#3
Matt21 S5 - Full Throttle Join Date: May 2013 Posts: 265 Casino cash: $4860	Always on the high side here, but then prices catch up leaving it "undervalued"

27-11-2015, 02:21 PM	#7
nw99 S5, Sport Off, DSC M-track Join Date: Jan 2011 Location: South East Posts: 580 Casino cash: $12226	35k

27-11-2015, 03:09 PM	#8
73CSL S5 - Full Throttle Join Date: Feb 2013 Location: North Yorkshire Posts: 464 Casino cash: $8747	agreed value should be based on this scenario : if today your car is a total loss .. go out tomorrow to buy an exact replacement , how much would you have to pay ? Could you within the next 2 months find & buy an 86K CSL in nice condition for £35K ? I think you'd struggle

27-11-2015, 03:54 PM	#10
CraigMillwardCroft CSL Register Uber-poster! Join Date: Oct 2010 Location: Marlow Posts: 3,973 Casino cash: $18153	Do you track it, I use Competition Car Insurance they give you track day cover too. Mines not on a value one only done 21k not sure what its worth.