GolfGTIforum.co.uk
Model specific boards => Golf mk2 => Topic started by: walchy01 on 29 December 2009, 16:55
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Hi All
I am a new member to GolfGTI, but by no means new to Golf Gti's, i always had MK1 and 2's prior to getting married and having kids.
I have just picked up a MK2 16v gti on a H plate, big bumpers, elec windows etc... car only has 97,000 genuine documented miles FSH mainly VW main dealer, bodywork is very tidy, rainbow interior etc etc...
The downside is the car has been off the road for some 9 months and needs mot etc, not tried to mot as yet, so no list of jobs available.
My question is, if it costs me £500 to £750 to get it back on the road what is the car worth then?? Is it worth £1000 done???? any comments much appreciated.
Thank you for your help.
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It's value is only relavent if you want to sell it and make a few quid.
It sounds to me like you have bought a nice genuine car for very little money, and what jobs that do need doing, you'll know they will be done right. That ought to give you good piece of mind.
You could have paid £1000-1500 for another car that was suposedly sorted, only to find that it had be bodged back to some sort of health.
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I have a 1988 gti 16v, Ive had it 10 years an i left it standin from 2004 until 2007 due 2 relationship problems, An bein pissed up for 3 years, Anyway when i took it for M.O.T it only needed 4 tyres an a bit of weldin on sills, The tyres were due 2 me lampin brakes on at 100mph an skiddin until i stopped,
But nethertheless i ave never spent over 100 quid after an M.O.T, As long as you ave a couple of gud mates an can use sum basic tools, Its gotta be worth the money,,
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was it sat up inside or out side? mine has not moved more than 2500 miles sine i have owned it (about 3 years) and it never fails its mot well it did need the hand brake adjusting last year. i think they are always worth saving but maybe thats just me :laugh:
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HI there
It was sat outside but it has not suffered any long term issues, won't currently start but it shouldn't be to hard to sort, really up for doing it and keeping it for a while, really miss messing with these super cars....
Thanks for all the advice offered, much appreciated.
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When i got my old mk2 16v it had not moved for 7 years and came in kit form. Built it up and changed all the discs and pads then went round it checking what i could and passed mot first time :smiley:
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They seem to be pretty tough old birds.
Mine sat for over a year lookin well sorry for itself. Only needed discs and a rear calliper to pass mot!
Probs best to stick it through an mot and see what needs doing and then make a choice, as you say you are well up for having a play around with it! Could make it a project car n get it tarted up nice for summer :smiley:
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Hi All
I am a new member to GolfGTI, but by no means new to Golf Gti's, i always had MK1 and 2's prior to getting married and having kids.
I have just picked up a MK2 16v gti on a H plate, big bumpers, elec windows etc... car only has 97,000 genuine documented miles FSH mainly VW main dealer, bodywork is very tidy, rainbow interior etc etc...
The downside is the car has been off the road for some 9 months and needs mot etc, not tried to mot as yet, so no list of jobs available.
My question is, if it costs me £500 to £750 to get it back on the road what is the car worth then?? Is it worth £1000 done???? any comments much appreciated.
Thank you for your help.
Mint condition Sub 100K, 3dr, 16v, Big Bumper cars command in excess of £4k right now. Tatty cars are about £2k-£3k. High milers are worth a lot less.
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Looking Good then, car has less than 100K(97k) 3 door, in Quartz black,Mint rainbow trim,Big Bumper, FSH main dealer 90% service history. 4 owners, very tidy bodywork also, may be worth spending a couple of hundred quid to really mint this up if its worth that sort of money.
Get in :grin:
Thanks for the info
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Mint condition Sub 100K, 3dr, 16v, Big Bumper cars command in excess of £4k right now. Tatty cars are about £2k-£3k. High milers are worth a lot less.
Unfortunately, this is well, well wide of the mark. Whilst it is true an immaculate 16V Mk2 with 50k on the clock, 1 previous owner and FSH will net the owner 3-4k if they sell, the vast majority of cars will go for *significantly* less than this. There just aren't any cars out there with low miles.
I'd say your car would be worth around £1.5k, if it's immaculate inside and out - and by your other posts, this doesn't sound like it's the case - then perhaps a little more.
As a guide - I bought an 89 big-bumper 8v GTI with electric windows, PAS, sunroof etc with 112k documented miles and FSH for 800 quid...
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Unfortunately, this is well, well wide of the mark.
Sorry, but as I own a mint sub 100k mile 3dr 16v Big Bumper, it means I know exactly what the values are these days. It took me 3 months to find, and values are rock solid.
If he gets his car up to mint condition, then he can expect £3k at the very very least. You said it yourself... "There just aren't any cars out there with low miles.".
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there are specialists prices then there are normal prices :grin:
not everyone has to pay top dollar kmpowell. I had a red 16v with 79,000, totally original etc, dealer tax disc holder, stickers, badges etc. basically yours but small bumper and it cost £1200. I know big bumpers go for a bit more but not £2800 more :grin: even lewy wouldnt pay that for big bumpers :laugh:
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Looks like i've robbed it at £170 quid then, got power windows,power steering all the tackle, as long as its worth me spending £500 quid to get it roadworthy and there is still abit of profit init i'm happy. :grin:
Thank you
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fix it to drive it mate, thats what they are for! profit would just be a bonus
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If he gets his car up to mint condition, then he can expect £3k at the very very least. You said it yourself... "There just aren't any cars out there with low miles."
I'm sorry, kmpowell, you're looking at this with some seriously rose-tinted spectacles. I'm sure that your car is completely immaculate, and to you, priceless, but the fact is it will not be worth serious money unless it's done virtually no miles at all (and I do mean less than 50k) and has only ever had the 1 owner.
A 16V Mk2 with 97000 miles will not sell for £3000, mint or otherwise. The only way he's getting 3000 quid for it is by doing an engine conversion and selling to an enthusiast.
But, seeing as he's nailed it for £170, he's quids in whatever he does. He could leave it as is and chuck it on eBay and someone would still snap his arm off at £500.
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If he gets his car up to mint condition, then he can expect £3k at the very very least. You said it yourself... "There just aren't any cars out there with low miles."
I'm sorry, kmpowell, you're looking at this with some seriously rose-tinted spectacles. I'm sure that your car is completely immaculate, and to you, priceless, but the fact is it will not be worth serious money unless it's done virtually no miles at all (and I do mean less than 50k) and has only ever had the 1 owner.
A 16V Mk2 with 97000 miles will not sell for £3000, mint or otherwise. The only way he's getting 3000 quid for it is by doing an engine conversion and selling to an enthusiast.
But, seeing as he's nailed it for £170, he's quids in whatever he does. He could leave it as is and chuck it on eBay and someone would still snap his arm off at £500.
If you've got a sub 100K car, which I have, you soon get to realise that there are many people out there that are well prepared to pay well over the odds for the right car, forget the prices that you may have seen of "so called" minters for sale on the net or in mags, Instead talk to the people that do the the concours events, at the many of the UKs shows, and ask them just how much they have been offered, i was offered 4k for my car at Inters this year, and then just under 5k at the Westside show a couple of months ago.... by the same guy!
Thom
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I would agree with the price around £1500-£2000 ! u do get peoples offering the odds to get the car , I had a good offer on my car before more than I paid for it , or maybe u can say the car is worth what people r willin to pay for it . Vice versa
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dr_bob - if you can find a sub 100k 3dr Big Bumper Valver, in excellent condition, for less than £3k, then send it my way 'cause I'll buy it up like a shot!
These cars simply don't come up very often - I know 'cause I looked for months before finding mine! I very nearly settled at buying a £4600 car from a specialist, but I found mine days before I was about to sign! There maybe the odd one out there where the owner doesn't know it's true value, but mint unmolested 'valvers' are a very rare breed these days and values dictate this. Just look through Pistonheads classified and sift through the dross for sale, and you soon realise that they are rare as hens teeth, so much so that I was offered £6k for mine a few months back! Out of interest why do my insurance company have my Valver down with a guaranteed value just short of £5k?
There's nothing 'rose tinted' about my opinions, I talk with valid recent experience.
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I'll go along with what kmpowell just said.
I paid £3000 for my original, one owner, oak green, 1990 valver from a specialist. At the time, I knew it was plenty of money, but when you add up the actual cost of time off work and fuel going to see so called minters before you find the right car, it makes the price seem more realistic.
I have just renewed my insurance, and they have aggreed the value at £4000. I belive that this is a realistic cost of what it would cost to replace my car if the worst should happen, taking into account the time and expence of sourcing it. If you write off a 2 year old Astra diesel, you get a payout, then you can go to any dealer and buy the exact same car the next day if you wanted to. With a 20 year old car, things are not that simple.
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I bought mine 10 years ago FVWSH from a vw dealer for 3k, I got it insured for 2k,
An i pay 245 quid fully comp, But its only valued that much cause i told em this much,
How did you guys get it so they guarantee its worth Just under 5k,
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How did you guys get it so they guarantee its worth Just under 5k,
You need to get it insured through a specialist broker like HIC, Brentacre etc on a classic policy. It's no good using Direct Line or similar for cars like these. They would write it of for a damaged wing as to them it's just a 20 year old car.
I've just paid £143 fully comp with an agreed value of £4000 and mileage limited to 3000 miles through HIC. :smiley:
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anyone had experience of claiming off one of there agreed value policies?
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I know quite a lot of people who've claimed off agreed valuation policies on campers and not had any problems, provided they've got everything squared away with the insurer - photos and documents etc sent as requested.
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How do they know its valued that much, Do they cum around or do you post pics 2 em,
Cause as you say im with 1 of them compare the market sites, An they prob would just scrap it if i had a slight accident
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Photographs and details of any work that has been done.
If it is a real minter, details of concourse events that it has been entered in etc.
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Ive just been on there web site an they gunna vall me back at 2 oclock
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How did you guys get it so they guarantee its worth Just under 5k,
You need to get it insured through a specialist broker like HIC, Brentacre etc on a classic policy. It's no good using Direct Line or similar for cars like these. They would write it of for a damaged wing as to them it's just a 20 year old car.
I've just paid £143 fully comp with an agreed value of £4000 and mileage limited to 3000 miles through HIC. :smiley:
I'm with Footman James on a classic policy - costs me £186.24p with a GV of nearly £5k. :)
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How do they know its valued that much, Do they cum around or do you post pics 2 em,
They may ask for an approved valuer to check it over. This may well be somone from a local club with a lot of experience.
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Here it is, It probably isnt worth as much as what you say yours is, But at least if i got it at agreed value, Unlike who im with now they would probably just scrap it 4 the sake of it,
(http://i624.photobucket.com/albums/tt330/madbeech/DSCF0983.jpg)
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Here it is
Bodywork looks very tidy indeed!
You won't get much of a valuation though IMO, because of the mods. Things like the aftermarket wheels, Big Bumpers, clear lights, no badges, all lend itself to being unoriginal. It's original and unmolested cars that are valuable these days. Having said that though, there doesn't seem to be anything on your car that couldn't be reversed? :)
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Thats exactly what i wanna do. Tryin 2 get some original wheels an stuff, An i got the original indicators in my shed, But i still gotta couple of scratches an stuff 2 sort out this year,
I got all the reciepts from everythin fixed an changed from new, If thats any gud,
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theres no reason mods cant have an agreed value. i would have thought thats the idea of agreed value policies, for cars that are worth more than the average car, be that because of condition or money invested into them
resale value is a different thing
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theres no reason mods cant have an agreed value. i would have thought thats the idea of agreed value policies, for cars that are worth more than the average car
resale value is a different thing
Sorry - my bad, I should have explained myself. I was referring directly to his question of "How do you get a £5k agreed value?". You are right, there is no reason why he wouldn't get an agreed value in that condition, but my point was it would be significantly higher if it were original (like he plans).
:)
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what about if he has spent 6k on mods?
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what about if he has spent 6k on mods?
It won't make any difference IMO - high value Golf 'Valvers' these days are original and unmolested. 6k's of enhancement mods in one persons eyes might be 6k's worth of chavvy bling in another's. Mods are very subjective, where as originality is... errrr.... well, original. :)
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this is my point, for insurance purposes you value to what the car owes you. if you were to crash the car you claim the money to build exactly the same car. Isn't that the idea of agreed value policies?
you are thinking of resale values
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this is my point, for insurance purposes you value to what the car owes you.
Not at all. Agreed values are on the value of the car, not what it owes you.
Hypothetically if I were to find a 1mile barn Golf 'valver', in its original factory wrapping etc etc (you get the idea!), and I buy it for £500 from the owner who has no idea what it's worth, I'm not going to insure it for £500 am I!!!
I paid a lot less than £5k for mine, but that's what it's insured for, 'cause that's what it's worth if I had to - god forbid - replace it.
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but your car is worth 5k 'to you'. barely anyone would pay 5k for a mk2 golf. therefore its in the same category as a highly modded car as the valuation is subjective
your not getting the idea of agreed value insurance. its not there to value your car for sale, its there to recompensate you so you can replace your car like for like
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but your car is worth 5k 'to you'. barely anyone would pay 5k for a mk2 golf. therefore its in the same category as a highly modded car as the valuation is subjective
your not getting the idea of agreed value insurance. its not there to value your car for sale, its there to recompensate you so you can replace your car like for like
On the button there mate.
Some of the show cars over on edition are insured for values in excess of £10K (this is MKII's) but no one in their right mind would pay that for one of them. The agreed value policy is there if you need to replace the car.
However classic agreed value and modified agreed value policies are AFIAK slightly different. With modded cars you have to provide all the paperwork for mods to prove the costings. With a classic it's just that's it's a rare and hard to replace standard car.
So in fact in a way you are both right.
Nick
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but your car is worth 5k 'to you'. barely anyone would pay 5k for a mk2 golf. therefore its in the same category as a highly modded car as the valuation is subjective
your not getting the idea of agreed value insurance. its not there to value your car for sale, its there to recompensate you so you can replace your car like for like
I'm going round in circles here with you, you clearly have an opinion that can't/won't be changed, so let's just agree to disagree. People do pay that amount for MK2s, hence the agreed value. It's irrelevant how many people do, it's the fact people do.
Agreed values on classic policies are not there for people to put a set of barry bolt on wheels on and then claim that money back should they stack it into a row of shopping trolleys whilst performing handbrake turns in Asda carpark. They are there to reflect current market values on modern classics that are rare. I have a friend with a mint original S1 RS Turbo Escort, which now fetch in excess of £8k, so his agreed value is around that amount. I'm sure you disagree with that too.
Oh, and you saying things like "your not getting the idea", is very condescending.
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you are right about classic agreed policies, they are for CLASSIC cars, modded agreed policies are for MODDED cars :wink: they are both agreed value policies though so any clever person would realise you get the policy to suit what type of car you have. That has no bearing on valuing the car.
your rose tinted view on your car has already been commented on by others so ill agree to disagree. i love the way you call me condescending then comment on my grammar :grin:
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Whilst we are on about the English language, the term or phrase "my bad" does not mean anything! The Polish lads at work say it, it makes no sense whatsoever! Where the hell did it arrive from? Our poor language, there won't be much left of it soon! .....Lol.
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Here's a good example. The below pictured Golf I believe had an agreed value of around £15K.
(http://img.photobucket.com/albums/v632/simonsweetgolf/DSC00449.jpg)
Nick
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im gonna have to make up a receipt for shell prep labor. thats a good £10k :grin:
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Ha ha.
I've got mine on agreed value of £2K due to the engine and mods as I figured that's roughly how much it would cost to build the same car from a good early standard MKII GTI 8v. Insurance company were more than happy with that.
I would pay £5K for a MKII (If i had that kind of spare money for one) but it would be an A reg car with the MKI style interior and side stripes not a BB valver.
Nick
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who are you with nick? i need to re insure mine when its back together and havent bought a policy for a 2nd car before. you on a limited mileage one?
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Either HIC or Adrian FLux, I can't remember. It is indeed on limited mileage, 5k a year. I'm an idiot though as I thought that the only mileage it would do would be to and from trackdays, the odd VW meet, the odd thrash around and the odd trip to work. I kinda forgot the odometer would still turn on track and didn't consider how much mileage would be put on the clocks during a trackday, ha ha.
Nick
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good point! the only time i've remembered to reset the odometer I clocked 177miles so better call it 200 miles extra per trackday (whole day).
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So i paid 3k for it 10 years ago with 88k on clock, Full vwsh
Its done 137k now,
An all it cost me 2 keep it on road last year was new discs an pads, An the year b4 i had 2 change fuel accumulator,
So if i guarranteed it at 1500 i would be well happy,
As the geezer used 2 say on The used car roadshow, Its free motorin
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Whats the cheapest anyone got there insurance down 2 then, An who with,
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I pay £143 through HIC for 3000 miles on my 1990 valver.
That's the lowest mileage they do which is more than enough for me. I only did 600 miles last year.
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£122 on a 1990 8v on a 3000 mile policy