Valuing a supra with new underside?

[raddys]

Just after a bit of help on what I should value my supra at? Its currently coming to the end of its underside resto which has seen the car fully stripped underneath, old underseal removed, re undersealed and absolutely everything replaced for new oem parts or refurbed if its discontinued or unable to be purchased. 

The car is a 1993 tt auto GZ, 58k on the clock, red, stock body and bpu. Currently on an agreed value of 22k which sky insurance refused to increase mid contract (no idea why)

I'd rate the condition as 9.5/10

Any ideas what I should be aiming for in this current market?

Cheers

 

Edited June 21, 2021 by raddys
Missed words (see edit history)

[Mike2JZ]

~30k ish

[m12aak]

30k minimum IMO, but push for as high as they'll go. There is another red GZ (albeit with lower miles) up for £35k on PistonHeads. Given your full underside refresh I'd personally say that yours is worth very similar money, if not more. 

[Ric]

If the valuation is for insurance the value should be whatever it would cost you to buy another car and carry out the work to make it similar standard.

If you have the receipts etc just add it all up and there you go. The insurance company will also ask for the receipts anyway i expect.

[Annabella]

£30-35k, as above, you've done all the work, if it's written off/nicked then it's the cost of like for like.

[AC93]

£30-35k I would have thought ..just send them copy of the receipts

[SPG]

I personally would push for the £35k >£38k mark, as finding a decent low miles GZ is not an easy task. 

[rider]

Seeing only 350 were ever made there are probably only 200 left in the World today. and I wrote this in December 2019 on my last valuation threads responding to a specific GZ question:

"Personally, if it were my with a car in top condition, numbers matching, stock then I'd be seeking to insure an auto TT at £30k knowing that in any total loss its probably the car that would be near impossible to replace. If it were the factory 6sp Aero TT then £40-45k knowing that in a total loss it is the car that would be impossible to replace and that the aero will always be a popular and rare choice in foreign markets, probably more so than here in the UK. "

and prices have risen by 30% since then I'd be looking at £39k insured value for a GZ Auto in tip top condition.

PS - You have every right to revisit you valuation mid-term in a policy and it is particularly required for Surpa owners as most of that 30% inflation in the last 18 months has occurred in the last 6 to 9 months. Price rises were running at 30% in 2017 and 18 but took a breather for 6 months in 2019 before bolting off again. When you have such hyper inflation you do need to constantly reassess if your insured value is suitable and also you have to start considering if you need to hedge in a bit of surplus to give you a few months off from fretting over the price rises relative to your agreed insurance value.

Edited June 22, 2021 by rider (see edit history)

[tayr]

21 minutes ago, rider said:

Seeing only 350 were ever made there are probably only 200 left in the World today. and I wrote this in December 2019 on my last valuation threads responding to a specific GZ question:

"Personally, if it were my with a car in top condition, numbers matching, stock then I'd be seeking to insure an auto TT at £30k knowing that in any total loss its probably the car that would be near impossible to replace. If it were the factory 6sp Aero TT then £40-45k knowing that in a total loss it is the car that would be impossible to replace and that the aero will always be a popular and rare choice in foreign markets, probably more so than here in the UK. "

and prices have risen by 30% since then I'd be looking at £39k insured value for a GZ Auto in tip top condition.

how do you find out how many were made of those?? tried finding that info but couldn't

[Scooter]

Isn't the 350 GZ AEROTOPS not just GZ's?

[rider]

I read it on a couple of web pages so its only as accurate as the individuals who wrote the web page using actual data or a copied figure. The actual figure quoted was 352 units produced over two years of production, 93 & 94.

Edited June 22, 2021 by rider (see edit history)

[Scooter]

Monkey3 did a whole load of work after I pointed him to a data source, he's a coder or IT guy and extracted all the colours and models I think I just can't find the actual thread, the one here is the start of what happened. I'll keep searching

[rider]

1 minute ago, Scooter said:

Isn't the 350 GZ AEROTOPS not just GZ's?

It was US info so it could just be the aero knowing the yanks love the targa top and have little regard for anything they aren't interested in.

[tayr]

wonder how many left in the UK then..

[Tyson]

3 hours ago, Scooter said:

Isn't the 350 GZ AEROTOPS not just GZ's?

 

3 hours ago, rider said:

I read it on a couple of web pages so its only as accurate as the individuals who wrote the web page using actual data or a copied figure. The actual figure quoted was 352 units produced over two years of production, 93 & 94.

 

5 hours ago, tayr said:

how do you find out how many were made of those?? tried finding that info but couldn't

 

5 hours ago, rider said:

Seeing only 350 were ever made there are probably only 200 left in the World today. and I wrote this in December 2019 on my last valuation threads responding to a specific GZ question:

"Personally, if it were my with a car in top condition, numbers matching, stock then I'd be seeking to insure an auto TT at £30k knowing that in any total loss its probably the car that would be near impossible to replace. If it were the factory 6sp Aero TT then £40-45k knowing that in a total loss it is the car that would be impossible to replace and that the aero will always be a popular and rare choice in foreign markets, probably more so than here in the UK. "

and prices have risen by 30% since then I'd be looking at £39k insured value for a GZ Auto in tip top condition.

PS - You have every right to revisit you valuation mid-term in a policy and it is particularly required for Surpa owners as most of that 30% inflation in the last 18 months has occurred in the last 6 to 9 months. Price rises were running at 30% in 2017 and 18 but took a breather for 6 months in 2019 before bolting off again. When you have such hyper inflation you do need to constantly reassess if your insured value is suitable and also you have to start considering if you need to hedge in a bit of surplus to give you a few months off from fretting over the price rises relative to your agreed insurance value.

1187 GZ's

354 GZ Aerotops

[Tyson]

of 354 GZ Aerotops:

• 24 White
• 143 Silver
• 8 Anthracite
• 88 Black
• 68 Red
• 1 Green
• 22 Blue

 

[raddys]

Mines just a GZ, not a gz aero. Anyone know the specs on overall GZ production?

[raddys]

18 minutes ago, Tyson said:

 

 

 

1187 GZ's

354 GZ Aerotops

Sorry didn't see this, wow didn't realise it was quite as rare as it is, thanks very much

[Tyson]

6 minutes ago, raddys said:

Sorry didn't see this, wow didn't realise it was quite as rare as it is, thanks very much

83 GZ Hardtops in Red

[raddys]

1 hour ago, Tyson said:

83 GZ Hardtops in Red

Wow, is that world wide or jdm Market?

[The Raven]

30k? 

Can you keep us all updated, its getting harder to push the value with some insurance companies 

[erachter]

12 minutes ago, raddys said:

Wow, is that world wide or jdm Market?

I believe GZ were only a JDM option

[raddys]

8 minutes ago, erachter said:

I believe GZ were only a JDM option

Ah ok, so here in England it was just 1 spec (tt auto or 6)

Did america get different grades?

[raddys]

21 minutes ago, The Raven said:

30k? 

Can you keep us all updated, its getting harder to push the value with some insurance companies 

I will let you all know when I've got it agreed

[jongilly]

Send it to the USA, I have a contact in florida... expect much better money than UK or Europe... I have done the underside of my UK supra... I know what it costs.