How do you quantify the value of a Lotus?
Posted: Tue Feb 03, 2015 9:23 pm
Hi all,
Just noticed this ad on fleabay:
http://www.ebay.co.uk/itm/LOTUS-ELAN-PL ... 46336bb913
Now, I don't want to totally dismiss the owners valuation, but looking at the state of the car, is 6K realistic?
I ask this because Paul Matty has just valued my 72 Plus 2 S130/5 at 11K for insurance purposes. My elan whilst not perfect, has had the engine, suspension, brakes all rebuilt, the interior is original and immaculate, so how come my car is only worth 5K more? Are sellers thinking that all elan's are fetching 30k when rebuilt? because mine certainly won't make that sort of money, even if I did want to sell it (But I never will).
Kind regards
Jeff
Just noticed this ad on fleabay:
http://www.ebay.co.uk/itm/LOTUS-ELAN-PL ... 46336bb913
Now, I don't want to totally dismiss the owners valuation, but looking at the state of the car, is 6K realistic?
I ask this because Paul Matty has just valued my 72 Plus 2 S130/5 at 11K for insurance purposes. My elan whilst not perfect, has had the engine, suspension, brakes all rebuilt, the interior is original and immaculate, so how come my car is only worth 5K more? Are sellers thinking that all elan's are fetching 30k when rebuilt? because mine certainly won't make that sort of money, even if I did want to sell it (But I never will).
Kind regards
Jeff