Agreed Valuation evidence
Agreed valuation form and photographs
I was contacted last week to say that my agreed valuation had come back at £10K and to provide evidence if I did not agree with it. Considering the club official had valued it at £28K then I will obviously contest it. On the form I sent you it asks for the contact details of the valuer. These were provided but no one contacted him. So why ask for them and then not make contact when there is such a huge difference in valuations? Firstly why has the valuation taken so long. The last one I did with Peter Best Insurance was done by return of post. On 02.07.2014 they valued it at £20K Details are attached.
I was asked to provide details of cars for sale. The wife found one within seconds on the web. http://www.classiccarsforsale.co.uk/blog/auction-news/last-scimitar-for-sale
Asking price £40K. There are two specialists that mainly deal with Scimitars. One is called Graham Walker in Cheshire and the other is QRG. (Queensberry Road Garage) I am told by the person that valued my car, that this low mileage car was sold for £30K and had £5K worth of recommissioning work carried out at Graham Walkers. It suffers from micro blistering. QRG charge up to £17K for a respray.
Last year, a less than concourse Middlebridge sold at the NEC classic car show for nearly £30K. Again my valuer could have relayed this information if he had been contacted.
I have spent quite some time in W.H.Smiths looking through car magazines to find values. I found a hard back book called Classic Car prices at £9.99 .It looked like the bible of valuation books. It lists every Scimitar made, apart from mine which is a Middlebridge Scimitar. There are only 78 of them in the world. I then made enquiries with our club to find a published valuation. Classic Cars issue 523 for February 2017 lists Middlebridge values on page 192 under the heading of Reliant. They range form £30K down to a basket case example at £10K. I have attached photographs of the front cover and said page to assist.
My car should not be confused with the normal Scimitar. It is a Middlebridge Scimitar number 27 of 78. I was invited to exhibit it at the Classic Car show in Manchester. Hopefully I can attach a photo of it on the stand.