You could buy many things for £12,600, but that's besides the point. The list of parts needed and labour charged with VAT on top, went just past that figure. A third one from a local body shop was much more and ERS were happy to except with no questions asked. We all know we can fix these cars quite easily and have many talented people on here, who do work for great cheap rates. One of which will be doing mine. I have full control and can spend the money wisely while getting a great deal on parts.That must have been some damage. 60% by my calculation is £12,600. You could buy a reasonable condition whole VX for that!
Now, my car was agreed at £21,000 and the track day excess was 10% so minus £2100. I was told by ERS that anything over 60% will write the car off, and with the quotes I was getting back this would be the case.
Half the value is in the engine and I wanted a figure equal to what it would cost to fix the car if a total loss. I would never sell the car for that amount. It's just worth that in parts and more.
Good outcome Stuart from a non believer and I have just renewed. I've valued mine at £13.5k though. You've obviously got far more goodies on the car than I have!
MBR did mine some years back now. This was sent to ERS and they come back with no quibbles. They wanted a list of parts which came to that cost alone.
£21,000 does sound high but these cars are hard to value when they're not standard as you never know what buyer is waiting. Where did you get your valuation from?