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Thread: Stratos Replicas - second hand values

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    SEC Member Stratos Fear's Avatar
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    Stratos Replicas - second hand values

    I spoke to the guy that runs Totalheadturners at the recent Festival of Speed and he was very bullish on the prices that can be achieved for secondhand Strati. His main Stratos experience is with the Hawk and he has yet to handle an LB, but reckoned that 40k was probably about the right level and 50k could be achievable for a quality build. He was telling me that he has just sold his two thousandth Cobra replica in 30 years of trading - so I'm guessing he knows his stuff! He was a fascinating guy to talk to and has some great tales to tell. If we were into finding after-dinner speakers he would be a good candidate ! (i wished i'd got his name !)

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    Re: Stratos Replicas - second hand values

    Quote Originally Posted by Stratos Fear View Post
    .............50k could be achievable for a quality build.
    Ah, so the way I'm spending I'm only heading for a small loss then

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    SEC Member Griff's Avatar
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    Re: Stratos Replicas - second hand values

    his name is Mark Harrison, and he is a totally nice guy, very genuine and tells it how it is

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    SEC Member Stratos Fear's Avatar
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    Re: Stratos Replicas - second hand values

    Yes - that was my impression . Leigh - he hasnt yet seen an LB - so I think you/he may be able to up the game when you come to sell !!

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    SEC Life Member The Slug's Avatar
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    Re: Stratos Replicas - second hand values

    You can achieve much more than 40K for a tidy LB privately. Just so you know.

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    SEC Member hollytree's Avatar
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    Re: Stratos Replicas - second hand values

    So what "agreed" value should I put on the insurance renewal form.
    I did 40k last year and the form has just arrived restating that.
    Now you have me worried that I should increase it.
    Steve

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    Re: Stratos Replicas - second hand values

    I think the specialist insurers would be serving both themselves and us as customers if they kept a database of values and we could contribute to that by relaying to them what the cars sell for when we cancel our policies because the car has moved on. It would be good evidence when claims are made too.

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    SEC Life Member The Slug's Avatar
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    Re: Stratos Replicas - second hand values

    Quote Originally Posted by hollytree View Post
    So what "agreed" value should I put on the insurance renewal form.
    I did 40k last year and the form has just arrived restating that.
    Now you have me worried that I should increase it.
    Steve
    Clearly the price you pay for parts to put a car together, is a different value to what you can sell it for when its a working car.
    Whilst you might be able to pay for all the parts you need for 40K, as a complete car to a good standard to purchase following a total right off, the figure needs to be in my opinion at least 50k.

    Don't forget if you have a total loss and accept the car back as part of the settlement you may lose up to 30% of your claim, and I understand that the repair of the car can not claim the VAT back on the parts so there goes another 20%.
    You would be better off not having the car and starting from scratch for the full 40K.

    I'm sure someone with full details on this will be along and correct me.

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