Current market value of the Escort Cosworth

[RS Bowk]

Just renewing my agreed value on the Escos and noted that it said the policy will only pay 'Current Market Value' until the agreed value is in place.

This got me thinking. I used to see in the buying guides a minimum and maximum price for these cars.

What do we all think is the going rate for an Escos these days? ie price for a rough one, an average one and concourse etc?

[jason 280]

A nice useable escort cosworth imho SHOULD command £25,000 now minimum!!!!!!!!! Projects.....i wouldnt like to hazard a guess not my forte, as for mint genuine low owner and mileage cars i think its a sellers market nowadays these WILL i think end up going the same way as the 3 dr sierra cosworths, just a case of the escort's having to play a little catch up, and come of a certain age and then prices will go up dramatically

[RS Bowk]

What do we think is the minimum now? excluding cars for breaking etc but just the cheapest with MOT etc but rough

[TEREX]

think you will be hard pushed to find one below 18k now

[Simon T]

if you are concerned on your insurance then the only thing to do is use a policy with an agreed value that is based on a recent RSOC or VAT registered garages written valuation. This is the reason there are RSOC schemes, to protect members if the worst should happen.

I know of someone who had an old Rover, think it was p1 (not sure tbh) but either way someone drove into the side of it and it was written off. This was on an agreed value supposedly but when push came to shove they waved the market value flag, a bit like you're explaining above - they only paid that out, even though he could prove that he couldn't replace the car for the sum being paid out. So be careful.

[simbo]

The thing here is what's " market value" ??? How is the figure actually decided???
I'm currently looking at selling my focus which I paid 3k for a year ago, I'm guessing what garages are offering me for a trade in are what they call market value, around £1500. The same spec of car I'm selling is all over auto trader etc for sale from traders for around £2500. So I'm easily looking at a loss of 1k if this is what they class as market value.
This will more than likely be the same formula used on all cars so you're looking st taking a considerable hit if the worst happens to your car in event of theft or accident loss

[RS Bowk]

if you are concerned on your insurance then the only thing to do is use a policy with an agreed value that is based on a recent RSOC or VAT registered garages written valuation. This is the reason there are RSOC schemes, to protect members if the worst should happen.

I know of someone who had an old Rover, think it was p1 (not sure tbh) but either way someone drove into the side of it and it was written off. This was on an agreed value supposedly but when push came to shove they waved the market value flag, a bit like you're explaining above - they only paid that out, even though he could prove that he couldn't replace the car for the sum being paid out. So be careful.

I'm not disputing that 'agreed value' is the way to go (i've always done it).

I'm interested to see what people think is the bottom line price now for one.

When I first bought mine 10 years ago you could pick a lhd or a right nail up for 7-8k but that defo isn't the case now.

[AlexRS]

They're only going up in value as rust is worth so much more.

They were always going to go up in value, I picked an E90 M3 over a E46 CSL and boy do I regret that now, as I thought it'd be easier to live with.... Regret that now!

Then again, my old man sold an E-Type jag Mk1 for £25 back in the day. In his words "it was a rusty jag, wasn't a fancy Italian car".

[Dave H]

They're only going up in value as rust is worth so much more.

Haha that's funny, so true especially in the VW world where a rusty old shitbox camper imported from the States seems to be more desirable than a clean honest rhd UK model that's had a respray!

[Clipper49]

I bought my first Cossy last Tuesday, its a 1992 K reg with 2 former keepers and 50k with a very genuine and thorough history.

Condition is very good, but not concourse and I had to give 31 for it. I immediately insured it for 35 agreed value with Adrian Flux as I have already started spending to make it as perfect and as original as I can.

I looked at quite a few, a scrapper has to be 15k, a regular example 20k, and concourse must be 50k at the moment.

I did wonder if there was any point in an agreed value as the market value for my car is probably 30-35 anyway, but they didn't charge any extra for agreeing it a 35.

[Barney Gumble]

I bought my first Cossy last Tuesday, its a 1992 K reg with 2 former keepers and 50k with a very genuine and thorough history.

Condition is very good, but not concourse and I had to give 31 for it. I immediately insured it for 35 agreed value with Adrian Flux as I have already started spending to make it as perfect and as original as I can.

I looked at quite a few, a scrapper has to be 15k, a regular example 20k, and concourse must be 50k at the moment.

I did wonder if there was any point in an agreed value as the market value for my car is probably 30-35 anyway, but they didn't charge any extra for agreeing it a 35.

Hello Mate

Congratulations! Upload some pictures!

Cheers

[stookay007]

I bought my first Cossy last Tuesday, its a 1992 K reg with 2 former keepers and 50k with a very genuine and thorough history.

Condition is very good, but not concourse and I had to give 31 for it. I immediately insured it for 35 agreed value with Adrian Flux as I have already started spending to make it as perfect and as original as I can.

I looked at quite a few, a scrapper has to be 15k, a regular example 20k, and concourse must be 50k at the moment.

I did wonder if there was any point in an agreed value as the market value for my car is probably 30-35 anyway, but they didn't charge any extra for agreeing it a 35.

Who done your agreed valuation for flux?

regards

[Simon T]

I was wondering that - I never insure with flux, even if they are the cheapest (rare) as I know a number of people who have had issues with them.

[Clipper49]

Not sure what you mean by who did the agreed valuation. I just phoned them up, got a quote and paid over the phone then sent them 7 photos of the car that they requested. The agreed value figure was a figure specified by me which they didn't question. The insurer is Equity Red Star.

I'm not sure what they are like if you need to claim but know from a previous (non fault) claim that Ageas Insurance are useless so would always avoid them.

Who done your agreed valuation for flux?

regards

[Simon T]

They normally need a written valuation of some sort. All the agreed policies that I've had over the last 10 years (including with Equity Red Star) have required this - a valuation from an RSOC registrar or an independent valuation from a VAT registered garage.