Classic Car Valuation For Probate – Accurate Probate Valuation Of Classic Cars
As part of our ongoing probate news and advice we talk about classic car valuation for probate and classic car valuation for insurance purposes. This includes classic cars modern and old, vintage and veteran cars, motorcycles and boats. We often carry out valuations of this kind and our valuers are among the best and most experienced in the UK, therefore we are able to provide very accurate values for our clients. Our figures are based upon past sales results from a wide range of major auction houses, while modern car values are calculated in respect to current sales figures and comparables. Whether it be a classic car valuation for probate or for insurance purposes we can provide a true valuation.
Austin 7 Nippy
In September 2011 we valued an Austin 7 Nippy for probate purposes in Highgate, North London. The car was a non runner and an unfinished restoration project, so these factors were taken into consideration when calculation its value. A valuation should be realistic and based upon open market value at the time of death. and stand up to scrutiny from the executors or the Inland Revenue. An inaccurate or undervaluation could well be questioned by the Inland Revenue, and equally an inaccurate overvaluation would result in the estate paying more inheritance tax than necessary. We have valued cars from as little as £100 up to the figure of £500,000 and above.
As experienced RICS valuers Avery Associates are able to value any vehicle regardless of its value, anywhere in the UK or Europe for insurance or probate purposes.
For further advice or a free consultation call Jeffrey Avery on 0800 567 7769