Actual valuation

N

Nick

New member
Does anyone know where to get an accurate valuation on a car, I wish to get one done but am having problem coming up with anything other than an online ones, not accurate enough.

Bedfordshire area
 
is there such a thing as an accurate valuation? A car is worth what someone is willing to pay for it, buyer perception is all!
 
Gauge autotrader for similar spec/priced cars.

If you privately advertise and phones not ringing it’s too expensive. If phones red hot perhaps too cheap.

There are people looking this time of year COVID or no COVID.
 
Apologies all, should have made it clearer.

I need a valuation in case it doesn’t sell and I take it to Aussie. The way the pound Aussie dollar is at the moment it will save me a load of tax if I get one done here which the Australian Customs will accept.
 
You could try Parkers:

https://www.parkers.co.uk/car-valuation

Sorry, just read your first post again about on-line ones. Doh!
 
My initial thoughts was surely you want the cheapest official valuation so you pay less tax (10%?) and avoid luxury tax (another 33%?).

However from a quick Google.

This involves obtaining an ‘Australian landed valuation’, as imported, and as valued by an independent Australian motor specialist less a series of deductions and the figure remaining is deemed to be the ‘customs value’ upon which duty and GST is levied. The importer is responsible for obtaining, as well as the cost of the ‘landed’ valuation.

A valuer may at first consider the market value of a similar vehicle in Australia and make a significant reduction for the fact that the vehicle has not yet been imported and registered. From this figure can also be deducted all the subsequent costs of getting a vehicle ‘on the road’ and then deducting the 10% GST and then the 5% duty (and where applicable on very high value cars the 33% LCT). From the remaining figure customs would then deduct all the costs of shipping the car to Australia to arrive at the ‘customs value’. The resulting ‘customs value’ can be as low as 50% of the actual ‘Australian full market value’ and in most instances is a system that benefits the car owner / importer.

So you want the cheapest official printed valuation from a registered car dealer I guess. A Jaguar dealer would be a good place as they will no doubt price it low in the hope of buying it and it should be on some official Jaguar bit of paper. Hope that helps. I've learnt something new.
 
The lowest price most cars are sold is at auction, and I would have thought that would be an acceptable estimate for customs purposes.

I found this outfit on the Web - has to be worth an email. https://classic-car-valuations.com/classic-car-probate-valuations

Might also be worth talking to a car auction company as they provide estimates for cars they are selling, they might give a letter headed valuation for a fee.
 
Some good ideas and links, got to be careful not to be too low, might work against me.

simpleR

I have been doing a fair amount of research but must say I missed the last paragraph about up to 50% reduction of actual Aussie market value. That with the exchange rate might keep me out of LCT bracket
 
Nick said:
simpleR
I have been doing a fair amount of research but must say I missed the last paragraph about up to 50% reduction of actual Aussie market value. That with the exchange rate might keep me out of LCT bracket
Click to expand...

I read this for reference - http://www.carshipping.co.uk/australia-shipping-customs/
 
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