WA Redbook - Valuation of 30-Year-Old Bunkeys?

[Norwest]

Hi and thanks again for the informative site.

As part of my disclosure, my ex's solicitor wants my collection of 30-year-old landcruisers vouched for via Redbook... Despite my best efforts, no luck.

These, I might add, are what is known in the trade as bunkeys, usually hidden out the back
$1500-$5000 depending on the day, a carton on Friday afternoons.

Any suggestions to vouch? Only one roadworthy...1000 km from Perth.


Thank you.

 

[Rod]

Then just state Redbook has no valuation.

 

[Tim W]

People who are not (have never been) in the trade
don't always understand that Red Book, Green's, and Glass' are no more than indicative.
They do not create (let alone prescribe) an objective value for any vehicle.

For the benefit of people who read this thread later... It may also be helpful to remember that unless a person has a licence from somewhere in the motor trade (be that dealer, mechanic, whatever),
then they're not "in the trade".
Hobbyists and collectors, without trade licences, are not "in the trade".
So, it can matter not to get rattled by lawyers using trade lingo in letters,
as though they know what that lingo means.

That said, it's sounds like you already know that "netting" a vehicle is two parts black art and one part blarney.
Perhaps get online, and/or look through the old specialist magazines,
to see what you can find advertised over, say, the last 12 months
for comparable vehicles in comparable condition.
If only one is roadworthy then market value may not be so hard to determine.
But, if the others B.E.R (to all but the most dedicated enthusiast),
then it may make more sense to value them as scrap metal/ wreckers instead.

 

[Norwest]

Thank you for your sage opinions.

 

[Norwest]

Then just state Redbook has no valuation.

Thank you for your response.

 

[SamanthaJay]

If I were your ex and knowing what I know now, I would get a specialist valuer to valuer them.

I made the mistake of taking the cheap option of having the regular valuer value my ex's collectible vehicles. The valuer had no idea of the true value of these vehicles that also all had substantial modifications. I had to accept the valuations as I had agreed to this valuer valuing them.

After our settlement, my ex went on to sell two of them (the ones that I know of) for 8 x's and 12 x's the valuations.

 

[Norwest]

Hi Samanthajay,

Thankyou for your response,
I am sorry for your financial loss,but nothing untoward happening in this case.

Whilst i admit the vehicles may increase in value in time,perhaps 5-20 years
one has more filler than Shane Warne [apologies Shane].

As such the main purpose of the vehicle is taking the dogs to the beach
and carting the essentials for life in the Norwest,fishing rods, esky,dogs....

Simply trying to establish ''value'' for '' the purpose of a full and frank disclosure .''

 

[SamanthaJay]

OK, we had one of those too but 1970's something model Landcruiser - paid $3000 for it around 10 years ago. We used it out in the paddocks (ute) to cart tools or to load with firewood. He kept it in great mechanical condition. He left it out in the paddock when the valuer came (I could see from the photo) and it was valued at $0.