I just bought a TF advance 1997 wagon with standard wheels and 130000kms in good condition and insurance company said market value is $5800 and i picked up for $4000 in sydney
I thought a little low as i never see below $7000 in adelaide approximately unless its an executive
Any opinions???

maybe the seller needed to get rid of it quickly or maybe he/she didn't tell you it was stolen haha jk :P

most people go to trade in cars and get told a really low price, and get convinced its worthless, maybe he was told 3000 bucks trade in, and thought he would sell it for 4k as thats all he thinks its worth :-)

Did you make sure there was no money owing on the vehicle?

If you feel it's worth more consider going through a company like Shannons who will give you an agreed value. If you have seen them for more then you got a bargain. This is like XY's in that they are going for 500k + but the redbook value is only 100k. Plus yards need to make money apart from servicing/sales and i feel that the low trade in prices are moving into the general sales sector. People who are given a trade price may want to see their car used properly so as long as when they take possession of a new car they have the money. All is well.

I got mine $4500 wagon 97 TE.

Probably just a deperate seller or who knows. As long as you dont notice any problems which i hope you dont.. then consider yourself a lucky buyer :)

guys i think a few of u may have missed the point, i think hes saying he wants insurance to value it for more... he got a bargain on the price, but wants the insured value to reflect what the market is at

When I have insured cars after purchase, invariably the insurer values it at a higher price than what I paid for it - (especially when I have purchased at auction). If this is the agreed price then I suppose this is a bonus if the car is written off for any reason.
The value they put on the car always seems to be at the top of the Redbook range.
Perhaps this is a way of screwing more premium from us the owners.
However if the insurer has a 'market value' clause in the policy then you may only be paid the lower price if the car is written off by the company.
Perhaps others have actual experience of this.

When I have insured cars after purchase, invariably the insurer values it at a higher price than what I paid for it - (especially when I have purchased at auction). If this is the agreed price then I suppose this is a bonus if the car is written off for any reason.
The value they put on the car always seems to be at the top of the Redbook range.
Perhaps this is a way of screwing more premium from us the owners.
However if the insurer has a 'market value' clause in the policy then you may only be paid the lower price if the car is written off by the company.
Perhaps others have actual experience of this.

Yeah AAMI valued my Verada at over $10k and I paid $7500 (stock, no mods). Just because you got a good deal doesn't mean the insurance company can get in on it too :bowrofl:

guys i think a few of u may have missed the point, i think hes saying he wants insurance to value it for more... he got a bargain on the price, but wants the insured value to reflect what the market is at


Yeah thats fine.. Insurance companys go off the Glasses Guide(similar to redbook)for values.. there wont be a issue insurring it for the 7k. anymore than that and its up to the insurance company how they handle it.. some will go higher on inspection and others wont..:)