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Author: Subject: How much value does an IVA add
DavSki153

posted on 18/11/20 at 04:52 PM Reply With Quote
How much value does an IVA add

I have been looking at purchasing another kit car and have seen various spec cars at various price points.

What are your opinions on the representative value of an IVA/SVA.

If a car has a Specification worth 5000 without road registration. How much would you value the same specification car with road registration.

I understand its not quite as cut and dry as that but would be interested in how people value it.

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joneh

posted on 18/11/20 at 05:26 PM Reply With Quote
Really difficult to answer but maybe a grand or two? I think if I packed mine in now I'd get around 4K for it if I broke it up for parts. Maybe a finished Fury running a xflow is worth around 6K?

If you're using it on the road, I guess it depends what it needs to get it through an IVA. If it's a known kit that passes the IVA out of the box, the cost is the cost of an IVA (is it 600ish now?), maybe factor in the retest cost of 120ish, registrations fees, plates, 1k all in taking into a few minor fixes? If it's a custom build that would need work to get though an IVA, then it could be almost anything.

The biggest "cost" is just the ball ache of getting it through and jumping all the hoops. Not to mention dealing with the DVLA...

However, if you're only using it for track, then all an IVA offers is an additional eye over the quality of the original build.

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gremlin1234

posted on 18/11/20 at 05:36 PM Reply With Quote
in simple numbers adds at least 1,000 but...
nothing is ever simple, without IVA you have to check and correct everything, plus the cost of the test, plus time, and parts...oh and registration too
so perhaps road legal adds 2,500
but dont fall into the trap of 'well its a dutton'

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Mr Whippy

posted on 18/11/20 at 06:49 PM Reply With Quote
I'd look at it more why a car advertised does it not have an IVA when it adds so much more to the value. Are there issues you need to fix? especially with older kits that have taken years to get anywhere. The SVA and IVA have been moving targets with their requirements invalidating many of the parts and designs that were acceptable previously. Also regard peoples estimates of completion as BS, they always need far more work than claimed.

For me I'd say if you want a car you can just drive and enjoy and can afford it, then buy a complete road legal car.

If you want a project that could end up a lot of work and maybe more expense but enjoy the challenge and chance to make it your own (where I'm at), then buy an unfinished car.

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gremlin1234

posted on 18/11/20 at 07:04 PM Reply With Quote
quote:
Originally posted by Mr Whippy Also regard peoples estimates of completion as BS, they always need far more work than claimed.

yep an 80% complete car still needs another 90% to complete,
but an 90% complete car only needs another 80% to complete

perhaps that's why most kit cars are over time/ over budget etc, to at least 180%
ps kit cars are never finished, they evolve

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gremlin1234

posted on 18/11/20 at 07:07 PM Reply With Quote
quote:
Originally posted by Mr Whippy
I'd look at it more why a car advertised does it not have an IVA when it adds so much more to the value.
all to often, time, money, space, wives kids etc

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joneh

posted on 18/11/20 at 07:11 PM Reply With Quote
quote:
Originally posted by gremlin1234
quote:
Originally posted by Mr Whippy Also regard peoples estimates of completion as BS, they always need far more work than claimed.

yep an 80% complete car still needs another 90% to complete,
but an 90% complete car only needs another 80% to complete

perhaps that's why most kit cars are over time/ over budget etc, to at least 180%
ps kit cars are never finished, they evolve


You're not wrong.

I purchased a 90% complete car. So far it has had a complete engine rebuild, new fuel lines, brake lines, fuel tank, steering column, pedal box, new seats, dash, extensive welding, chassis painted, new bushes, all chassis bolt holes reamed to the correct size and every nut and bolt replaced. I have some body work to modify to get the twin 40's to fit. Apparently it was driving before I bought it, even if the bonnet never closed .

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Mr Whippy

posted on 18/11/20 at 07:53 PM Reply With Quote
quote:
Originally posted by joneh
quote:
Originally posted by gremlin1234
quote:
Originally posted by Mr Whippy Also regard peoples estimates of completion as BS, they always need far more work than claimed.

yep an 80% complete car still needs another 90% to complete,
but an 90% complete car only needs another 80% to complete

perhaps that's why most kit cars are over time/ over budget etc, to at least 180%
ps kit cars are never finished, they evolve


You're not wrong.

I purchased a 90% complete car. So far it has had a complete engine rebuild, new fuel lines, brake lines, fuel tank, steering column, pedal box, new seats, dash, extensive welding, chassis painted, new bushes, all chassis bolt holes reamed to the correct size and every nut and bolt replaced. I have some body work to modify to get the twin 40's to fit. Apparently it was driving before I bought it, even if the bonnet never closed .


Same here, that car in my pic is now just a stripped down chassis getting major alterations, all the bodywork is getting replaced, wiring replaced. All fun and games and I'm loving it when it's complete it will be a completely different car but vastly better.

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nick205

posted on 19/11/20 at 11:33 AM Reply With Quote
I'd estimate a least 1,500.

Then factor in most people don't pass the IVA first time round and come away with a list of things to fix for the retest. That list could be adjustments, but could be parts that need replacing, covering up etc. Time and money.

Some don't IVA their cars because they're only going to use the cars on tracks. If that's the case the advertiser should state the case in the advert and IMHO have built the car to the appropriate standard. The question then is are you buying a car to use on road and track or just on track?

Ultimately I'd not be travelling great distances to look at cars without being fairly sure the car is worth looking at. I'd also expect to speak to the seller on te phone to gauge the seller as well. There's many who've fancied having a go at building a car and then realised it's not for them.

Has the builder tried to IVA the car and failed?

If so, what did the car fail on and what's stopping the builder from finishing?

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big_wasa

posted on 19/11/20 at 12:01 PM Reply With Quote
Not every un iva'd car is a nail and not every iva'd car is fit to sit in let alone be on the road.
But for sure not every one can build a kit let alone a scratch build.

If I could post pictures I would put some up of the welding that a "professional" dealer ship did last night on an hgv. Its shocking.

To answer the original question. In my opinion It adds 1500~2000 to the value.

Test
Transportation
Lost earnings / time of work if you can get it.
Retest
Transportation
More time of work
Registration
More paper work
Hassle
Piece of mind..........

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russbost

posted on 19/11/20 at 02:05 PM Reply With Quote
I'd agree around 1500 - 2000, on the assumption that it is already basically ready for IVA other than minor details.

I would also add that I think any car without IVA (& needing one) will always be a much more difficult sale, even if it is really well put together as people simply don't know just what lurks beneath & things are not always obvious at first glance





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steve m

posted on 19/11/20 at 07:06 PM Reply With Quote
Also, not every kit car HAS to have an SVA /IVA certificate, as before 1999 it was perfectly legal to break a car up, and build a kit car from it, i know, ive done it three times, all before SVA/IVA and this is the bit that really gets my goat, that the keyboard warriors have to come on this site and deflame anyone or any car, if its registered as an Escort, or Marina, as IF ? it was built before 1999 it was PERFECTLY legal

My car ran for 21 years until its demise registered as a Ford Escort, built from 1997-1999 and i never had an issue, on mot 's tax or insurance





Thats was probably spelt wrong, or had some grammer, that the "grammer police have to have a moan at




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russbost

posted on 20/11/20 at 09:41 AM Reply With Quote
quote:
Originally posted by steve m
Also, not every kit car HAS to have an SVA /IVA certificate, as before 1999 it was perfectly legal to break a car up, and build a kit car from it, i know, ive done it three times, all before SVA/IVA and this is the bit that really gets my goat, that the keyboard warriors have to come on this site and deflame anyone or any car, if its registered as an Escort, or Marina, as IF ? it was built before 1999 it was PERFECTLY legal

My car ran for 21 years until its demise registered as a Ford Escort, built from 1997-1999 and i never had an issue, on mot 's tax or insurance


Hmmm, sort of agree with that, but the problem is. it should still have been re-registered at the time as Escort special. or Marina sports or whatever to indicate it was modified. If you have anything that doesn't have a proper separate chassis & it's registered as the original car was then you are always going to run into problems, & if you try to re-register now, long after the amnesty went away, it's likely to cause all sorts of problems & might finish up having to be IVA'd.

This whoe situation was not helped by people registering locosts of whatever description as Duttons simply to avoid the test!





Furore Formula Car - the only two seater modern Formula Car lookalike. I no longer run Furore Products or Furore Cars Ltd, but would still highly recommend them for Acewell dashes, projector headlights, dominator headlights, indicators, mirrors etc, best prices in the UK! Take a look at http://www.furoreproducts.co.uk/ or find more parts on Ebay, user names furoreltd & furoreproducts, discounts available for LCB users.
Don't forget Stainless Steel Braided brake hoses, made to your exact requirements in any of around 16 colours. http://shop.ebay.co.uk/furoreproducts/m.html?_dmd=1&_ipg=50&_sop=12&_rdc=1

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gremlin1234

posted on 20/11/20 at 10:23 AM Reply With Quote
quote:
Originally posted by russbost
This whoe situation was not helped by people registering locosts of whatever description as Duttons simply to avoid the test!

yes simply
a modern kitcar using just the reg of an older kit. (ringer)
a properly registered actual dutton is absolutely fine

[Edited on 20/11/20 by gremlin1234]

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chillis

posted on 21/11/20 at 12:02 PM Reply With Quote
The value will depend on what you want to use the car for?
I would want to use it on the road, so its value would relate to the value of similar examples of that car that were road registered.
Without registration there is quite a lot of work to do and money to be spent. so you need to factor that into what the car would be worth.
You have to ask yourself this question: why does the current owner not want to go through the IVA process, could it be that it wouldn't pass without a struggle?
To my mind if the car is only worth around 7k on the road then 5k is far too much.





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