270 replies to this topic

[Acidpopstar]

Good point will do.

[jonnyboy]

Just string them out time wise. You have hire car and storage fees racking up....

[ArticMonkey]

Don't ever except their first offer. Collect different sale adds like others have said and send them their way. If your crash box is fine then it won't be to big a cost to fix the car. I'd say £2-3k if you want that colour change you were after. Look at it in another way. If you sell the car would you be happy with what a cat c goes for plus the money in your pocket?

[Mangham54]

[quote name="Acidpopstar" post="1604556" timestamp="1379713354"

They value the car via Glass guide at £4400 in uncrashed state. They value the car at £400 in its current state. They say £4k repair costs which is utter bollox![/quote]


It would cost them £4k, as they will cost it at the following (approx):

£1500 clam
£800 passenger lamp
£300 paint
£600 labour

then the rest could easily be swallowed in 'incidentals and hire car costs'.

Who are you insured with? As I know a couple of insurers that smiply won't budge on settlement. The only was they could be moved is via an approved complaint through the financial obudsman.

[Ebo100]

I second getting the ombudsman involved, many years back I had an XR2 stolen and was made a low offer by my insurance company. I sent autotrader adverts showing the prices the cars were going for at the top end and they countered it sending back loads of adverts for cars at the bottom end Still not happy I contacted the ombudsman stating a realistic offer I was expecting and the offer was upped close to this figure. Worth a try.

 

 

 

 

[tbs30stm]

You have nothing to lose by asking for an increase, the only way they will increase their offer is if you can provide examples of other cars for sale to justify an increase I'd say give it a go

[turbobob]

What value did you declare when you got your quotation?

[Acidpopstar]

What value did you declare when you got your quotation?

You mean on my own insurance? It's going through his, sorry if I've not understood. I've emailed a load of ads through to my claim handler who is back on Monday so we'll see. Thanks for all the support people.

[ArticMonkey]

What value did you declare when you got your quotation?

You mean on my own insurance? It's going through his, sorry if I've not understood. I've emailed a load of ads through to my claim handler who is back on Monday so we'll see. Thanks for all the support people.

Think he means what did you tell your own insurer the car was wrorty when you took out insurence this year?

[Acidpopstar]

I've got guaranteed final value of £6k!

[turbobob]

 

 

What value did you declare when you got your quotation?

You mean on my own insurance? It's going through his, sorry if I've not understood. I've emailed a load of ads through to my claim handler who is back on Monday so we'll see. Thanks for all the support people.

Think he means what did you tell your own insurer the car was wrorty when you took out insurence this year?

 

 

I don't understand this as normally when you declare a value, they accept and charge you accordingly. You declare a low amount, that is the max they will pay out. So I would be pushing for what you declared. 

 

But you are right in doing your homework on getting the valuation i.e. for sale ads. 

[Acidpopstar]

Yeah if it was my fault and I was claiming through my own insurance then I'd have £6k coming my way. But my insurance are not involved so my final value guarantee is useless - isn't it?

[Claws]

£4k + smashed up VX = circa £6k

Edited by Claws, 21 September 2013 - 05:48 PM.

[Pidgeon]

 

 

I got £5,250 and my car back. 2003 na with 85,000. Push for more cash 

Bloody hell... No one should bother selling their cars - just crash 'em and cash in seems to make the most financial sense

 

To be fair as a non cat car I estimated it to be worth about £7,250 due to spec. They offered me that as a settlement figure and let me buy the car back as a cat d for £2,000

 

 

Just to be clear, that's not happening here.  If you claim through your insurance, they will take possession, place the car on the register and sell you the salvage.

 

OP is negotiating a payment whereby the claim is settled and he keeps the car.  Mathematics is the same, but the car remains his property throughout.

 

If they've estimated its salvage value at a few hundred quid, I wonder what they'll say when you prove it was worth 7 or 8K  

[Acidpopstar]

It is a bit odd regarding the status of the car. The claims management co have told me the independent damage assessment resulted in the car being declared a total loss Cat C with pre accident value £4.4k less £440 salvage. They say that as its been declared a total loss it is my responsibility to inform DVLA of this. So, is it a write off or not? (Pidgeon thanks for all your advice).

[turbobob]

Tell them you want your car replacing like for like. And if they can do it for £4.4k great. Wish them luck.

[Claws]

£440 salvage!? I'd love a supply of £1000 VXs that the salvage company has creamed off a little profit from

[G-Bob]

Tell them you want your car replacing like for like. And if they can do it for £4.4k great. Wish them luck.

Yup, ask them to find you a like for like car for that price.

[Ebo100]

It baffles me how companies come to these values. Has anyone in the history of .org ever sold a car that low?

 

My last car was in need of paint work but mechanically top notch and I got in excess of £7k. From memory, A finger in the air value for a CAT car should be in ecess of £5k

[Mangham54]

It baffles me how companies come to these values. Has anyone in the history of .org ever sold a car that low?   My last car was in need of paint work but mechanically top notch and I got in excess of £7k. From memory, A finger in the air value for a CAT car should be in ecess of £5k

CAP guide will be many companies first resource, which is meant to represent what cars are going through the auction houses at. £4.5k is what is was offered for a part-ex on mine. Needless to say I walked away from the deal. I am not saying that this is what a VX is actually worth, but gives you an indication of what & how insurance companies will value it. A well looked after car, on here, would command a premium. However, in the car sales market, new bushes, new shock absorbers, new tyres, track rod ends, steering racks etc etc are simply classed as 'maintenance' so just part of the 'general price'