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Advice needed: Car crashed into, No note
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yugocrazy
Posts: 3 Newbie
Hi,
Would appreciate any help on this.
I just got back home to find that my car (parked on the end of a street in London) has been hit quite hard - it was on the end of a bay and has moved about 1/2 a metre. Annoyingly it has hit my girlfriends car which was parked in front of it. Obviously there was no note left.
I have a feeling that the insurance may write off my car, is there a way of getting a good offer from them, as I have a feeling they would undervalue the car.
Anyway, what do I need to do? I'm guessing, inform the police and then see what my insurance company will offer me. Does anyone have any other advice?
Thanks
Would appreciate any help on this.
I just got back home to find that my car (parked on the end of a street in London) has been hit quite hard - it was on the end of a bay and has moved about 1/2 a metre. Annoyingly it has hit my girlfriends car which was parked in front of it. Obviously there was no note left.
I have a feeling that the insurance may write off my car, is there a way of getting a good offer from them, as I have a feeling they would undervalue the car.
Anyway, what do I need to do? I'm guessing, inform the police and then see what my insurance company will offer me. Does anyone have any other advice?
Thanks
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Comments
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yeah i think you need a police number, if the car has moved it could caused trouble with the back breaks , supsension. what other damage. someone hit my car, on my own drive and drove off. they was witness no one wanted to no as it was another neighbour. luckily no damamge jsut a dent and the bumper ,needed a new one. speak to a mechanic or someone see what they advise, may not be a lot wrong with it....good luck..........i will be debt free, i will0
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The thing to remember on the price of the vehicle is that it is based on private sale not forecourt therefore you need to look in the likes of autotrader but even then remember that just because I put my citroen saxo in there for £50,000 doesnt mean that is how much it will sell for.All posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
No Advertising or Links in Signatures by Site Rules - MSE Forum Team 20 -
Astaroth: has this approach been departed from then? I appreciate it's four years old and the regulatory framework has changed but I can't see any substantive reason why this would no longer apply:The ‘market value’ is the likely cost to the customer of buying a car as near as possibly identical to the one that has been stolen or damaged beyond economic repair...
...In most cases, the firm should have assessed the market value as equivalent to the ‘guide retail price’ (the price that a member of the public might reasonably expect to pay at a dealership).
However I do accept that market value is not forecourt price:Generally we place little weight on such evidence. Advertised prices for cars are widely understood to be a starting point for negotiation, rather than a fixed price
In other words, the insurers should pay out as near as possible to what the insured would expect to pay for a replacement, having haggled and of course taking into account any betterment such as a warranty or prior problems with the written-off car.Debt at highest: September 2003 - £26,350 :eek:
Debt now: £14,100 :rolleyes:
Debt free day: October 2008 :beer:0 -
I left claims 3 years ago so it may have changed since my day but when you buy a car from the forecourt you would expect all the minor scratches and dents to be sorted out, the car to have been valeted and most likely to also get a warranty on the car.
Unless the OP had just driven his car off the forecourt then he would have none of these and therefore it would be considered betterment hence why you base it on private prices which are a closer match to what the OP had.
The alternative methodology is to base the vehicle on forecourt prices but then deduct money for pre-existing damage which the dealership would have fixed (plus the more significant damage obviously), the lack of a warranty etc
As per (from your link)However, the trade value may be a useful indicator where the car was not in ‘guide retail’ condition
...
Customers who dispute the firm’s assessment of a car’s market value often draw our attention to ‘forecourt prices’ advertised in local papers, and – increasingly – to prices quoted on internet sites. Generally we place little weight on such evidence. Advertised prices for cars are widely understood to be a starting point for negotiation, rather than a fixed price. And the information provided is often insufficient to ensure a like-for-like comparison of age, condition and mileage
The private sale price (which is in Parkers and a few other guides but not Glass) is really a good price to use as it is between the 2 prices of trade and retail to reflect these aspectsAll posts made are simply my own opinions and are neither professional advice nor the opinions of my employers
No Advertising or Links in Signatures by Site Rules - MSE Forum Team 20 -
thanks everyone, will try and get some quotes on the weekend to see whether it really is a write off. Judging by the fact theres damage to front and back, i'd guess it may be.
Just really annoyed that people are dishonest enough to drive off. Its not as if they didn't notice, I reckon theres as much damage to their car as much as mine. Just that it wasn't my fault.....0
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