Debt Relief Order

Cars

Valuations of cars, taking into consideration their age, mileage and condition,
can be obtained using the online Parker’s Guide website. Please navigate to
this site via the following link:
http://www.parkers.co.uk/cars/prices/

Please note that you should take the debtor’s description as to the condition of
the vehicle when deciding which value to use from the guide e.g. Private
Good or Private Poor.

This website should be used to verify the debtor’s valuation of their car prior to
entering the value of the vehicle on the application form.
It should be noted that the Parkers website only provides free valuations for
cars registered from 2003 onwards. Therefore, in the case of older cars, an
intermediary is permitted to accept the debtor’s own valuation for the
purposes of the application. However, the debtor should be made aware that
the Official Receiver may make enquires as to how the valuation was arrived
at, and if the Official Receiver determines that a deliberate undervaluing has
taken place this may result in the revocation of the DRO and criminal or civil
sanctions.