Why dosnt fully comp mean fully comp?

JFC_2

http://209.85.229.132/search?q=cache:zuBFVRwtA_8J:www.findvauxhall.co.uk/usedcars/results.php%3Fdescription%3D%26make%3DVAUXHALL%26mileage%3Dany%26model%3DCorsa%26price%3Dany%26year%3D2007+vauxhall+corsa+2007+1.2+life+a/c+new+model&hl=en&ct=clnk&cd=4&gl=uk

There are some reasonable priced corsas on this list but they have all done far more mileage than my sons car. When we purchased it there was 4000 on the clock, which then increased to 11,000 in the time my son had it.

dacouch

You can take gap cover out on second hand cars, do not buy it from the dealer or finance company as they are very very expensive and then they add it to your finance so you end up paying nearly twice what the premium was. Just shop around on the internet. The best type of Gap cover is "Back to Invoice"

I read somewhere recently that Vauxhall are slashing new car prices by 40% if they do this he may be able to afford a new one or after a few weeks the prices of used vauxhall wills also drop. I'll try and find the article for you.

Try https://www.autotrader.co.uk

JFC_2

dacouch wrote: »

You can take gap cover out on second hand cars, do not buy it from the dealer or finance company as they are very very expensive and then they add it to your finance so you end up paying nearly twice what the premium was. Just shop around on the internet. The best type of Gap cover is "Back to Invoice"

I read somewhere recently that Vauxhall are slashing new car prices by 40% if they do this he may be able to afford a new one or after a few weeks the prices of used vauxhall wills also drop. I'll try and find the article for you.

Try www.autotrader.co.uk

Thanks very much, I really appreciate all the help and advice. I will show my son this link, you have turned my gloomy day round, I am starting to think he will be able to get a decent car with his money. Luckily it was all paid for in full with cash and no finance was used so he will be able to offer cash for his next car. I will help him if its a small difference in cost.

thanks again

dacouch

Its a good time to buy used cars at the moment as the market is depressed and in addition they have the trade ins from the new reg vehicles.

You can take out gap cover for cash purchases as well

JFC_2

Thanks....this was the letter I sent after the first offer btw...(Removed anything that gives away names etc)



For the Urgent attention of ******* - Claims Validation Unit Negotiator – ****** insurance

Address here


3rd February 2009

Dear **************

Thank you for your recent letter with regard to my ongoing insurance claim:

REF: Insurance claim: *******( Vauxhall Corsa life 1.2i A/C New reg here)

I would like to confirm that I am rejecting this offer of £.5433, £4833 after the deduction of £600 excess for the following reasons:-

The cost of the vehicle just 4 months ago cost me £7,149.22, this was with a discounted rate via CSMA online. It would have cost considerably more had I not purchased this using my maternal,grandmothers (Mrs ******) CSMA membership. I have included her bank statement showing the payments made to Auto Lease Ltd on 4th September (£100 deposit) and again on 10th September (£7169.22 balance)

I have included with this letter, a list of cars with higher mileage than my car had/has. My cars mileage was just 4695 at the time of purchase. They all cost in the region of between £6000 and £7295.

My car also had air conditioning and was the newer design model.

Therefore In order for me to purchase a car identical to my current vehicle, I would need to receive an offer in the region of £7000. I understand the amount received would then be reduced by the excess of £600 as per the insurance agreement. Therefore I think a fair price for me to receive for my claim would be £6300.

A copy of the price list and my grandmother’s bank statement showing the payment(s) made for my car follow.

I look forward to hearing from you.

Yours sincerely



sons name here
NB: I will be sending you my log book documentation via special delivery as soon as an offer is agreed.



this resulted in a slightly improved offer of £5600 (£5000 after excess is deducted)

Anyway...it sounds a lot more promising with the additional information you have given me...thanks
x

dacouch

What you have to remember JFC is that the when the Insurers pay out the claim they pay it based on the value of the car the second before the claim. You mention earlier that you bought the car with 4000 miles and it had 11000 on when the accident happened. The Insurers would have based their valuation on the mileage as being 11000 and not the 4000.

Their other arguement willl be the cars on the site you have submitted shows car being offered for sale at price X but they are likely to actually be sold at a lower price.

I think they were a few hundred out on your valuation, so if you could have been bothered to push for more you might have got a little bit more

shelly

My Dad bought Return to Invoice GAP insurance on his car last October and after putting in a claim in November when the car was written off he ended up worse off.

Long story short he didn't get a penny from the GAP ins co because they valued it at time of accident to be worth more than Dad paid for it. We were going to appeal with evidence that cars on Autotrader weren't worth as much as they said my Dads was but their terms for accepting this evidence is so tight we didn't stand a chance.

If you have to have the GAP insurance buy it online. My Dad paid £300 for his from the place he bought the car from, he could have got the same policy online for £100.

hollie.weimeraner

We used these recently http://www.ala.co.uk/?utm_source=newsletter&utm_medium=email&utm_campaign=Mind%20The%20Gap don't know how good they are as we haven't had to claim:rolleyes:

ebyard

Sorry to state the obvious, but:

Since he's a new driver, unless he's got stacks of cash to spare (if so, send some my way) then get an older car to build up your no claims bonus AND experience behind the wheel.

A shiny new car is great but when it goes wrong, your insurance will skyrocket and you'll be left out of pocket. I'm not saying buy a banger, but cars made in the last 10 years are generally well made. Something with ~60k on the clock should do.

I know someone who passed his test at 18, bought an Impreza (his dad was loaded) and promptly stuck it in a tree, and himself in an early grave. Too good a car in too poor a pair of hands. RIP.

1984ReturnsForReal_2

ebyard wrote: »

Sorry to state the obvious, but:

I know someone who passed his test at 18, bought an Impreza (his dad was loaded) and promptly stuck it in a tree, and himself in an early grave. Too good a car in too poor a pair of hands. RIP.

I appreciate the sentiment but a Vauxhall 1.2 Corsa Life is hardly a Cosworth...