dro and my bike. help please

mandyl

hi
thankyou everyone for all your help yesterday.
I will shortly be applying for debt relief order. i qualify , phew.
I have a scooter that the dealer i purchased it at originally valued it at £800 tops.
so according to rules id be ok keeping it. its my lifeline and helps get me out and helps with the depression etc.
its an 06 plate but not in great nick and has done 40.000 miles .
I looked on parkers but can only find 53 plates at £1300 ,er no way is mine worth that much.
can anyone help? now worrying again
thankyou mandy

mandyl

can anyone help? please

Tixy

Hi
Do you mean that you only paid £800 for it when you bought it? or that the dealer recently valued it at £800 for you?

I'm not sure how vehicles are valued by the OR for a DRO - might be worth asking on the DRO thread - to see if you can use a written third party valuation rather than the parkers valuation. This is a link to the thread and also a post which may help http://forums.moneysavingexpert.com/showpost.php?p=31300047&postcount=948

I thought parkers listed all reg's - do you know why your 53 plate is not on there? is it an import perhaps?

mandyl

hi tixy,
it was £4000 when new. its now 4yrs old and dealer valued it today at £750. for a dro your allowed to keep a vehicle valued under £1000. does that make more sense?
thanks mandy
parkers only seem to have up to 53 plates and mine is an 06