Car crash when trading car in

karenx

Hiya
Needing a bit of advice

I am meant to be trading my car in for a new one

Today someone reversed into the back of me. There wasnt too much damage so I suggested I go back to the dealer and get a price of what the car will be now and she pay the difference in cash. I was only getting £600 for it before the damage.
She refused and said no way was any cash exchanging.

I then went to the dealer and they assesed the damage and said insurance would write it off. But if I traded it in they would only give me £100 for it, basically scrap metal value.

The girl wants to go through insurance but this could take some time. But I pick my new car up on friday so for her to go through insurance it means I will have to keep the car plus insurance for it. As I was swapping insurance over but this will mean I have to take out a new policy for my new car and have 2 running. And then wait on them assessing old car and getting the cheque through etc. This could take some time in which I will be paying out for 2 policys and then to cancel one it will cost me. So I probably wont be any better off this way

I told some people about this and someone has offered me £400 cash for the car as they can repair it easily. Which is good for me as I can then hand that over to the dealer instead of the car. But Im then £200 short that I will have to use my own money for. This is why I suggested to her instead of going through her insurance to fix my car if she pays the difference as the car was going on froday anyway. This way it would cost her £200. There was a small scratch on hers so it would save her losing NCB and the risk of higher insurance next year with a claim on her policy.

What do you suggest I do?

I get my new car friday morning and either way I need to provide £600 as finance has already been sorted. This £600 was my trade in. Help me please!

Thanks

photome

Will the dealer lower the price by £200, withouit the trade in and then you sell yours for £400,

not sure if thats how it works though

bungle4by4

tell the dealer you will have to let the car go as your trade in has been in an accident and you dont have 600 quid to hand.

let the dealer squirm for a day and see what they offer you. put the ball in there court. but you will need to be serious and hold your nerve.

Quentin

You can claim straight off the third party's insurer. Assuming no dispute over liability this shouldn't take too long to settle. Start the ball rolling ASAP.

pompeyfaith

I suggested I go back to the dealer and get a price of what the car will be now and she pay the difference in cash. I was only getting £600 for it before the damage.

Wrong move never ever suggest anything just hope that she does not inform the insurers you said this.

karenx

bungle4by4 wrote: »

tell the dealer you will have to let the car go as your trade in has been in an accident and you dont have 600 quid to hand.

let the dealer squirm for a day and see what they offer you. put the ball in there court. but you will need to be serious and hold your nerve.

They have already discounted the car for me. They will only take £100 for mine as it is and that was the general manager who said that.

Quentin- i know it can be quick but I have till friday to give over the money or car so it definatly wont be done by then. And plus I cannot insure 2 cars as I will have to keep a policy going on the old one as well as the new one

bungle4by4

trust me, theres more discount in the car

mikey72

pompeyfaith wrote: »

Wrong move never ever suggest anything just hope that she does not inform the insurers you said this.

Why?
Will the insurance police come round?

If the selling for £400, and making up the £200 works, it seems a workable deal. (Assuming the insurance police don't catch you)

Biglad_3

The car your buying is it the last of this particular model on earth? If not then tell the dealer you are pulling out until you get this accident sorted ! Once it is go and find another car.

Under no circumstances would I use my own money to make up the shortfall, nor would I let the person that caused the accident off with it !

karenx

Biglad wrote: »

The car your buying is it the last of this particular model on earth? If not then tell the dealer you are pulling out until you get this accident sorted ! Once it is go and find another car.

Under no circumstances would I use my own money to make up the shortfall, nor would I let the person that caused the accident off with it !

No its not the last but it has taken me 6 months to find the right one from the main dealer of the colour and spec I want in the right price bracket. Its not a cheap car either. So I cant pull out. I have already paid a non refundable deposit. So if I pull out I am going to lose alot of money and then be stuck with no car if it all goes through insurance and writes the car off.

NeverAgain_2

An idea.

Contact the third party insurers and tell them your consequential loss from this accident could be considerable, loss of deposit, finance charges, insurance charges, hire charges, costs associated with finding a similar car to buy - stress how rare that model and spec is.

Go on to say you would far rather avoid all those costs by going through with the deal.

But to do that, they will need to settle with you quickly.

To avoid any suggestion you are scamming them, you could ask them to pay your supplying dealer direct.