We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Car crash when trading car in
Comments
-
pompeyfaith wrote: »Wrong move never ever suggest anything just hope that she does not inform the insurers you said this.
Why?
.........The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0 -
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
You can cancel the policy for the part-exchange and keep it off the road.The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0 -
bungle4by4 wrote: »trust me, theres more discount in the car
And how do you know that?The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0 -
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,
Why not?nor would I let the person that caused the accident off with it !
I don't think Karen has any intention to let them off with it.The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0 -
NeverAgain wrote: »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.
Consequential losses of this type are not covered on third party insurance. It would be too difficult to quantify and accept as a true loss of the collision. That would be up to the OP's insurers to cover and they would then pursue the the other party insurers for subrogated losses. If the insurers do not accept a claim for consequential losses, the only alternative is to sue the other party through the small claims court.The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0 -
Karenx, my opinion, such that it is, would be to sell the car to the people who have offered you four hundred pounds and dip your hand into your pocket for the remaining two hundred. The claim will be settled fairly shortly and you should have your money, within two or three weeks at the most (sometimes even quicker, if you do exactly as the insurance company asks). There is one sticky fly in the ointment though. The insurance company may wish to retain the vehicle, at which point you will need to negotiate a purchase price with them.
As far as the other party is concerned.....is she crazy? You have just offered her the opportunity to save herself hundreds of pounds and she has turned you down.....they do say, "there is nowt strange as folk."The greater danger, for most of us, lies not in setting our aim too high and falling short; but in setting our aim too low and achieving our mark0 -
...Consequential losses of this type are not covered on third party insurance...
Accident 'victims' claim car hire costs off the other insurers don't they?
Whichever way you look at it, a quick settlement could save the other insurers money.
If the OP could get them to accept that, they may play ball.
Of course, denying liability and not paying a penny would be cheaper still.0 -
And how do you know that?
LearnWhy not?
I don't think Karen has any intention to let them off with it.
toConsequential losses of this type are not covered on third party insurance. It would be too difficult to quantify and accept as a true snipped....
use multiquote0 -
This is the correct answer, as you have a duty to mitigate your losses - however, you need to get this agreed through insurance first.Karenx, my opinion, such that it is, would be to sell the car to the people who have offered you four hundred pounds and dip your hand into your pocket for the remaining two hundred. The claim will be settled fairly shortly and you should have your money, within two or three weeks at the most (sometimes even quicker, if you do exactly as the insurance company asks). There is one sticky fly in the ointment though. The insurance company may wish to retain the vehicle, at which point you will need to negotiate a purchase price with them.
As far as the other party is concerned.....is she crazy? You have just offered her the opportunity to save herself hundreds of pounds and she has turned you down.....they do say, "there is nowt strange as folk."Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
You can claim straight off the third party's insurer.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.8K Banking & Borrowing
- 254.5K Reduce Debt & Boost Income
- 455.6K Spending & Discounts
- 247.6K Work, Benefits & Business
- 604.5K Mortgages, Homes & Bills
- 178.6K Life & Family
- 262.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards