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!

Accident is costing me £3k

1356

Comments

  • neilmcl wrote: »
    So the only thing you've really lost at this point is the ability to advertise the car at the dealer at your initially agreed asking price. You haven't actually lost £3K then, have you.

    when I sell it - if I do it honesty - yes.

    and I was selling it before the accident.. sigh!
  • fivetide
    fivetide Posts: 3,811 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    neilmcl wrote: »
    So the only thing you've really lost at this point is the ability to advertise the car at the dealer at your initially agreed asking price. You haven't actually lost £3K then, have you.

    My thought too.

    If it can go on a forecourt at 9k then you wouldn't get that as a trade in anyway, maybe 7k if you are lucky.

    You seem to be placing a lot of faith in the valuation by a Seat dealer who has an interest in getting the car off you for as little as possible.

    If you want the most money for it, sell it private. Alternatively, try another dealer as a trade in. I don't think you'll get near 9k anywhere if that's what they are selling for. As said, you haven't lost 3k at all.
    What if there was no such thing as a rhetorical question?
  • Quentin
    Quentin Posts: 40,405 Forumite
    edited 30 November 2012 at 11:27AM
    The "asking price" is irrelevant.

    How has its market value dropped £3000 since your repairs?
  • going on a jig doesnt mean the chassis had it. more likely the front support legs got hit (front impact) and the crossmember and front valance frame pulled those legs in on eachother, its common practice to put the jig on these to pull them back out straight for the other componants to fit on correctly, http://www.youtube.com/watch?v=zJN24_KHK5s&NR=1&feature=endscreen like this.
  • colino
    colino Posts: 5,059 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You don't have a claim. Hypothetical values from someone trying to sell your car on commission just don't come into it. You say it was up for £9k, then why didn't it sell then?
    You've been the aggrieved party in an accident, got your repaired car back and that, unfortunately is where it stops.
  • andygb
    andygb Posts: 14,655 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I wonder if the OP may be able to furnish us with some more details about the car - Seat - model, specification, mileage, colour, and of course year registered, so that we may get an idea of the true market value of the car.
  • fivetide
    fivetide Posts: 3,811 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    andygb wrote: »
    I wonder if the OP may be able to furnish us with some more details about the car - Seat - model, specification, mileage, colour, and of course year registered, so that we may get an idea of the true market value of the car.

    Excellent point well made. Forgetting the Seat garage for a minute, what are similar cars actually selling for?

    I could place a value of 500k on my car but in reality, someone is only ever going to be willing to pay a few grand for it. 9k might have been over the top in the first place, a bit like an estate agent saying they can get a higher price for your property to get your business before allowing a buyer to haggle down to a more realistic figure.
    What if there was no such thing as a rhetorical question?
  • andygb wrote: »
    I wonder if the OP may be able to furnish us with some more details about the car - Seat - model, specification, mileage, colour, and of course year registered, so that we may get an idea of the true market value of the car.

    I'm going off Glasses Guide and CAP - for the figures.

    I'm not making these numbers up, but am dealing with a garage that now has a lower price for my car - because it *has* been in an accident - whether it's repaired or not.

    would anyone buy a repaired car for the same price as a mint one?

    So from CAP:-
    8,950 retail, part ex is 7,275 - 6,175 depending on mileage etc. Mine is low mileage and was good condition - so 7,275 part ex

    Now the retail is £6k - as told to me by this garage and the Seat dealership - not that the Seat dealer will take it, even on part ex.

    How is this not losing money? I was going to sell it before the accident and buy a bigger family car. Now the value is less, this might be off.

    :S
  • colino wrote: »
    You don't have a claim. Hypothetical values from someone trying to sell your car on commission just don't come into it. You say it was up for £9k, then why didn't it sell then?
    You've been the aggrieved party in an accident, got your repaired car back and that, unfortunately is where it stops.

    Car values are from CAP and are actual. I'm actually losing money on this as a result of someone else's fault.

    The car I get back should be worth the same as before the accident - and it isn't. It's that simple.

    Why should I put up with that?

    :think:
  • Quentin wrote: »
    The "asking price" is irrelevant.

    How has its market value dropped £3000 since your repairs?

    because it's been in an accident that requires structural changes to the car.

    you've welcome to buy it from me at 9k then :)

    somehow I doubt you will.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.1K Banking & Borrowing
  • 253.5K Reduce Debt & Boost Income
  • 454.2K Spending & Discounts
  • 245.1K Work, Benefits & Business
  • 600.7K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 258.9K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.2K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.