Getting best payout for write off

drdog_2

My insurnace company has written of my car, but valued it at several hundered pounds less than any similar car I can find on Autotrader/Ebay within a reasonable distance.

Can anyone give advice on what I can do to ensure that I loose out as little as possible?

dacouch

drdog wrote: »

My insurnace company has written of my car, but valued it at several hundered pounds less than any similar car I can find on Autotrader/Ebay within a reasonable distance.

Can anyone give advice on what I can do to ensure that I loose out as little as possible?

Adverts on Autotrader etc are regarded as the price the seller is willing to start negotiating from.

Have a read of this for an explanation and guidance http://www.financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html

vaio

dacouch wrote: »

Adverts on Autotrader etc are regarded as the price the seller is willing to start negotiating from.

Have a read of this for an explanation and guidance http://www.financial-ombudsman.org.uk/publications/technical_notes/motor-valuation.html

Yep, the FOS view as stated in the link is the guides (capps, glasses & parkers) are more persuasive then Autotrader adverts

remember you should get the retail/dealer figure which should be enough to go buy a replacement from a dealer.

drdog_2

Which is more accurate - Glass's or Parkers. Putting in the same date to both and adjusting for milage gives significantly different valuations.

I note Parkers offers independant and franchised dealer prices, while Glass's only suggests "Dealer price" - which should I quote to my insurance company?

dacouch

It explains what to do if you get differing values from the guides in the link from the Ombudsman.