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How can I obtain the salvage value of my car?

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  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Idomeneus wrote: »
    Yes, I half suspected that I was never going to get the salvage value unless I was prepared to break up the car myself and sell off all the usable parts individually!
    Sorry, I still don't think you understand what the salvage value actually is - or, rather, was.

    The insurance wrote your car off. They said the value was £1,800.
    You were given a choice.
    You could take £1,800 and never see the car again.
    Or you could take (£1,800 - £468) = £1,332 and keep the car.

    The salvage value is how much you were being asked to pay to buy the damaged car back from your insurer. No more, no less. It was no guarantee - or even suggestion - of any kind of future value. You decided that the damaged car was worth £468 to you, so you paid it back to the insurer, by deducting the amount from your payout.

    If the damage is just the tailgate and bumper, then it shouldn't be hard to find those cheaply used, and sell the car as being now repaired. Whether that would be a profitable move for you is another question, of course. A 150k mile 12yo Jazz is hardly a desirable vehicle, even without CatC history - albeit demonstrably minor.
  • demonted
    demonted Posts: 190 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    listing it on ebay is the best suggestion.

    If insurance has already deducted what they believe to be the salvage value (£468) I cant see it being worth much more.

    Searching for and watching vehicles similar to your own at the following Salvage Auction website may help you:

    https://auctions.car-transplants.co.uk/vehicle-list/?type=0
  • bigjl
    bigjl Posts: 6,457 Forumite
    edited 18 August 2016 at 3:09PM
    I would put it on eBay with a fresh MOT

    Fully declare the Cat C status, you would be surprised how much you will get for it on eBay.

    One week auction with a start of £100 and £500 reserve.

    Small autos are good news in London specifically.

    A second hand bumper and bootlid would have that car fixed for next nothing.

    Though at that end of the market reliability and service history are what sells, would make an excellent city runabout for somebody

    And if it passes its MOT every year and drives well it will find a home.
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