trade in car involved in crash

thebullsback

HI All, a relative of mine has today been involved in a car accident in a car that she was due to trade in as part of a new car deal next week.
Accident was her fault .
She had been offered £1100 trade in off new car.
What happens now please???

forgotmyname

Depends on how bad it is.

She claims from her insurance and waits for it to be repaired before part exchanging. Or she takes the car as is to the dealership and see what they offer for it now.

Or several other options but again all depending on what state the car is in?

debtdebt

She no longer has a car to trade in.

Depends what she wants to do. Personally, I'd wait for the insurance to either repair the car and trade it in then. Alternatively, if its gets written off, hope that she gets £1100.

panika

I would wait, what her insurance will offer.
Probably she can get more then £1100. She can check on Autotrader how much are worth car like her with similar age and milage and negotiate with insurer.
I am not sure if she has signed anything with trader who was going to take this car and what is the best way to deal with this.

loskie

it will not take a lot to make a car worth 1100 to be a write off. That would be the best case scenario.

Robisere

1 - What make/model/year is the crashed trade-in?
2 - What make/model/year is the car she was wishing to buy?

I can't see a better option than waiting for the insurance offer, but (dependent upon 1 above) it may not be as much as hoped - for.

HogMan

A few days before I was due to pick up my new car I broke one of the wing mirrors off clipping a wall. I taped it up and took it to the dealership on the appointed day.

When I confessed what I had done to the dealer he wasn't bothered in the slightest. It had no impact on the deal.

BeenThroughItAll

HogMan wrote: »

A few days before I was due to pick up my new car I broke one of the wing mirrors off clipping a wall. I taped it up and took it to the dealership on the appointed day.

When I confessed what I had done to the dealer he wasn't bothered in the slightest. It had no impact on the deal.

Do you not think it might have been a different story if you'd written the thing off rather than just knocking a mirror off.

unholyangel

I don't see how the trade in value can't be used as the cars value.

Usually you need to muck around getting values of other similar cars because there is no definitive value attached to yours and its not possible to retrospectively get one after its written off (you can get one for similar cars, but not your exact car in the condition it was in prior to the accident).

But in this case, there seems to be a proven market value. Worst case scenario, they can appeal via the financial ombudsman.

caprikid1

unholyangel wrote: »

I don't see how the trade in value can't be used as the cars value.

Usually you need to muck around getting values of other similar cars because there is no definitive value attached to yours and its not possible to retrospectively get one after its written off (you can get one for similar cars, but not your exact car in the condition it was in prior to the accident).

But in this case, there seems to be a proven market value. Worst case scenario, they can appeal via the financial ombudsman.

Of course it may not be the cars value. The trade in is part of a deal not a standalone transaction. Get a huge discount of the cat you are buying then get a poor trade in value.

If you want a realistic value for a car look at ebay sold prices , that is as good as you get Un my opinion.

I've known dealers offer far more as a straight purchase for a car than a trade in. So what was the value ?

AdrianC

unholyangel wrote: »

I don't see how the trade in value can't be used as the cars value.

Usually you need to muck around getting values of other similar cars because there is no definitive value attached to yours and its not possible to retrospectively get one after its written off (you can get one for similar cars, but not your exact car in the condition it was in prior to the accident).

But in this case, there seems to be a proven market value. Worst case scenario, they can appeal via the financial ombudsman.

<nods>

Phone insurance. Explain situation. Agree write-off for £1,100. Phone dealer. Explain that it'll be another £1,100 cash instead of PX.

Job jobbed.