Car value £1000 questions

fatbelly

MovingForwards said:

Read the link:
https://www.citizensadvice.org.uk/debt-and-money/debt-solutions/debt-relief-orders/debt-relief-orders-explained/debt-relief-orders-what-you-need-to-know/ 

I'm happier with National Debtline info

https://www.nationaldebtline.org/fact-sheet-library/debt-relief-orders-ew/


CAB have a line about 'You can only exclude 1 vehicle from your assets and you can't exclude it if you only use it for work.' Both of those statements are misleading if not completely incorrect.

Edit: Actually the line before isn't right either. They say 'If your vehicle is worth more than £2,000, you don't have to include it in your assets if it's been adapted because you have a disability.' . Guidance says: 'Any vehicles that have been adapted for disabled people should be declared as an asset. If this applies, approved intermediaries should tell us at the time they submit the application. They can add this in the ‘any other relevant information’ section or email the DRO team.'

danjackson2021

It’s so confusing 

we do need the car for work but it’s not for disability 

it is worth about £2000 but how do we prove it?

fatbelly

danjackson2021 said:

It’s so confusing 

we do need the car for work but it’s not for disability 

it is worth about £2000 but how do we prove it?

Parkers Guide

danjackson2021

fatbelly said:

danjackson2021 said:

It’s so confusing 

we do need the car for work but it’s not for disability 

it is worth about £2000 but how do we prove it?

Parkers Guide

Yes these used car guides usually have three brackets, but how do you prove you are the cheapest bracket?

danjackson2021

Could a car still have mot and be road legal in the scrap value bracket?

the answer is yes but repair costs may be more than scrapping it and buying a new car but there is no lawful obligation to do so?

fatbelly

danjackson2021 said:

fatbelly said:

danjackson2021 said:

It’s so confusing 

we do need the car for work but it’s not for disability 

it is worth about £2000 but how do we prove it?

Parkers Guide

Yes these used car guides usually have three brackets, but how do you prove you are the cheapest bracket?

These days Parkers has a range. The OR is OK with the bottom end.

sourcrates

danjackson2021 said:

fatbelly said:

danjackson2021 said:

It’s so confusing 

we do need the car for work but it’s not for disability 

it is worth about £2000 but how do we prove it?

Parkers Guide

Yes these used car guides usually have three brackets, but how do you prove you are the cheapest bracket?

Your not required to provide any proof, you just go with the lowest figure as standard.