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Car valuation
truescot
Posts: 197 Forumite
Just bought a second hand car for £6994 (competitive price), but the valuation on MSEs Compare+ tool is £3640.The lower estimate massively reduces the premiums, and there is a note saying insurers will only payout the trade valuation. Should I just go with the estimate on the tool?
Skint: (adjective) The tendency to turn off the grill when turning the bacon.
Think skint - it makes things simpler
Think skint - it makes things simpler
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Comments
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Look on autotrader for similar vehicles and put that down as the market value, else if the car is written off you're going to be rather short changed.4.29kWp Solar system, 45/55 South/West split in cloudy rainy Cumbria.1
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Go with similar examples..
Just did quotes for insurance on mine and one day it was worth 10400 the next 8300 on the comparison sites
Can't Imagine it dropped 2k overnight.0 -
Would you be happy with a £3,640 less your excess payout for the car? If no then its not a sensible limit to put on the car... not that declaring a higher value guarantees you'll get any more but setting a low limit will create a cap with some insurerstruescot said:Just bought a second hand car for £6994 (competitive price), but the valuation on MSEs Compare+ tool is £3640.The lower estimate massively reduces the premiums, and there is a note saying insurers will only payout the trade valuation. Should I just go with the estimate on the tool?0
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