Book value?!

peterq2 · 23 May 2006 at 5:46PM

How do I go about finding the book value of a peugeot 807 (2.2cc HDI) in February this year?

My insurance company is basically trying to shaft me for quite a bit of money and wont pay out a fair price for my stolen vehicle. (they offered £13000) My car was only 13 months old and was immaculate

Any advice gratefully received.

Astaroth · 23 May 2006 at 6:04PM

The glasses guide is the industry standard but it doesnt do everything that is needed..... the main missing part is for any pre-existing damage. Generally speaking they will work out how much it will cost to repair the damage in a garage and then deduct somewhere between 50% and 75% from it.

In addition there are other variables like regional differences - a diesel vehicle in north wales is worth more than the same vehicle in London for example.

horizon · 23 May 2006 at 6:12PM

For free use of Glass's guide go to :-

https://www.vauxhall.co.uk/

and click on owners then value your car, enter the details, mileage etc, and it gives the trade in value of your car.

Cheers
Horizon

peterq2 · 23 May 2006 at 6:14PM

Thanks m8, anywhere I would be able to view that "glasses guide" online or is it just for insurance co eyes only?

My vehicle was stolen and written off, it had no pre existing damage and was as I said immaculate so I am so not happy about accepting such a low offer (I still owe quite a bit to the finance even if I accept their paultry offer) I am sick over this, I am being penalised twice - first by the thieving scum who stole my vehicle and second by the insurer!

peterq2 · 23 May 2006 at 6:15PM

thanks m8 will try that site now

Astaroth · 23 May 2006 at 6:35PM

no, it is a normal book. It is silly money for its size but then it is mainly bought by insurance companies and car traders. Some companies do use other books such as the Parkers guide (you can use parkers online for free for most cars)

peterq2 · 23 May 2006 at 7:52PM

thanks guys, well now I am unsure of how to proceed, I went on the http://www.glass.co.uk/uk/en/ site linked from the vauxhall one above (thankyou) and paid £2.95 to have an actual valuation trade price, and was given "£15,800" trade price. I don't know whether to hold out for a better offer from my insurers or just take the £13000

so much stress!

Grrr my insurance company is more of a crook than the actual car thieves! And to top all this off I will now have lost my no claims and so when I can eventually afford a new car it will cost me a fortune PAH!

Anyhow, thanks again for the quick responses.

Astaroth · 23 May 2006 at 8:22PM

You need to make sure you are looking at the correct value - there will be a private sale value which is the one you are looking for. There will also be a forecourt value which is how much you would expect to pay if buying it second hand but this is when the car has had all the minor marks corrected and coming with a warrenty.

ArchieB_2 · 24 May 2006 at 1:15PM

They should put you back in the position you were in prior to the loss. Basically if you can prove that it is impossible to obtain a 13 month old version of your car for the price they offer then you should stick it out for a better offer. They may be offering you the trade price, but you cannot obtain a replacement vehicle at trade price so as Astaroth says - look for the private sale price.

peterq2 · 24 May 2006 at 4:46PM

Thanks M8s it looks like I may have to take it to the financial ombudsman service as my insurers are standing firm and are saying that is the final offer. I have requested it in writing so that I can pursue it further.

Astaroth · 24 May 2006 at 5:47PM

Have you looked in the likes of autotrader to see what the second hand price is for your vehicle? Most insurers ask you to send in adverts of 3-4 cars from the likes of it as proof that the valuation is incorrect - remember of cause though that the price in autotrader is how much they are asking for it rather than how much it will actually sell for.

Our engineers used to then phone the people claiming to be potential buyers to see if it had sold yet... if it had then ask how much they got for it.

Book value?!

Comments

Confirm your email address to Create Threads and Reply

🚀 Getting Started

Categories

Is this how you want to be seen?

Get our FREE Weekly email full of deals & guides - and it’s spam-free