Ex-lease Vectra, £5.5k

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Wed 19 May 2004 21:22
Ex-lease Vectra, £5.5k - Ben79
My uncle has been offered his brother in laws ex-lease Vectra 1.8 SRI saloon at 26k miles for around £5,500 in a month or 2 time.

He wants to know what I think of this, I am not sure what the Vectra is really like. The Car-by-car makes a Citroen look reliable.

It looks like regular cam belt changes, engine problems and rust could be the weak points.

He has a 1997 Suzuki Vitara at present which is beginning to show its age, I guess it may be better to run the Suzuki into the ground and get a proper car, or even a newer Suzuki with the Citroen engine.

Any thoughts?
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Wed 19 May 2004 21:29
Ex-lease Vectra, £5.5k - BobbyG
Year?
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Wed 19 May 2004 21:31
Ex-lease Vectra, £5.5k - Vansboy
Not sure how old the car you\'ve been offered is, or precise model/spec.BUT.... 01 Y 1.8 130\'s average £4850 at 54,000miles, in Auctionview, to our left link, currently.So mileage adjusted probably OK price.

If he wants one, of course!!

VB
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Sat 22 May 2004 00:48
Ex-lease Vectra, £5.5k - Ben79
Oops, silly me, its a "51".

I've printed the C-B-C and sent it to him, I doubt he will take it given the years of 100% reliability his Suzuki has given him.
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Sat 22 May 2004 00:52
Ex-lease Vectra, £5.5k - AdrianM
My wifes Vectra SRi 140, T reg, 38K miles was written off last week. Ins Co have offered £5195 to replace it - guess I should bite their hand off!!
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Sat 22 May 2004 12:55
Ex-lease Vectra, £5.5k - Dalglish
adrian m:

refer to

www.honestjohn.co.uk/forum/post/index.htm?v=e&t=21...2

valuation of writtenoff cars

www.theiob.org.uk/digest/v/valuation_of_motor_vehi...l

"Usually the policy provides for payment of the ' market value' of the vehicle (or words to that effect). How do we establish that? So far as the Bureau is concerned, two points are now clear. First, that market value is not the second-hand value of the car (unless the policyholder was in fact intending to sell it before it was stolen or written off) but what a replacement of similar age, condition and so on would cost. Second, [See: VALUATION OF MOTOR VEHICLES para 2] there are different markets. The appropriate one is not, as insurers often assume, the market for private sale and purchase of vehicles, through newspaper ads and the like, unless there is evidence to suggest that that is the market in which the policyholder intends to buy a replacement. As a general rule, the appropriate market will be the public one, so the policyholder gets what it would cost to replace the vehicle through a motor dealer. How do we find out what that would be? All relevant evidence has to be considered, but in particular we have to rely on standard trade guides! "

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