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i sold a 2 owner fiesta 45,ooo mile L reg just before xmas for £695 i thought it was worth more to be honest and as such i think this car is worth more than a derisery £495 as this will just buy scrap but with an mot.
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Definately negotiate and If poss fax details of similar spec fiestas going for higher price and use this as leveradge. All my car purchases have been large sallons so canot advise on this aspect but definately buy privately.
Paul
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Thanks for all the help up to now.
I did have a look around and search through the forum for previous topics on this matter but was looking for advice more specific to my situation, hence why I started a new topic.
I think I know how I'm going to take on the insurance matter but not sure on what to buy to replace my old car now...
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Dude,
Last year my car got written off. Insurance sent cheque for 1,800 quid. I had full service history, every invoice, and got valuation from Glass's guide on the web (which I posted to them). A week later, I got a cheque for an extra £1,100. Shocking!
Plus, most of my stuff from the boot had been stolen by the salvage yard, so I managed to get another £350 to cover the contents of my boot.
Good Luck!
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I did have a look around and search through the forum ....
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loopyjen - in case anyone thought i was suggesting otherwise, imo you did the right thing to start this thread. my first post was meant to direct you to other threads where the subject of valuation has been covered by me with references to an authoritative source on how to value write-offs.
it is not clear to me whose insurance comapany has made hte offer - your own or the other party's. regardless, you should get a fair market value for your car. but in addition if the third party has admitted liability, you should claim for and expect to get compensation for other items that have cost you or inconvenienced you (not forgetting the impact on your no-claim bonus and excess ).
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(not forgetting the impact on your no-claim bonus and excess ).
With a successful claim against the third party, there shouldn't be any impact as the excess should be paid and the claim is against the third party RTA cover of the other driver, not against the driver's own insurance, i.e., no loss of excess should equal no loss of no claims.
I agree with everything else said - you have the right to be put back in the position that you were in, subject to your mitigating your losses. This means that you need to be able to buy an equivalent car with the compensation, in the market where you would usually shop for a car (dealer, privately, auction, etc.), subject to any betterment (e.g., small problems fixed, warranty, driving a newer car with the same mileage, etc.) Argue that because you're entitled to it and you have nothing to lose by holding out for a reasonable offer (and nothing to gain by holding out for an excessive one, obviously).
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With a successful claim against the third party, there shouldn't be any impact
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davidhm - i think you are reinforcing just what i said ( i used "not forgetting" as a means of reminding loopyjen).
unless the excess is recovered from the third party, one's own comprehensive policy will deduct the excess; ( and in any case will put you on record as having had a claim. )
most insurance companies have a "legal cover" option - a service which is then used to recover non-insured losses (such as the excess plus other damages) from the third party.
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As the car has been written off and not repaired I have not had to pay any excess which is a good thing as it stands at £400 with me only being 21 and opting for a voluntary excess of £150 on top of the required excess because I'm a "young" driver. As far as my no claims stands the insurance company have said that as long as they make a full recovery from the otherside's insurance then my no claims should remain in force. I'm hoping so as I've currently got 3 years and have worked hard to keep those.
I'm going to take on the insurance as soon as I get the offer letter through the post and am hoping to hold out for as much as I can get.
Been out looking at cars today. Have decided that rather than put myself out of pocket by spending everything I have on a new car I'll be better off buying a cheaper car, about £1000 i'm hoping, and then I still have money to spend on tax, servicing and anything else.
Am considering a Seat Ibiza 1.4 CLS on a N plate that I have seen today... its priced at £1195 but I have no doubt I can get it for less than £1000 which leaves me with enough for insurance.
On another point... Can any of you advise me as to what happens with my insurance now? The policy on my fiesta was fully paid for until August and therefore I still have 8 months left on it but from what people have said I'm going to lose that money because the policy will be cancelled now the car is a write off. Is this right? I thought I'd just be able to phone the insurance company and say "by the way I've bought a new car, its a whatever it is and i'd like to transfer the policy to this car". Is this not the case? Will I lose my 8 months of money and do I need to just start a new policy for the new car I buy?
Once again, I'm really grateful for all the help!
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The policy on my fiesta was fully paid for until August and therefore I still have 8 months left on it but from what people have said I'm going to lose that money because the policy will be cancelled now the car is a write off. Is this right?
Check with your insurance company or read your policy documents. It may be right. It may equally be that if you claim from them, you will lose the policy but not if you claim from the other party's insurers. Equally you may just be allowed to carry on the old policy with the new car.
Finally you may be entitled to claim the lost premium, if any, as an unisured loss in addition to your excess, etc. from the other party.
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this is a new one on me,i would just give them the details of the new car and expect them to insure it for another 8 months the only reason there should be a charge is for a car change and a band change if different,ive never heard of insurance being null and voided before and would say" it must be a right 2 bit policy if this is so"
Seat is a good car if it has power steering and ideally 1400cc the brake pipes will all be coming up for renewal on this age so be warned buy with a long mot and budget for it at next mot,make sure you give it at least an oil and filter change when purchased as well
............good luck
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I have certainly heard of this, and, on numerous occasions, have been at the wrong end of this clause.
Logic, I guess, is that the insurance policy relates to the car, and once the insurance company has paid you off for the car, then it would be unfair to expose them to further risk by asking them to insure another vehicle.
This "loss" (of x months insurance cover value) can easily be claimed back from the other guy.
Good luck!
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thanks for that Drs i suppose all the years on a motor traders policy has left me behind,but the last claim i made (not my fault) i never had a bad moment with my insurer,however i always insist on insurance claim protection(not protected ncb by the way ) or whatever it is called so that maybe helped?
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A "no claims bonus" and "claim protection" as you point out are not the same. A NCB isn't really what it sounds. If you have an accident, even if it is in no way your fault, you still have to declare it and this will effect your premium. A "claim protection" presumably protects you against this.
As I have found out this week, involvement in any sort of accident will load your premium even if it is obviously and entirely not your fault. It's not fair but that's the way it is.
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I was in a similar situation some years ago where the insurance company of the lady that hit me offered a low price on my elderly car that had been lovingly looked after for 16 years. I took them to the small claims court for the value I wanted. It worked. I guess they did not consider it worth fighting for the small extra amount involved.
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