My car's been stolen (Quick! To the internets!)

I had a hire car once when my care was smashed up, the insurance deducted so much per mile for the wear and tear I was saving on my car, con merchants
 
Find evidence of purchasing a like for like car and send that back to the insurers. Its what I have done in the past when being given an offer.
 
Don't accept the first offer, have you tried looking for an equivalent car to get a guide price? I would imagine you will get an extra 10% out of them quite easily.
 
Never been through this before. How do I go about challenging their valuation? Is it as simple as finding car adverts and e-mailing them the links? How do I/they deal with the fact that cars are typically bought at below the advertised value?
 
Don't accept the offer.

Take a look on eBay, Pistonheads, autotrader and try and find the car as close to yours as possible, no matter how outlandishly it's priced and go from there.

a quick look on pistonheads without going into details on the options and stuff shows several matches at 5.5 - 6 (theres even one at 6.9 lol) Get on there and start nitpicking. How much are the extra's when the car is bought new? I'd be aiming for another £500+ tbh

Note down all the details of the cars try and get some references from local places too (forecourts always seem more expensive ;))
 
This is what I sent my insurance company regarding the E39 their first offer was £2,600 got the £3,500 in the end, start waving the compensation case around and they changed their mind very quickly


GJ53 PFU

Business audio
BMW Bluetooth phone preparation
Xenons
Climate control
BMW tow bar
Type 72 Alloys

All adverts as of 28th March 2013

As per the Financial Ombudsman advice we are compiling similar vehicles to gain a true market value for the car above

http://www.financial-ombudsman.org....ews/66/66-vehicle_valuation_disputes.html#cs1

Case 66/01 proof of value of vehicle case upheld by the Financial Ombudsman plus compensation for distress and inconvenience

http://www.financial-ombudsman.org....ews/66/66-vehicle_valuation_disputes.html#cs1

It could quite easily be expected that £3,500 is the realistic value of the car.

+ 5 auto trader / pistonheads print screen adverts
Click to expand...
 
Yeah, that's way off. A guy at work paid £6k for a similar age/mileage vRS from a Skoda dealer without the Cruise/Bum warmers about 6 months ago.
 
They came back with an improved offer of £5,060 backed up with a valuation from Glasses but the valuation from Glasses didn't include the options so I've sent it back to them.
 
Glasses valuation is meaningless for you as a consumer, it gives good trade guide prices and condition / mileage based adjustments but what the consumer pays for a car is very different, you need to back up your prices with autotrader / pistonheads adverts if you feel it's too low.
 
maccapacca said:
Glasses valuation is meaningless for you as a consumer, it gives good trade guide prices and condition / mileage based adjustments but what the consumer pays for a car is very different, you need to back up your prices with autotrader / pistonheads adverts if you feel it's too low.
Click to expand...

Glasses is relevant to the consumer as it includes retail pricing.
 
Sign of the times when somebody nicks a Skoda :p

I remember at my first job I had a colleague who had lived in London and had a brand new Skoda. It was his pride and joy, he bought all the security kit for it - wheel lock, gearshift lock, immobiliser etc. One morning he came outside and found his car parked on the opposite side of the road with all the security gear left in a very neat pile beside it. The car was left unlocked with a hand written note with words to the effect of

"mate, if we wanted it, we'd have had it by now.

Your friendly neighbourhood car thieves."

Still makes me laugh :D
 
[TW]Fox;24283306 said:
Glasses is relevant to the consumer as it includes retail pricing.
Click to expand...

But as you very well know, any guide price is highly irrelevant, as the price of a used vehicle is dictated by what someone is willing to either a) sell it for, or b) buy it at.

For all intents and purposes, your car is worthless, but given the relative rarity of good condition, manual, 530i Sports, with your equipment level, the price is artificially higher than it would be otherwise.

The price you can replace your car at, at the time of needing to, is how much the car is worth to you, not some arbitrarily calculated figure in a book.
 
[TW]Fox;24283306 said:
Glasses is relevant to the consumer as it includes retail pricing.
Click to expand...

Which is usually wrong.

paradigm said:
The price you can replace your car at, at the time of needing to, is how much the car is worth to you, not some arbitrarily calculated figure in a book.
Click to expand...

Which is how I agreed finally the price for the E39 after them chucking their own valuation then Glasses then the engineers report in the mix.

I expect 90% of people accept their first offer.
 
paradigm said:
The price you can replace your car at, at the time of needing to, is how much the car is worth to you, not some arbitrarily calculated figure in a book.
Click to expand...

But isn't this essentially impossible to know? Autotrader can give a guide but, honestly, who pays the price a car is originally offered at. The glasses price is at least based on actual transactions, apparently.
 
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