Market value.....like *** is it

Syngress

Syngress

Syngress

Associate
Joined
4 Dec 2002
Posts
316
Location
Chelmsford
Right quick story for you :)

My car was involved in a non fault accident just before Xmas, and has now been written off by my insurance company, their 'Independant' assessor has taken a look at the vehicle and valued it at £7300....I purchased the vehicle in Aug so 4 months before the accident for £8700....I have done an additional 10K miles but I cant see it reducing the value by £1400...anyway car details below, I have searched Autotrader and reckon it should be around £8300...

Ford Mondeo 2.0TDCI GHIA X 130 6 Speed, Black, full leather, FFSH, 4 new tyres in Aug, all the normal GHIA X extras :) had 48K miles when I bought it, and had 60K when it was crashed:(

Syngress
 
I might be wrong, but I thought that you had to agree to the price? A friend had this a while ago and I'm sure then insurance put another assessor on the case and he ended up with a better offer. Might be time to have a good read through your policy.
 
well this is the second assessor to 'look' at the vehicle, he did in fact raise the cost by £250 as the original price was based on the 115 and not 130 version....he also told me they base their 'market value' on the glasses guide retail value, I tried to explain to him that that is pointless when the real market at the moment dicates this car costing a lot more, and he only needs to look on autotrader to see this is the case...he said they wouldn't consider autotrader, and that now the insurance company will write to me to let me know how to prceed.. :(
 
Basically you need to show that to replace the vehicle like for like in a private sale you need more. Suggest you call some of those in the AT and find out what the car was sold for, then go back to the company.
 
autotrader is hopelessly optimistic. I just bought a 10th old ST TDCI 2.2 with 10k on it for 12.8 k and was looking at Titty X's of same age mileage for 10k so noway would i pay anywhere near what you paid for a much older car with no warraty and 60k on it.
 
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