Insurance pay out offer on a vee

[Ste#70]

Mate wrote his v6 off a couple of weeks back and have finally made him an offer which I told him to contest.

Its a 53 reg, 19k miles, illiad blue, fsh, mint condition.

They have offered him £11.2k minus his excess which i think is £500.

Now to me i think this is quite low.

What do you think?

 

[pugs9000]

I would contest that, for one in similar condition, i think it was on an 04 plate was £15K. Never accept the first offer they make, just send them a few adds of similar mileage/age V6's to prove point.

 

[Poopensharten]

Id say its worth more going by these...

http://www.pistonheads.com/sales/1246742.htm

http://www.pistonheads.com/sales/1231067.htm

http://www.pistonheads.com/sales/1249076.htm

 

[geesus69]

using glass's guide:

if it's an 0353 retail is £12250

if it's an 0453 retail is £12900

assuming its in good condition of course

 

[Jasey]

From Vauxhall's free Glasses guide valuation;


Renault Clio Sport V6 255
3.0 Petrol 3-door Hatchback
6 Speed Manual Rear Wheel Drive
Year: 2004 53
Mileage: 19,000




Part-exchange Price:
Excellent condition:
£11950
Average condition:
£10800
Below average condition:
£9610
Please note:
Unfortunately, we don't have a valuation for the requested mileage. However, we can value this car at 20,000 miles.

 

[cat171]

Seems low to me. Circa 14k is more like it (imo)

Id say its worth more going by these...

http://www.pistonheads.com/sales/1246742.htm

http://www.pistonheads.com/sales/1231067.htm

http://www.pistonheads.com/sales/1249076.htm

I'd go with that too really.

 

[Chris205]

Do what james did for his 172, send in adverts for v6's in similar condition, mileage and age and work out the mean price

 

[Ali]

Low.

 

[Jamie]

Very low. Provide those adverts. I think 14-15k is more reasonable.

 

[Addz]

i'd aim for 14k, they seem to be going up in value which is nice

 

[Rudi]

barter with the company, they can definately go higher than that, that is too low

 

[R-Sport.]

barter with the company, they can definately go higher than that, that is too low

Insurance companies are very careful in their speech when they value your car- they make it very clear when they read the speech on valuationsbefore you agree to the policy- they offer you BOOK price-
A lot of people assume BOOK is equiv to retail which it isnt...

Taking away the excess the offer of 11.7k isnt THAT low, but on the low side, I would push for more- like everyone has said, although I think tops is 12.5k from the insurance Companies POV


S

 

[Pep]

I'd drop Gally a pm, he's in insurance stuff and seems to know his cheese.

 

[Ste#70]

Cheers guys i thought as much.

IVe told him to aim for £14k which is infact what he paid for it 18 months ago with 7k less miles on it! He took a gamble on an ebay auction and it paid off big time.

They have infact offered him 12k - £750 excess but obviously this is still low.

 

[geesus69]

Cheers guys i thought as much.

IVe told him to aim for £14k which is infact what he paid for it 18 months ago with 7k less miles on it! He took a gamble on an ebay auction and it paid off big time.

They have infact offered him 12k - £750 excess but obviously this is still low.

i'd be very careful what you say on a forum!

if the claim were going through my company you would have just shot yourself in the foot! with a 50.cal no less! lmao

 

[Gally]

Lol they don't realise who actually works where it's rather funny.

Thanks for getting that value mate, couldn't be arsed today.

The adverts will help you out no end as the retail/trade value is still too low for you to replace your car for similar spec.

 

[Ste#70]

i'd be very careful what you say on a forum!

if the claim were going through my company you would have just shot yourself in the foot! with a 50.cal no less! lmao

Lol i see what your saying but they know what he paid for it. But at the time was probably 2k cheaper than what it was worth.

 

[geesus69]

yeh i'm only messing mate

to be fair what someone has paid for a car is irrelevant, someone might have got a cracking deal and will end up making money from the claim, however our client's don't seem to realise that this also works the other way, if you pay over the odds for a car...........tough! lol

i wrote off a lamborghini murcielago lp640 the other day :S

88k for a bodyshell........plus vat and a 5k delivery charge.......and it doesn't even come painted!! it goes up to 99k if you want it painting! roffle