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How Do I Find The Truest Value Of My Mothers Car?
Mother is very old and has no idea of value of it, needing to find some insurance quotes and one or two are asking for the value of the car. It was new in 2002 has had one owner, my mother. The car has a VERY VERY low mileage. For this reason I'm not wanting to say market value as it hasn't got what would be average mileage for the age of the car.
Any suggestions please?
Thanks in advance
Mitchell
Any suggestions please?
Thanks in advance
Mitchell
Answers
Best Answer
No best answer has yet been selected by Cmitchell. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.To be honest unless you have some kind of 'guaranteed value' policy they are only going to pay book price on any payout, they might adjust slightly for low miles but not by much. Guides such as Parkers and CAP will allow you to adjust for mileage but they want your email etc. so you'll then have to unsubscribe from their rubbish
Strangely low mileage cars, are often viewed with suspicion in the second hand market. People assume they have been 'clocked' or have had a lot of problems that meant they were off the road a lot. This means they can actually be worth less than a car that had done normal mileage with a full service history.
Whatever you do an insurance company will only pay out 'Book price' or at the most 10% extra.
Whatever you do an insurance company will only pay out 'Book price' or at the most 10% extra.
If you don't want to sign into Autotrader visit the "We Buy Any Car" website and see what they offer you. Their valuation will be low but it will give you guide.
https:/ /www.we buyanyc ar.com/ how-it- works/c ar-valu ation/
https:/
Simplest of the lot:
http:// www.par kers.co .uk/car s/price s/used/
http://
Webuyanycar Has a administration fee of £49.95.
My neighbour was offered £50 for his car, as it was old he was going to accept.
It was only at the last minute that he realised the offer was £50 minus the admin fee! He would have got 5p.
.
Cmitchell , what we are trying to tell you is that you can put any value you want on the car, ( £10,000 for example) but in a claim the insurance will only pay the 'Book Price'.
My neighbour was offered £50 for his car, as it was old he was going to accept.
It was only at the last minute that he realised the offer was £50 minus the admin fee! He would have got 5p.
.
Cmitchell , what we are trying to tell you is that you can put any value you want on the car, ( £10,000 for example) but in a claim the insurance will only pay the 'Book Price'.
14year old, low mileage with one owner, has it an MOT? how much is left on it? will be a good buy for someone, as asked what is the make / model / CC / where is it kept? garage /drive, mileage per year, the usual low mileage quotes are 12000, you will find the Insurance high depending on you Mum's insurance history, see what it was last year, if it was a automatic renewal Question the quote as these are often way out on price.
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