We had our interview with the OR and all went well except there was a question over the cars value.
The car was a category D write off with extensive body damage when we bought it but it is drivable.
We used a number of online valuers to get a quote for value of car and they were are coming in lower than 2k.
We provided these valuations to the OR in our interview, however they get an independent valuation done and he told us if it comes back any higher than 2k they will lift the car off us and take as an asset and give us £1,000 towards getting a new car.
We have just been told now by the OR that the valuation came back to him and they are valuing the car at £2,900 and as a result will be seizing the car.
We have been told if we can get money off family and friends we can pay the difference of 1,900 and keep the car.
Does anyone have any experience or knowledge on how best to deal with this situation.
Thanks
The car was a category D write off with extensive body damage when we bought it but it is drivable.
We used a number of online valuers to get a quote for value of car and they were are coming in lower than 2k.
We provided these valuations to the OR in our interview, however they get an independent valuation done and he told us if it comes back any higher than 2k they will lift the car off us and take as an asset and give us £1,000 towards getting a new car.
We have just been told now by the OR that the valuation came back to him and they are valuing the car at £2,900 and as a result will be seizing the car.
We have been told if we can get money off family and friends we can pay the difference of 1,900 and keep the car.
Does anyone have any experience or knowledge on how best to deal with this situation.
Thanks