Hi,
Due to an accident we have had to write off a 2-year old car that was purchased through a dealer. Looking around the exact same car (same spec, similar millage, etc) is being quoted 17,500 for cash(I rang and spoke to them).
However the insurance company are saying that the market value is 14,250. I had expected them to come in low, but nowhere near as low as that!
Do I have to take private sales into account when determining a market value, or seeing as we purchased the original in a dealer, can I just go with dealer prices?
At the moment my plan is to get the 3 garages that are selling the same spec car to provide letters of market value. Any other advice?
Thanks
Due to an accident we have had to write off a 2-year old car that was purchased through a dealer. Looking around the exact same car (same spec, similar millage, etc) is being quoted 17,500 for cash(I rang and spoke to them).
However the insurance company are saying that the market value is 14,250. I had expected them to come in low, but nowhere near as low as that!
Do I have to take private sales into account when determining a market value, or seeing as we purchased the original in a dealer, can I just go with dealer prices?
At the moment my plan is to get the 3 garages that are selling the same spec car to provide letters of market value. Any other advice?
Thanks