My year old Panda was very recently written off in an accident.
I have been offered the above price by my car insurance people. The offer was taken I have been led to believe from the Glasses Guide, but this is this a trade guide, unfortunately I can not buy at trade price, I must buy a replacement vechile at the normal retail price. How unfair is that? Can I refuse this offer? What stance should I be taking? What might be the result if I refuse this offer?
2007-05-30 07:05:46 · 4 answers · asked by Mayomaiden 3 in Cars & Transportation ➔ Insurance & Registration
The trade guides (Glasses, CAP) give a number of prices for each car - the trade-in price, the private-sale price and the retail-sale price.
The insurance company will probably have offered you the retail sale price from the trade guide, not the trade price.
According to Parkers (http://www.parkers.co.uk/cars/used-prices/Valuation.aspx?deriv=26948&plate=81&buysell=buy) a dealer will sell an 06 Panda Eleganza for £5210. However searching Autotrader http://atsearch.autotrader.co.uk/www/cars_search.jsp?page=9&searchform=&modelexact=1&lid=search_used_cars_full&photo=1&state=block&sort=3&hassearched=Y&make=FIAT&min_pr=5000&source=0&model=PANDA&max_pr=7000&miles=1500&agerange=6&mileage=&postcode=tn22+5bx&bodyid=0&fuelid=1&colour=&transmissionid=1&ukcarsearch_full.x=61&ukcarsearch_full.y=11&ukcarsearch_full=SEARCH it seems that the Eleganza version is quite rare, and the cheapest I could see were advertised at £5995.
The only way you will get more from your insurance company will be to prove that an equivalent car will cost you more than their offer - you'll need adverts of similar cars at higher prices to do that. Perhaps point them to the adverts on the Autotrader site (although they may claim you could talk a dealer down from £5995 to £5700).
2007-05-30 22:24:14 · answer #1 · answered by Neil 7 · 1⤊ 0⤋
This is an enduring problem. Insurers offer the 'book price' you'd almost always have to pay more to buy anything similar. This is worse when you have an older car in fantastic condition. You can hold out for a bit more money but they have more time to waste, I imagine, than you do.
2007-05-30 14:13:10 · answer #2 · answered by proud walker 7 · 1⤊ 1⤋
To be honest, that's not a bad offer. To sell a 06 Eleganze in good condition, the recommended price is around £4790, you'd expect to get about £4605 as a trade-in.
2007-05-30 14:31:53 · answer #3 · answered by champer 7 · 0⤊ 1⤋
very good price... trust me! and dont ever buy a fiat again mate doesnt matter if its a 06 model or not fiats,rovers, and renault, citroen worst car makes to buy ever. Due to unreliability, go for a vauxhall or a japanese model.
ive been there done it got the t shirt.
gud luck mate xx
2007-05-30 15:16:42 · answer #4 · answered by Anonymous · 0⤊ 0⤋