Help valuing our 960 24v after accident - Page 2

CharlesStevenson · Jul 26th, 2011, 10:00

Just wanted to endorse the other comments; you're not at fault, the other driver was.

The other coy has been stalling since
1. they don't want to pay out anything, and
2. they want to pay out as little as possible.

So negotiate. Set your price high (with evidence to back it up) Remember, to you and I obtaining a few hundred pounds more for our car is a matter of principle and fair play, to them it's just a slice out of their millions of profit.

Push, push and push again for a fair price and you will be successful. Indicate that they will be ending up with higher overall costs in admin with to and fro corres than if they simply agree to a fair value.

That's where you going in with a high price is good - since you could then, graciously, offer to settle for a lower value 'in a bid to come to an amicable settlement.'

If however, you go in with your 'best price' right away then you've got nowhere to move from and they have no movement options themselves, other than to agree to your price.

Overprice, then let them have some leeway, that's my suggestion.

HTH

Prufrock · Jul 26th, 2011, 10:25

Older cars in nice condition are always an issue with mainstream insurers, notwithstanding all the issues about values etc; which with older cars is a little academic*. The only way around this is to insure the car with a reputable company on a classic car policy(CCP)with an agreed value-that way if the car is written off you get the agreed value(AV), and the option to keep the damaged car as well.

AVs are often underwritten by club specialists - I don't know whether the VOC has one.

*Insurance companies will rarely base a value using one"guide"they'll use a basket of values(impossible with older cars)and if lobbied by the claimant will bow to evidence and increase their offer-usually. Insurers do not pay out on retail values.

With a CCP it is advisable to maintain detailed records, photographs etc, that is why I always recommend when buying"classics"that provenance and history are so important.

Good luck, Prufrock.

Jul 26th, 2011, 10:00	#11
CharlesStevenson Premier Member Last Online: Yesterday 14:12 Join Date: Nov 2000 Location: Nottingham	Just wanted to endorse the other comments; you're not at fault, the other driver was. The other coy has been stalling since 1. they don't want to pay out anything, and 2. they want to pay out as little as possible. So negotiate. Set your price high (with evidence to back it up) Remember, to you and I obtaining a few hundred pounds more for our car is a matter of principle and fair play, to them it's just a slice out of their millions of profit. Push, push and push again for a fair price and you will be successful. Indicate that they will be ending up with higher overall costs in admin with to and fro corres than if they simply agree to a fair value. That's where you going in with a high price is good - since you could then, graciously, offer to settle for a lower value 'in a bid to come to an amicable settlement.' If however, you go in with your 'best price' right away then you've got nowhere to move from and they have no movement options themselves, other than to agree to your price. Overprice, then let them have some leeway, that's my suggestion. HTH __________________ Now: 04 reg V70 2.4 SE 2.4 auto 177k Then: Volvo, Saab, BMW, MB, Ford, Vx, Opel, Fiat, Rover, Porsche, Alfa, Austin, Renault, etc

Jul 26th, 2011, 10:25	#12
Prufrock I've Been Banned Last Online: Aug 10th, 2018 09:22 Join Date: Jan 2011 Location: The Lincolnshire Wolds & West Sussex Coast	Older cars in nice condition are always an issue with mainstream insurers, notwithstanding all the issues about values etc; which with older cars is a little academic. The only way around this is to insure the car with a reputable company on a classic car policy(CCP)with an agreed value-that way if the car is written off you get the agreed value(AV), and the option to keep the damaged car as well. AVs are often underwritten by club specialists - I don't know whether the VOC has one. Insurance companies will rarely base a value using one"guide"they'll use a basket of values(impossible with older cars)and if lobbied by the claimant will bow to evidence and increase their offer-usually. Insurers do not pay out on retail values. With a CCP it is advisable to maintain detailed records, photographs etc, that is why I always recommend when buying"classics"that provenance and history are so important. Good luck, Prufrock.

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