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Arguing over scraps
My wife is changing her 1994 Rover 214 for a new KIA Cee'd 1.4 1 hatchback under the scrappage scheme and KIA's very generous contribution. The list price for the KIA is £11,895 and with the allowances she will have to find £8,395. When contacting her insurers she was asked the value of the new car and was unsure what to say. The insurer then asked how much she was paying for the vehicle, reply £8,395, and this was taken as the value. I am concerned that should she need to make a claim the value as quoted will be too low.
Your advice and recommendations would be much appreciated.
Your advice and recommendations would be much appreciated.
Asked on 6 March 2010 by P.D., Boston
Answered by
Honest John
The insurance value of the new car is £11,895. The fact that she got
£3,500 in part exchange for her Rover is nothing to do with the insurance company. Call them back and tell them the £8,395 was plus £3,500 p/x for the Rover.
£3,500 in part exchange for her Rover is nothing to do with the insurance company. Call them back and tell them the £8,395 was plus £3,500 p/x for the Rover.
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Our honest used car pricing is a little bit different to all the others. You can get to our values through make or model - you don’t have to follow a prescribed route. Plus, it’s live, which means we can react to changes in the market quicker than any printed price guide.
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