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Scrappage value
I am taking advantage of the scrappage scheme to trade in my N reg Peugeot 106 to buy a Hyundai i20 on 1 September. My insurer refuses to amend the value of my Peugeot 106 and says it would (in the event of theft or write off) only pay the Glass's Guide price, which I guess is well under £1,000 (the value to me under scrappage). I have offered to pay a higher premium to no avail. I know you have commented before that insurance should put the insured back in the position he/she was in before incident.
Asked on 5 September 2009 by
Answered by
Honest John
There would need to be a full county court case taken to appeal to decide this issue. If you have pre-sold a car for a part exchange allowance of £2,000+ against a new car, and could not otherwise obtain that discount off a new car, then you could contend that your car was worth £2,000. Your insurer may counter that, as long as the wrecked car has a current Mot, tax and insurance, and has not actually been declared an insurance damage write off, then it does not matter how smashed up it is when you offer it for p/x because the allowance is being paid for it to be scrapped anyway.
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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.
Honest Used Car Prices
Dear Honest John,
Please help me choose my next car. I would like it to have:
Please help me choose my next car. I would like it to have:
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