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Will the fact that our Audi Q5 was stolen affect its resale value?
We were unfortunate to have our Audi Q5 stolen from a so-called 'secure compound' whilst on holiday. The car was later recovered with virtually no damage but prior to this we had agreed to trade it in for a new car. Will the fact that the car has been stolen/recovered affect the re-sale/trade-in price?
Asked on 9 March 2013 by GA, via email
Answered by
Honest John
It depends on whether it is recorded by your insurer as having been stolen and recovered. If it has been, yes, this will affect the p/x offer and there will be a scale of ‘diminution of value’ applied.
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