I think thay my car has gone up in value. When I bought it, I paid approximately £500 above Glasses Guide retail. I was a bit worried that with some of the changes in vehicle values and the way that Ins. companies have started to value since September time, my car would be worth less than I would have expected it to. Pleasently surprised to see that if anything, they have gone up a little in value. Waffle over....

Have you sold it or been offered a price on it, or is this a paper valuation on what it may be worth?

If you do an Online Insurance Quote with the cars details,

does the figure they give as its value, match what you believe its value is?

Maybe give the details on it here, Model, Mileage, age, condition etc and lets have guesses at what you might get for it.

george

No its staying with me for a while! I just got a little curious really. I have had to value cars for the last ten years or so and was worried that due to a slight change in the way Ins companies have started to value cars that it may have dropped in value. Bottom line is, the car is only ever worth the market value regardless of it being retail, private sale or trade in guide form. And, at the moment they are still fetching good money!

Well now i am also curious, (nosey)

so can you not share the joy, and lets see if i or others agree with your value?

Are they actually selling for good money (fetching) or is it 'Asking Prices' that look good?

george

Its kind of the same as in the summer. Back then (when I bought mine) they were going selling for £500-£1000 above retail. Obviously this is tied in with mileage and so on. In the summer, my cars retail value at the mileage it had was £3850. Try as I may I couldn't get it for below £4250. They do vary quite a lot but generally speaking, they are well above retail.

So you are not going to say what 'it' is.

Maybe an identical car can be bought for less in Scotland than in Surrey.

A car bought Trade will always be less than you paid for it, especially if you were paying over bottom book.

Did you pay over 'Top Book' ?

george

I did pay over top book as top book was £3850 at the time. But, in a situation where, lets say a total loss claim is made, you would have to go by market value in order to indemnify the claim.

I did pay over top book as top book was £3850 at the time. But, in a situation where, lets say a total loss claim is made, you would have to go by market value in order to indemnify the claim.

So what car is it? Spec and mileage?

Its just a standard 05 05 Fabia VRS. Nothing special.

Certainly Autotrader sellers are 'asking' from around £3900 for a 71,000 05 & up over 4 grand for 06 plates with 100,000 miles and plus.

Not that that is any real indication of their value.

http://www.autotrader.co.uk

george

Tell that to my sis,her car was written off last week & the insurance paid out £1000 less than it cost to replace it with the same car (spec,age & mileage) no amount of arguing with them would make them see sense about their valuation.

Tell that to my sis,her car was written off last week & the insurance paid out £1000 less than it cost to replace it with the same car (spec,age & mileage) no amount of arguing with them would make them see sense about their valuation.

What car was it?

Values on autotrader and glasses guide or parkers are worthless. I discovered this through selling my last few cars specifically my last car a BMW.

Dealers use "CAP" as a basis for value and you will never get more than bottom book price in my experience. Had mine advertised for months in autotrader and others for well below any our similar cars and well below glasses "private sale" guide price and never got 1 call.

You car is only worth what someone will pay for it and you wont know this untill you sell it.

I had mine for sale privately in the end at bottom book trade in price and it still didnt attract any calls through autotrader. Mine was higher value than yours though so maybe the trend is different with smaller values but for me projected resisual values are a load of p15h.

What car was it?

I was a citroen picasso.

Values on autotrader and glasses guide or parkers are worthless. I discovered this through selling my last few cars specifically my last car a BMW.

Dealers use "CAP" as a basis for value and you will never get more than bottom book price in my experience. Had mine advertised for months in autotrader and others for well below any our similar cars and well below glasses "private sale" guide price and never got 1 call.

You car is only worth what someone will pay for it and you wont know this untill you sell it.

I had mine for sale privately in the end at bottom book trade in price and it still didnt attract any calls through autotrader. Mine was higher value than yours though so maybe the trend is different with smaller values but for me projected resisual values are a load of p15h.

We only use CAP if needed. Nearly all the time its Glasses Guide. Then, in the event of an argument its back to market value, Autotrader and so on. Thats how I know the values are generally higher than the guide values.