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General Discussion Area / Re: Family member's car written off
« on: 11 September 2024, 21:17:15 »
They came back and said there was no structural damage but the repairs would cost about £6850, and the car was valued at £7007, strange number to come to that!
I'd looked at similar cars on parkers and they were up about the 10k mark, I know dealers will whack on a margin I suppose, there is the market value and the insurance's book price as well, obviously the latter being less.
Still doesn't make sense why they would not be able to repair it but can pay out the value of the car and he can get it repaired that way with no real losses. Must be that the cost of repair is over 50% of the value of the car.
I'd looked at similar cars on parkers and they were up about the 10k mark, I know dealers will whack on a margin I suppose, there is the market value and the insurance's book price as well, obviously the latter being less.
Still doesn't make sense why they would not be able to repair it but can pay out the value of the car and he can get it repaired that way with no real losses. Must be that the cost of repair is over 50% of the value of the car.