Moggy

I imagine you are paying cash for the car.

If so, why do you need it?

cheshire_carper

It is a cash sale and they explained if the car was written off, the insurance would only pay a percentage of the actual value of the car, ie, market value should it be written off.

Thus if this was 20k and it was smashed, the insurance may only pay 15k and I would be 5 out of pocket.

TBH, I haven't even looked at my policy to see if that is the case, it's Flux and it could be new for old although I doubt it.

echo66

Nearly always market value unless you're very fortunate in policy choice i would imagine. Sure i've always had market value so it does make sense to take it out.

Paid the dealer mate. So i suppose i got shafted a bit but hey-ho.

cheshire_carper

They seem to be 140 quid online - I will buy it there despite never having bought it for any other car that I have ever had, it does seem a good idea for a few hundred quid.

Jonsey Boy!

I should have got it for my last car, I could have torched it instead of selling it and now I would be eating caviar not cheese on toast

m1bjr

Where's theres a claim there's a blame

Moggy

so, given your example, you are paying

martin j

I'll stick with mine, "back to invoice price" eg. insurance payout value today

cheshire_carper

I think I will take it. See if the dealer can get to a more reasonable quote on collection, if not, I'll buy from the net.

MarkB

In my experience the dealer can never match the net values, they have to make a mark up.

RTI is the way to go.