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Re: Car accident. Valuation of RHD car

UPDATE - please help!

We received the assesor's letter today. It states that the repair costs for my car would be €6611,43 HT and €7907,25 TTC and the value of the car (avant sinistre) is €2090,30 HT so €2500,00 TTC. The letter continues to tell us our options i.e. ceder / faire reparer / conserver votre vehicule. Obviously there is only one realistic option!

I have looked at the argus link given by Sunday Driver and the value of my car comes out at €3900 base with an allowance for low kilometage of €1010 and an additional €130 for the fact that it was a later model 2001. This would be €5040 then.

British prices going by the April 2010 Glass's trade book value it at £2375 plus £154 for low mileage so £2529.

(Neither prices reflect the extras such as fingertip remote control CD / Audio system.)

My RHD car is being valued as 50% less than an equivalent LHD car in france and, using 1.12 exchange rate, 12% less than the value of the same RHD car in the UK!

Surely there must be a "like for like" payout situation when you are not at fault. I don't care whether I drive a LHD or RHD car but I want the same family car.

I am starting to print off the costs incurred to buy a second-hand car in the UK - so far €304.50 euros just for the first registration and eco-tax. Still need to find out the cost of the Certificate of Conformity, headlamps replacement and cost of registration plates; let alone the cost of going to get it and bring it back.

I will not accept that a stupid driver can write my car off and I will end up being worse off. Perhaps I'm naive but it's just not fair!

I am gathering the relevant information to write to the insuance company but if anyone has advise about what to add or say then I would be really grateful!

TYIA

Lotmontel
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Re: Car accident. Valuation of RHD car

I would avoid all references to it being a RHD car and to the cost of registration COC's etc unless they have justified the valuation by saying it is RHD .

Go back to them with the Argus value and the adjustments, tell them that is the market value of the vehicle and put the ball in their court.

Arguing about registration, eco taxes and COC's is irrelevant, will get you nowhere and may even bring their attention to an easy get out, its a simple matter of is the valuation reasonable or not.

Good luck and send your letter accusé de reception.

P.S. Were you using a current Glasses guide? unless things have changed these were only available to traders paying a subscription, and what price were you using, retail, trade in or private sale?

In the UK most assessors would use the lower figure so you may have indeed been offered market value for the vehicle.


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Re: Car accident. Valuation of RHD car

 Years ago a French person I know had a similar complaint, they had an old but good car written off in an accident which was not there fault and still ended up being paid peanuts and having to make up the difference to put themselves back on the road in a similar condition.

I suspect that RHD has little to do with it, its just an inequity of the insurance system, which is probably the same here (UK). For example I'm perfectly happy with my 10 year old Picasso, but I suspect I'd be very lucky to be offered £1500 for it as a write off, even though it has x, y and z refinements.....


Quimper.co

99
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Re: Car accident. Valuation of RHD car

I don't think that I'm wrong wanting like for like. I didn't ask for the stupid person to drive on the wrong side of the road and hit me head on.

There is no doubt who was at fault so her insurance company should pay out for the car at the point of the accident.

Sorry, if I've been rude but I'm beyond upset right now. I loved that car!
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Re: Car accident. Valuation of RHD car

 Lotmontel wrote:
I don't think that I'm wrong wanting like for like. I didn't ask for the stupid person to drive on the wrong side of the road and hit me head on. There is no doubt who was at fault so her insurance company should pay out for the car at the point of the accident. Sorry, if I've been rude but I'm beyond upset right now. I loved that car!

Unfortunately in this situation we're  all in the hands of the insurance companies, and I'm sure that the loss adjusters have a vested interest in keeping their paymasters costs down. I lost a beautiful 2.6 190 Mercedes in a totally blame free ( on my part) accident with a very large lorry. I got £2000, and that in no way allowed for what this almost perfect example of the marque was worth. It wasn't quite old enough for classic car insurance, one of the few ways you can get "proper value" in return for your premium.


NickP
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Re: Car accident. Valuation of RHD car

 I don't think you are wrong to want that either, but I suspect that an insurance company would argue that by giving what they calculate is your cars value at the time of the impact that is what they are offering........it doesn't feel fair, but I personally don't think that you are being penalised for it being a RHD.  Proper value from the insurance companies perspective and yours differ considerably.....

In addition, trite though it may seem to say it, you walked away from that crash, you only have to read Coops experiences, another totally blameless victim of a road accident, to perhaps put it in a different perspective, she probably couldn't physically drive her old car now, even if she wanted to. It could have been a whole lot worse.


Quimper.co

99
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Re: Car accident. Valuation of RHD car

One thing, however, R/H, is that my old car was properly valued and I was able to buy a newer, bigger car with a lower mileage to replace it.  But I pay extra for this to my insurers (MAAF) and still do (they have a "premium value" option), and it was they who settled the bill, and paid me an additional amount for the contents which were destroyed (1.2k as the thing was full of camping equipment, plus my Nikon and a few lenses got smashed).  I assume that they will claim back from the other party's insurance but at least I had a hassle free payment from them.  They've also been brilliant in acting on my behalf with the lorry driver's lot and I've had reasonable interim payments from them every few months after both insurers' medics have done their assessments.  To my mind at least, it's only when you have an accident that you realise whether an insurer is good or not - it's not all about being cheap - as our o/p is discovering.

Years ago my neighbours had a drunk drive his car into their garden where the wife's father's 12 year old Saab was parked.  He had had the car from new and had looked after it really well, sparing no expense keeping it in tip top condition.  He got about £800 for the thing and was devastated as, although it was a reasonable auction price for a similar car, nothing he could have bought to replace it could have been guaranteed to have been so well looked after.  I suspect that the RHD element is only part of the problem.  As R/H says, we are rather inclined to over-value our cars.  A French motoring magazine which I get from time to time lists the 3 year depreciation values on all the cars on the market and these are always a minimum of 40%, even here where second hand values are pretty high.

I know how you feel though, Lotmontel, I still miss my little car and she saved my life!


"I couldn't sleep very well last night. Some noisy b*ggers going around in automobiles kept me awake." Ken Miles
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Re: Car accident. Valuation of RHD car

R/H, I know that I should keep this in perspective and I am so grateful (to whomever) that nobody was hurt in the accident. I can still hear my son's screams in my head!

We will go back to the insurance company asking how the assessor reached the valuation armed with the argus value found on Sundaydriver's link and see what happens.

Thank you all so much for your help.





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