L+V policy on written off cars
#1
Hi All
Does any of you know the policy if you written off a car under 1 yrs old? from L+V
Some say if it costs more than "50% of your market value "of the car to repair, they will replace it with a new one.
Then some say if it "costs more than the market value" of your car they will replace or repair.
Do they have to replace it or can I get the cheque/money instead and pay off my finance company?
Regards
James
Does any of you know the policy if you written off a car under 1 yrs old? from L+V
Some say if it costs more than "50% of your market value "of the car to repair, they will replace it with a new one.
Then some say if it "costs more than the market value" of your car they will replace or repair.
Do they have to replace it or can I get the cheque/money instead and pay off my finance company?
Regards
James
#2
Yes you are right - LV will give a shiny new Scooby if you wreck your new one in the 1st year of ownership if the damage is over 50% of value.
Any amount owing on finance will be paid direct repeat direct to the loan sharks.
Remember that the national speed limit is 60mph but that as a special privilege it is upped to 70mph for morways/dual carriageways
Any amount owing on finance will be paid direct repeat direct to the loan sharks.
Remember that the national speed limit is 60mph but that as a special privilege it is upped to 70mph for morways/dual carriageways
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