Help with definition
14 March 2003, 08:15 AM
#2
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Is this a sarcastic question kuz u got a ropy price?
Anyway it just means wot yer car is worth now in theory, who's theory is another matter
Try parkers or similar 4 a guide although dont like the price they say for my car & i've seen em go generally more than quoted but a nice guide 
Si
Anyway it just means wot yer car is worth now in theory, who's theory is another matter
Try parkers or similar 4 a guide although dont like the price they say for my car & i've seen em go generally more than quoted but a nice guide Si
14 March 2003, 11:29 AM
#3
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No, it's not a sarcastic question, it's genuine.
Wanted to know whether market value meant the price you sell your car for or, the price you can buy your car at, which obviously makes a difference as far as insurers are concerned.
14 March 2003, 11:36 AM
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No straightforward answer.
Market Value is simply what "the market" is willing to pay for it, on the day.
From an insurance perspective, I would suspect that you are looking at what you would have to pay to replace it, as opposed to what the books say its worth, so its from a buyers perspective.
D
Market Value is simply what "the market" is willing to pay for it, on the day.
From an insurance perspective, I would suspect that you are looking at what you would have to pay to replace it, as opposed to what the books say its worth, so its from a buyers perspective.
D
14 March 2003, 11:57 AM
#5
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Market Value for insurance purposes should the value/cost of going out to buy a car of similar age and condition from a dealer, not private sale price and not trade price.
You are supposed to receive an amount of money to enable you to walk to your nearest dealer and buy a replacement car immediately, no haggling just pay the sticker price.
You are supposed to receive an amount of money to enable you to walk to your nearest dealer and buy a replacement car immediately, no haggling just pay the sticker price.
14 March 2003, 12:34 PM
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**** 2 that if they can get u an identical 1 at book price then tell em 2 try their luck might not b good idea unless u like lemons but unless yer a dealer or lucky at auction u pay the "market price" 
Si
Si
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