My Poor 220d, Only Worth £9k

[dave1]

I traded up to my GS430 in May and it has taken a massive hit. Logically it doesn't really matter though. If I am keeping the car, then its "market value" is of no real importance. If I want to change my car then again its "market value" is not that important, as depreciation and prevailing market conditions will also have affected a replacement car.

[Gunther]

Of course. Market value is important. Unless you have a crash.

Then, because your car is worth so much less, but the parts still cost ££££$$$$$££££ you are very likely to suffer a write off. Then the insurance company offers you current market value, which is trade. For a car with a V8, it means little money in todays values. Unless you can find a really cheap one to replace it with, which you may. This very thing happened to my Jaguar in early 1990's. I couldn't find a replacement for same money unless I went Auction.

Best thing to do is get GAP insurance policy if you do buy any car.

Dealer has just offered me a new 250SEL with MM (09) for £27000 (my car plus £16500) if I take the new one before Christmas. Mine is August 2006 IS220d SE with MM and 22000 miles. They are sooooo keen to do business, but it is stretching my budget.

I have said yes, but £14000 to swop. They are considering (but don't think so). Lets see what Santa brings.

I don't want a used one, as my Lexus has had rattles so new one must be facelifted car.

Heart says Lexus, Head says cheaper Audi. I'm stuck.

[dave1]

Of course. Market value is important. Unless you have a crash.

Then, because your car is worth so much less, but the parts still cost ££££$$$$$££££ you are very likely to suffer a write off. Then the insurance company offers you current market value, which is trade. For a car with a V8, it means little money in todays values. Unless you can find a really cheap one to replace it with, which you may. This very thing happened to my Jaguar in early 1990's. I couldn't find a replacement for same money unless I went Auction.

Best thing to do is get GAP insurance policy if you do buy any car.

Dealer has just offered me a new 250SEL with MM (09) for £27000 (my car plus £16500) if I take the new one before Christmas. Mine is August 2006 IS220d SE with MM and 22000 miles. They are sooooo keen to do business, but it is stretching my budget.

I have said yes, but £14000 to swop. They are considering (but don't think so). Lets see what Santa brings.

I don't want a used one, as my Lexus has had rattles so new one must be facelifted car.

Heart says Lexus, Head says cheaper Audi. I'm stuck.

Yes, GAP Insurance is something I always get. I get "Return to Invoice" so if my car is a total loss in the 3 years following purchase I get the FULL invoice price I paid, less whatever my car insurers pay me. Even any excess is covered. It cost me £112 for 3 years cover up to £10k.