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.