Autotrader free car valuation tool

[Terence1983]

Anyone know accurate this tool is?

My wife had a pretty bad accident last Wednesday, shes ok, just shaken up and a few bruises and a slightly fractured nose from the airbag (was not her fault, CCTV footage shows the other driver was at fault), im pretty sure the insurance will be writing it off. The car is insured at Retail value. So according to the vin number, the autotrader tool says its valued between R88285 and R117664 with an estimate of R99840 which i assume is the mid way point for their scale. Its a 2013 Hyundai I10 1.1GLS/Motion and it had under 120k on the clock, full service history etc, car was looked after and in damn good condition.

Id like to try start looking around at whats available but id like to know what sort of deposit we will have so i can start budgeting.

 

[RonSwanson]

Most of these "Free valuation tools" are run by dealers themselves, and they are usually lowballers.

 

[Terence1983]

Most of these "Free valuation tools" are run by dealers themselves, and they are usually lowballers.

Thanks for the info, suppose i just need to be patient and wait for the insurance to finalize everything before looking.

 

[WollieVerstege]

The Autotrader tool usually uses the vehicles similar to yours that was listed for sale on its website over the last 6 months or so to give you a ball park figure. Also, what they say is retail and what your insurance says is retail going to be 2 completely different numbers, guaranteed.

I would look at about 80% of the lowest number provided.

 

[Pho3nix]

Anyone know accurate this tool is?

My wife had a pretty bad accident last Wednesday, shes ok, just shaken up and a few bruises and a slightly fractured nose from the airbag (was not her fault, CCTV footage shows the other driver was at fault), im pretty sure the insurance will be writing it off. The car is insured at Retail value. So according to the vin number, the autotrader tool says its valued between R88285 and R117664 with an estimate of R99840 which i assume is the mid way point for their scale. Its a 2013 Hyundai I10 1.1GLS/Motion and it had under 120k on the clock, full service history etc, car was looked after and in damn good condition.

Id like to try start looking around at whats available but id like to know what sort of deposit we will have so i can start budgeting.

Figures you have are about right. A little higher than normal but that's the market at the moment

 

[Jet-Fighter7700]

they will pay you enough to satisfy you, but not enough to cover shortfalls

insurance is a business after all.

so Id anticipate somewhere between the retail and the market value, minus Excess I imagine.

 

[Terence1983]

they will pay you enough to satisfy you, but not enough to cover shortfalls

insurance is a business after all.

so Id anticipate somewhere between the retail and the market value, minus Excess I imagine.

Thanks, not sure about the excess as they are trying to claim from the other drivers insurance. But yes if they are not successful with that then we will obviously have to cover it and the balance on the finance and whats left will go on a deposit on a new car, will probably have to stick to something similar to the I10 price range.