If a car accident claim was heard in a court via the Money Claims service, and the value of the car was lower than the cost of repair, how would the court determine a suitable level for the compensation? One would assume it would be the value of the car, but how would this be defined?
To give an idea of the range of values possible, for a particular make and model car there are 4 available in the UK on autotrader, with a median of X, and a range of 2/3 X to 5/3 X. Parkers gives a range of 3/4 X to X for "From a Motor Trader" and 1/3 X for private sale. We buy any car offer 1/3 X.