Stewart its a while since i was close to the MS industry, but as previously said the Salvage Dealers are independent and have to register with the Insurance Company to be a buyer.
The last i know was all vehicles where purchased at @5% of their original value at time of incident, using Glasses Guide, the Salvage Comoany was bound by contract to take all vehicles which ever class the vehicle was placed in by the insurer, ie squash, Parts Only, damage repair or stolen recovered.
The 5% was based on the assumption that even with taking in stock that was burnt out or had to be squashed the Salvage Company still won a healthy profit with the repairable stock.
Hence why i originally suggested this seller could of paid a minimil £2-3 k for that car but has to consider he might of squashed 2 vehicles last week.
In mormal circumstances with a car that is run of the mill he will understand its market value, my gut feeling is he has looked at some over rated magazine adverts, contacted a Morgan dealer and came to the wrong conclusion that repaired its worth a million dollars.
Last edited by Dean-Royal; 20/02/19 04:41 PM.
