Soapy FFC Posted November 21, 2023 Share Posted November 21, 2023 12 minutes ago, strichener said: This isn't a recent phenomenon. Insurance companies have been doing this for as long as I can remember. Agreed. For as long as I remember my insurance will only pay full replacement value for a car less than a year old. 0 Quote Link to comment Share on other sites More sharing options...
Trogdor Posted November 21, 2023 Share Posted November 21, 2023 (edited) 12 minutes ago, Soapy FFC said: Agreed. For as long as I remember my insurance will only pay full replacement value for a car less than a year old. I'm sure you are supposed to get market value. When I wrote off a car (albeit 13 years ago) I got an offer from the Insurer that I couldn't buy the same car again with. I sent them examples of what it would cost in the local area. The car was six years old at the time. They gave me the cost of buying a new one (ie. 6 year old) less my excess. There were no other vehicles involved and it was my fault. I thought that was standard practice though. Edited November 21, 2023 by Trogdor 0 Quote Link to comment Share on other sites More sharing options...
Soapy FFC Posted November 21, 2023 Share Posted November 21, 2023 14 minutes ago, Trogdor said: I'm sure you are supposed to get market value. When I wrote off a car (albeit 13 years ago) I got an offer from the Insurer that I couldn't buy the same car again with. I sent them examples of what it would cost in the local area. The car was six years old at the time. They gave me the cost of buying a new one (ie. 6 year old) less my excess. There were no other vehicles involved and it was my fault. I thought that was standard practice though. Rightly or wrongly, I've always interpreted "market value" as how much I would have been able to sell my car for, not how much it would be to replace it with a similar car. Semantics I know, but probably important given differences in selling and retail values. Maybe I've been too pessimistic in what insurance will pay. 0 Quote Link to comment Share on other sites More sharing options...
MacDuffman Posted November 21, 2023 Share Posted November 21, 2023 Insurance company will only give you market value of the vehicle. They are not interested in what extras you have put on/into it. Same when you sell a vehicle - prospective purchasers don't give a feck that you have spent a fortune adding all sorts of crap to it. 0 Quote Link to comment Share on other sites More sharing options...
Suspect Device Posted November 23, 2023 Share Posted November 23, 2023 I'm glad I fixed my rates last month but I might get hit if it goes down in April/May with the next change. Not so bad in the summer months. 0 Quote Link to comment Share on other sites More sharing options...
Left Back Posted November 23, 2023 Share Posted November 23, 2023 52 minutes ago, Suspect Device said: I'm glad I fixed my rates last month but I might get hit if it goes down in April/May with the next change. Not so bad in the summer months. Currently forecast to drop slightly but also includes around a 15% hike in standing charges. https://www.forbes.com/uk/advisor/personal-finance/2023/11/23/energy-market-updates/#:~:text=Analyst Cornwall Insight is predicting,and £1%2C863 for Q4. 0 Quote Link to comment Share on other sites More sharing options...
Todd_is_God Posted November 23, 2023 Share Posted November 23, 2023 19 minutes ago, Left Back said: Currently forecast to drop slightly but also includes around a 15% hike in standing charges. https://www.forbes.com/uk/advisor/personal-finance/2023/11/23/energy-market-updates/#:~:text=Analyst Cornwall Insight is predicting,and £1%2C863 for Q4. Standing charges are included in the cap, though, so if standing charges increase unit prices will need to drop slightly more to accommodate this. Low users will lose out, but average and (especially) above average users will benefit. I maintain that, at present, the fixed price market is of no benefit at all to consumers and providers are simply taking advantage of those who remember when fixing was generally cheaper by offering rates they know will exceed the cap. 0 Quote Link to comment Share on other sites More sharing options...
MacDuffman Posted November 23, 2023 Share Posted November 23, 2023 For those not wanting to read above here is email to complain about standing charges. StandingCharges@ofgem.gov.uk 0 Quote Link to comment Share on other sites More sharing options...
orfc Posted November 23, 2023 Share Posted November 23, 2023 On 21/11/2023 at 13:48, Soapy FFC said: Agreed. For as long as I remember my insurance will only pay full replacement value for a car less than a year old. They weren't expecting a new car out of it, but enough to buy the same age/make/decrepitness of car as the ones written off. Insurers definitely trying to pull a fast one - "Arthur's got a 6 year old escort down his lot, lovely runner, £500, can't say fairer than that" 0 Quote Link to comment Share on other sites More sharing options...
parsforlife Posted November 23, 2023 Share Posted November 23, 2023 I got what looked a fair deal when my car got written off, checked a fair few trade in offers for a similar model and they were all well below even without taking into account excess. Obviously trade in takes into account the need to profit but even selling privately I doubt I’d have met the cash the insurance payed out. 0 Quote Link to comment Share on other sites More sharing options...
TxRover Posted November 24, 2023 Share Posted November 24, 2023 21 hours ago, orfc said: They weren't expecting a new car out of it, but enough to buy the same age/make/decrepitness of car as the ones written off. Insurers definitely trying to pull a fast one - "Arthur's got a 6 year old escort down his lot, lovely runner, £500, can't say fairer than that" I do suspect a fair bit of the complaint might be from people who took out notes that resulted in an upside-down situation for the first few years. I don’t recall GAP insurance being a thing until the 00’s for car purchase, or about when they started offering seriously extended loan terms. While people were financing a car for 36 or 48 months, there wasn’t the same tendency to owe a significant amount more on the car that it was worth for the first few years…with the newer 60, 72 and even 84 month terms… 0 Quote Link to comment Share on other sites More sharing options...
RH33 Posted November 27, 2023 Share Posted November 27, 2023 It's tablet making season again. I had a lack of suitable kitchen last year so I skipped it. Tin of condensed milk used be £1/1.10, £2.05. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted December 12, 2023 Share Posted December 12, 2023 Unsure if there is a specific thread for this but saw this today - Zoopla do a quarterly report on the rental market that found that Scotland has seen the highest increases in rent of anywhere in the UK. Edinburgh has seen the highest percentage increase in rents. Only Bristol, Cambridge and London have a higher average rent than Edinburgh. Brutal rental market in Edinburgh. We were renting a one-bedroom flat, which was nice and in a desirable area, before we bought in 2012 and it was £650pcm. I found a very similar flat on the same street we used to live in - https://www.citylets.co.uk/property-rent/city-centre-brunton-gardens-eh7-498612/ £950 pcm. 0 Quote Link to comment Share on other sites More sharing options...
Bairnardo Posted December 12, 2023 Share Posted December 12, 2023 1 hour ago, ICTChris said: Unsure if there is a specific thread for this but saw this today - Zoopla do a quarterly report on the rental market that found that Scotland has seen the highest increases in rent of anywhere in the UK. Edinburgh has seen the highest percentage increase in rents. Only Bristol, Cambridge and London have a higher average rent than Edinburgh. Brutal rental market in Edinburgh. We were renting a one-bedroom flat, which was nice and in a desirable area, before we bought in 2012 and it was £650pcm. I found a very similar flat on the same street we used to live in - https://www.citylets.co.uk/property-rent/city-centre-brunton-gardens-eh7-498612/ £950 pcm. There seem to be loads of businesses kicking about who are not only aggressively hoovering up property for renting, but also for reasons I don't fully understand, desperately trying to convince others to do the same. There's one in Falkirk area who seem to offer "training courses" that consist of telling people they should take on a mountain of credit card debt in order to get money to pour into their "property empire" 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted December 12, 2023 Share Posted December 12, 2023 3 minutes ago, Bairnardo said: There seem to be loads of businesses kicking about who are not only aggressively hoovering up property for renting, but also for reasons I don't fully understand, desperately trying to convince others to do the same. There's one in Falkirk area who seem to offer "training courses" that consist of telling people they should take on a mountain of credit card debt in order to get money to pour into their "property empire" Presumably they charge some kind of fees for joining them, like some kind of union for sociopaths. Landlords generally seem to band together because it helps them fix rental prices and lower the standards of the service they provide. If were all in proper competition, they'd have to cut their rents to compete, and offer more to entire customers. That's (understandably) not what they want, in my limited experience. 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted December 12, 2023 Share Posted December 12, 2023 4 minutes ago, Bairnardo said: There seem to be loads of businesses kicking about who are not only aggressively hoovering up property for renting, but also for reasons I don't fully understand, desperately trying to convince others to do the same. There's one in Falkirk area who seem to offer "training courses" that consist of telling people they should take on a mountain of credit card debt in order to get money to pour into their "property empire" Anyone offering you an expensive online training course on how to succeed in business, be it property investing, trading, copywriting, is a scam. 2 Quote Link to comment Share on other sites More sharing options...
parsforlife Posted December 12, 2023 Share Posted December 12, 2023 2 minutes ago, ICTChris said: Anyone offering you an expensive online training course on how to succeed in business, be it property investing, trading, copywriting, is a scam. But if I follow their 3 simple steps I’ll be rich right? Right? 0 Quote Link to comment Share on other sites More sharing options...
BFTD Posted December 12, 2023 Share Posted December 12, 2023 Just now, ICTChris said: Anyone offering you an expensive online training course on how to succeed in business, be it property investing, trading, copywriting, is a scam. YouTube's amazing for this - a larger viewership than any television channel, yet they're allowed to pump out obvious scams every fifteen minutes or so. The mantra for new media is "caveat emptor", as evidenced by garbage diet supplement punter Alex Jones being allowed back on to Twitter. I love the new AI model they've got going on - constant ads for crypto scams, with AI Elon Musk or Jordan Peterson announcing their amazing new scheme THAT THE GOVERNMENT IS ABOUT TO BAN!!! which will make everybody in the world a millionaire. It's funny how you don't see many of these with, say, Bernie Sanders or Greta Thunberg. 0 Quote Link to comment Share on other sites More sharing options...
Sergeant Wilson Posted December 12, 2023 Share Posted December 12, 2023 8 minutes ago, ICTChris said: Anyone offering you an expensive online training course on how to succeed in business, be it property investing, trading, copywriting, is a scam. If you want to know how to avoid these scams, send me your bank details... 0 Quote Link to comment Share on other sites More sharing options...
ICTChris Posted December 12, 2023 Share Posted December 12, 2023 https://www.youtube.com/watch?v=WAm3BSXu_cU&t=17s 0 Quote Link to comment Share on other sites More sharing options...
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