Not with Bingle - we only use Market Value to determine the settlement figure if a vehicle is deemed to be a write-off.
Market value means the amount that the market would pay for the car. The market value of the car includes many factors such as age, make, model, kilometres travelled and general condition of the car. We may use recognised industry publications to assist us in calculating the amount.
Market value excludes costs of registration and compulsory third party insurance, stamp duty and transfer fees, dealer warranty costs and dealer delivery.
The market value of your car can change over time.
For more information on market value please see your product disclosure statement.