Not with Bingle - we only use Market Value to determine the settlement figure if a vehicle is deemed to be a write-ff.
Market Value is the amount we assess your car to be worth on the road in your local area. We’ll consider your car’s make, model, age, condition and kilometres travelled. It includes keys, options, accessories, or modifications that are permanently fitted to your car.
Market Value also includes the costs of registration and compulsory third party insurance, and any stamp duty and transfer fees.
We may use recognised industry publications to assist us in determining its market value.
The market value of your car can change over time.
For more information on market value please see your product disclosure statement. This PDS can be found HERE.