| Author |
 Topic  |
|
|
db123
Starting Member
18 Posts |
 Posted - 05 January 2012 : 21:17:05
|
| Have a people carrier annd a box trailer with all my car valeting stuff in as just started doing my own car valeting as permitted work towards my esa. Will I keep this as won't be able to work if not. My car is worth about £2500. My mum and dad own the box trailer and contents. |
|
|
Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 06 January 2012 : 07:53:11
|
Your Car Valeting equipment would be classed as 'tools of your trade' and as such you would be able to keep them.
Melanie Nicholas CertDR
30 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
|
 |
|
|
Steve Thatcher
New Member
United Kingdom
70 Posts |
Posted - 06 January 2012 : 10:56:07
|
The one proviso I would add here is that I am now being advised by some clients that the Official receiver is actually telling them that they are considering realising cars with a value of only £1,000. It may be that the vehicle of £2,500 will attract the attention of the OR. He may ask you to deliver it up to him so he can sell it and in return, give you about £1,000 to buy an alternative vehicle.
Steve Thatcher
|
|
|
|
db123
Starting Member
18 Posts |
Posted - 06 January 2012 : 16:15:24
|
Do you know which price guide they use when looking at the value of your car? Thanks
|
|
|
|
Niobe
Administrator
United Kingdom
4590 Posts |
Posted - 06 January 2012 : 16:42:45
|
I imagine it would be either Glasses or Parkers.
Follow through
Make your dreams come true
Don't give up the fight
You will be alright
'Cause there's no one like you in the universe
Jan
xxx |
|
|
|
Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 06 January 2012 : 17:10:05
|
You normally work off the trade-in figure - what you would get from a garage for the vehicle, NOT private sale. This normally brings the value down to a more realistic one
Melanie Nicholas CertDR
30 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
|
|
|
|
Melanie.n
forum expert
United Kingdom
1282 Posts |
Posted - 06 January 2012 : 17:20:52
|
I would also like to add is that the OR will take each case on its merit!
I would have presumed that in order to work you need a realiable vehicle, therefore i do not see much difficulty in you keeping the present one. Provided the case is justified, the OR can be pretty realistic when it comes to a car, particularly if the car is the sole vehicle in the household OR needed for work.
There are always the odd horror story of the OR taking a car at a low value but we are not aware of the whole picture on the forum, there may be a good reason..... I am also aware of indivuals retaining vehicles up to £8k in value!
It is all down to the value v need of the vehicle, please try not to worry too much
Hope this helps, Melanie
Melanie Nicholas CertDR
30 years insolvency experience - 23 of which in the Insolvency Service
- Insolvency Manager
Jones Giles
|
|
|
|
Steve Thatcher
New Member
United Kingdom
70 Posts |
Posted - 09 January 2012 : 10:30:56
|
Agree with the above as well. I think that when we were talking about values we all should have been talking about equity in vehicles, as some vehicle of course have finance on them.
Steve Thatcher
|
|
|
| |
Topic |
|
Will I be able to keep car valeting stuff ?
