My experience of such things is only one incident, something like this :Citroenmad wrote: So the cheapest way to run a car though depreciation is not to trade it in or sell it, but to write it off That might catch on if word gets out!
Monday Wednesday 9th November 2008. Buy Mazda MX-5. Pay £1400. Insure with Adrian Flux, agreed value £2300 (with pics sent, so they saw it!)
Sunday 9th November 2008 - Write aforementioned MX-5 off due to stupidity/unfamiliarity with wooden Pirelli tyres
Early December 2008 - receive Cheque for £2100 (Value of Mazda minus excess)
Not a bad return on 5 days ownership, even if I did have whiplash and a back injury...