I sold an R plate Honda Accord 2.2Vtec to my cousin for £350... it was a bit battle scarred with most panels dinged.
It was reversed into by a taxi driver, denting the front wing. Luckily there was a Police minibus full of coppers parked opposite so the witnesses were "credible"

Through the other drivers insurance he got £1100 and to keep the car, which still drives fine and looks like most other cars in London.
Fingers crossed aye... you could always pull the panel out so it dosnt look as bad if they send anyone out to look at it.