lozcb
Member
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Funny you shoulkdsay that dem , been looking at this one and whether its worth a punt , whats it worth
http://www.hbc.co.uk/cgi-bin/zyview/D=vehicles/V=bidding/R=4904280
regards loz
Oh dear...Second accident in 26 years
- Thread starter Brendan
- Start date
Funny you shoulkdsay that dem , been looking at this one and whether its worth a punt , whats it worth
http://www.hbc.co.uk/cgi-bin/zyview/D=vehicles/V=bidding/R=4904280
regards loz
lozcb
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Parisien
Moderator
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Not really........50% plus of any cars carbon footprint goes in the sourcing and processing of its component parts and then manufacturing and assembly.............THE best way is to save a classsic.............
Simples......................................................don't believe the green hype......Al Gore and fellow T!TS!
P
Simples......................................................don't believe the green hype......Al Gore and fellow T!TS!
P
mjheathcote
Centenary Club
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£10k!!!
The insurance company might write it off faced with that estimate, rediculous.
The insurance company might write it off faced with that estimate, rediculous.
Last edited:
I like it loz, give it a go....great town cars
hodroyd
Member
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- 14,150
Brendan,
Well there's not a lot left intact on the front, OH Sorry, you will probably save the number plate mate ??? Yes £10K is rude, but that's what you can expect from a dealer. Does your insurer have to pay, or is it a 50/50?? If you can take it anywhere, I know a very good bodyshop up here in Yorkshire.
Cheers
R
Well there's not a lot left intact on the front, OH Sorry, you will probably save the number plate mate ??? Yes £10K is rude, but that's what you can expect from a dealer. Does your insurer have to pay, or is it a 50/50?? If you can take it anywhere, I know a very good bodyshop up here in Yorkshire.
Cheers
R
lozcb
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Thought as much , let them write it off , and then buy it back , i can probably get that sorted for around the £2500 mark and as good as new
regards loz
dickygrace
www.richardgracecars.co.uk
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If it's not written off it won't be recorded on vcar. Sorry but I've no idea about costs of repairs and insurance write-offs etc. Loz will be along soon, he's most definitely the forum expert in these matters.
Brendan
Member
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Thanks for this, thought as much.
The sums are fairly simple; if the cost of repair (total costs including hire cars etc etc) minus your insurance excess is more than the cost of whatever they pay out to you minus what they get for the car as salvage, then they'll write it off.
So (I'm making up the numbers for the example..):
£10k repair + £400 related costs such as ins co. admin and hire car, minus say £300 excess = cost to ins, co. £10,100.
Insurance payout £20k, minus £8.5k salvage payout, minus say £300 excess = cost to ins. co. £11,200.
On the above basis, they'd write it off as it's £1,100 cheaper than repairing. It's a bit more complicated than this in reality, as they'll also factor in VAT, but if you plug in your own figures/estimates, you can probably get a fairly decent idea of what you might be able to negotiate.
Logically, if you said to them: ok, don't write the car off, but give me an £8k payout, they would be quids in, as would you. Not entirely sure, but your insurance company may be willing to do this without writing it off. You can work out the numbers and try to come to a deal that's easy for them, and saves them some hassle.
If they definitely intend to write it off either way, then if I were you I'd conclude negotiation on the payout before entering into discussions on buying the write-off. Damage doesn't look that bad, unless it's shunted the front and needs jigging.
So (I'm making up the numbers for the example..):
£10k repair + £400 related costs such as ins co. admin and hire car, minus say £300 excess = cost to ins, co. £10,100.
Insurance payout £20k, minus £8.5k salvage payout, minus say £300 excess = cost to ins. co. £11,200.
On the above basis, they'd write it off as it's £1,100 cheaper than repairing. It's a bit more complicated than this in reality, as they'll also factor in VAT, but if you plug in your own figures/estimates, you can probably get a fairly decent idea of what you might be able to negotiate.
Logically, if you said to them: ok, don't write the car off, but give me an £8k payout, they would be quids in, as would you. Not entirely sure, but your insurance company may be willing to do this without writing it off. You can work out the numbers and try to come to a deal that's easy for them, and saves them some hassle.
If they definitely intend to write it off either way, then if I were you I'd conclude negotiation on the payout before entering into discussions on buying the write-off. Damage doesn't look that bad, unless it's shunted the front and needs jigging.
lozcb
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Write off/written off figure of speech Brendan , meaning its a financial loss to them , before you even intermate that you would like to buy it back negotiate the total pay out , ( this is mandatory for you to get the best deal ) once you have agreed the payout then intermate you would consider buying the salvage for say £6K possibly £7K if they have dont catergorize it cat d or X
regards loz
Brendan
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Should know tomorrow as the insurance companie's motor engineer is visiting the garage. What do people think is a fair price to be offered?
2004(face lift) 66k fsh, receipts since 2008 totaling 15k
New Clutch 3k ago
Black with blk interior
Larinis
Paid 15.5k last month
I was hoping to get as close as possible to it
2004(face lift) 66k fsh, receipts since 2008 totaling 15k
New Clutch 3k ago
Black with blk interior
Larinis
Paid 15.5k last month
I was hoping to get as close as possible to it
Brendan
Member
- Messages
- 1,244
Good at least I am about right. Hopefully it will not be written off