Explain the "write off" decision for me...
Discussion
I know it seems a bit bizarre to say, but is this not a really good situation to be in?
If you have a motor that is your pride and joy it seems like a pain, but if your current car is a bit of a workhorse and you're not overly bothered about it then it works out, no?
You'll make what, almost around 3k from the car after buying it back and repairing it? And you have a car that'll be in slightly worse condition which by the time you sell it will be worth 400 quid tops less than a non-cat car?
Anyway a lot of messing around, sure - but not all bad is all I mean.
If you have a motor that is your pride and joy it seems like a pain, but if your current car is a bit of a workhorse and you're not overly bothered about it then it works out, no?
You'll make what, almost around 3k from the car after buying it back and repairing it? And you have a car that'll be in slightly worse condition which by the time you sell it will be worth 400 quid tops less than a non-cat car?
Anyway a lot of messing around, sure - but not all bad is all I mean.
Buy it back for say £500 and fix it yourself for a tenth of the cost.
I have had two motors 'non economical to repair'
My Audi was worth about £4k, small knock to wrote bumper, dodgy bodyshop quoted £4.5k to fix it, the data sheet was things like 'removed rear light' at £50 or something. They were just removing things to bump up the cost. Anyway the seemed to have over egged it and it was written off. Bought it back for £800 and fixed it for £300.
Second car a Jaaaggg was hit and needed just a new wing. They quoted something like £3250 to fix it. It was written off and I bought it back for £1500 and fixed it for £500.
I have had two motors 'non economical to repair'
My Audi was worth about £4k, small knock to wrote bumper, dodgy bodyshop quoted £4.5k to fix it, the data sheet was things like 'removed rear light' at £50 or something. They were just removing things to bump up the cost. Anyway the seemed to have over egged it and it was written off. Bought it back for £800 and fixed it for £300.
Second car a Jaaaggg was hit and needed just a new wing. They quoted something like £3250 to fix it. It was written off and I bought it back for £1500 and fixed it for £500.
silver1011 said:
So £4K for the Citroen, and let's assume another £4K for the bloke she hit.
An £8K claim?
They will get their money back from you in increased premiums in the coming years.
I'd be looking to minimise the claim and leaving the Citroen out of it. Run it as is. Like you say in a few years it'll be a shed anyway. The dent will serve as a subtle daily reminder to your wife to pay more attention.
A £4K lumper might sound appealing but insurance companies don't give out £4,000 for free. Over the next 10 years you'll pay it back plus interest.
She's still going to have a fault claim against her, I suspect the difference between a £4k fault claim and an £8k fault claim on premiums is negligible?!An £8K claim?
They will get their money back from you in increased premiums in the coming years.
I'd be looking to minimise the claim and leaving the Citroen out of it. Run it as is. Like you say in a few years it'll be a shed anyway. The dent will serve as a subtle daily reminder to your wife to pay more attention.
A £4K lumper might sound appealing but insurance companies don't give out £4,000 for free. Over the next 10 years you'll pay it back plus interest.
amstrange1 said:
silver1011 said:
So £4K for the Citroen, and let's assume another £4K for the bloke she hit.
An £8K claim?
They will get their money back from you in increased premiums in the coming years.
I'd be looking to minimise the claim and leaving the Citroen out of it. Run it as is. Like you say in a few years it'll be a shed anyway. The dent will serve as a subtle daily reminder to your wife to pay more attention.
A £4K lumper might sound appealing but insurance companies don't give out £4,000 for free. Over the next 10 years you'll pay it back plus interest.
She's still going to have a fault claim against her, I suspect the difference between a £4k fault claim and an £8k fault claim on premiums is negligible?!An £8K claim?
They will get their money back from you in increased premiums in the coming years.
I'd be looking to minimise the claim and leaving the Citroen out of it. Run it as is. Like you say in a few years it'll be a shed anyway. The dent will serve as a subtle daily reminder to your wife to pay more attention.
A £4K lumper might sound appealing but insurance companies don't give out £4,000 for free. Over the next 10 years you'll pay it back plus interest.
If theres going to be a claim in anyway (and possibly whiplash claim too) then i'd put through for the Citroen too.
Jonno02 said:
Well, let me give you a little bit of my own experience.
2012 Leon FR+ rear ended. Huge damage, the total cost of repair was 80% of the car. I had 4 brand new wheels as each wheel was damaged beyond repair. £500 a wheel. 1 year later, each wheel top coat is peeling and bubbling. Make of that what you will.
2 years warranty on all genuine VWG parts, might be worth taking back to the repairer to set the wheels in motion for a warranty claim.2012 Leon FR+ rear ended. Huge damage, the total cost of repair was 80% of the car. I had 4 brand new wheels as each wheel was damaged beyond repair. £500 a wheel. 1 year later, each wheel top coat is peeling and bubbling. Make of that what you will.
As long as the wheels aren't kerbed, you might get somewhere.
Shwar25 said:
Jonno02 said:
Well, let me give you a little bit of my own experience.
2012 Leon FR+ rear ended. Huge damage, the total cost of repair was 80% of the car. I had 4 brand new wheels as each wheel was damaged beyond repair. £500 a wheel. 1 year later, each wheel top coat is peeling and bubbling. Make of that what you will.
2 years warranty on all genuine VWG parts, might be worth taking back to the repairer to set the wheels in motion for a warranty claim.2012 Leon FR+ rear ended. Huge damage, the total cost of repair was 80% of the car. I had 4 brand new wheels as each wheel was damaged beyond repair. £500 a wheel. 1 year later, each wheel top coat is peeling and bubbling. Make of that what you will.
As long as the wheels aren't kerbed, you might get somewhere.
Ok....part 2.
Assuming that it becomes a CAT C (value of repairs exceeds value of the vehicle)
What are the practical stages
1) We argue and settle on the valuation, and that we wish to keep the car.
2) We send off the documents to the insurance, and apply for a new V5C (which will have the CAT C marker on it)
3) Am I correct in thinking that at no point is the car taken/moved by the insurance company or their agents.
4) I see the VIC test has gone, does our current (and very recent) MOT still stay in force, or do I need a new one ?
5) Do the insurance company cancel the policy, and do we have to start again ?
6) Can we use the car throughout the whole of this process !
Thank you in advance to anyone who knows (not guess) the answers.
Assuming that it becomes a CAT C (value of repairs exceeds value of the vehicle)
What are the practical stages
1) We argue and settle on the valuation, and that we wish to keep the car.
2) We send off the documents to the insurance, and apply for a new V5C (which will have the CAT C marker on it)
3) Am I correct in thinking that at no point is the car taken/moved by the insurance company or their agents.
4) I see the VIC test has gone, does our current (and very recent) MOT still stay in force, or do I need a new one ?
5) Do the insurance company cancel the policy, and do we have to start again ?
6) Can we use the car throughout the whole of this process !
Thank you in advance to anyone who knows (not guess) the answers.
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