£12,000 355 GTS
Discussion
It will be interesting to see what this cat "C" 355 goes for. 9 days left at 12K so far. Cant see any reserve on it. The buyer says he bought the car for £28750.00 what ever that figure is i dont know.
I notice the pictures are dated mid 2009, does anyone know this car? What damage did it sustain?
http://cgi.ebay.co.uk/1995-FERRARI-F355-FERRARI-35...
I notice the pictures are dated mid 2009, does anyone know this car? What damage did it sustain?
http://cgi.ebay.co.uk/1995-FERRARI-F355-FERRARI-35...
Edited by ferrari spider on Friday 12th February 19:10
Its my understanding that a cat C car means that to repair the car would cost more than the cars worth.
So if this 355 was valued at 35K. Then the damage would be so great, it would not be viable for the insurance to pay out on it. So by that, the car must have had severe damage to it. more than a few tiles on the roof, maybe the engine cover,rear wings,front hood,light pods ect and the front wings. I can see another way to justify a cat C with a few tiles on the roof.
But if the car did go for less than say 15k it has to be a good buy and a keeper.
So if this 355 was valued at 35K. Then the damage would be so great, it would not be viable for the insurance to pay out on it. So by that, the car must have had severe damage to it. more than a few tiles on the roof, maybe the engine cover,rear wings,front hood,light pods ect and the front wings. I can see another way to justify a cat C with a few tiles on the roof.
But if the car did go for less than say 15k it has to be a good buy and a keeper.
ferrari spider said:
...But if the car did go for less than say 15k it has to be a good buy and a keeper.
Bid now at £16kFrom the ad the seller paid £28,570 for it - in its damaged condition
'When I bought this of ebay in its damaged condition there were lots of people bidding and I paid £28750.00'
Edited by Andy 308GTB on Saturday 13th February 18:13
Andy 308GTB said:
ferrari spider said:
...But if the car did go for less than say 15k it has to be a good buy and a keeper.
Bid now at £16kFrom the ad the seller paid £28,570 for it - in its damaged condition
'When I bought this of ebay in its damaged condition there were lots of people bidding and I paid £28750.00'
Edited by Andy 308GTB on Saturday 13th February 18:13
It is perfectly acceptable to put a cat "C" back on the road.. I would think ferrari prices are what promted the insurance company to payout on the car or the owner demanded a payout?
Any way if it is put back together properly @ anything around 18-20k it is a cracking price. Same car undamaged would command 33-38k?
Any way if it is put back together properly @ anything around 18-20k it is a cracking price. Same car undamaged would command 33-38k?
I can't see anything wrong with CAT C, D's as long as they are declared as such. After all, many of the classics would be uneconomical to repair due to rust, fire damage, accidents etc. yet no one seems to see these in the same light once they have been restored.
Cat D is usually cosmetic damage, uneconomical to repair.
Cat C usually has an element of chassis suspension damage, and requires a test to be put back on the road.
Cat D is usually cosmetic damage, uneconomical to repair.
Cat C usually has an element of chassis suspension damage, and requires a test to be put back on the road.
Allandwf said:
I can't see anything wrong with CAT C, D's as long as they are declared as such. After all, many of the classics would be uneconomical to repair due to rust, fire damage, accidents etc. yet no one seems to see these in the same light once they have been restored.
Cat D is usually cosmetic damage, uneconomical to repair.
Cat C usually has an element of chassis suspension damage, and requires a test to be put back on the road.
Neither needs a test - you can have them Autoligned - the car still stays on the register though. Not sure why you think that Cat C involves suspension damage though?Cat D is usually cosmetic damage, uneconomical to repair.
Cat C usually has an element of chassis suspension damage, and requires a test to be put back on the road.
Categories Of Write-Off
An explanation of the categories of write-off are listed below:
Category A A vehicle which should have been totally crushed, including all its spare parts. Category B A vehicle from which spare parts may be salvaged, but the bodyshell should have been crushed and the car should never return to the road. Category C An extensively damaged vehicle which the insurer has decided not to repair, but which could be repaired and returned to the road. Category D A damaged vehicle which the insurer has decided not to repair, but which could be repaired and returned to the road. Category F A vehicle damaged by fire, which the insurer has decided not to repair. Theft These vehicles have not been recovered and ownership rests with the insurer who made the total loss payment. They are able to repossess the car as soon as it is identified, even if it has been bought innocently. Vehicles categorised as A, B or C require a VIC test before the DVLA will issue a new registration document. This will then be noted on the V5C. See www.dvla.gov.uk for more information on VIC testing.
The above should clarify things. I just stated that the majority of Cat C's I had seen for sale had suspension damage, not that it was an indication that they HAD suspension damage. Sorry for any misunderstandings.
An explanation of the categories of write-off are listed below:
Category A A vehicle which should have been totally crushed, including all its spare parts. Category B A vehicle from which spare parts may be salvaged, but the bodyshell should have been crushed and the car should never return to the road. Category C An extensively damaged vehicle which the insurer has decided not to repair, but which could be repaired and returned to the road. Category D A damaged vehicle which the insurer has decided not to repair, but which could be repaired and returned to the road. Category F A vehicle damaged by fire, which the insurer has decided not to repair. Theft These vehicles have not been recovered and ownership rests with the insurer who made the total loss payment. They are able to repossess the car as soon as it is identified, even if it has been bought innocently. Vehicles categorised as A, B or C require a VIC test before the DVLA will issue a new registration document. This will then be noted on the V5C. See www.dvla.gov.uk for more information on VIC testing.
The above should clarify things. I just stated that the majority of Cat C's I had seen for sale had suspension damage, not that it was an indication that they HAD suspension damage. Sorry for any misunderstandings.
rubystone said:
...yeah right. Cat C - serious damage - Cat D is when it is uneconomical to repair when all costs of the claim are taken into account. No one would pay that kind of money for an early car in Gialo Fly...unless of course, it was undeclared...Mind you, the vendor doesn't sound like he builds Saturn Vs does he?
IMHO the things missing from the puzzle, are: when the vendor bought the car and what parts were repaired during the respray, that the insurance co thought needed replacing for the initial claim / repair.Its amazing what a competant tin basher can do with a hammer, dolly and filler, coupled with using second hand bits where possible, bringing a £30k repair bill down to less than £6-7k
Roony said:
It is perfectly acceptable to put a cat "C" back on the road.. I would think ferrari prices are what promted the insurance company to payout on the car or the owner demanded a payout?
Any way if it is put back together properly @ anything around 18-20k it is a cracking price. Same car undamaged would command 33-38k?
There are a few good £35k 355s around.Any way if it is put back together properly @ anything around 18-20k it is a cracking price. Same car undamaged would command 33-38k?
Q and A at the bottom of the ad...
[i]Hi, Can you please detail the damage that the car sustained? Was there any strutural damage or was it all body panels? Thanks, Adam
A: cosmetic damage only, no panels were changed the only new part was the windscreen.[/i]
I don't think he said WHEN he bought it, but £29k for a CatC DAMAGED 355 (he says he bought it in it's damaged state) and to then have the cost of repair on top of that....seems surprising.
I think cars like this, so long as inspected very very properly and by the right guys, could provide great value for someone.
As another poster mentioned above - it happens to classic cars all the time and yet they still retain their convenance.
[i]Hi, Can you please detail the damage that the car sustained? Was there any strutural damage or was it all body panels? Thanks, Adam
A: cosmetic damage only, no panels were changed the only new part was the windscreen.[/i]
I don't think he said WHEN he bought it, but £29k for a CatC DAMAGED 355 (he says he bought it in it's damaged state) and to then have the cost of repair on top of that....seems surprising.
I think cars like this, so long as inspected very very properly and by the right guys, could provide great value for someone.
As another poster mentioned above - it happens to classic cars all the time and yet they still retain their convenance.
Buy it, have it inspected here for £265
http://www.autoligninspections.co.uk/inspections.h...
They clear the mark on the HPI register and then you could sell on.
http://www.autoligninspections.co.uk/inspections.h...
They clear the mark on the HPI register and then you could sell on.
The difference between cat C & D is really just down to the assessor who sees the damage on the day. In terms of affect on value, there should be no difference.
This thread is a perfect example of why cars that are recorded as damaged and repaired are often considered a huge no-no by the car buying public... because very people seem to understand how massively flawed the system is. I know of a cat B 360 spider that was in a flood BELOW the sills and that car is perfect... yet according the write off classification it should be broken for parts. Insurance write-off policies, assessors and the categorisation system are a complete farce in my opinion.
Also last time this car was advertised/sold on ebay it had already been repaired.
Cheers,
Bryn.
This thread is a perfect example of why cars that are recorded as damaged and repaired are often considered a huge no-no by the car buying public... because very people seem to understand how massively flawed the system is. I know of a cat B 360 spider that was in a flood BELOW the sills and that car is perfect... yet according the write off classification it should be broken for parts. Insurance write-off policies, assessors and the categorisation system are a complete farce in my opinion.
Also last time this car was advertised/sold on ebay it had already been repaired.
Cheers,
Bryn.
was8v said:
Buy it, have it inspected here for £265
http://www.autoligninspections.co.uk/inspections.h...
They clear the mark on the HPI register and then you could sell on.
I'm astonished that for £265 that can happen. The website says exactly that, so you're correct, but I am totally baffled.http://www.autoligninspections.co.uk/inspections.h...
They clear the mark on the HPI register and then you could sell on.
TonyHetherington said:
was8v said:
Buy it, have it inspected here for £265
http://www.autoligninspections.co.uk/inspections.h...
They clear the mark on the HPI register and then you could sell on.
I'm astonished that for £265 that can happen. The website says exactly that, so you're correct, but I am totally baffled.http://www.autoligninspections.co.uk/inspections.h...
They clear the mark on the HPI register and then you could sell on.
bryn_p said:
The difference between cat C & D is really just down to the assessor who sees the damage on the day. In terms of affect on value, there should be no difference.
This thread is a perfect example of why cars that are recorded as damaged and repaired are often considered a huge no-no by the car buying public... because very people seem to understand how massively flawed the system is. I know of a cat B 360 spider that was in a flood BELOW the sills and that car is perfect... yet according the write off classification it should be broken for parts. Insurance write-off policies, assessors and the categorisation system are a complete farce in my opinion.
Also last time this car was advertised/sold on ebay it had already been repaired.
Cheers,
Bryn.
+1 - its flawed to just look on the HPI register.This thread is a perfect example of why cars that are recorded as damaged and repaired are often considered a huge no-no by the car buying public... because very people seem to understand how massively flawed the system is. I know of a cat B 360 spider that was in a flood BELOW the sills and that car is perfect... yet according the write off classification it should be broken for parts. Insurance write-off policies, assessors and the categorisation system are a complete farce in my opinion.
Also last time this car was advertised/sold on ebay it had already been repaired.
Cheers,
Bryn.
How many have been repaired without ever going through insurance? You will never know the true history of any used car!
An expert eye should pick out hidden poor repairs. But if its been done well enough, no one will ever know and it won't be an issue because the car will be like new.
CAT register should really be ignored, but because it isn't it means bargains like this crop up. Just be sure to carefully check the standard of any repair either yourself or with an expert.
I suspect this car was damaged then repaired. Then the roof tiles fell on it and it was repaired a second time.
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