Cat D damaged TVR's

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Discussion

so called

Original Poster:

9,074 posts

208 months

Wednesday 30th July 2014
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Hi All,
Had a quick look at a couple of cars today, both of which had Cat D's to their name.
Both having prices that you could say reflect this, one was immaculate and the other not so.

As I was thinking of buying a second TVR as an investment, the Cat D point probably means that these two should not be considered but the rarity and finish of the 'good' one has got me hesitating scratchchin

Edited by so called on Friday 1st August 10:28

Chuffmeister

3,597 posts

136 months

Wednesday 30th July 2014
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If you want an investment, then you'll need a good condition motor that is completely original. 430's and 500's are the rarer models.

If you want a cheap car to blast about, then there's probably nothing wrong with a CatD, proving it is reflected in the price and you accept the price drop when you sell. Cat D may only be minor damage due to the cost of GRP repair. Not really investment material.

ChilliWhizz

11,990 posts

160 months

Thursday 31st July 2014
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Cat D fibreglass repairs, what a nonsense it is.... repaired to as good as new, costs a lot of money in repair, prep, and paint, and then it's worth less.... it's beyond me why this should be so... it's all in the mind...

Anyway, is there a value to damage repair ratio that invokes the Cat D thing? I mean if you've got a car with an agreed valuation, at what point do repair costs become unviable and it becomes Cat D?

Anyone know?

SteveSPG

2,120 posts

201 months

Thursday 31st July 2014
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ChilliWhizz said:
Cat D fibreglass repairs, what a nonsense it is.... repaired to as good as new, costs a lot of money in repair, prep, and paint, and then it's worth less.... it's beyond me why this should be so... it's all in the mind...

Anyway, is there a value to damage repair ratio that invokes the Cat D thing? I mean if you've got a car with an agreed valuation, at what point do repair costs become unviable and it becomes Cat D?

Anyone know?
insurers have scales for all that stuff, but it also depends on stuff like hire cars and wether the "all in" cost makes it unviable, its not just the car repair to consider

so when TVR went bump and parts supplies were interrupted, cars were more quickly cat d'd as they could sit around for a while costing storage and hire car costs for the insurer vs just writing it off.

now there is more of a repair market with parts available it doesn't happen so readily though I'm sure there are exceptions

i sold a cobra with an agreed value of 30k. it was wrecked the next day. written off as a cat D once the identified repairs hit 20k...just an example I'm aware of for a fibreglass car

Edited by SteveSPG on Thursday 31st July 15:47

Pink_Floyd

900 posts

220 months

Thursday 31st July 2014
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ChilliWhizz said:
Cat D fibreglass repairs, what a nonsense it is.... repaired to as good as new, costs a lot of money in repair, prep, and paint, and then it's worth less.... it's beyond me why this should be so... it's all in the mind...
Anyway, is there a value to damage repair ratio that invokes the Cat D thing? I mean if you've got a car with an agreed valuation, at what point do repair costs become unviable and it becomes Cat D?
Anyone know?
Recently had mine clasified as a cat D, once repair cost get to be more than the value of the car - salvage then its cat D. As an example Value of car £2000, salvage is £1000 so if it costs more than £1000 it will probably be cat D. If repair is in excess of £2000 then it wil become a cat C.
So from the insurance point of view, they pay you £2000 they sell it to scrap/breaker for £1000 so real cost to them is really £1000, so if it costs more than £1000 it is costing them more.

Rib

2,548 posts

188 months

Thursday 31st July 2014
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I might well be selling my low mileage 430 chim if it's of any interest?

ChilliWhizz

11,990 posts

160 months

Friday 1st August 2014
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Pink_Floyd said:
ChilliWhizz said:
Cat D fibreglass repairs, what a nonsense it is.... repaired to as good as new, costs a lot of money in repair, prep, and paint, and then it's worth less.... it's beyond me why this should be so... it's all in the mind...
Anyway, is there a value to damage repair ratio that invokes the Cat D thing? I mean if you've got a car with an agreed valuation, at what point do repair costs become unviable and it becomes Cat D?
Anyone know?
Recently had mine clasified as a cat D, once repair cost get to be more than the value of the car - salvage then its cat D. As an example Value of car £2000, salvage is £1000 so if it costs more than £1000 it will probably be cat D. If repair is in excess of £2000 then it wil become a cat C.
So from the insurance point of view, they pay you £2000 they sell it to scrap/breaker for £1000 so real cost to them is really £1000, so if it costs more than £1000 it is costing them more.
Right... So if this happens after three years of paying them 400 quid a year they've actually made money from your loss..... Not having a go at insurance companies, at the end of the day they have to make money to continue trading....

so called

Original Poster:

9,074 posts

208 months

Friday 1st August 2014
quotequote all
Rib said:
I might well be selling my low mileage 430 chim if it's of any interest?
Thanks but I've had two Chimaera's in the past and want to buy something I've not tried.

philipbrown123

406 posts

116 months

Friday 1st August 2014
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I used to have a Jaguar xk8 which was a Cat D. It was very difficult to get a decent price for it when I came to trade it in. Several garages did not want to know, a couple were offering just half of the normal book price. I did eventually get approx. 2/3rd of normal book price against a tvr chimera.

N7GTX

7,822 posts

142 months

Friday 1st August 2014
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After a small shunt up the bum, my DB7 went into the dealer for repair. The repair quote was £6,000 all in. The car was worth around £18,000 at the time. Admiral authorised the work and I asked them at what point it would have been written off. They said once the cost of the repair reached £12,000 - 2/3rds - they would have to consider it but where the car was a rare model/type, this could be raised in some circumstances and would have been for the Aston.
Perhaps every situation is treated differently?

The Surveyor

7,576 posts

236 months

Friday 1st August 2014
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ChilliWhizz said:
Right... So if this happens after three years of paying them 400 quid a year they've actually made money from your loss......
Or put another way, they've actually made £1,000 less from you as a customer than they would if you hadn't made the claim thumbup

Paul