Does an insurance repair affect value?
Discussion
Just after some thoughts from whoever wants to give me their views....
How (if at all) do you think a Tuscan's value would be affected if it had been satisfactorily TVR specialist repaired as an insurance claim (assume both fibreglass and some minor chassis repairs). Would it put you off buying it or no problems at all if it had been done properly?
I've had a quick search of the forums and whilst there is a lot on costs of resurrecting cat D cars, repair of cars which didn't get written off doesn't really get covered.
Cheers, Rick
How (if at all) do you think a Tuscan's value would be affected if it had been satisfactorily TVR specialist repaired as an insurance claim (assume both fibreglass and some minor chassis repairs). Would it put you off buying it or no problems at all if it had been done properly?
I've had a quick search of the forums and whilst there is a lot on costs of resurrecting cat D cars, repair of cars which didn't get written off doesn't really get covered.
Cheers, Rick
It depends upon the extent of the damage, and the quality of the repair.
Any TVR that is used will pick up stone chips and scrapes so front-end reprays and minor repairs are actually quite common and wouldn't be seen as a negative regarding value. If the car had been through a hedge and had lots of repairs then it would be less desirable than a non-damage/repaired car if you could ever find two identical cars to compare prices like-for-like. The key is the quality of the repair and the extent of any 'chassis' damage. If this was just a bent wishbone and twisted suspension hanger, no problem, however if it was a twisted main rail I would be more concerned and personally I wouldn't touch it no matter what price of the car was.
The cars are relatively rare and if the car has had some minor damage and is priced accordingly, use it as a negotiation rather than a reason to walk away from a car that would otherwise appeal.
What are you looking for as I've a Tuscan for sale in the classified?
Paul
Any TVR that is used will pick up stone chips and scrapes so front-end reprays and minor repairs are actually quite common and wouldn't be seen as a negative regarding value. If the car had been through a hedge and had lots of repairs then it would be less desirable than a non-damage/repaired car if you could ever find two identical cars to compare prices like-for-like. The key is the quality of the repair and the extent of any 'chassis' damage. If this was just a bent wishbone and twisted suspension hanger, no problem, however if it was a twisted main rail I would be more concerned and personally I wouldn't touch it no matter what price of the car was.
The cars are relatively rare and if the car has had some minor damage and is priced accordingly, use it as a negotiation rather than a reason to walk away from a car that would otherwise appeal.
What are you looking for as I've a Tuscan for sale in the classified?
Paul
Edited by The Surveyor on Thursday 25th June 16:27
Cat D is a joke on TVR,s the extent of the damage has little to do with if its cat D or not
what makes a TVR with a fender bender Cat D
1 if it does not run after the accident
could be just the radiator, but nobody will quote a fixed price to the insurance company, for this work on a speed six car
2 If the paint is expensive and hard to match
3 the time scale a specialist can fit the repair in, he may have 3 cars waiting or no work
costs of hire car etc to insurance company
4 availability of new parts
5 high resale value of salvage
my car was Cat D because the fuel rail was knocked back 10mm so a none runner
.
what makes a TVR with a fender bender Cat D
1 if it does not run after the accident
could be just the radiator, but nobody will quote a fixed price to the insurance company, for this work on a speed six car
2 If the paint is expensive and hard to match
3 the time scale a specialist can fit the repair in, he may have 3 cars waiting or no work
costs of hire car etc to insurance company
4 availability of new parts
5 high resale value of salvage
my car was Cat D because the fuel rail was knocked back 10mm so a none runner
.
Edited by Walford on Thursday 25th June 17:13
Gassing Station | Tuscan | Top of Page | What's New | My Stuff