Cat D damaged TVR's
Discussion
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
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
Edited by so called on Friday 1st August 10:28
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.
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.
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?
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?
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 considerAnyway, 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?
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
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.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?
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.
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.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?
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.
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.
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?
Perhaps every situation is treated differently?
Gassing Station | General TVR Stuff & Gossip | Top of Page | What's New | My Stuff