Cat N and searching for insurance
Discussion
Hi, i currently have a Mini cooper insured with Rias and i am looking at purchasing a bmw series 2 convertible that is for sale under a Cat N.
I have read and understood the pros and cons of buying one , however when i put all the details in price comparison sites i dont have a option of declaring a Cat N ...The prices i have coming back are good so i am keen on taking the car on , i presume i could buy the insurance then tell them or am i making that difficult for myself as i did put the correct reg number in ...Any advise would be appreciated ..Thanks
I have read and understood the pros and cons of buying one , however when i put all the details in price comparison sites i dont have a option of declaring a Cat N ...The prices i have coming back are good so i am keen on taking the car on , i presume i could buy the insurance then tell them or am i making that difficult for myself as i did put the correct reg number in ...Any advise would be appreciated ..Thanks
den9112 said:
Many thanks all , I have just put the reg in we buy any car and their valuation of a car on the forecourt is around £11000 the one I am looking at is £7000 (private sale ) and upon putting the reg in WBAC is a whopping £770 so that’s as good as a scrap price …
It makes virtually no difference what value you put down. It will only be relevant if the car is written off, in that case they will value it as a CAT N.It shouldn't make any difference.
After a non-fault claim last year my car got made a Cat N by the insurer of the other vehicle. When my renewal came around I declared the claim to my insurer and told them the car was a Cat N. Their only requirement was to see an MOT certificate issued after the accident.
After a non-fault claim last year my car got made a Cat N by the insurer of the other vehicle. When my renewal came around I declared the claim to my insurer and told them the car was a Cat N. Their only requirement was to see an MOT certificate issued after the accident.
Many thanks all for taking time to reply and i am a lot more confident now with the car,i also did a car checker report that lines up with everything the seller as told me.. The car was windscreen front and rear damage plus headlights and rear lenses ..photos supplied .
I am also aware that if i was to sell on i could find it difficult to get shut of so i am thinking of just running it to the ground and use it as a second car ,but as said previously when i put the reg in WBAC the valuation is just £770 is that their way of saying they dont want it because its a CatN because my car checker its worth £10000 private sale .. Just find the value very low in fact its scar value ...
I am also aware that if i was to sell on i could find it difficult to get shut of so i am thinking of just running it to the ground and use it as a second car ,but as said previously when i put the reg in WBAC the valuation is just £770 is that their way of saying they dont want it because its a CatN because my car checker its worth £10000 private sale .. Just find the value very low in fact its scar value ...
Many thanks all for taking time to reply and i am a lot more confident now with the car,i also did a car checker report that lines up with everything the seller as told me.. The car was windscreen front and rear damage plus headlights and rear lenses ..photos supplied .
I am also aware that if i was to sell on i could find it difficult to get shut of so i am thinking of just running it to the ground and use it as a second car ,but as said previously when i put the reg in WBAC the valuation is just £770 is that their way of saying they dont want it because its a CatN because my car checker its worth £10000 private sale .. Just find the value very low in fact its scar value ...
I am also aware that if i was to sell on i could find it difficult to get shut of so i am thinking of just running it to the ground and use it as a second car ,but as said previously when i put the reg in WBAC the valuation is just £770 is that their way of saying they dont want it because its a CatN because my car checker its worth £10000 private sale .. Just find the value very low in fact its scar value ...
den9112 said:
Many thanks all for taking time to reply and i am a lot more confident now with the car,i also did a car checker report that lines up with everything the seller as told me.. The car was windscreen front and rear damage plus headlights and rear lenses ..photos supplied .
I am also aware that if i was to sell on i could find it difficult to get shut of so i am thinking of just running it to the ground and use it as a second car ,but as said previously when i put the reg in WBAC the valuation is just £770 is that their way of saying they dont want it because its a CatN because my car checker its worth £10000 private sale .. Just find the value very low in fact its scar value ...
WBAC are saying they don't want your car but they are keeping true to their name of buying any car so they are offering you next to nothing to make you go away basically I am also aware that if i was to sell on i could find it difficult to get shut of so i am thinking of just running it to the ground and use it as a second car ,but as said previously when i put the reg in WBAC the valuation is just £770 is that their way of saying they dont want it because its a CatN because my car checker its worth £10000 private sale .. Just find the value very low in fact its scar value ...
Mr Tidy said:
It shouldn't make any difference.
After a non-fault claim last year my car got made a Cat N by the insurer of the other vehicle. When my renewal came around I declared the claim to my insurer and told them the car was a Cat N. Their only requirement was to see an MOT certificate issued after the accident.
Blimey, why did you ever allow that? After a non-fault claim last year my car got made a Cat N by the insurer of the other vehicle. When my renewal came around I declared the claim to my insurer and told them the car was a Cat N. Their only requirement was to see an MOT certificate issued after the accident.
There is no way I would have allowed someone else's insurer to write my car off.
OP. Insurance usually reduces the value by roughly 30%, can be a bit less or more in some cases.
Traders who will touch a write off, most won't, usually reduces the value by 30-50% depending on the car and the marker.
So, as long as you understand this when it comes to pay outs or trade ins just go for it.
Ed.Neumann said:
Mr Tidy said:
It shouldn't make any difference.
After a non-fault claim last year my car got made a Cat N by the insurer of the other vehicle. When my renewal came around I declared the claim to my insurer and told them the car was a Cat N. Their only requirement was to see an MOT certificate issued after the accident.
Blimey, why did you ever allow that? After a non-fault claim last year my car got made a Cat N by the insurer of the other vehicle. When my renewal came around I declared the claim to my insurer and told them the car was a Cat N. Their only requirement was to see an MOT certificate issued after the accident.
There is no way I would have allowed someone else's insurer to write my car off.
OP. Insurance usually reduces the value by roughly 30%, can be a bit less or more in some cases.
Traders who will touch a write off, most won't, usually reduces the value by 30-50% depending on the car and the marker.
So, as long as you understand this when it comes to pay outs or trade ins just go for it.
When I was last handling motor claims in the 70s/80s we only ever recorded cars we insured not third parties' cars, but a bit of research suggested it's normal practice now (barstewards)!
But after they had deducted exactly 22% of their valuation to allow me to keep the salvage (that must be what they get from their salvage contractor) I got back just over 50% of what I paid for it 4 years earlier so it only owes me Shed money and it has made no difference at all to how it drives.
My car will be 19 years old this year and WBAC still value it around £800 so I'd never be trying to sell to trade, but it's definitely
something the OP needs to be aware of.
Mr Tidy said:
....I got back just over 50% of what I paid for it 4 years earlier so it only owes me Shed money and it has made no difference at all to how it drives.
My car will be 19 years old this year and WBAC still value it around £800 so I'd never be trying to sell to trade, but it's definitely
something the OP needs to be aware of.
Got ya! My car will be 19 years old this year and WBAC still value it around £800 so I'd never be trying to sell to trade, but it's definitely
something the OP needs to be aware of.
They paid you out on it.
I thought you meant they just put a marker on it.
Good result then really.
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