What an utter waste.
Discussion
Following on from this thread:
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Have a look at this:
http://www.telegraph.co.uk/news/uknews/11380406/Ro...
Go on then, I'll give you triple the scrap value and promise to scrap it when I have finished with it and no comebacks..
http://www.pistonheads.com/gassing/topic.asp?h=0&a...
Have a look at this:
http://www.telegraph.co.uk/news/uknews/11380406/Ro...
Go on then, I'll give you triple the scrap value and promise to scrap it when I have finished with it and no comebacks..
Cemesis said:
Sold as seen for parts, no warranty given or implied with 20 pages of legal explanation and that's got to be enough. If they scrap £35 million worth of cars for that then the whole process needs an overhaul
It'll come of the transporters insurance, at which point the car companies will recover 100% of the value. Selling them to someone cheap means less considerably lower than 100% value, combined with still having liability. Manufacturers can't do 'sold as seen'.Shame, but it does make perfect sense.
xxChrisxx said:
Cemesis said:
Sold as seen for parts, no warranty given or implied with 20 pages of legal explanation and that's got to be enough. If they scrap £35 million worth of cars for that then the whole process needs an overhaul
It'll come of the transporters insurance, at which point the car companies will recover 100% of the value. Selling them to someone cheap means less considerably lower than 100% value, combined with still having liability. Manufacturers can't do 'sold as seen'.Shame, but it does make perfect sense.
V8RX7 said:
But surely once the Boat's insurers have paid out - they will then own them and they will want to get as much of their money back as possible by putting them through a salvage auction.
I wonder if it'll be written into the contract that they can't? I certainly can't see Rolls Royce being keen on having even a handful of cars out there which have been sitting in just about the worst possible conditions for creating rust. No parts will be re-used, all into the recycling bin. Just not worth the potential hassle of future claims.
Certainly not worth the man-hours to strip them down, and try to get the parts back onto the production line, it really isn't. The only other possible option is for them to be recycled as donor cars for test and development, but thats a helluva fleet to find storage for!
Certainly not worth the man-hours to strip them down, and try to get the parts back onto the production line, it really isn't. The only other possible option is for them to be recycled as donor cars for test and development, but thats a helluva fleet to find storage for!
They'll get the insurance money, they'll make some more cars which they can sell without fear of getting sued or those cars having higher than normal warranty costs and keep their reputation intact.
They'll scrap those cars ensuring that none of them or their component parts get sold, thus ensuring their parts operations sales.
They'd be risking alot more than any financial loss between the cost and insurance payout if they didn't scrap them.
They'll scrap those cars ensuring that none of them or their component parts get sold, thus ensuring their parts operations sales.
They'd be risking alot more than any financial loss between the cost and insurance payout if they didn't scrap them.
I think "crushing" is media speculation, built on miss understanding the manufacturers writing them off. They will not want them to going to the original customers and will be paid out by the insurance company. The original customers will get replacements and JLR etc have what amounts to few extra sales.
However once title on the written off vehicles has passed to the insurance company they will do what they usually do and dispose of them through auctions.
Martin4x4 said:
I think "crushing" is media speculation, built on miss understanding the manufacturers writing them off. They will not want them to going to the original customers and will be paid out by the insurance company. The original customers will get replacements and JLR etc have what amounts to few extra sales.
However once title on the written off vehicles has passed to the insurance company they will do what they usually do and dispose of them through auctions.
I'd be inclined to believe that JLR products may be sold on. There is no chance that Rolls Royce will allow them to be sold on. When your brand values are built around perfection and exclusivity, it wouldn't make sense to let a bunch of now sullied goods into the open market.However once title on the written off vehicles has passed to the insurance company they will do what they usually do and dispose of them through auctions.
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