How to maximise situation. Insurance? Sell Broken?
Discussion
Hey all,
I have a conundrum. And a very broken MX-5.
I have a mk1 with 100k miles on it, and the other day the engine popped, the head is warped, it has no hope. The car is otherwise in pretty good condition, I had all the rusty sills done last year, new roof, splendid times. Just no engine.
However I was planning on selling it just before this happened anyway, time for pastures new.
I don't have the skills to change the engine myself, so even if I could get a cheap engine, it would cost me all my money in labour.
While the car was still working, I was hoping for £1500-£2000 for it, however now that the engine is gone I think I could probably get £500-750.
I'm about to get a call from the people who have my car and they're going to tell me it'll be anywhere from £500-1500 to drop a new engine in. If it's very high, I'm definitely just going to sell it without an engine, I've already had some interest in that.
The option I wanted to know more about was insurance, It's valued at £2k on my insurance, is there any way I can write it off and get £value-£excess for it? I only have 1 year of NCB so don't really mind losing that I suppose. Is that a possibility? I've never really had to claim anything on insurance. I'm also not sure if I can just phone up and talk to them without starting some kind of claim process when it turns out I'd rather just sell it myself.
Poor leaky, it's had a good life, but I'm definitely happy to get rid of it.
I have a conundrum. And a very broken MX-5.
I have a mk1 with 100k miles on it, and the other day the engine popped, the head is warped, it has no hope. The car is otherwise in pretty good condition, I had all the rusty sills done last year, new roof, splendid times. Just no engine.
However I was planning on selling it just before this happened anyway, time for pastures new.
I don't have the skills to change the engine myself, so even if I could get a cheap engine, it would cost me all my money in labour.
While the car was still working, I was hoping for £1500-£2000 for it, however now that the engine is gone I think I could probably get £500-750.
I'm about to get a call from the people who have my car and they're going to tell me it'll be anywhere from £500-1500 to drop a new engine in. If it's very high, I'm definitely just going to sell it without an engine, I've already had some interest in that.
The option I wanted to know more about was insurance, It's valued at £2k on my insurance, is there any way I can write it off and get £value-£excess for it? I only have 1 year of NCB so don't really mind losing that I suppose. Is that a possibility? I've never really had to claim anything on insurance. I'm also not sure if I can just phone up and talk to them without starting some kind of claim process when it turns out I'd rather just sell it myself.
Poor leaky, it's had a good life, but I'm definitely happy to get rid of it.
Salgar said:
Hey all,
I have a conundrum. And a very broken MX-5.
I have a mk1 with 100k miles on it, and the other day the engine popped, the head is warped, it has no hope. The car is otherwise in pretty good condition, I had all the rusty sills done last year, new roof, splendid times. Just no engine.
However I was planning on selling it just before this happened anyway, time for pastures new.
I don't have the skills to change the engine myself, so even if I could get a cheap engine, it would cost me all my money in labour.
While the car was still working, I was hoping for £1500-£2000 for it, however now that the engine is gone I think I could probably get £500-750.
I'm about to get a call from the people who have my car and they're going to tell me it'll be anywhere from £500-1500 to drop a new engine in. If it's very high, I'm definitely just going to sell it without an engine, I've already had some interest in that.
The option I wanted to know more about was insurance, It's valued at £2k on my insurance, is there any way I can write it off and get £value-£excess for it? I only have 1 year of NCB so don't really mind losing that I suppose. Is that a possibility? I've never really had to claim anything on insurance. I'm also not sure if I can just phone up and talk to them without starting some kind of claim process when it turns out I'd rather just sell it myself.
Poor leaky, it's had a good life, but I'm definitely happy to get rid of it.
Do you have some sort of special insurance policy that covers mechanical faults or something ????I have a conundrum. And a very broken MX-5.
I have a mk1 with 100k miles on it, and the other day the engine popped, the head is warped, it has no hope. The car is otherwise in pretty good condition, I had all the rusty sills done last year, new roof, splendid times. Just no engine.
However I was planning on selling it just before this happened anyway, time for pastures new.
I don't have the skills to change the engine myself, so even if I could get a cheap engine, it would cost me all my money in labour.
While the car was still working, I was hoping for £1500-£2000 for it, however now that the engine is gone I think I could probably get £500-750.
I'm about to get a call from the people who have my car and they're going to tell me it'll be anywhere from £500-1500 to drop a new engine in. If it's very high, I'm definitely just going to sell it without an engine, I've already had some interest in that.
The option I wanted to know more about was insurance, It's valued at £2k on my insurance, is there any way I can write it off and get £value-£excess for it? I only have 1 year of NCB so don't really mind losing that I suppose. Is that a possibility? I've never really had to claim anything on insurance. I'm also not sure if I can just phone up and talk to them without starting some kind of claim process when it turns out I'd rather just sell it myself.
Poor leaky, it's had a good life, but I'm definitely happy to get rid of it.
(You do know that insurance only covers accidents, right?)
Get it towed to the top of a steep hill, wait until it's quiet then drive it down the hill and into something solid.
You can then say that the engine siezed and stopped the brakes working hence the crash.
I doubt that the insurance company will do any checks, after all they pay out millions every week who do this type of fraud for a living.
If you get caught I doubt you will get put inside for a first offence.
Don't forget to report back !
You can then say that the engine siezed and stopped the brakes working hence the crash.
I doubt that the insurance company will do any checks, after all they pay out millions every week who do this type of fraud for a living.
If you get caught I doubt you will get put inside for a first offence.
Don't forget to report back !
redstu said:
Get it towed to the top of a steep hill, wait until it's quiet then drive it down the hill and into something solid.
You can then say that the engine siezed and stopped the brakes working hence the crash.
I doubt that the insurance company will do any checks, after all they pay out millions every week who do this type of fraud for a living.
If you get caught I doubt you will get put inside for a first offence.
Don't forget to report back !
Except companies can and do trawl forums - and in fact, outsource to companies to collate them the info as it's a low cost way of mitigating fraudulent claims. You can then say that the engine siezed and stopped the brakes working hence the crash.
I doubt that the insurance company will do any checks, after all they pay out millions every week who do this type of fraud for a living.
If you get caught I doubt you will get put inside for a first offence.
Don't forget to report back !
Especially as some posters put their full name up in their profile - it becomes an easy case warranting investigation...
It wasn't intended as a serious solution!
However it's good to know that the insurance companies are trying to cut down on fraud, as we all know who pays for it.
However it does seem that organized gangs can commit fraud repeatedly , surely it must ring alarm bells that they are so accident prone, unless of course that the gang also have someone on the inside as well.
However it's good to know that the insurance companies are trying to cut down on fraud, as we all know who pays for it.
However it does seem that organized gangs can commit fraud repeatedly , surely it must ring alarm bells that they are so accident prone, unless of course that the gang also have someone on the inside as well.
1) Buy an MX 5 tech manual
2) Buy a decent set of tools from halfords, prob £150 for all you will need.
3) Book a Saturday/Sunday off with the better half, ask to perform tea/feeding duties
3) Bribe 1 or 2 mates with beer/BBQ/Pizza
4) Remove engine from car
5) Fit new engine you bought off Ebay for £250
6) Revel in the enjoyment of driving a working MX5 you fixed, the quality time you spent with your mates, and the new found mechanical knowlegde you now have.
2) Buy a decent set of tools from halfords, prob £150 for all you will need.
3) Book a Saturday/Sunday off with the better half, ask to perform tea/feeding duties
3) Bribe 1 or 2 mates with beer/BBQ/Pizza
4) Remove engine from car
5) Fit new engine you bought off Ebay for £250
6) Revel in the enjoyment of driving a working MX5 you fixed, the quality time you spent with your mates, and the new found mechanical knowlegde you now have.
Hey all,
You're right I hadn't read my policy yet, hence the question, and I've never had to deal with an insurance company before in any way.
So the garage has got back to me saying they have an engine and can fit it for £700. They think I'd only get £500 for a broken car and around £1500 when it's fixed.
Yep the engine overheated and has a warped head, although they're not sure exactly where without taking it apart. They said it'd be cheaper for me for them to just put a new engine in.
I would gladly buy an engine myself and learn to fit it, I even already have all the tools required (except the hoist), but I don't have the space at the moment, I have a communal garage where they're not a massive fan of me doing long term work on my car, and this would be quite long term considering I have no idea what I'm doing, and don't have a great deal of mechanic friends living near by.
Would people agree with those prices? for a broken/fixed car? The car has 100k miles on it but is in fairly good condition otherwise.
You're right I hadn't read my policy yet, hence the question, and I've never had to deal with an insurance company before in any way.
So the garage has got back to me saying they have an engine and can fit it for £700. They think I'd only get £500 for a broken car and around £1500 when it's fixed.
Yep the engine overheated and has a warped head, although they're not sure exactly where without taking it apart. They said it'd be cheaper for me for them to just put a new engine in.
I would gladly buy an engine myself and learn to fit it, I even already have all the tools required (except the hoist), but I don't have the space at the moment, I have a communal garage where they're not a massive fan of me doing long term work on my car, and this would be quite long term considering I have no idea what I'm doing, and don't have a great deal of mechanic friends living near by.
Would people agree with those prices? for a broken/fixed car? The car has 100k miles on it but is in fairly good condition otherwise.
As I said before, you don't need a new engine for a warped head, you will only need one in the event the block is also warped, which as a general rule is unlikely.
After skimming it's no more difficult than changing a head gasket.
You asked how to maximise the situation. Start by asking questions.
After skimming it's no more difficult than changing a head gasket.
You asked how to maximise the situation. Start by asking questions.
Edited by Prof Prolapse on Thursday 30th June 15:59
Gassing Station | General Gassing | Top of Page | What's New | My Stuff