The price of Salvage cars
Discussion
I am idly thinking about something to buy and repair in the new year - 2004 645Ci, grey with red leather. Bloody horrible thing really but for the right money would be okay. This one is a category C meaning the V5 will always be marked 'previously total loss' or whatever and it's had one up the arse, requiring a bumper, rear light and whatever damage is hidden and you know they won't have written it off just for that.
Currently sat on £4050 :-o.
Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Anybody here buy damaged stuff, fix it and still be ahead?
Currently sat on £4050 :-o.
Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Anybody here buy damaged stuff, fix it and still be ahead?
R
Fine but real Russian roulette to buy blind IMHO
And going and looking is a waste of time if you end up out bid!! not sure who buys maybe for parts or for a Vin number !! Slim chance of making a honest profit
iSore said:
I am idly thinking about something to buy and repair in the new year - 2004 645Ci, grey with red leather. Bloody horrible thing really but for the right money would be okay. This one is a category C meaning the V5 will always be marked 'previously total loss' or whatever and it's had one up the arse, requiring a bumper, rear light and whatever damage is hidden and you know they won't have written it off just for that.
Currently sat on £4050 :-o.
Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Anybody here buy damaged stuff, fix it and still be ahead?
Used to buy a few, a total waste of time effort and money these days especially the auction cars!! look to see what you're getting and do a deal isCurrently sat on £4050 :-o.
Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Anybody here buy damaged stuff, fix it and still be ahead?
Fine but real Russian roulette to buy blind IMHO
And going and looking is a waste of time if you end up out bid!! not sure who buys maybe for parts or for a Vin number !! Slim chance of making a honest profit
powerstroke said:
Used to buy a few, a total waste of time effort and money these days especially the auction cars!! look to see what you're getting and do a deal is
Fine but real Russian roulette to buy blind IMHO
And going and looking is a waste of time if you end up out bid!! not sure who buys maybe for parts or for a Vin number !! Slim chance of making a honest profit
That's the impression I get. It was getting pricey when it was Universal Salvage but you could turn up, buy a coffee and a bacon butte and have a good sniff around the wrecks. The last one I bought was a 1997 E36 318i saloon in black, 2 owners and 34'000 miles needing a front bumper, nosecone and odds/sods. It was that long ago! When Copart took over it all turned to sFine but real Russian roulette to buy blind IMHO
And going and looking is a waste of time if you end up out bid!! not sure who buys maybe for parts or for a Vin number !! Slim chance of making a honest profit
t and prices went stupid. I've never done it to turn a profit, just to get into a nice late(isn) car for half the price of retail. You can't even do that now.The real money is in the Cat B break only stuff, but lacking the required license and not running a breakers yard is a hiccup.
iSore said:
Cat B break only stuff
Cat B isn't 'break only' - plenty of them return to the road. I used to drive one!I think it is recommended that they are broken by the insurance company, but a VIC check is all that is needed (and for it to be roadworthy etc) for it to be back on the road. Obviously with the Cat B marker on the V5c
There have been many threads about this CAT B stuff, in there contract with the insurance companies no breaker should sell a CAT B car but too another breaker, but it is only an insurance industry agreement and there is no legal impediment to returning a CAT B car to the road after repair. I have seen threads by people who say they havent bothered with the VIC check but dont know how theyve managed to tax the cars without out.
iSore said:
I am idly thinking about something to buy and repair in the new year - 2004 645Ci, grey with red leather. Bloody horrible thing really but for the right money would be okay. This one is a category C meaning the V5 will always be marked 'previously total loss' or whatever and it's had one up the arse, requiring a bumper, rear light and whatever damage is hidden and you know they won't have written it off just for that.
Currently sat on £4050 :-o.
Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Anybody here buy damaged stuff, fix it and still be ahead?
If it's damaged the floor then you could be looking closer to £2000 for the repair, insurance companies normally total loss a car when the repair bill exceeds a third of the cars value.Currently sat on £4050 :-o.
Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Anybody here buy damaged stuff, fix it and still be ahead?
What normally happens with cars like this is they are shipped abroad or broken for parts the engine alone is worth 3k on the used market so as a parts car it's worth at least that
iSore said:
Currently sat on £4050 :-o.
Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Don't forget that we have some of the lowest car prices in Europe - a lot of the Copart stock heads to Eastern Europe where, presumably, there are bigger margins to be made. Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Risotto said:
iSore said:
Currently sat on £4050 :-o.
Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Don't forget that we have some of the lowest car prices in Europe - a lot of the Copart stock heads to Eastern Europe where, presumably, there are bigger margins to be made. Jesus, you can buy a straight one for 6k! I wonder who is buying this and why. Even if it sells for 4 grand, you've still got to repair it (at least £500 assuming you can find used parts - and good luck with that), get it VIC checked, MOT'd etc and you still have a recorded write off ten year old 645Ci. I bid £2500 and thought that was plenty - clearly not.
Qussz said:
There have been threads before. There's not much of an issue with putting a properly repaired Cat B back on the road
The ones you need to watch out for are the unrecordeds
ETA
www.abi.org.uk/Information/Codes_and_Guidance_Note...
If you look at DVLA section page 2 it says that a VIC may be required prior to a replacement V5C being issued
Edited by saaby93 on Tuesday 30th December 15:51
Qussz said:
Nothing to do with legalities. Note the word 'should' throughout the section for cat B write-offs.My car had minimal damage in a rear end shunt and was classified as cat B, once repaired at a cost of £380 at a decent bodyshop, the car had to be VIC'd but was fine back on the road.
It's been done a hundred times on here and elsewhere on the internet, but there is information out there that would make you believe it was not ok when in fact it is perfectly fine to drive a cat B car back on the road in the right conditions.
ikarl said:
Cat B isn't 'break only' - plenty of them return to the road. I used to drive one!
I think it is recommended that they are broken by the insurance company, but a VIC check is all that is needed (and for it to be roadworthy etc) for it to be back on the road. Obviously with the Cat B marker on the V5c
Not any more you won't. Even if you managed to get a V5C, the car would be uninsurable.I think it is recommended that they are broken by the insurance company, but a VIC check is all that is needed (and for it to be roadworthy etc) for it to be back on the road. Obviously with the Cat B marker on the V5c
Risotto said:
Don't forget that we have some of the lowest car prices in Europe - a lot of the Copart stock heads to Eastern Europe where, presumably, there are bigger margins to be made.
In that case, why not just go and buy a straight one? A 10 year old 645Ci is not particularly sought after. My point was, someone paid Nearly £5000 for a damaged Cat C example of a car that's worth.......about 5 grand.iSore said:
ikarl said:
Cat B isn't 'break only' - plenty of them return to the road. I used to drive one!
I think it is recommended that they are broken by the insurance company, but a VIC check is all that is needed (and for it to be roadworthy etc) for it to be back on the road. Obviously with the Cat B marker on the V5c
Not any more you won't. Even if you managed to get a V5C, the car would be uninsurable.I think it is recommended that they are broken by the insurance company, but a VIC check is all that is needed (and for it to be roadworthy etc) for it to be back on the road. Obviously with the Cat B marker on the V5c
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