Repairable Car Insurance Buy Back

[Bercilac]

I found a 15 year old thread about this so I thought I would get an updated point of view from the forum.

What is a reasonable/standard cost to buy out a Cat N these days? That older thread
gave a figure of 25% of market value.

Edited by Bercilac on Monday 2nd June 13:55

[MustangGT]

Are you buying a car that is a CAT N, or, has your car been declared CAT N and you want to buy it back off the insurance company?

If the former I personally work on around 80% of 'clean' market value for a CAT N.

If the latter it is likely totally dependent on the extent of the damage, each case will be different.

[Bercilac]

Brill thanks - this is me retaining a much loved Saab that was rudely assaulted by a third party. Their insurer has offered my 80% of value. The cost for me to repair it is a fraction of the money I'll be receiving, so I've gone for the deal. Appreciate the opinion sir, many thanks!

[blue_haddock]

Bercilac said:

Brill thanks - this is me retaining a much loved Saab that was rudely assaulted by a third party. Their insurer has offered my 80% of value. The cost for me to repair it is a fraction of the money I'll be receiving, so I've gone for the deal. Appreciate the opinion sir, many thanks!

I had something very similar to this when my beloved 9-5 estate was rolled into by a careless BT van.

they offered me a payment in lieu of writing it off so i kept the car and like you repaired it with second hand parts for next to nothing.

Could thy offer this instead of writing it off?