Buy back after Ins write-off?

[Chimjunkie]

How much to buy back a car after it has been written off? Just trying to do some sums so I'm keyed up if it comes to it...

Cheers, Jon.

[Robin Hood]

After it's written off is too late, you have to ask for a claim settlement figure to retain the salvage

[derekg500]

Depends on the insurance company, I was insured with Sun Alliance and their buy back percentage was 31% of the assessed value.

eg If they value your car at £10,000 they send you a cheque for £6, 900, and you keep the car as salvage. Hence the need for a good valuation.

You must talk to the insurers though, the percentage varies and not all companies offer you the choice of "buy back".

Derek

[Chimjunkie]

Thanks for responses. The problem is 1 have over £6.5k of modifications on top of a mint 500 base car. Sure ins wont take this into account! Not letting them give me book price and take these items with the car...

[spyschim]

when mine got hit up the backside they repaired and resprayed car came to 3-4 grand my hire car cost came to £9780 why did they not write mine off ? also with wiplash you will get min £1000 just with a phone call they say if you wont claim in the future they offer you a grand , help towards your light upgrade

[Chimjunkie]

spyschim said:

when mine got hit up the backside they repaired and resprayed car came to 3-4 grand my hire car cost came to £9780 why did they not write mine off ? also with wiplash you will get min £1000 just with a phone call they say if you wont claim in the future they offer you a grand , help towards your light upgrade

Thanks Si. Fingers crossed she's repaired. Just have to be patient and wait to find out....(time passes)........

Picking up my carbon centre console this weekend. No car to put it in! Double poo.

[spend]

Tough luck Jon.. Pragmatically I think you would be silly not to buy it back, I can't see the valuation covering all the 'add-ons' that you have had. Even if you just wanted to reclaim your 'prized' bits to add to a new car & sell the rest on I think it may make economic sense.

Dave

[Pupp]

Might be an idea to put the insurance co on notice you are considering retaining salvage if they decide to write-off. Know of a recent TVR case where the car was off to the auctions without a by your leave before the owner had been notified it was not going to be repaired. Good luck in your dealings (tough break on the accident but nice PI claim in prospect for your sore neck).

[Bluebottle]

spend said:

Tough luck Jon.. Pragmatically I think you would be silly not to buy it back, I can't see the valuation covering all the 'add-ons' that you have had. Even if you just wanted to reclaim your 'prized' bits to add to a new car & sell the rest on I think it may make economic sense.

Dave

When I found out they were going to right my Griff off, I went to the repair shop before the salvage Co. came to collect it and swapped over as much of the mods for old factory bits (which I'd kept). I was told the rule of thumb is, what ever you remove the car must be left in an MOT worthy state (ie if you are retrieving your expensive leven pedals you most put back the originals and connect it up etc).
If its a mod the insurers know about and is thus insured, then that cannot be removed.

[Hoover.]

Hmmm.... tricky this with regards to mods, as the cost of the mods does not always = added value to the car.

also if mods not notified to insurance a possible excuse for non settlement.

Just spoken to my mate who had his AMG Merc written off before Xmas, and also used to be an iffy 2nd car salesman and he tells me that most insurance companies work on 15-25% buy back on the car dependant on car and magnitude of damage.

Also get the category of damage in writing before expressing interest in car, as his car verbal Cat D, when he expressed interest in buying back moved to verbal CAT B, when he asked for the CAT B in writing angrily a written CAT C was issued...... go figure

Good luck.....

[im]

[Shouldknowbutdontmode=on]

What are the variuos Cat's of write-off and what is the significance of each category?

Cheers

[Shouldknowbutdontmode=off]

[Hoover.]

In very simple terms the catagories are:

A= written off not even allowed to be used for spares
B= written not allowed back on road, but certain parts can be used as spares
C= repairable but needs a cert to be back on road
D= beyond economical repair, but can be put back on road when repaired.

[ninetynine]

what sort of test is required to put a cat c back on the road any idea
of cost ???

[nikman]

As I said in the other thread, I think thoughts of writing off this car are way too premature. As Jon says, aside from a wishbone (around £75 for the part?) the rad, and fibreglass damage, lights and associated labourt etc, there doesn't sound to be anything pointing in the direction of 'beyond economical repair'. (Difficult call without seeing it though!).

IF it should come to it - Spend's advice is appropriate IMHO.

Is this not a wake-up call to try to get a pre-agreed value established with your insurers each year - just in case... Nick.

[dingg]

ninetynine said:

what sort of test is required to put a cat c back on the road any idea
of cost ???

VIC vehicle identity check, costs £36 and takes about 15 minutes , local VOSA centre just check all identity marks on the car they do not even look at the repair .