Guidance needed! Retaining car write off
Discussion
Belle427 said:
One of them must have sparked somehow is my guess, I don’t buy the static thing personally.
As I posted earlier, neither do I. I have my thoughts but I have to keep them to myself as I cannot prove anything, just to say the staff at Porsche centre were panicking and towed the car into their workshop.Belle427 said:
I see some of these wrecked cars being repaired on you tube and the values seem all over the place.
The M5 Mat Armstrong is repairing was purchased for £32k and has a rough value non categorised of £60k.
Repair costs estimated at £10k?
It is eye opening the figures involved, not much help really but the £17k figure would seem low to me for that damage.
Sorry if it’s not much help I’m just generally interested in this myself as it’s a car I’d consider buying if I saw it, I don’t repair cars but it seems a good easy fix for someone who wants a keeper.
I’m guessing fire damage is seen as a very off putting previous problem though.
That M5 Competition is too far gone imo. I haven't seen how far Mats into it but the suspension tower is mashed meaning engine removal. The whole front of that car is destroyed. It was for sale 12months before Mat bought it, no one else wanted it. He may take a bath with that one..The M5 Mat Armstrong is repairing was purchased for £32k and has a rough value non categorised of £60k.
Repair costs estimated at £10k?
It is eye opening the figures involved, not much help really but the £17k figure would seem low to me for that damage.
Sorry if it’s not much help I’m just generally interested in this myself as it’s a car I’d consider buying if I saw it, I don’t repair cars but it seems a good easy fix for someone who wants a keeper.
I’m guessing fire damage is seen as a very off putting previous problem though.
Belle427 said:
Just curious but could you have just repaired it properly yourself and not involved insurance?
2 minutes out of Porsche centre after a 'health check and the car goes up in flames, no idea of cause or full extent of the damage, would you not call your insurance? It wasn't until it was stripped out that cause and extent of damage was known, by then storage fees and strip down fees were mounting. Including the 2 assessor fees the insurance company are on the hook for approximately £7500 in costs. With hindsight, it might have been best but at the time it wasn't the best option.
SpartaThisIs said:
Belle427 said:
Just curious but could you have just repaired it properly yourself and not involved insurance?
2 minutes out of Porsche centre after a 'health check and the car goes up in flames, no idea of cause or full extent of the damage, would you not call your insurance? It wasn't until it was stripped out that cause and extent of damage was known, by then storage fees and strip down fees were mounting. Including the 2 assessor fees the insurance company are on the hook for approximately £7500 in costs. With hindsight, it might have been best but at the time it wasn't the best option.
Not meant to offend just curious that's all.
Hope it works out for you.
Belle427 said:
Fair enough, makes sense.
Not meant to offend just curious that's all.
Hope it works out for you.
No offence taken. Its been sat for 3 months so battery probably needs replacing & reprogramming, plus it looks like that can cause all sensors to throw up faults with some easy to clear some not. Plus the MOT runs out beginning of Jan which causes more problems. Not meant to offend just curious that's all.
Hope it works out for you.
So I've accepted an interim payment, rejected their buyback offer after reading the 2nd assessors full report. It looks like he found further damage in the wiring loom that can't be cut and replaced, the fire caused some damage underneath the the gearbox tunnel,he also determined it requires a new airbag. Not sure how the technician who looked it over missed what he found but being a Forensic engineer clearly has more of an eye for detail.
I went to look over it in early Jan and the battery is done for and a whole host of warning lights came up including a brake fault.
I went to look over it in early Jan and the battery is done for and a whole host of warning lights came up including a brake fault.
So the car has finally been sold at Copart today, 7 months after the 'accident' happened. It went for just under £21,000, add £1600 for fees/VAT etc and it will have cost £22,600. Used parts of eBay are in the region of £4,000 (no seats to match at the moment), a new battery and coding £400, total £27,000 if all the work is done by the purchaser. It has been parked up, unused for 7 months and has no MOT. And could potentially need a new wiring loom (£9500) and ECUs. It is a Cat N.
Cheapest similar is going for £33,000. I'm not sure why anyone would pay out so much for it. These for sale for less:
Cheapest similar is going for £33,000. I'm not sure why anyone would pay out so much for it. These for sale for less:
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