What would you do?
Discussion
On Monday afternoon my 350T was involved in a minor accident,where a car pulled out of a junction and drove into front passenger side wing.On first inspection there semmed to be relatively only minor damage.i have since found out that the chassis is bent and the cost of repair could be upwards of 20k,so what do i do? If the car is repaired will the future value of the car be affected,if so should i ask the insurers for a cash settlement to offset my future loss or should i have the car written off...
Thanks in advance Rob
Thanks in advance Rob
That is really shitty Rob... I'll rephrase my comment from yesterday to "f***ing stooopid bleeedin cow"
I would be tempted to try and get a full payout for it and move on to an undamaged car with no worries about re-sale.
Oh I can't wait to know what her face is like when she hears... have you told her yet?
al.
I would be tempted to try and get a full payout for it and move on to an undamaged car with no worries about re-sale.
Oh I can't wait to know what her face is like when she hears... have you told her yet?
al.
I guess the question is how hard it is going to be selling a Cat D car in the (near) future. The resale value will be reduced and so will the number of potential purchasers. For what my (unqualified) opinion is worth, I suggest letting them write it off. Heartbreaking.. 
Someone also told me, in circumstances like these, to advise the insurance company (fairly quickly) that the reg plate is yours and not included in the salvage value.
In the meantime get yourself a second hand TVR until the Sagaris arrives.
Someone also told me, in circumstances like these, to advise the insurance company (fairly quickly) that the reg plate is yours and not included in the salvage value.
In the meantime get yourself a second hand TVR until the Sagaris arrives.
Hi
Not sure if this helps but here goes...
A few years back I was hit from behind in my BMW, and as it wasnt my fault the insurance company appointed a solicitor to help recoup losses. They helped with the claim including uninsred loss (excess, injury, car rental etc) from the 3rd party. During this time my car was fixed, and I wanted to sell it. I got a few BMW dealers to bid for it, most could tell it was repaired even though it was done by BMW.
I argued (got my solicitor to argue
) with the 3rd party that I should be compensated for the 'loss of value' at the point of re-sale. My argument was that as it was a specialist car (M3 Evo), private sale was not really parctical as most buyers would want to buy from a dealer, and most dealers would undervalue the car due to the repair.
My solicitor managed to get an independant engineer to inspect and report on the car, and won me 2 or 3K compensation.
In the end I did sell to a dealer, and had a tough time of it so the compensation was fully justified.
Hope this helps, let me know if you need more info.
Not sure if this helps but here goes...
A few years back I was hit from behind in my BMW, and as it wasnt my fault the insurance company appointed a solicitor to help recoup losses. They helped with the claim including uninsred loss (excess, injury, car rental etc) from the 3rd party. During this time my car was fixed, and I wanted to sell it. I got a few BMW dealers to bid for it, most could tell it was repaired even though it was done by BMW.
I argued (got my solicitor to argue
) with the 3rd party that I should be compensated for the 'loss of value' at the point of re-sale. My argument was that as it was a specialist car (M3 Evo), private sale was not really parctical as most buyers would want to buy from a dealer, and most dealers would undervalue the car due to the repair. My solicitor managed to get an independant engineer to inspect and report on the car, and won me 2 or 3K compensation.
In the end I did sell to a dealer, and had a tough time of it so the compensation was fully justified.
Hope this helps, let me know if you need more info.
Really bad luck, rods.
I'd agree that as it's not (yet) a write-off, it won't be a cat C/D situation. However, now that everyone on PH knows what's happened it's public knowledge your cars got chassis damage, and you'd really have to tell potential buyers about the repair, anyway. Without question, I'd have the car written off. If you can buy it back on the cheap, get it fixed up, and turn a profit on it/enjoy it whilst still having cash in the bank then fantastic. (I'd even consider buying it!)
Just make sure you've got something sorted for Eurohoon!
I'd agree that as it's not (yet) a write-off, it won't be a cat C/D situation. However, now that everyone on PH knows what's happened it's public knowledge your cars got chassis damage, and you'd really have to tell potential buyers about the repair, anyway. Without question, I'd have the car written off. If you can buy it back on the cheap, get it fixed up, and turn a profit on it/enjoy it whilst still having cash in the bank then fantastic. (I'd even consider buying it!)
Just make sure you've got something sorted for Eurohoon!
James here:
Just a thought...if it is a write off and you are insured through royal sun alliance a la sunninghill a sub one year old car is replaced at list. Ie you get the FULL list price back.
If I were to have a smash in mine under a year old I would hope for a full write off, no depreciation to worry about and you get another new car.
Does depend on your insurer.
Just a thought...if it is a write off and you are insured through royal sun alliance a la sunninghill a sub one year old car is replaced at list. Ie you get the FULL list price back.
If I were to have a smash in mine under a year old I would hope for a full write off, no depreciation to worry about and you get another new car.
Does depend on your insurer.
Ah, just re-read my comments, should've quoted the comment about Mark Evans, ie the write off/insurance buy back situation. Then the car would be listed as a 'write-off'. Apologies for confusion. 
Still not sure I would get the car repaired if I had the choice of a full refund and a shiny new one.
>> Edited by chim_girl on Wednesday 18th February 21:55
Still not sure I would get the car repaired if I had the choice of a full refund and a shiny new one.
>> Edited by chim_girl on Wednesday 18th February 21:55
Mrs Fish said:
James here:
Just a thought...if it is a write off and you are insured through royal sun alliance a la sunninghill a sub one year old car is replaced at list. Ie you get the FULL list price back.
.
I'm insured with mannings not sure on where they stand for a car under a year old.
Cheers Rob
Sad to hear. I want to remember that even when a car is "fully" repaired, there is a serious possiblity of side-effects. Trim not fitting, steel with hair- cracks not being repaired, ... The reason why your car is harder to sell.
If you have a new car you only have the hassles of a new TVR.
Good luck with the insurance broker!
If you have a new car you only have the hassles of a new TVR.
Good luck with the insurance broker!
rods said:
How old is the car? The damage will affect re-sale, I think, it may be better off getting it written off, then buying-back?
If you fancy a bit of "Mark Evans" type stuff, that is.
The car was the first T350T out of the factory July 2003..
On the other hand, surely the penalty for driving into 350T number 1 (which has to have some sentimental attachment for being the first) would be bamboo splinters under the fingernails till she promises never ever ever to pull out of a junction without looking again...
Got to admit you sound pretty sanguine about this one, had I a 350T someone drove into, they would never find the bodies!
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