Buying back your written off car?

Carl VRS · 12-04-2007, 20:07

Hi all

Further to an earlier thread in the Octavia section, http://www.briskoda.net/forums/octav...-needed/77424/ ,now locked, please note that I am NOT selling anything in this thread, and please do not make any offers on parts.

My 2001 Octy vRS has been written off. They are coming on Monday to collect it/assess it.
Once i get my agreed price for it, a mate of mine wants to buy it off the insurance company, and use the engine for an up and coming project.

How does this work? Once the car is in the possession of the insurance company and I have my money, do i have the optoion to buy it off them or can anyone else buy it off them before they pass it on to a breakers?

My mate wants the engine and associated parts, but a vRS at our local breakers recently proved to expensive.

Any advice greatly received

th4neuk · 12-04-2007, 20:39

I think you can make an offer for the salvage to the insurer.

I would wait till they make you your offer though and then if you are happy with that you could ask. You are more likely to get a better price than your mate so you would likely be buying it on his behalf.

HTH

Cheers

devonutopia · 12-04-2007, 20:43

I was offered my car back for £500 when mine was written off. This was over 3 years ago though, and I think they've got quite tight over it. What category write off do you think it will be? Usually, the cost is 10% of salvage, but it might be more in your case if it's only a cat D write off (i.e repairable) Mine was a cat B so I was able to recover my Fabia (and put the Jabba'd ECU in my new car

)

Carl VRS · 16-04-2007, 09:23

The assessor has been round this morning, and told me that due to its age and value, the car will be repaired, not written off. Can I refuse to have the car back on the grounds that I dont want my baby travelling in a damage repaired car, and that i wont get the £4800 I wanted to sell it for. Do I have a case? I really dont want the car back now...

Stuart_J · 16-04-2007, 11:26

Quote:

Originally Posted by Carl VRS

The assessor has been round this morning, and told me that due to its age and value, the car will be repaired, not written off. Can I refuse to have the car back on the grounds that I dont want my baby travelling in a damage repaired car, and that i wont get the £4800 I wanted to sell it for. Do I have a case? I really dont want the car back now...

You do not have the option to refuse to allow them to repair it, they will only do what is most economical to them, in your case they have judged its cheaper to repair it than pay out as a write off.

If the cars properly repaired it will be as good as new & as safe as a new car. The repair will have no effect on the value of the car.

The only thing you can insist on is who repairs it, you do not have to use their approved repairer no matter what they insist on, your only hope is another repairer might find more wrong with it

If your cars worth 4800 & was marginal then if totalled it woulkd be a cat D with salvage worth around 1200 (25% of value) so Im guessing the repair bill could be over £3000 & still cheaper for the insurer to fix.

Carl VRS · 16-04-2007, 12:15

So when it comes back all fixed will it have any Cat C or Cat D history on it when i go and sell it. Surely that will affect its value?

Jimmy · 16-04-2007, 12:17

Nope. It'll only be Cat C or cat D if written off by the ins co.

Carl VRS · 16-04-2007, 12:22

Ahh thats ok then, put my mind at rest somewhat

Stuart_J · 16-04-2007, 12:25

Quote:

Originally Posted by Jimmy

Nope. It'll only be Cat C or cat D if written off by the ins co.

Correct

ItsOnlyMe_vRS · 16-04-2007, 12:40

Although an HPI check run against the car should show that its had an accident.

**mannyo** · 16-04-2007, 12:43

Quote:

Originally Posted by ItsOnlyMe_vRS

Although an HPI check run against the car should show that its had an accident.

No it doesnt, only shows if written off. Accident history is not recorded on HPI. I have bought a few accident damaged cars, none have ever had details on HPI or any other register.

Carl VRS · 16-04-2007, 12:50

Thats all good news then, so i can still sell at the price originally wanted.

**mannyo** · 16-04-2007, 13:04

Quote:

Originally Posted by Carl VRS

Thats all good news then, so i can still sell at the price originally wanted.

yes no problem.

Quinten · 16-04-2007, 13:29

Quote:

Originally Posted by Carl VRS

Thats all good news then, so i can still sell at the price originally wanted.

Yes, but failure to disclose information at the time of sale when directly asked is fraudulent (definitely on commercial, i.e. dealers; not so sure on private sales) and could lead you in court.

Stuart_J · 16-04-2007, 13:35

Quote:

Originally Posted by Quinten

Yes, but failure to disclose information at the time of sale when directly asked is fraudulent (definitely on commercial, i.e. dealers; not so sure on private sales) and could lead you in court.

Many brand new cars are repaired before they are sold as new & dealers never declare that do they so why does an owner have to declare it ?

**mannyo** · 16-04-2007, 13:37

You only have to declare it if specifically asked. I have never been asked the question, so never specifically declared any known damage come P/ex time.

Quinten · 16-04-2007, 13:38

Exactly. You do not need to declare it, but when asked, you can't lie about it.

Carl VRS · 16-04-2007, 14:53

Thats all fine by me, i'm an honest bloke, honest!!

Carl VRS · 17-04-2007, 13:57

Oh the joys of the insurance world, now they are saying it isbeyond economical repair, and have offered me more than what i was going to sell it for. Should I take their first offer or should i be cheeky and ask for a little more?

Quinten · 17-04-2007, 14:11

Ask for more... Don't ask, don't get

12-04-2007, 20:07	#1
Carl VRS Briskodian Join Date: Jul 2006 Location: Bexleyheath, Kent Posts: 81 Thanks: 1 Thanked 0 Times in 0 Posts	Buying back your written off car? Hi all Further to an earlier thread in the Octavia section, http://www.briskoda.net/forums/octav...-needed/77424/ ,now locked, please note that I am NOT selling anything in this thread, and please do not make any offers on parts. My 2001 Octy vRS has been written off. They are coming on Monday to collect it/assess it. Once i get my agreed price for it, a mate of mine wants to buy it off the insurance company, and use the engine for an up and coming project. How does this work? Once the car is in the possession of the insurance company and I have my money, do i have the optoion to buy it off them or can anyone else buy it off them before they pass it on to a breakers? My mate wants the engine and associated parts, but a vRS at our local breakers recently proved to expensive. Any advice greatly received Last edited by Carl VRS; 12-04-2007 at 20:11.

12-04-2007, 20:39	#2
th4neuk Briskodian Join Date: Feb 2007 Posts: 430 Thanks: 5 Thanked 27 Times in 21 Posts	Re: Buying back your written off car? I think you can make an offer for the salvage to the insurer. I would wait till they make you your offer though and then if you are happy with that you could ask. You are more likely to get a better price than your mate so you would likely be buying it on his behalf. HTH Cheers __________________ Alan 04 Octavia vRS. Black Magic. Xenons. Green Cotton Filter. LCR Front Splitter

12-04-2007, 20:43	#3
devonutopia Mongreller Join Date: Apr 2003 Location: Ooo-ar, Oi be from Devonshire Posts: 29,107 Thanks: 60 Thanked 280 Times in 226 Posts	Re: Buying back your written off car? I was offered my car back for £500 when mine was written off. This was over 3 years ago though, and I think they've got quite tight over it. What category write off do you think it will be? Usually, the cost is 10% of salvage, but it might be more in your case if it's only a cat D write off (i.e repairable) Mine was a cat B so I was able to recover my Fabia (and put the Jabba'd ECU in my new car ) __________________ Jason - Mongrel owner! WOOOOF! Grrrrr Custom Fabia Bonnet Lifter Kits - £45! Click Me. See the mongrel's 260bhp Dyno Video!

16-04-2007, 09:23	#4
Carl VRS Briskodian Join Date: Jul 2006 Location: Bexleyheath, Kent Posts: 81 Thanks: 1 Thanked 0 Times in 0 Posts	Re: Buying back your written off car? The assessor has been round this morning, and told me that due to its age and value, the car will be repaired, not written off. Can I refuse to have the car back on the grounds that I dont want my baby travelling in a damage repaired car, and that i wont get the £4800 I wanted to sell it for. Do I have a case? I really dont want the car back now...

16-04-2007, 12:15	#6
Carl VRS Briskodian Join Date: Jul 2006 Location: Bexleyheath, Kent Posts: 81 Thanks: 1 Thanked 0 Times in 0 Posts	Re: Buying back your written off car? So when it comes back all fixed will it have any Cat C or Cat D history on it when i go and sell it. Surely that will affect its value?

16-04-2007, 12:17	#7
Jimmy Briskodian Join Date: May 2003 Location: North East Posts: 2,446 Thanks: 0 Thanked 0 Times in 0 Posts	Re: Buying back your written off car? Nope. It'll only be Cat C or cat D if written off by the ins co.

16-04-2007, 12:22	#8
Carl VRS Briskodian Join Date: Jul 2006 Location: Bexleyheath, Kent Posts: 81 Thanks: 1 Thanked 0 Times in 0 Posts	Re: Buying back your written off car? Ahh thats ok then, put my mind at rest somewhat

16-04-2007, 12:40	#10
ItsOnlyMe_vRS Briskodian Join Date: Sep 2005 Location: Berkshire Posts: 314 Thanks: 1 Thanked 1 Time in 1 Post	Re: Buying back your written off car? Although an HPI check run against the car should show that its had an accident.

16-04-2007, 12:50	#12
Carl VRS Briskodian Join Date: Jul 2006 Location: Bexleyheath, Kent Posts: 81 Thanks: 1 Thanked 0 Times in 0 Posts	Re: Buying back your written off car? Thats all good news then, so i can still sell at the price originally wanted.

16-04-2007, 13:37	#16
mannyo BRISKODA Staff Join Date: Nov 2002 Location: Stevenage Herts. Posts: 10,711 Thanks: 24 Thanked 253 Times in 239 Posts	Re: Buying back your written off car? You only have to declare it if specifically asked. I have never been asked the question, so never specifically declared any known damage come P/ex time. __________________ Manny 2005 Octavia 2.0TDi Elegance combi my skoda website http://www.octaviars.co.uk Join the briskoda.net folding team click Here for more info

16-04-2007, 13:38	#17
Quinten playing dadsie Join Date: Apr 2003 Location: fast lane Posts: 10,013 Thanks: 16 Thanked 41 Times in 38 Posts	Re: Buying back your written off car? Exactly. You do not need to declare it, but when asked, you can't lie about it. __________________ Awooga!!!

16-04-2007, 14:53	#18
Carl VRS Briskodian Join Date: Jul 2006 Location: Bexleyheath, Kent Posts: 81 Thanks: 1 Thanked 0 Times in 0 Posts	Re: Buying back your written off car? Thats all fine by me, i'm an honest bloke, honest!!

17-04-2007, 13:57	#19
Carl VRS Briskodian Join Date: Jul 2006 Location: Bexleyheath, Kent Posts: 81 Thanks: 1 Thanked 0 Times in 0 Posts	Re: Buying back your written off car? Oh the joys of the insurance world, now they are saying it isbeyond economical repair, and have offered me more than what i was going to sell it for. Should I take their first offer or should i be cheeky and ask for a little more?

17-04-2007, 14:11	#20
Quinten playing dadsie Join Date: Apr 2003 Location: fast lane Posts: 10,013 Thanks: 16 Thanked 41 Times in 38 Posts	Re: Buying back your written off car? Ask for more... Don't ask, don't get __________________ Awooga!!!

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