Reply With QuoteAsk a wrecker what they will give you for it, deduct that from $4,000 and ask the insurance Co for that amount in cash, you retaining the wreck.
Swaggie
SubscriberOur boy has rear ended (at 10Km/h) a Hi-Lux in his little VW Golf. "Watching the rear end of 2 girls walking along the road" apparently can cause this when you are 18 years old.
Bent the rear bar on the Toyota. Dented the front bumper and creased a bit of paintwork on the Golf, and cracked the platic grille. No damage to the headlights or bonnet.
Crash repairer quoted $4,200 to fix. Insurance Co wants to write it off, valuing the car at $4,000. We paid just under $5K for it a year or so ago, and it was a bargain (we'd seen a lot for over $6K).
We'd like the car fixed, as we reckon it is only a grand or so of damage (rang around to get prices on 2nd hand bumper and grille etc). Where do we stand if we don't want to write it off. Seems a great shame to lose it for such minor damage, as it is still 100% drivable.
Anyway, who determines the "market value" on the vehicle? Is it the Red-Book value? Can the insurance company just set the value they want to?
Thanks
David
Super Moderator
Ask a wrecker what they will give you for it, deduct that from $4,000 and ask the insurance Co for that amount in cash, you retaining the wreck.
If you don't like trucks, stop buying stuff.
Super Moderator
Lots of issues with insurance companies. If they declare the vehicle a Statutory Write Off then the vehicle is only good for parts, if it's declared a "repairable writeoff" then there's a few hoops to go through before you can re-register the vehicle.
Make sure you know the status before you buy back the hulk.
Diana
You won't find me on: faceplant; Scipe; Infragam; LumpedIn; ShapCnat or Twitting. I'm just not that interesting.
Swaggie
SubscriberThe damage is cosmetic, he has been driving it around for the last 3 or 4 weeks.
It would be a write off only in the economic sense.
RoverLord
Im guessing its got air bags.....
if so that will be the reason for the write off.
Dave
"In a Landrover the other vehicle is your crumple zone."
For spelling call Rogets, for mechanicing call me.
Fozzy, 2.25D SIII Ex DCA Ute
TdiautoManual d1 (gave it to the Mupion)
Archaeoptersix 1990 6x6 dual cab(This things staying)
If you've benefited from one or more of my posts please remember, your taxes paid for my skill sets, I'm just trying to make sure you get your monies worth.
If you think you're in front on the deal, pay it forwards.
Swaggie
SubscriberYes - twin air bags.
How does this affect things?
ForumSage
SubscriberDid the airbags go off? If not this should not be an issue.
You should be able to negotiate a deal and you keep the car. I have done this heaps of time.
As someone else mentioned make sure it is a repairable write off, which from what you have described I'm sure it would be.
"Watching the rear end of 2 girls walking along the road" apparently can cause this when you are 18 years old."
You don't need to be 18 for this to happen. I'm 54 and if I had dollar for every near miss for the same reason I would have my new defender by now.
Dave
Swaggie
SubscriberNo - neither airbag triggered.
We are going to call the repairer tomorrow and see how they could possibly get the quote up to $4,200. Seems dodgy to me, but then I don't know the ins and outs of repairing cars.
As soon as you put the word "Insurance" in front of something, the price gets higher. Like putting the word "Wedding" in front of things too......
Swaggie
Many insurance companies will write off a vehicle if the repair is over 1/3 the value.
Panel beaters will add a fair wack to any insurance quote, as they know it will take ages to get the money after they have done the job.
Your best bet would be to take the $4k, buy the wreck back, and fix it yourself.
ForumSage
SubscriberI could not agree more. Good advice.Originally Posted by isuzurover
Dave keep us informed of the outcome.
Dave.
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