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Car written off/buy back price?

Discussion in 'Motors' started by Lt Goody, 6 Mar 2006.

  1. Lt Goody

    Hitman

    Joined: 5 Jan 2005

    Posts: 664

    Location: coventry

    Hi all :) my pride and joy was written off last week it's 205gti 1.9 1992 95000 miles and it was in very good condition had it for nearly five years,now the insurance say it will cost £1600 to repair and i've got it insured for £1700 the engineer rung and offered me £900 :mad: which i politely said NO it's worth £1700 all day long but the thing that got me was the price to buy it back £700 now does that sound right? what would you do, never had a car written off before are they taking me for a ride, any help appreciated!!
     
  2. DingleBerry

    Wise Guy

    Joined: 19 Oct 2002

    Posts: 1,731

    Location: Cloud Cuckoo Land

    They are an insurance company...their reason for existance is taking you for a ride. Interpret every sentence which passes their lips with the fact they are trying to screw you over in mind.
     
  3. g0th2000

    Gangster

    Joined: 11 Dec 2003

    Posts: 496

    Location: Shipley

    Get on autotrader and print out prices on similar cars and present this to the insurance company.

    A quick scan indicates that £900 is a **** take first offer.

    If they don't cough up you can take it to an independent ombudsman, but generally when hit with the evidence they'll collapse fairly quickly, good luck ;)
     
  4. chopchop

    Banned

    Joined: 14 Jun 2004

    Posts: 6,118

    whats the damage on it?

    do not accept 900 if you had an agreed value of 1700.

    £700 buy back price is BS, total utter BS. it should be more like £50-200, depending on the damage.
     
  5. Lt Goody

    Hitman

    Joined: 5 Jan 2005

    Posts: 664

    Location: coventry

    Been looking on internet and with the mileage and condition they fetch up to £2000 will print some out it's the buy back price £700 seems very expensive was expecting about £150.
     
  6. Simon

    Capodecina

    Joined: 21 Oct 2002

    Posts: 23,916

    Location: Berks / Moscow

    My cousins Rover coup got written off, £1600 payout to take the car away and £1450 payout and he keeps it.

    Obviously he kept it as its worth a lot more than £150 in parts.

    Is the claim against someone who hit you? Or are you claiming off your own policy, this makes a big difference in how much you can give them grief
     
  7. Sharq

    Hitman

    Joined: 9 Mar 2003

    Posts: 584


    lol so true.
     
  8. Lt Goody

    Hitman

    Joined: 5 Jan 2005

    Posts: 664

    Location: coventry

    The damage is bonnett,wing,bumper,front valance,headlight,indicator and then all the strips,the car hit the offside front corner so it's pushed it right in so quite a bit of damage probably get it repaired for about £800 ish.
     
  9. Lt Goody

    Hitman

    Joined: 5 Jan 2005

    Posts: 664

    Location: coventry

    Someone pulled out of a junction in front of me but still waiting for insurance to sort out liabilty.
     
  10. Enfield

    Soldato

    Joined: 8 Nov 2003

    Posts: 7,401

    Location: Hampshire

    Noo! :(

    Glad you told them to stuff their offer, keep telling them to unless they give you a decent offer.

    I had my 205 1.4 GT written off recently because a van smashed into the back of me. The insurance company offered me £545 and I only paid £450 for it so I accepted. They didn't want to take the car away for some reason so in the end I sold it to Westy :p
     
  11. [TW]Fox

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 157,117

    Entering a value of, say, £1700 when you insure the car is NOT the same as an agreed value policy.

    Agreed value policies will have a certificate or something saying what the agreed value is, and you'll get this in the event of any writeoff.

    Do not confuse such a policy, which you usually pay extra for, for the insurer having asked the value of the car when you took out the policy. It's NOT the same thing.
     
  12. Ev0

    Capodecina

    Joined: 18 Oct 2002

    Posts: 13,896

    Yeah and sometimes it entails someone coming to inspect the vehicle before hand
     
  13. Rotty

    Don

    Joined: 18 Oct 2002

    Posts: 41,006

    Location: Notts


    yes , usually when you take out the policy and they ask you for value they then tell you that any payout will be at market value


    what is the car btw ?
     
  14. jackoh

    Wise Guy

    Joined: 5 Oct 2004

    Posts: 1,159

    Location: Cardiff

    ;)
     
  15. chopchop

    Banned

    Joined: 14 Jun 2004

    Posts: 6,118

    lada riva 1500cc :)

























    read the first post u n00b :p


    *edit* well spoilt Jackoh :/
     
  16. Rotty

    Don

    Joined: 18 Oct 2002

    Posts: 41,006

    Location: Notts

    oops :o


    no idea what these go for either
     
  17. Lt Goody

    Hitman

    Joined: 5 Jan 2005

    Posts: 664

    Location: coventry

    In the condition mine was in £1700-£2000 but really mint ones i've seen go for £3000-£4000 :) any ideas why the buy back of my car is so much most people i've spoke to say about £150 not £700.
     
  18. Enfield

    Soldato

    Joined: 8 Nov 2003

    Posts: 7,401

    Location: Hampshire

    No way in a million years would anyone with a 205 GTi get £3-4k from an insurance company!!
     
  19. kaiowas

    Capodecina

    Joined: 18 Oct 2002

    Posts: 10,294

    Location: Castle Anthrax

    Are you sure you didn't get your wires crossed and they were offering you a choice of £900 or £700+salvage rights?
     
  20. Lt Goody

    Hitman

    Joined: 5 Jan 2005

    Posts: 664

    Location: coventry

    Not sure m8 will ask tmrw. thanks