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CAT D - Buying back

Discussion in 'Motors' started by monkey_boy, 19 Jun 2012.

  1. monkey_boy

    Wise Guy

    Joined: 15 Aug 2006

    Posts: 1,729

    Location: Leicester UK

    Hi All,

    I was just hoping to tap the knowledge in here about cat D cars.

    What percentage of their trade market value would an insurance company usually sell a cat d car for?

    What are the sellers obligations come resale time?

    Does it affect the insurance premium because the car is a CAT D?

    Would you buy your own car back if it was CAT D'd?

    Cheers,
     
  2. [TW]Fox

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 157,142

    I would absolutely buy my car back if it was Cat D, especially as anything more serious than a parking mishap would likely result in that. You'll generally be offered the car at its salvage value, depending on the insurer. A minority of insurers will not allow you to purchase it. There are no insurance premium implications.
     
  3. monkey_boy

    Wise Guy

    Joined: 15 Aug 2006

    Posts: 1,729

    Location: Leicester UK

    How would I get an idea of reasonable salvage value?
     
  4. Maccapacca

    Don

    Joined: 13 Apr 2010

    Posts: 17,601

    Location: Sunny Sussex

    I was charged 6% of market value agreed as settlement when I kept back my Prelude
     
  5. monkey_boy

    Wise Guy

    Joined: 15 Aug 2006

    Posts: 1,729

    Location: Leicester UK

    How much was that if you don't mind me asking?
     
  6. wijcc

    Mobster

    Joined: 10 Aug 2003

    Posts: 2,610

    Location: London

    its depends on the insurance company involved, my car when it was written off I brought the car back from them for £650~. They valued the car pre accident to be either £2200 or £2500. My insurer at the time was admiral.
     
  7. s0ck

    Soldato

    Joined: 18 Oct 2002

    Posts: 5,299

    I recently noticed Swift Cover, for one, will not insure a car that has been 'written off' so there may be others too. A quick HPI check revealed all was well so phew :)
     
  8. [TW]Fox

    Man of Honour

    Joined: 17 Oct 2002

    Posts: 157,142

    I believe they are also one of the insurers who will not sell you salvage. They seem one to avoid as there is a number of eyebrow rasing terms they seem to have.
     
  9. rjk

    Caporegime

    Joined: 8 Aug 2007

    Posts: 25,318

    I'm with fox, I would 100% buy my car back as a cat D. I searched too long and hard to find an unmolested example and I would say I would be hard pressed to find something I liked so much with all of the history it has. Having a car with a catalogue of history that has clearly wanted for nothing and has been cherished by the previous two owners is a rarity with the type of car I have.

    That said, using the insurance money to go for an S2K could tempt me.
    Touch wood I dont have to think about it.

    My advice would be, if you have a car that you love then go for it. If it's just a chuckaway roundabout that you were considering upgrading in the next 18 months or so then it's not worth the hassle.
     
  10. Maccapacca

    Don

    Joined: 13 Apr 2010

    Posts: 17,601

    Location: Sunny Sussex

    Was about 150 and I eBayed it for 650 for spares
     
  11. aproctor

    PermaBanned

    Joined: 26 Apr 2008

    Posts: 4,078

    Location: Lincolnshire

    If it is cheap enough, you can be quids in.

    My dad had the bumper damaged in a prang, he bought the car back for £1500 and pocketed £3000.

    He would have probably got £3500 for the car on a good day anyway, before the crash.

    Once cars are this cheap, Cat D makes little difference to most buyers as long as it has MOT and Tax.
     
  12. wijcc

    Mobster

    Joined: 10 Aug 2003

    Posts: 2,610

    Location: London

    opps replied to the wrong thread
     
    Last edited: 28 Jun 2012