insurance writeoff value help required.

wijcc

wijcc

wijcc

Soldato
Joined
10 Aug 2003
Posts
2,696
Location
London
I need a bit of help. My car which is a 2001 Ford Focus 1.6 Ghia with 65K miles on it. Was involved in an accident (see post http://forums.overclockers.co.uk/showthread.php?t=18092109)
My insurance company has offered me £2600 for my car. and given me the option of buying back my old car for £650.
Is that an good offer.. if not how can I argue it to increase my payout of £2600 and more importantly decrease the buyback price for my old car (of £650)? My old car has been deemed an Cat-D write off by the way.
Thanks in advance guys :)
 
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How do i go about to haggle??
I am going to check the classifieds (autotrader etc) to check similiar cars for ads/prices
 
Tinders said:
I'd buy that back wont cost more then £150 and half a days work (if you get the same colour parts) to put right.Nice tidy profit on that or a cheap car on the road for yourself that way.

Haggle with em, you should be able to get the buy back down to 400 or so.
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Thanks Tinders, how do I haggle them on the buyback price? The guy on the phone said that was the salvage price according to the engineer. On what grounds can i haggle? (sorry but i am not used to or good at haggling)
 
Happy said:
The process for disputing a total loss offer with Swiftcover I imagine is the same as with many other insurers. You would need to use website such as Parkers/Autotrader/Glasses etc to find 3-5 vehicles with same age/mileage/condition within a xx mile(SC is 30 miles) radius of your home address and then send the proof back to the engineer for him to review your offer :)
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I need to argue the value of the written off car as I want to buy it back. They have made an offer of £650 to buy it back. But I want to buy it back for less. How can I haggle the price of this. Written off cars are not available on autotrader/parkers etc. So how can I haggle on this/on what grounds please?
 
Most insurance companies, on average, figure 20% of the actual cash value of the vehicle for salvage value on late model vehicles (Years 2005-2009). 15% for vehicles built in 1999-2004. 10% for anything older than that. However, there are exceptions.

I got this off the web
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I am going to try this on Monday when I phone the insurance copmany back
 
update: well the insurance company will not move on the buy back price. Apparently the salvage company are offering the insurance company £650. So if I want to buy it back I have to pay the full £650.
In the meantime my insurance cover is now cancelled, to get it reinstated I will have to get the car repaired and have a MOT test done and then send in the MOT certificate to get my insurance cover reinstated. The car is currently MOT-ed till March 10th 2010.. can I then get a new MOT now?
 
I requested the engineers report with regards to my old car (see below) the funny thing is I drove the car for 3 days after the accident and there did not seem to be any problems with the suspension or tracking.. also from the pics the 3rd party hit my wing infront of my front wheel.. so that should not have affected the suspension or tracking i would havve thought???


As per the independent Assessors report please find below the repairs needed for your car as a result of the accident.

New Materials

FRT BUMPER,FRT BUMPER GRILLE,NSF & OSF BUMPER MLDG,CTR FRT
BUMPER MLDG,BONNET,RIGHT HEADLAMP ASSY,OSF FOG LAMP,OSF
INDICATOR,OSF WING,OS WHEELARCH TRIM,FRT BUMPER C-MEMBER,OSF
DOOR MLDG,OSF TRACK CONT ARM,OSF SHOCK ABSORBER,OS
CONNECTING ROD,OS TIE ROD,OS TIE ROD BALL JOINT

Repairs

SPECIALIST GEOMETRY
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Spoken to the DVLA, as it is a Cat-D write off I just need to get it repaired and re-MOTed.
Only for Cat-C you need a VIC also.
Now I just need to decide whether I should buy the car buy or not....
What would you guys recommend that I do?
 
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update: I have brought the car back off the insurance company for the asking price of £650. The car now will be repaired and MOT-ed by another garage from £375. Hopefully this will be completed by saturday then I can send email or fax the MOT certificate and my insurance will be reinstated.
 
My insurance company will reinstate my insurance once i get a MOT cert to them. I am 95% i don't have to pay any more, its just a continuation of my current insurance policy which expires at the end of May.
I have already taken a few pics of the damage just after the accident. So will find out how well the repairs are on saturday.

By the way what do you mean by billy bargain?
 
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