Repairable Write Off

[ms700]

Just finding it a bit hard to swallow how a car became a repairable write off if it only needed a sill and a few doors.

That repair would cost 10K tops, including alignment time.

If it sounds too good to be true, it usually is.

And yes, if a car is officially declared a write off, all warranties are deleted pertaining to that VIN. Ive seen plenty of people requesting warranty only to be told that their recently purchased car has a history that they didnt know about.

[spoolxr6]

If your vehicle gets stolen and not found within the insurances time frame that vehicle will be written off and you the owner paid in full. If in a month or how ever long passes that vehicle is found, it will be salvaged at an auction. If it has had a damaged front bar it will still be sold as a repairable write off. If the vehicle is damaged beyond repair it will be recorded as a statuatory write off. So it's not too hard to swallow why a vehicle with minor damage can end up as a repairable write off.

My self and a mate have bought, repaired and sold repairable write offs. I recently bought a Suzuki GSXR 600 2007 with 16000 on the clock for $ 4000.00. Cost me $ 2,000.00 to repair register and pass over the pits to get it on the road. Resale value is around 9.5 - 10k. Damage was minor fairing damage and the repair bill would not have gone over $ 2.5k profesionally. So why did the insurance company write it off? Because the owner would have hidden it, got paid, dumped it on the street and kicked it over. Otherwise the insurance would never have paid the owner out 10-11k for 2.5k worth of damage.

[dule]

Apparently bikes get written of if the frame has ANY damage, even a very small dent.

To the OP, get someone that knows what they are looking for to look at the car. If it really was as minor as the owner said go for it, just make sure it wasn't banana shaped...

[spoolxr6]

Good advice mate. Just get it checked by someone that knows. It wont even affect your insurance as the RTA has passed it.

[turbogilly]

thanks for all the replies again, I am in Epping Victoria where should I take it to make sure that the damage was exactly what the owner is saying, can pit lane help me with that ?

[ratter]

we can do a visual inspection of the car looking for any obviuos signs of damage or repairs, some reparis if done correctly can be very hard to spot, but if it was a cheap and quick like a lot of people do when trying to make money, there may be evidence of that

[ZAP]

FG XR6T with Brembos = Police Highway car

This would be another reaosn not to buy it, unless you are getting it for under $22k, as they are selling at auction for under $30k.

The main problem with RWO is they are ALWAYS known as a writeoff and will be difficult to sell and insure.

[Henz]

Ild be wary, as slot of people do it just for the money. The majority have probably just been crashed by the owner and fixed by the insurance company, but alot are fixed to make A quick buck. That doesn't mean the cats will be rough or unsafe though.

Actually we use a panel beater for work stuff, and he is meticulous with his work. He loves his work and takes alot of pride in it.

Anyway last year he had 4 fg t's in. All repairable rightoffs. Some guy had brought them all, was paying to fix them all then selling them. Using the profit from 3 he sold to own the 4th outright.

[tpinto]

Hope this link works and if it does it might show you why would have to have rocks in your head to even consider purchasing one of these death traps.

http://www.caradvice.com.au/64435/nsw-government-to-introduce-new-repairable-write-off-legislation/

OH AND FORGOT TO ADD. If it becomes illegal then no insurance company will look at you and good luck trying to reinsure one

Edited 25/01/11 01:39 PM by tpinto

[tpinto]

Thanks for the reply guys, owner told me that he had to replace both left side doors + side skirt, there was no damage to body or engine compartment.

yeah and cows can still jump over the moon. PLEASE come on fellas why in this world would an insurance company write off a 40k + car for about 5 k worth of repairs. My brother had just over 27 k worth of repairs done to his 2010 XR T after he lost it and hit a gutter and side swiped a tree.

front door., rear door. quarter guard , rear bar taillight and every suspension component on the left hand side front and rear including every control arm . rear CV, steering rack and two rims and tires. Side airbags and a few other trim bits. car was insured for 55k.

The owners name wouldnt happen to be Mohammad who has a "Fully Sick" workshop come garage at the back of his mums house and a "Fully Sick" crew comprising of a few cousins who are more accustomed to taking cars apart then putting them back together?

Edited 25/01/11 02:15 PM by tpinto