Disappointing GTX news

[Radorocco]

Well, following a seemingly fairly innocuous accident, the insurance Co have decided to write the car off. I only know this as I had a phone call from a salvage company out of the blue asking when they could collect the car! No contact at all from the insurance Co or their engineers although I now gather I'll get a valuation next week.

I'm well aware the car is getting on a bit and will quite a bit of work in the coming years which to reasonable extent I'm happy to commit to.

Any downsides to a car with a write off history or anything else I should consider? Not that selling it on is at all on my radar!

Cheers
Jeff

[GTXTRA]

Keep car, negotiate the salvage retention fee away given they're not incurring any storage charges.

[GT Matt]

As Sean says. Agree costs to retain and use any additional money paid out to refurbish the car

[sabre0699]

Sad fact that any older cars that are worth huge amounts of money (ie not E types etc ) will be written off for fairly minor amounts of damage.

Body Panel prices for a 30 year old Scirocco (where they are available new) will be on par with those for a similar mk3 Scirocco that will have a much greater retail value .

For example a later facelifted model Corrado where the front wings are all but unobtainable and a minor front end dink will inevitably write the car off .

As for it being written off, it will no doubt due to age and value be a Cat C (or possibly a Cat D) , no problems really it will require a new MOT to be put back on the road ( VIC checks have gone now) and most insurers will be happy with this to reinsure.

I would buy back as a project and if it doesn't work out break for spares

[sabre0699]

should read that are NOT worth huge amounts of money

[steve bain]

i will add that it is illegal for an insurance company to refuse to insure you or increase the premium for a cat c or d right off. I have had loads of cat d's bought from auction and they always try and make out like its a problem, but it isn't. i think it would be a cat c - economic right off due to cost to repair. cat d is other economic right off. Ie, stolen recovered and pay out has already been made.

[Radorocco]

Thanks to all for your responses which pretty much reinforce what I was planning to do.

It was due for an MOT anyway (!) and I'm very tempted to start getting the work done on a non-urgent basis as I've got a lot of the parts likely to be required already.

Cheers
Jeff

[unknownmale]

Did they deliver the car back to you? Be interest to know how much it cost to buy it back.

[Nate]

I'd suggest not letting them take the car in the first place. Salvage yards usually move cars with a forklift, so you'll have further damage to the underside that will need repair

[Radorocco]

I have phoned both the salvage company and the insurance co to tell them that I do NOT want the car taken away.

Will be interesting to see how much they will value the car at.

Jeff

[sabre0699]

Realistically an accident damaged GTX should only be worth scrap value (or scrap plus a few hundred pounds) remember that until the insurer pays out the vehicle still belongs to you and you can dictate where it stays
If a salvage yard removes it and then you either buy it back or accept the vehicle as part of settlement YOU will be hit for storage fees from the time you agree a settlement and you will be liable for its collection and delivery costs