Does anyone see a problem with this

Trhiggy83

I wrote my car off on the motorway about 6 months ago. the insurers sorted it out and paid me 11500 at the time. i have since went and bought the same car in the UK to replace my old car.

I noticed my old car is for sale again now for 8 k on the net and has been repaired since.To be honest i was surprised at the time that the insurance company wrote it off but anyway.

Is there anything ethically wrong with me buying this car. I can then go and sell the car i bought to replace it and make a handsome profit (circa 3-4k)

It seems like a no brainer to me.

They are selling the car cheap and i will get good money for the car i bought in the uk because its a high spec.

does anyone see a problem with this.

Im still actually on the log book as the current owner as a garage repaired the car

What ye reckon lads, does anyone think thats defrauding the system

seanybiker

The car was wrote off. That's a fairly good reason to sell a car cheap. Personally I wouldn't go near it at all. You have a higher spec car that insurance paid for. Why would you want a repaired car that has a lower spec than the one you have now

Ghost Train

Wonder would the car have any trouble passing it's next nct?

seanybiker

seanybiker wrote: »

The car was wrote off. That's a fairly good reason to sell a car cheap. Personally I wouldn't go near it at all. You have a higher spec car that insurance paid for. Why would you want a repaired car that has a lower spec than the one you have now

Trhiggy83 wrote: »

make a handsome profit (circa 3-4k)

........................... does anyone think thats defrauding the system

OP, it's not remotely fraudulent

I wouldn't give the asking price for your old one though, also I'd be surprised if you get what you expect for the new one.

Trhiggy83

because i know why the car was wrote off and once that was sorted then it should be fine. Its classed as crashed but i crashed it and i know what damage was done to it.

The car that was wrote off is high spec as well, same model as the one i have now.Just a thought

Trhiggy83

Ghost Train wrote: »

Wonder would the car have any trouble passing it's next nct?

nct passed just last week, i got a text as im still the registered owner in theory

AugustusMinimus

Exactly. No fruad.

It's €3,500 cheaper because it's a crashed car. If you wrote off this car, I'm suprised they are looking for so much to be honest.

I wouldn't touch a crashed car.

Typhoon.

I'd prefer to hold on to the import

or at least have it sold before you bought the old one

seanybiker

RoverJames wrote: »

OP, it's not remotely fraudulent

I know what he said my point is why would anyone want to go to the trouble of getting an ex wrote off car with a worse spec than the car he didn't even have to pay for just to try make a few pound.

Trhiggy83

RoverJames wrote: »

OP, it's not remotely fraudulent

I wouldn't give the asking price for your old one though, also I'd be surprised if you get what you expect for the new one.

ya i know what needed to be fixed in the car, if i got a 3 month warranty i would take it so you could give the car a running and see is there any problems

Trhiggy83

seanybiker wrote: »

I know what he said my point is why would anyone want to go to the trouble of getting an ex wrote off car with a worse spec than the car he didn't even have to pay for just to try make a few pound.

the difference in spec is marginal, leather seats in the new one. its more than a few quid though. its got me thinkin

seanybiker

Trhiggy83 wrote: »

the difference in spec is marginal, leather seats in the new one. its more than a few quid though. its got me thinkin

Upto yourself sure. Does the fact that it's so cheap not ring any alarm bells though?

Anan1

Trhiggy83 wrote: »

the difference in spec is marginal, leather seats in the new one. its more than a few quid though. its got me thinkin

How are you calculating the value of the car you're selling?

Trhiggy83

AugustusMinimus wrote: »

Exactly. No fruad.

It's €3,500 cheaper because it's a crashed car. If you wrote off this car, I'm suprised they are looking for so much to be honest.

I wouldn't touch a crashed car.

Ya but i crashed it and know why it was wrote off. If the problem is rectified then and a warranty given you would be safe enough

seanybiker

seanybiker wrote: »

I know what he said my point is why would anyone want to go to the trouble of getting an ex wrote off car with a worse spec than the car he didn't even have to pay for just to try make a few pound.

Well the only motivation here is the financial side so if you discount that there is no reason at all to do it.

Trhiggy83 wrote: »

ya i know what needed to be fixed in the car, if i got a 3 month warranty i would take it so you could give the car a running and see is there any problems

My point was never give the asking price, I wouldn't be putting such confidence in a 3 month warranty.

Trhiggy83

Anan1 wrote: »

How are you calculating the value of the car you're selling?

well i have looked at the market a lot and would get 13k in the morning for it or 14-15 if i waited.

Trhiggy83

it would be tough to sell again i suppose seen as it is classed as a write off but it is legally allowed to be back on the road

Trhiggy83

Typhoon. wrote: »

I'd prefer to hold on to the import

or at least have it sold before you bought the old one

ya would have been better off if i didnt see it online

Anan1

Trhiggy83 wrote: »

well i have looked at the market a lot and would get 13k in the morning for it or 14-15 if i waited.

I'm not trying to be smart, but all you see when you look at ads is asking prices. Exactly how are you calculating what someone will pay you for your car?

Trhiggy83

Anan1 wrote: »

I'm not trying to be smart, but all you see when you look at ads is asking prices. Exactly how are you calculating what someone will pay you for your car?

Im takin bout 2 k off the asking price. They are asking for 15k for the spec of car i have. Would definately get 13k for it as there aint many of these cars around. Anyway my mind id made up now anyway.

Thanks lads, i have just seen the light. The resale value will be shocking because it is a write off technically. Ill post up the link to the car

Trhiggy83

Car in question

http://http://cars.donedeal.ie/for-sale/cars/2115630?cid=2115630

Anan1

Trhiggy83 wrote: »

Im takin bout 2 k off the asking price. They are asking for 15k for the spec of car i have. Would definately get 13k for it as there aint many of these cars around.

Doesn't work like that, i'm afraid. If a dealer's asking 15k for a similar car then they'll take 13.5. Take off warranty and prep costs and you're maybe down to 12. You're a private seller, so you might get 10. Those figures are all examples, but you get the basic idea. These days more than ever, there's a world of a difference between asking and getting.;)

Big Nasty

A 320cd with 'used box' - rare as hens man!

Trhiggy83

MCMLXXV wrote: »

A 320cd with 'used box' - rare as hens man!

diesel mate is rare with low mileage, go have a look

Trhiggy83

MCMLXXV wrote: »

A 320cd with 'used box' - rare as hens man!

used box ?

No mention in the add of it being a repaired insurance write off, I wonder are Vini Cars disclosing this to folk?

Trhiggy83

RoverJames wrote: »

No mention in the add of it being a repaired insurance write off, I wonder are Vini Cars disclosing this to folk?

of course they are not, thats why you should do your homework before you buy a car i suppose and dont rely on what people tell you

Trhiggy83

Anan1 wrote: »

Doesn't work like that, i'm afraid. If a dealer's asking 15k for a similar car then they'll take 13.5. Take off warranty and prep costs and you're maybe down to 12. You're a private seller, so you might get 10. Those figures are all examples, but you get the basic idea. These days more than ever, there's a world of a difference between asking and getting.;)

ya i know what your sayin, seemed like a good idea but i have knocked it on the head now. would be hassle gettin rid of it if i wanted to sell it on. You wouldnt know what you are buying though

unkel

Trhiggy83 wrote: »

but i have knocked it on the head now. would be hassle gettin rid of it if i wanted to sell it on.

Glad you changed your mind

There's not a hope in hell you'd sell your current '04 320d for €13k privately...

Out of interest, what light is on in the dash of your old car - is it just the handbrake one or is it an airbag light?

Trhiggy83

Trhiggy83 wrote: »

of course they are not, thats why you should do your homework before you buy a car i suppose and dont rely on what people tell you

I never knew that :eek:
Thanks.

unkel

Ah now James, a bit less sarcasm please

PaulKK

unkel wrote: »

Out of interest, what light is on in the dash of your old car - is it just the handbrake one or is it an airbag light?

As an E46 320d owner I can confirm its the handbrake light.

Also, it needs some diesel

mickdw

The point that has not been mentioned here I think is that there are different levels of write off. Im sure in this case, it was just more ecomonical for the insurers to buy the car off the OP and then sell it off to the trade compared to paying him for all new parts to repair. Judging by the OPs comments there was no structural damage to it and there would be nothing stopping this car being put back on the road.
We dont operate such a transparent system as the UK in relation to write offs but internally at least the insurers do use the A B C D classification of write off.

Mar4ix

when i was working in garage, we had one car to repair (some gearbox issue), and pay roadtax (garage car), when we went to tax office, they refuse tax car, cos it is written off. They gave some forms to fill up..... like garage acknowledge that car is roadworthy, put garage reg number, insurance number, sign, stamp .. and wualla ... car legally back on road.

hoodrats

Mar4ix wrote: »

when i was working in garage, we had one car to repair (some gearbox issue), and pay roadtax (garage car), when we went to tax office, they refuse tax car, cos it is written off. They gave some forms to fill up..... like garage acknowledge that car is roadworthy, put garage reg number, insurance number, sign, stamp .. and wualla ... car legally back on road.

whuaaattt?

Senna

Mar4ix wrote: »

when i was working in garage, we had one car to repair (some gearbox issue), and pay roadtax (garage car), when we went to tax office, they refuse tax car, cos it is written off. They gave some forms to fill up..... like garage acknowledge that car is roadworthy, put garage reg number, insurance number, sign, stamp .. and wualla ... car legally back on road.

That car was scrapped by the sounds of it. very different to an insurance write off.

Esel

hoodrats wrote: »

whuaaattt?

Problem reading English? :pac:

n97 mini

My car was mildly rear-ended, but the repair costs quoted by the garage were astronomical as the bumper had to be reshaped, painted and the reverse parking sensors had to be replaced (an €800 cost). The insurance company nearly wrote it off as a result.

Uneconomic to repair and written off a a result doesn't mean the car is fit for scrap.

Mar4ix

n97 mini wrote: »

My car was mildly rear-ended, but the repair costs quoted by the garage were astronomical as the bumper had to be reshaped, painted and the reverse parking sensors had to be replaced (an €800 cost). The insurance company nearly wrote it off as a result.

Uneconomic to repair and written off a a result doesn't mean the car is fit for scrap.

Cars in scrapyard coming for free... or for very small money, guys in scrapyard may fix and put back on road. Car value might will be way lower then market cos of recorded crash, but once it pass nct, itll be fine drive. Some people not bother of car history, main thing it is - cheap price, ncted and driving fine, and car will be sold. couple grands earning for scrapyard/garage. If somebody been in scrapyards, could see that they do sale crashed cars.

edit:
some garages rise repair cost with purpose to buy off insurance company it for silly low price, then they fix car and sale it.

Trhiggy83

Just one question i have lads,
When the insrance company writes off your car, are they obliged by law to offer to sell it back to you. I was told by a auto repair shop the insurers would offer me the car back but they never did.

Anyone have any experiance of this?

mickdw

Trhiggy83 wrote: »

Just one question i have lads,
When the insrance company writes off your car, are they obliged by law to offer to sell it back to you. I was told by a auto repair shop the insurers would offer me the car back but they never did.

Anyone have any experiance of this?

You can ask to buy it but I dont see why they would have to offer it to you. They already paid you market value for it so they own it.

NewApproach

It's a crashed car; I'd be inclined to walk away

Trhiggy83

mickdw wrote: »

You can ask to buy it but I dont see why they would have to offer it to you. They already paid you market value for it so they own it.

I suppose your right,they never got me to sign anything though. The car is still in my name technically which is a bit strange. Surely they cant sign the registration form on my behalf because i didnt sign it before i handed it over to them.

Trhiggy83

NewApproach wrote: »

It's a crashed car; I'd be inclined to walk away

i am not buying it, the boardsies made it clear in my head already

NewApproach

Trhiggy83 wrote: »

i am not buying it, the boardsies made it clear in my head already

Great, sorry I only read the first few posts.

cojomo2

Would it show on a cartell report if the car had been scrapped or written off?

Anan1

cojomo2 wrote: »

Would it show on a cartell report if the car had been scrapped or written off?

Maybe. I had a car that was written off by my ins co in Feb 08, it still wasn't showing on the reports a year later.