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+--- Thread: Experience of buying back cars from insurers (/showthread.php?tid=6572)
Experience of buying back cars from insurers - mattlaw - 19-12-2018
Hi guys just wondering if any of you guys have had experience of buying back cars from insurers? I crashed my lex this weekend an looking at the damage it may be a write off, but I'd love to get it back on the road again
Experience of buying back cars from insurers - Phil01 - 19-12-2018
Sorry to hear the bad news, got no experience tho of a buy back
Experience of buying back cars from insurers - Rabster - 20-12-2018
whats the damage mate we might be able to advise on repair costs etc
Experience of buying back cars from insurers - mattlaw - 20-12-2018
Front bumper, os headlamp actuator, ac rad, rad, crash bar, I'll try an put a picture up later
Experience of buying back cars from insurers - toxo - 20-12-2018
I have sort of. It's pretty straight forward. You still have to pay your excess and the price you buy it back for varies but is generally around 70% of what they value the car at (obviously if it's an economical writeoff they already value the car at less than the repair work estimate, so the cost will be less than that again).
It depends what category writeoff it is as to how you then proceed with fixing it. There are 6 different categories (not just A-D as most people will tell you). To be honest I would only bother buying back either Cat D or Cat X - most of our cars are only worth a few £k and if it's uneconomical for a professional outfit to repair, the end result probably won't be worth it. Don't do it just because you're attached to the car if it's standard, you will be better off taking the money and buying another one. It's hard but that's the financial reality of the matter. Obviously that's different if you're planning on buying it back to break it for parts.
Were there any other parties involved?