Experience of buying back cars from insurers
Experience of buying back cars from insurers
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?
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?
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