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Author Buying back a write off....
Iain M
Member
Registered: 18th Aug 05
Location: Wigan - Drives 272bhp corsa ZLET
User status: Offline
28th Aug 08 at 17:55   View User's Profile U2U Member Reply With Quote
What do you do??
Do you still get the money they where going to give you minus what you buy it back for?
Do you still pay the excess?

AAAAAAAAARRRRRRRRRRGGGGGGGGHHHHHHHHHHHH my fuckin head hurts as i have no idea

Please help.
James_DT
Member
Registered: 9th Apr 04
Location: Cambridgeshire
User status: Offline
28th Aug 08 at 18:04   View User's Profile U2U Member Reply With Quote
AFAIK, you pay the excess and get the remaining pay out (which is the point that the car becomes the property of the insurance company) and then buy it back out of what you get.
Jakey
Premium Member

Registered: 4th Jun 07
Location: Sandbach
User status: Offline
28th Aug 08 at 18:10   View Garage View User's Profile U2U Member Reply With Quote
quote:
Originally posted by James_DT
AFAIK, you pay the excess and get the remaining pay out (which is the point that the car becomes the property of the insurance company) and then buy it back out of what you get.


Correct.

As said before. My car was insured for 900, insurance offered my 600, excess was 500 (being under 18) and cost 75 to buy back, so was left with £25
Iain M
Member
Registered: 18th Aug 05
Location: Wigan - Drives 272bhp corsa ZLET
User status: Offline
28th Aug 08 at 18:18   View User's Profile U2U Member Reply With Quote
AFAIK stands for what??
James_DT
Member
Registered: 9th Apr 04
Location: Cambridgeshire
User status: Offline
28th Aug 08 at 18:20   View User's Profile U2U Member Reply With Quote
As far as I know
Iain M
Member
Registered: 18th Aug 05
Location: Wigan - Drives 272bhp corsa ZLET
User status: Offline
28th Aug 08 at 18:28   View User's Profile U2U Member Reply With Quote
Right so they offer me £800 i pay £250 excess which leaves me with £550, then minus £56 to buy it back leaves me £494 then if i sell the wheels springs exhaust stereo and all the shite i have in the garage then i could make a nice little bit of money to put down as a deposit for new car. right??
.dean.
Member
Registered: 21st Sep 07
Location: Hindley, Wigan Drives: Like Its Stolen!
User status: Offline
28th Aug 08 at 18:30   View User's Profile U2U Member Reply With Quote
correct!
mattfiesta
Member
Registered: 14th Jul 05
Location: Nottinghamshire
User status: Offline
28th Aug 08 at 18:30   View User's Profile U2U Member Reply With Quote
dont know how you go about it but my mate bought his rs2000 back for £90
Iain M
Member
Registered: 18th Aug 05
Location: Wigan - Drives 272bhp corsa ZLET
User status: Offline
28th Aug 08 at 18:34   View User's Profile U2U Member Reply With Quote
Sounds fucking tempting now i understand lol
Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
User status: Offline
28th Aug 08 at 18:35   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Iain M
Right so they offer me £800 i pay £250 excess which leaves me with £550, then minus £56 to buy it back leaves me £494 then if i sell the wheels springs exhaust stereo and all the shite i have in the garage then i could make a nice little bit of money to put down as a deposit for new car. right??


You got a good deal by the sounds of it, can't believe they offered you it back for that little
Jakey
Premium Member

Registered: 4th Jun 07
Location: Sandbach
User status: Offline
28th Aug 08 at 18:36   View Garage View User's Profile U2U Member Reply With Quote
Is it the best way tbh mate, get everything you want/can of the car, then still weigh it in for more than you bought it back for.
Iain M
Member
Registered: 18th Aug 05
Location: Wigan - Drives 272bhp corsa ZLET
User status: Offline
28th Aug 08 at 18:39   View User's Profile U2U Member Reply With Quote
Cheers. he said it was a percentage of what they valued it at. Think it was 7% but i don't know why that percentage
Adge
Member
Registered: 28th Aug 04
Location: Lancashire
User status: Offline
28th Aug 08 at 19:04   View User's Profile U2U Member Reply With Quote
sounds like a awsome deal to me! dun well there mate
Iain M
Member
Registered: 18th Aug 05
Location: Wigan - Drives 272bhp corsa ZLET
User status: Offline
28th Aug 08 at 19:05   View User's Profile U2U Member Reply With Quote
I hope it was £56 I swear thats what they said.
MikeE
Member
Registered: 7th Mar 03
Location: Milton Keynes
User status: Offline
28th Aug 08 at 19:07   View User's Profile U2U Member Reply With Quote
hope it wasnt £560 and you miss heard them
Iain M
Member
Registered: 18th Aug 05
Location: Wigan - Drives 272bhp corsa ZLET
User status: Offline
28th Aug 08 at 19:11   View User's Profile U2U Member Reply With Quote
No i would of heard £560 lol will have to double check first thing. Also i wrote it down as soon as he said it in my other thread
Deadude
Member
Registered: 30th Jun 07
Location: Spondon, Derby
User status: Offline
28th Aug 08 at 19:20   View User's Profile U2U Member Reply With Quote
mine cost around 400 to buy back and that was after quite a bit of bargaining
Iain M
Member
Registered: 18th Aug 05
Location: Wigan - Drives 272bhp corsa ZLET
User status: Offline
28th Aug 08 at 19:31   View User's Profile U2U Member Reply With Quote
Well we'll find out in the morning when i ring them. Fingers crossed i heard right.

 
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