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Author Insurance Companies selling salvage
NovaGTE2
Member
Registered: 26th Sep 06
Location: Peasedown St John, Bristol Avon
User status: Offline
3rd Apr 09 at 13:17   View User's Profile U2U Member Reply With Quote
Been chasing my TT up a bit this week and spoke with the insurance company who paid out for the car; they have offered me the car for Salvage cost as i am 'Innocent purchaser'. Anyone any idea what sort of % of the cars value that would be. Someone has told me 10% but surely it cant be that low!!!
John
Member
Registered: 30th Jun 03
User status: Offline
3rd Apr 09 at 13:19   View User's Profile U2U Member Reply With Quote
Would they not tell you what salvage cost was?
NovaGTE2
Member
Registered: 26th Sep 06
Location: Peasedown St John, Bristol Avon
User status: Offline
3rd Apr 09 at 13:22   View User's Profile U2U Member Reply With Quote
Sorry forgot to put that; they haven't got that yet as an engineer is going to look over the car soon. Just after an idea really.
DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
User status: Offline
3rd Apr 09 at 13:30   View User's Profile U2U Member Reply With Quote
So they've paid out but an engineer hasnt looked at it? Very odd!
NovaGTE2
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Registered: 26th Sep 06
Location: Peasedown St John, Bristol Avon
User status: Offline
3rd Apr 09 at 13:34   View User's Profile U2U Member Reply With Quote
http://corsasport.co.uk/board/viewthread.php?tid=489735 Theres a bit more info about the sit.

Basically i bought a cloned car; as soon as i suspected i handed it into the police. The insurance company paid out to the original owner and as i was the 'Innocent Party' i can buy it direct from the insurance for salvage cost minus a bit as a good will jesture
BYRON
Member
Registered: 1st Jun 04
User status: Offline
3rd Apr 09 at 13:37   View User's Profile U2U Member Reply With Quote
I would expect circa 20%-25% less than current trade book. Trade values have hit an unsustainable peak, so you will be paying simlar trade values today, as we were 12mths ago.

 
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