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Author Topic: buying back car from insurance  (Read 1929 times)

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unlucky mark mv6

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buying back car from insurance
« on: 19 March 2010, 18:09:24 »
is it correct that if you want to buy your car back after its been written off,you have to go to the auction? :-/
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Lazydocker

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Re: buying back car from insurance
« Reply #1 on: 19 March 2010, 18:15:53 »
You should get first refusal I thought :-/
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unlucky mark mv6

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Re: buying back car from insurance
« Reply #2 on: 19 March 2010, 18:19:13 »
Quote
You should get first refusal I thought :-/
Thats the way i thought it worked,suppose its changed then. :-/
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Lizzie_Zoom

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Re: buying back car from insurance
« Reply #3 on: 19 March 2010, 18:25:06 »
All I know is that back in November last year, when my 2.5 was written off, my insurance company gave me the choice of a cheque for the full value of the car (which I accepted) or the car back with a cheque for 60% of its value.

No auction involved. ;) ;)
« Last Edit: 19 March 2010, 18:25:44 by Lizzie_Zoom »
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mantagte

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Re: buying back car from insurance
« Reply #4 on: 19 March 2010, 19:27:27 »
i bought mine back from the insurance company last year when they wrote it off
just told the insurance company if the car is written off i want to buy it back
paid £50 to buy mine back
they paid out £700
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Kevin Wood

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Re: buying back car from insurance
« Reply #5 on: 19 March 2010, 19:32:54 »
Until you've accepted a payout from your insurance company the car is still yours so you can do what you like with it. :y

Kevin
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unlucky mark mv6

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Re: buying back car from insurance
« Reply #6 on: 19 March 2010, 19:41:09 »
Some helpful info there folks,just what i wanted to know. :y
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Kevin Wood

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Re: buying back car from insurance
« Reply #7 on: 19 March 2010, 20:27:47 »
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Until you've accepted a payout from your insurance company the car is still yours so you can do what you like with it. :y

Kevin

Having said that, if they have officially written it off there's a procedure to follow, depending on category, before you can legally put it back on the road.

Kevin
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hotrod222278

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Re: buying back car from insurance
« Reply #8 on: 19 March 2010, 21:43:19 »
Ye... Mine was a cat C and its got to go through a VOSA test now
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Del Boy

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Re: buying back car from insurance
« Reply #9 on: 19 March 2010, 22:10:08 »
Cat D - No VIC required.
Cat C - VIC required, cam be put back on the road if repair satisfactory.
Cat B - Some parts maybe salvaged from the car, never to be put on the road again
Cat A - Everything is only fit for the crusher

 :y
« Last Edit: 19 March 2010, 22:10:36 by LSG_1 »
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HNO3GOH

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Re: buying back car from insurance
« Reply #10 on: 19 March 2010, 23:29:53 »
I'm just going through this with my 03 plate omega and i was told i could keep the car by the guy who come to look at damage but when i called the insurance to say that i was keeping the car they said no and that it was all to do with getting older cars off the road but yes i could get it back if i was to go to the auction >:(
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Entwood

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Re: buying back car from insurance
« Reply #11 on: 19 March 2010, 23:42:35 »
Quote
I'm just going through this with my 03 plate omega and i was told i could keep the car by the guy who come to look at damage but when i called the insurance to say that i was keeping the car they said no and that it was all to do with getting older cars off the road but yes i could get it back if i was to go to the auction >:(


Totally illogical... if it's keeping older cars offf the road .. it would be scrapped .. if it's for sale at an auction .. it's back on the road.

Methinks someone is talking out of their backside. ... and I'd be telling them just that.
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unlucky mark mv6

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Re: buying back car from insurance
« Reply #12 on: 20 March 2010, 09:06:02 »
Quote
Quote
I'm just going through this with my 03 plate omega and i was told i could keep the car by the guy who come to look at damage but when i called the insurance to say that i was keeping the car they said no and that it was all to do with getting older cars off the road but yes i could get it back if i was to go to the auction >:(


Totally illogical... if it's keeping older cars offf the road .. it would be scrapped .. if it's for sale at an auction .. it's back on the road.

Methinks someone is talking out of their backside. ... and I'd be telling them just that.
Got to agree there entwood. ;)
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HNO3GOH

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Re: buying back car from insurance
« Reply #13 on: 20 March 2010, 10:53:23 »
Quote
Quote
Quote
I'm just going through this with my 03 plate omega and i was told i could keep the car by the guy who come to look at damage but when i called the insurance to say that i was keeping the car they said no and that it was all to do with getting older cars off the road but yes i could get it back if i was to go to the auction >:(


Totally illogical... if it's keeping older cars offf the road .. it would be scrapped .. if it's for sale at an auction .. it's back on the road.

Methinks someone is talking out of their backside. ... and I'd be telling them just that.
Got to agree there entwood. ;)

I know and i said that i was only going to use it for parts so i would send them the V5 but i was then told that i may be selling the parts which would only be keeping other cars on the road and it's the gov that have set out this guide line about not letting the owner keep there car, all i seem to be doing is banging my head >:(
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