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[Vmax]

Hello all, my Miggy was recently rear ended in a car park, the driver thankfully left their details. The damage is a broken rear light cluster and the bumper is hanging off with a 'penny sized' dent just below the boot lid. My insurance company have written the car off and offered me £700. Not sure what the salvage/buy back price would be ? Has any one had this kind off experience -how much am I likely to be able to buy the car back for? I have already turned down the £700, but perhaps I should accept and hope for a really low buy back price. The quotation for repairs at the garage was £800+ for just the parts, I would of course source used parts...  Any thoughts ?? :-/

[Jim]

Hello all, my Miggy was recently rear ended in a car park, the driver thankfully left their details. The damage is a broken rear light cluster and the bumper is hanging off with a 'penny sized' dent just below the boot lid. My insurance company have written the car off and offered me £700. Not sure what the salvage/buy back price would be ? Has any one had this kind off experience -how much am I likely to be able to buy the car back for? I have already turned down the £700, but perhaps I should accept and hope for a really low buy back price. The quotation for repairs at the garage was £800+ for just the parts, I would of course source used parts...  Any thoughts ?? :-/

Take the cash, there are plenty of good omegas out there for sale similar to yours for that money or less

[Bo Bo]

You were right to turn down the first offer.
I wrote off my '95 Elite last year, held out & got £1200 for it!

[Vmax]

My car is low mileage 74000, I don't think I could find similar for £700? :-/

[Field Marshal Dr. Opti]

The damage sounds relatively minor.
If you can hold out for a good payout from the insurance company and buy the car back cheaply ,you could have a positive outcome. good luck

[Marks DTM Calib]

Yep, trawl autotrader etc for similar age cars etc and pass the prices to the insurance company.

The general rule is that they take this piss on the first two offers  

[shyboy]

Dig your heels in for a better cash settlement and grab it with both hands. Buy the car back and you'll be able to repair it economically, probably with something left for more goodies.

[Elite Pete]

I just sold my 99 Elite in the autotrader for £1500

[Vmax]

Thanks for the advice folks ....   [smiley=beer.gif]

[Albert1]

If you choose to claim through an insurance company, whether yours or the 3rd Party's, then not all insurers will allow you to buy the salvage back from them - some won't, in order to thwart "ringers".

If you do indeed buy it back, it will be logged as a category C total loss.

[Danny]

take the cash, add a few hundred and buy mine!

[Elite Pete]

take the cash, add a few hundred and buy mine!

£700 + a few (£300) = £1000, im on my way Danny

[Vmax]

take the cash, add a few hundred and buy mine!

What are you selling?

[Vmax]

Oh I see it now  

[Elite Pete]

take the cash, add a few hundred and buy mine!

What are you selling?

I think the "add a few hundred" was a bit of an understatment

 http://www.omegaowners.com/forum/YaBB.pl?num=1219755772