daymoon
Premium Member
Registered: 1st Aug 08
Location: Selby, North Yorkshire
User status: Offline
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Looking at buying a car that has front end damage - seems to be bolt off bolt on job.
The guy is going though insurance, but they haven't paid out for it yet and he has his V5.
What I am worried about is that if I buy this car and then insurance pays out for it, won't they want the car back? What are other scenarios that can happen?
Car will be Cat C most likely when insurance pays out(most likely. Needs new rear and front bumper, front lights, bumper, bonnet, rad and fan)
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tom_simes
Show Staff
Organiser: South Wales
Premium Member
Registered: 12th Jan 05
Location: Undy, Newport Drives: Skoda Octavia vRS estate
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Once they pay out, the car is theirs.
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daymoon
Premium Member
Registered: 1st Aug 08
Location: Selby, North Yorkshire
User status: Offline
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That is what I am worried about. He(seller) does have the option of buying it back, right?
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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It's not his to sell.
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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john_redtop
Member
Registered: 31st Dec 08
Location: acklam middlesbrough
User status: Offline
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quote:
Originally posted by tom_simes
Once they pay out, the car is theirs.
But the owner has the choice to buy it back for a small price
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Tomnova16
Premium Member
Registered: 21st Jan 06
Location: Gerrards Cross Drives: Porsche 911
User status: Offline
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Yes can buy back.
Have to wait till claims gone through
http://www.lemass.co.uk/ for all your automotive/bodyshop needs
Located in Chalfont st Peter
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shaunmods
Premium Member
Registered: 12th Mar 07
Location: Glascote, Staffordshire
User status: Offline
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Depends on what level of cover was on the car and what type of settlements are offered.
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Graham88
Member
Registered: 16th Apr 07
Location: South East Kent Drives: E46 M3
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I'd leave it until its all sorted personally, just sounds like you can lose out too easily in the current situation
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Ian
Site Administrator
Registered: 28th Aug 99
Location: Liverpool
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If its categorised at all then it is no longer his property.
They may offer him the chance to buy the salvage but that's if they offer it.
Not entirely sure what happens to your insurance claim if you sell the car mid way through. My guess is that you forfeit the claim.
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daymoon
Premium Member
Registered: 1st Aug 08
Location: Selby, North Yorkshire
User status: Offline
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:/ Not sure what to do  I think I will email him so that he can contact his insurance and find out from them.
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AndyCorsaSport
Member
Registered: 12th Feb 06
Location: Horsforth, West Yorkshire
User status: Offline
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All he has to do is ask how much to buy it back.
My friend did it just before Xmas. He crashed his car and I wanted to buy it, they offered him a certain price as a pay out. Then a lower price but including him keeping the car.
I was gutted I didn't have enough money been lumbered with a fucked car and just before Xmas cause it was a proper bargain
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daymoon
Premium Member
Registered: 1st Aug 08
Location: Selby, North Yorkshire
User status: Offline
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Well I emailed the guy and he claims that his insurance authorised him to Sell/scrap/repair the car.
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John
Member
Registered: 30th Jun 03
User status: Offline
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They haven't paid out but they've authorised him to get rid of the car?
Not sure why you are still contemplating it 
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daymoon
Premium Member
Registered: 1st Aug 08
Location: Selby, North Yorkshire
User status: Offline
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quote:
Originally posted by John
They haven't paid out but they've authorised him to get rid of the car?
Not sure why you are still contemplating it
Well if they authorised it then they should just reduce his payout I'd imagine.
The car is on Ebay and I went to view it and it is fairly good car, but the price is not very appealing now.
Don't think I will end up buying it tbh.
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Jake
Member
Registered: 24th Jan 05
User status: Offline
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thats what he's telling you anyway
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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quote:
Originally posted by AndyCorsaSport
All he has to do is ask how much to buy it back.
My friend did it just before Xmas. He crashed his car and I wanted to buy it, they offered him a certain price as a pay out. Then a lower price but including him keeping the car.
I was gutted I didn't have enough money been lumbered with a fucked car and just before Xmas cause it was a proper bargain
this the ctr?
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Liam-Wilko
Member
Registered: 6th Mar 08
Location: Sunderland, Tyne and Wear
User status: Offline
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insurance will never authorise a car to be sold on if there is a claim mid way through on most situations the insurance assesor will come and take the car in the first place
i would stay well clear of it mate on a serias note
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AndyCorsaSport
Member
Registered: 12th Feb 06
Location: Horsforth, West Yorkshire
User status: Offline
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quote:
Originally posted by john-d
quote:
Originally posted by AndyCorsaSport
All he has to do is ask how much to buy it back.
My friend did it just before Xmas. He crashed his car and I wanted to buy it, they offered him a certain price as a pay out. Then a lower price but including him keeping the car.
I was gutted I didn't have enough money been lumbered with a fucked car and just before Xmas cause it was a proper bargain
this the ctr?
Yup I could have afforded it, but would have left me with little money just before Xmas. If the KA I had at the time had already sold id have had it. Then I sold the Ka 4 days after
CTR was £750 
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LeeM
Member
Registered: 26th Sep 05
Location: Liverpool
User status: Offline
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Hell get offered a value, then a lower value if he wants to keep it. It's normally just what the insurer can get from their salvage conpany. Though it depends entirely on who's dealing, his insurer the other party insurer or an accident management company.
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daymoon
Premium Member
Registered: 1st Aug 08
Location: Selby, North Yorkshire
User status: Offline
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Well...
My mate has bought the car in question.
We drove the car back to my mates house - 40 miles. I was leading the "convoy" and he was following me. Car never overheated, both headlights worked 
Damage inspection
New slam panel installed and radiator far shroud fixed and painted:
Old bonnet straightened out so that we could drive 100 miles to pick up new one.
Then seeing as it was my mates birthday the following day I thought I would stick some balloons on his car at night ( was same night as we picked up the bonnet)
All back together:
Logbook is in my mates name, I have done an HPI test few weeks ago and it was clear.
Also passed MOT needing one rear spring which we robbed of a BMW I was breaking.
[Edited on 21-05-2012 by daymoon]
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taylorboosh
Member
Registered: 3rd Apr 07
User status: Offline
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good work
wheels look shit
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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Can't believe he drove it 40 miles hoke with tuat damage and didn't get pulled  good job on the repair.
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
User status: Offline
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Not bad matey
Needs M-Sport stuff, these always look so bare and poverty without them in that dark blue
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daymoon
Premium Member
Registered: 1st Aug 08
Location: Selby, North Yorkshire
User status: Offline
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We are looking for a cheap e39 with m sport bumpers that we can keep the bodykit and break the rest of car to get our money back.
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Simon_16v
Member
Registered: 14th Aug 06
Location: Yorkshire
User status: Offline
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Good job mate, havent seen your car round town yet?
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