andyborris
Posted a lot
Freedom is just another word for nothing left to lose.
Posts: 2,158
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Jun 16, 2013 17:42:31 GMT
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Thinking about buying a Cat D car, what are the drawbacks? Is insurance a problem, re-sale etc.?
Sorry if this a re-post, tried the search and couldn't get it to work!
Thanks
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Last Edit: Jun 16, 2013 17:43:25 GMT by andyborris
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Jun 16, 2013 20:28:38 GMT
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Couple of insurance companies exclude total loss vehicles from cover (think swiftcover may be one of them - its hidden in the T&C's) most aren't bothered until it comes to pay out time at which point it will be worth curse word all in their eyes and you'll have to fight (more than normal) to get a decent payout. Re-sale value will be affected as being on the register will always put some people off, if you know what the damage was or better yet have photos this helps.
If it hasn't had a VIC check already it may or may not need one before you can get the logbook and tax it, this has absolutely NOTHING to do with checking how well (or not) it has been repaired but is only a check that it isn't a ringer.
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Jun 16, 2013 20:32:39 GMT
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Main issue is re sale value
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hamps
Posted a lot
www.medwayrscentre.co.uk
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Jun 16, 2013 20:34:12 GMT
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Cat D cars do not need a VIC test, nor does it state on the v5 it has been subject to repairs, and if a private sale you are not required by law to disclose the cat D marker, it is up to the buyer to carry out relevent checks. Also cat D does not affect re sale value by a great deal  |
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andyborris
Posted a lot
Freedom is just another word for nothing left to lose.
Posts: 2,158
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Jun 16, 2013 22:58:51 GMT
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Ok thanks, was only really worried that I might run into difficulty insuring it. It was very minor damage and it is a very cheap car! Which is why it's a CAT D repair.
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Jun 23, 2013 23:07:56 GMT
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Ok thanks, was only really worried that I might run into difficulty insuring it. It was very minor damage and it is a very cheap car! Which is why it's a CAT D repair. actually it affects value by between 30 and 40% most people knock a third off - depends on yours (and the other parties) negotiating skills interestingly people don't often care if a car was D or C just that it was once a total loss. it certainly affects things at resale time - in some ways its positive, in that your car should be cheaper than other similar exampkes (remember you should also have bought it cheaper too) and it most definetely does put some people off. |
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Jun 23, 2013 23:10:46 GMT
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Cat D cars do not need a VIC test, nor does it state on the v5 it has been subject to repairs, and if a private sale you are not required by law to disclose the cat D marker, it is up to the buyer to carry out relevent checks. Also cat D does not affect re sale value by a great deal i really wish people would not state things if they don't know them to be true. your right about the VIC check bit but the rest is garbage morally your obliged to state if a car was a write off (otherwise your stitching people up) but more importantly if you are selling a car then you are LEGALLY obliged to tell someone its a write off eg cat c/d if they ask you |
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hamps
Posted a lot
www.medwayrscentre.co.uk
Posts: 2,077
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Cat D cars do not need a VIC test, nor does it state on the v5 it has been subject to repairs, and if a private sale you are not required by law to disclose the cat D marker, it is up to the buyer to carry out relevent checks. Also cat D does not affect re sale value by a great deal I really wish people would not state things if they don't know them to be true. your right about the VIC check bit but the rest is garbage morally your obliged to state if a car was a write off (otherwise your stitching people up) but more importantly if you are selling a car then you are LEGALLY obliged to tell someone its a write off eg cat c/d if they ask you Garbage! I don't think so, morally obliged yes but most and i mean moast don't say anything when selling cat D!!!! it is always up to the buyer to do the checks. And I know what I am talking about I have been in the trade many years and have dealt in salvage just as long!, I am not saying it's right, but it happens a lot and you have no come back! Cat C is stated on the v5 so there is no hiding, which is why I think there should be a section on the V5 that marks down the rating in a box, so B,C,D whatever. Funny thing is there are probably more UN LISTED vehicles that have a far more sketchy history than the insurance total loss ones!!! I have repaired some un recorded stuff that should of been cat C if not worse! End of day if you like the car, it's been repaired properly and it's a good price, who cares!!!!! buy it. |
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Neighbour had a Cat C written off last year by somebody who ran into the back. Insurance paid up decent amount and previous history never mentioned.
Paul H
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Jun 24, 2013 12:14:13 GMT
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Garbage! I don't think so, morally obliged yes but most and I mean moast don't say anything when selling cat D!!!! it is always up to the buyer to do the checks. And I know what I am talking about I have been in the trade many years and have dealt in salvage just as long!, I am not saying it's right, but it happens a lot and you have no come back! your in the trade huh - good for you oh but hang on, so am I now I totally agree that you should do the checks is it worth it on a cheap car - its £3 these days to find out if a car has poor history, so hardly gonna break the bank and on anything over £1000 youd be mad not to check but the bottom line is that on any sale (private or trade) if the other party asks you if the car has ever been written off (or words to that effect) then you are LEGALLY obliged to answer turthfully |
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ChasR
RR Helper
motivation
Posts: 10,192
Club RR Member Number: 170
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Cat D DrawbacksChasR
@chasr
Club Retro Rides Member 170
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Jun 24, 2013 12:15:46 GMT
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I have not had an issue with being paid out with a CAT D car or insurance issues (that was after it was crashed). As for the VIC check, I would go with that CAT Ds do not require one, although the DVLA barely seem to know (When I wrote off my Focus, they didn't and asked me to send in the form to see what would happen. I was later told it did not need a VIC check.
On some cars it does not massively affect resale value (dare I say it, a number of CAT Ds can be straighter than people who botch cars up on the cheap in order to avoid insurance chaps (or are trying to hide something from them...)). A friend's Clio 172 on a CAT D has to be one of the straightest and tidiest 172s I have seen in comparison to the abused 'HPI Clear' hot hatches owned on a shoestring:
One car I have owned which was a 2 owner car, and HPI clear has to be one the worst cars I have owned by quite way, surpassing any CAT D car I ever owned. However, you have to choose carefully. At least with a marker against it you will have your wits about you.
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Last Edit: Jun 24, 2013 12:19:49 GMT by ChasR
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hamps
Posted a lot
www.medwayrscentre.co.uk
Posts: 2,077
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Jun 24, 2013 13:55:43 GMT
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![/quote]your in the trade huh - good for you
oh but hang on, so am I
now I totally agree that you should do the checks
is it worth it on a cheap car - its £3 these days to find out if a car has poor history, so hardly gonna break the bank
and on anything over £1000 youd be mad not to check
but the bottom line is that on any sale (private or trade) if the other party asks you if the car has ever been written off (or words to that effect) then you are LEGALLY obliged to answer turthfully
[/quote]
God!
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ChasR
RR Helper
motivation
Posts: 10,192
Club RR Member Number: 170
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Cat D DrawbacksChasR
@chasr
Club Retro Rides Member 170
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Jun 24, 2013 17:58:29 GMT
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Andy, what car exactly are you thinking of buying and when in its life was it recorded as a CAT D?
TBH, it would not take much to many any of my moderns a CAT D (I sort of already have written off the Passat(Gearboxes are mental money in 5 speed form secondhand!).
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Jun 25, 2013 15:18:30 GMT
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I work for an insurance business, I heard last year that a specialist team in the business were tracking a hundred odd cars that had been written off more than once. They were trying to work out whether or not they'd been repaired in between claims or not.
If you keep in mind you're getting it cheaper because of the status and expect the insurer to take that into account if they have to pay out on it then you shouldn't get a nasty surprise.
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