cheshire911 said:Legzr1 said:Thanks for all the replies.
Decided to do the right thing and it's now in the hands of the insurers.
All the details supplied by the other driver have checked out and he's insured so first worry is out of the way.
The car (2003 C2 with turbo fromt PU, aero skirts and rear wing and dodgy '997 look' headlight covers) is being picked up on Monday for assessment. I had a quick chat with my insurer and nothing is guaranteed until full inspection but the chance of it being written off is quite high - as already mentioned above the cost of new OE plastic is quite scary :x
Thanks for the post mentioning using used parts to get it back to fair condition - my insurer mentioned the option of buy-back if written off - around 20% of settlement.
This is a high mileage low spec 996 so I won't be expecting a great offer but that means a buy-back would be around £2000. That makes for a cheap 911! (Trying to look for positives...).
I've got an image of the damage taken just after it happened but it's not the best and doesn't really show the difference in gap between wing and bonnet or the crack in The headlight but I'll try posting it here.
Again, thanks for the replies.
In general, a total loss (write-off) starts to look possible when repairs are around 50-60% of the Insurance company estimate of the car's value. If its insured for agreed value that figure will not be based on their estimate of the car's (market) value, but the agreed valuation.
I'm not sure about your buy-back calculation if its written off.
I understand it to mean that if you want to keep the write-off vehicle, they will make a deduction of 20% off their wtite off value that they will give you. So that means if they offer £12k as a write off and you elect to keep the scrapped car, they will only pay 80% of their offer = £9,600 and then you can meet your own repair costs (if thats what you want) or dispose of the vehicle yourself.
Maybe I didn't explain too well, sorry.
I haven't got an agreed value policy so will be open to whatever guide the other parties Insurance company care to use.
Realistically, the value due to mileage (155,000!!) will probably be around 8-10K. It's currently sitting on new suspension, top mounts, coffin arms etc and just had new discs, pads and brake lines all round. Probably another £5000 on top of that last year too but I'm not sure if that will have any bearing on the value in this situation.
When I spoke to my insurer he (strangely I thought) explained using the terms I used in my earlier post but the likelihood is would happen as you've explained it - an offer made then 20% subtracted if I keep the car.
Good news is that the at-fault drivers' insurer rang me to say they've accepted full liability and have offered a hire car - my own insurer already offered the hire car and it's just been delivered. My insurer also asked me to politely decline any offers from the other parties insurer.
Now, this is where things get tricky in regards to writing my car off...
This is all guesswork but just the parts that are obviously damaged and need repairing seem to total over £4000 using the link kindly posted above (thanks!). That's without brackets and stuff that will need sorting. Then there's paintwork. And, after looking at hire car paperwork they're estimating the term at 30-90 days at £87 a day. £2600 - £7800 in addition to the £4000+ and paint and fitting etc.Eek!!
Looking at those sort of numbers, I can guess what's going to happen :x
What's a catD (or whatever the new equivalent cat is these days), 155,000 mile 996.2 C2 going to be worth? Any guess would be welcome. Oh, it's a Tiptronic too is you need to knock 50% off the guess
Picture from last week after a quick wash and wax...