J3K
03-05-2010, 11:40 PM
Hi guys,
I'll just get straight to the point..
I've got a '98 Honda Civic EK repairable write-off (yes, hail damaged..) that is mechanically sound and has only done ~110,000km. I've never had any problems with it, but it's got more humps & bumps than Fergie.
My insurance company have offered me $7,000, ELSE I can choose to buy it back at it's salvage value of $2,800. But, if I want to put it back on the road I need to do/spend the following:
http://www.vicroads.vic.gov.au/Home/Registration/WhatHasToBeRegistered/HowToRegisterYourVehicle/WrittenOffVehicleRegistration.htm
- VIV Inspection fee $484
- RwC $80
Pending it passes both, I'll keep my Civic and pocket $4,200, then just pay for 3rd party insurance. My only concerns are:
- I've got a large dint on my front quarter panel that might need to be repaired, along with my site mirror that is still intact, but is slightly lose = $$$
- Will my car be sellable in n-years time? If so, will I be able to fetch more than $4,200? Otherwise, the other option seems more financially smart...
Like to hear your thoughts. Drop a post :)
I'll just get straight to the point..
I've got a '98 Honda Civic EK repairable write-off (yes, hail damaged..) that is mechanically sound and has only done ~110,000km. I've never had any problems with it, but it's got more humps & bumps than Fergie.
My insurance company have offered me $7,000, ELSE I can choose to buy it back at it's salvage value of $2,800. But, if I want to put it back on the road I need to do/spend the following:
http://www.vicroads.vic.gov.au/Home/Registration/WhatHasToBeRegistered/HowToRegisterYourVehicle/WrittenOffVehicleRegistration.htm
- VIV Inspection fee $484
- RwC $80
Pending it passes both, I'll keep my Civic and pocket $4,200, then just pay for 3rd party insurance. My only concerns are:
- I've got a large dint on my front quarter panel that might need to be repaired, along with my site mirror that is still intact, but is slightly lose = $$$
- Will my car be sellable in n-years time? If so, will I be able to fetch more than $4,200? Otherwise, the other option seems more financially smart...
Like to hear your thoughts. Drop a post :)