Repairable or write off? Any clue?

**simonchau** · 24-03-2012 05:28 PM

Hi guys, I just got into an accident earlier this morning, which wasn't at my fault and wondering what's your guys think in regards to it

**ChaosMaster** · 24-03-2012 05:31 PM

Depending on the age of your car (if it's rated at 15k or less), most likely write off. Having said that, if that's all the damage done to it, you could purchase it back off your insurer at a percentage of the price and fix it up yourself (usually around 70% I think it was). Although seeing it's a lux model, most likely will be repaired though.

**EK4VTEK** · 24-03-2012 05:38 PM

Write off, start looking for a new car.

**Fredoops** · 24-03-2012 05:45 PM

Yep, its gone

start looking.

PS: if you are parting wreck... Dibs on the K24...

**ChaosMaster** · 24-03-2012 05:47 PM

Lolz, DIBS on the RIMS. You might actually make money if you decide to part out.

**Fredoops** · 24-03-2012 05:48 PM

Originally Posted by ChaosMaster

Lolz, DIBS on the RIMS. You might actually make money if you decide to part out.

lol....

ps you comin to the meetup next saturday?

**simonchau** · 24-03-2012 05:54 PM

Omgs, had this for less than a year. Sighs.. Hoping I get back at least 20k

**antony** · 24-03-2012 06:09 PM

It will more than likely be a REPAIRABLE WRITE OFF.

**Fredoops** · 24-03-2012 06:11 PM

Originally Posted by antony

It will more than likely be a REPAIRABLE WRITE OFF.

no such thing in NSW anymore

Total loss is total loss

**simonchau** · 24-03-2012 06:16 PM

Omgs, would you guys know how market value is calculated?

**Emnesty** · 24-03-2012 06:28 PM

Market value will be based on

Figures / statics from Redbook,

Regular sales, repairs, insurance values, klms, age and history of driver and no claim bonus etc.

This is common for a payout figure to be calculated due to theft, loss, write off accidents.