Car crash

Hintza

OP will also want to contact their insurer to ask how much the claim will impact on their future premiums.

OP have you got any photos? Some knocks look a lot worse than they actually are.

BertTheRaccoon

Diminution in value generally only succeeds on cars under 3 years old as a rule of thumb, unless the car is a specialist vehicle/ classic/ supercar etc etc

Prothet_of_Doom

ballyblack wrote: »

it will show up on HPI and will affect its value

You don't understand HPI then.

Only cars that have been declared uneconomic to repair will be issued with CAT C or CAT D (or if very unlucky Cat and will be flagged on a HPI check. Many cars will have had some professional repair at some point.

£2500 is not alot of damage these days.

A bumper can cost £1000 alone, a head light on a 350 Z nissan cost £1500, a damaged wheel, £300 to £1000

Hence why I'd be happy to buy a Cat C or CAT D, provided it was straight. :rotfl:

Minkus74

It's a big prang - about 1 ft dent in the front. Would post pix but not sure it's wise to post pic of reg on internet.

egyptiancotton

I'm able to help with this.

I was hit by a third-party in the rear of my car. It was repaired under the insurance (not written-off). I approached my solicitor and queried loss of resale value of the car. I explained that a prospective buyer may ask if the car has been in an accident. Obviously I will say it has but it wasn't written-off, instead it was repaired under the insurance. This may still put a buyer off buying the car or they may offer a lower price, knowing it has been in an accident.

Both the repairer and engineer said there is no loss of resale value as the car was professionally repaired. I approached several dealerships for part-exchange prices and none of the dealers were phased by the accident history, as the car was professionally repaired.

I was advised that loss of resale value normally applies to classic cars (which makes sense).

Hope this helps!

Minkus74

Thought some might be interested in what happened. The poster above was right. I took a second opinion from my gf's brother who manages a car dealership. He said there would be no loss of value. The firm provided me with a replacement car for 3 weeks and they repaired it - just got it back yesterday and seems fine.

Mind you the cost would then have been £2,500 plus the £1,000 or so it cost them to give me a hire car.

jackc12

Just to play devil's advocate - whilst the value to trade may be unaffected; surely there is a loss of private sale value, given some people will share the viewpoint expressed by some in this thread that it makes it less desirable to them/ gives them something to haggle you down with.

But glad it's worked out for you OP.

bodgerx

jackc12 wrote: »

Just to play devil's advocate - whilst the value to trade may be unaffected; surely there is a loss of private sale value, given some people will share the viewpoint expressed by some in this thread that it makes it less desirable to them/ gives them something to haggle you down with.

But glad it's worked out for you OP.

Just my personal experience, I've sold about 3 cars over the last 4 years privately (values between 3k and 8.5k) and only one out of the three asked about previous accidents.

I think most people buying privately make their own judgements based on a HPI check and a visual inspection.

Asking the buyer 'has it been in any accidents?' Is a slightly weak question if you are relying on this as your reassurance that there is no bad history.

I wouldn't lose sleep over this. If there was anything that was affecting the structural integrity of the car, this would have probably written it off based on the expense of sorting it out.

As I say, just my experience.

Stooby2

Minkus74 wrote:

My car - Honda Civic (£5k value) was parked in the street and someone dunched into it.

"Dunched"??

portly1

Minkus74 wrote: »

My car - Honda Civic (£5k value) was parked in the street and someone dunched into it.

They are at fault and their legal reps are handling the claim. They have assessed the damage at over £2,500 and have offered to repair.

I've not signed or agreed to anything yet - but I'm not happy. The damage is so great I was expecting them a write-off. Now I'm going to have a repaired car with an accident history on it.

This will affect the value of the resale. It seems grossly unfair that I'm the aggrieved party here and I'm going to be out of pocket.

Anyone got any advice?

Must have been the same driver that hit my beautiful Vauxhall Viva (1972). A witness knocked on my door to tell me what had happened noting the registration number of the car that hit it and drove off.

I traced the owner and saw her car which was also a wreck from hitting mine.

Anyhow, her insurer made a once and final offer of £450 (true market value was over £2000 because of it's condition and mileage) plus they allowed me to keep the car.
It cost me £25 to have it towed away and crushed as it was irreparable!