PCP - Crash & Repair

Ady87

Someone crashed in to me about a month ago and we’ve been going through their insurer, Axa, to sort my car out.

The finance settlement figure was £10,970, and the repair bill £7,250. Axa have today opted to repair the car and work has already started.

My concern is the value of the car post repair. I was in a net neutral position regarding equity pre-crash where I could have handed it over to a garage who would settle the finance for me with their valuation matching the outstanding finance. Axa are saying the value of the car won’t change post-repair but how on earth could this be true? Surely if I took this to a garage now they’d be offering me significantly less? Is this just tough luck to me as the victim in this?

Let’s say I wanted to invoke VT, how does this work when the cars been in an accident and repaired? I was expecting a write off as the repair was 65% of the value of the car and it sounds like I’d have been better off that way.

Mercdriver

All depends on the quality of the repair. If not done to t he correct quality, then you take it up with 3rd party's insurer as they are the garage/body shop's customer.

Ady87

Mercdriver wrote: »

All depends on the quality of the repair. If not done to t he correct quality, then you take it up with 3rd party's insurer as they are the garage/body shop's customer.

I’ve got every confidence it will be done to a good standard, they’re using a reputable garage and it’s all approved parts and processes. But that doesn’t mean anything to a buyer when it’s declared as having structural damage repaired and they could get a same spec/model car with no crash history for the same price, thus driving depreciation within my vehicle. Unless I’m missing something.

motorguy

Ady87 wrote: »

I’ve got every confidence it will be done to a good standard, they’re using a reputable garage and it’s all approved parts and processes. But that doesn’t mean anything to a buyer when it’s declared as having structural damage repaired and they could get a same spec/model car with no crash history for the same price, thus driving depreciation within my vehicle. Unless I’m missing something.

How would the garage you are trading it in to ever know?

foxy-stoat

If its repaired then it wont be categorised - its only when the vehicle has been written off does it effect the resale value.

You just need to get it inspected before signing the satisfaction paperwork if you are that worried about issues when you hand it back - but if its an insurance company approved repairer then you should have some protection.

Mercdriver

As Foxy-Stoat says above, you are under no obligation to say anything to the dealer unless it is a repaired write-off, which this doesn't seem to be unless anything is found during repair. If it's a decent garage as you say, then I doubt the dealer will notice. Why give him an excuse to knock you down on price if you don't need to?