| For some of us we may assume that once our | | | | time they were off the road, to protect future |
| car has been involved in an accident and our | | | | owners, some X category cars, do not and no |
| insurance company has decided it is beyond | | | | one would ever know they had at one time, been |
| economical repair and so pays out on the claim to | | | | part of an insurance claim. |
| replace the vehicle, that your old car would be | | | | These X category cars, are the best to buy if |
| transported to that old scrap yard in the sky, | | | | you can get a hold of one cheap, because they |
| never to be seen again. | | | | have the least amount of damage to them and in |
| Well for some cars, that is exactly what happens, | | | | some cases no damage at all. Often these cars |
| but there is a huge amount of vehicles, that are | | | | have been stolen and recovered after the |
| offered back out to the trade to be repaired and | | | | insurance claim was paid out. So if you are looking |
| put back on the road. So when is an "insurance | | | | for that insurance write off to buy and do up |
| write off", actually deemed as uneconomical to | | | | yourself, be aware that these cars are no always |
| repair? Surely if it was not economical to repair as | | | | cheap. |
| an insurance payout, why is it offered out to | | | | Unless you are in the trade, you are unlikely to be |
| trade at a later date, as if it is? | | | | able to buy a insurance write off car direct. It is |
| The answer lies within the margins to repair cars. | | | | most likely, that you will need to buy the car |
| In better words, if you are in the trade, already | | | | from a licensed breaker, who has bought the car |
| have the required equipment, have the knowledge | | | | first and then added his margin of profit. |
| and the tools, it is very possible to repair | | | | You will then need to ask yourself, why this |
| insurance write offs and make a profit. However, | | | | person in the trade has chosen not to put the car |
| if you are a private individual and take your | | | | on the road himself; after all he could make good |
| accident damaged car to a dealer, who expects | | | | profit from it. You should also consider the |
| to make a good profit from the insurance | | | | amount of time it will take to repair the car, and |
| company for the repair, then this is another | | | | how that vehicle will be deprecating in value |
| matter. | | | | throughout. It may hold a good profit now, but will |
| Most insurance companies' auction off their | | | | it in 6 months, if the only time you are working |
| insurance write offs, but not just to anyone, only | | | | on the car is spare weekends. |
| to the trade. In many cases, these cars are in | | | | The truth is, there are some people who make |
| fact dismantled and taken off the road, by the | | | | good money, fixing up insurance write offs, but |
| licensed breakers who buy them. But it is also | | | | most people do not make their money back, |
| true, that some vehicles are bought, repaired and | | | | when they consider the tools, parts, electricity |
| then sold on as a safe car. These cars remain on | | | | and incidentals they had not planned for. |
| the insurance write off register, to state at some | | | | |