2021 M3P - Is it totalled?

[Onshore]

Quite apart from the parts cost there's the time it would take - all the while the liable party having to stump up for a hire car. It doesn't take long to hit the point at which writing it off makes economic sense for the one paying the bills.

This is the key thing.

Whether it's repairable is not the same as whether it's a write off. A write off is an economic decision.

The insurer needs to sum up the costs to repair the car, and guarantee the repairs, plus all of the incidental costs such as hire cars etc. Then work out what they can get for salvage value for the wreck.

Then work out whether it makes better economic sense to write it off and pay out the driver.

 

[danesuper6]

This is the key thing.

Whether it's repairable is not the same as whether it's a write off. A write off is an economic decision.

The insurer needs to sum up the costs to repair the car, and guarantee the repairs, plus all of the incidental costs such as hire cars etc. Then work out what they can get for salvage value for the wreck.

Then work out whether it makes better economic sense to write it off and pay out the driver.

To add to this, if the insurance company has a lot of repairs waiting on the books it might work out cheaper to write it off than repair it. This almost happened to mine and I only had multiple minor panel damage. That way they can get the other repairs done. Hopefully it works out for you.

 

[blurrybird]

Thank you everybody! Super interesting discussion points on all counts.

 

[evbee]

Many careless and incompetent drivers out there. Hope it all works out for you. And the car did not catch fire!

 

[Hairyman]

@blurrybird I‘d be grateful if you could report the final outcome from your insurer.

 

[blurrybird]

It has been written-off.

I’m not sure yet if it is a repairable write-off or statutory write-off, but I’ll keep an eye on the auctions and see when it shows up.

 

[paulp]

Sorry to hear, but a replacement is probably going to be a lot faster than repairs

 

[OzTzlaBloke]

Yes very sorry for this unfortunate set of circumstances mate. Just sucks buddy.

So now that the pleasantries are done hehe How much ya want for the tow hook? Is it an appropriately long enough sympathy and mourning time before we all haggle over the corpse Jokes. But I will buy the tow hook at ok price

 

[paulp]

Yes very sorry for this unfortunate set of circumstances mate. Just sucks buddy.

So now that the pleasantries are done hehe How much ya want for the tow hook? Is it an appropriately long enough sympathy and mourning time before we all haggle over the corpse Jokes. But I will buy the tow hook at ok price

I think the tow hook probably belongs to the insurance company now

 

[cafz]

I think the tow hook probably belongs to the insurance company now

And I'm sure they'd be happy for you to buy it from Pickles, if you buy the rest of the car with it.