Well, you have to distinguish between total write-off and economic write-off.
I almost had that with my old car: the repair would have cost around 6000 Euros while the car was worth 6200 Euros and the residual value of the car (in Germany there are "stock exchanges" where companies can offer prices to buy a car based on a professional opinion) was 2500 Euros. I took the 2500 Euros from the company which bid the highest plus 3700 Euros from the insurance company plus some bits and bobs for the hassle to buy this car.
- If a repair is impossible (for example when you have a head-to-head crash and the whole front of the car is destroyed or the car burnt down) then it's a total write-off.
- If a repair would cost more than 130% of the current replacement value (= replacement value + 30%) then it's an economic write-off. For example if the replacement value is 1000 Euros then it's an economic write-off if the repair costs 1300 or more Euros. In that case repairing the car would cost more than finding a comparable car plus the expenses for the the claimant.
If the repair costs would have been higher than 8060 Euros then it would have been an economic write-off.
At least it has been 3 years which included the North Cape and some laps on the Nordschleife.You bought this one because someone crashed into your old one, now it has happend again and you're back at the same place. Damn.
I don't think so, I always buy two of the same type back-to-back after the first got crashed (first two Audi 80 B4, now two BMW 320i E46 touring).If this is a goner do you simply go for another 320i Touring?
True.I'm looking at it this way: There are way worse ways to get crashed into.
You mean a RAM?Someone told me you should buy a Dodge ...
It's complicated legal practice.What is the reasoning behind that 6 month rule? Why does the insurance company care if you sell it or not?
Yeah, especially the door, the rear bumper, the rim and the tire which should be easily salvageable (even the mount of the bumper is still intact) eat into the budget as they are new parts in that list, those alone are 1650 Euros including VAT and excluding painting. The body shop should be able to salvage those parts for much less than 1000 Euros (plus painting). I'll see tomorrow what they say about that.Judging from the small picture it should not be a problem to get that fixed for less than what they pay you... And leave some money in the pocket too