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to sell or fix

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  • 19-07-2007 12:06am
    #1
    patrickc
    Registered Users Posts: 7,893 ✭✭✭


    im a stupid ****er i know that, i stupidly crashed today and caused 3000 worth of damage to my car a volvo s40, anyhow the car was worth about 8.5
    k.. my insurance will pay for the damages , but am wondering is it worth taking the insurance cheque trying to sell my car on and buying another.. (the damage was to the rear, needs a new boot, back lining, possibly rear wing etc) or just to get i fixed and keep driving, from previous experiences has anyone made money by selling a damaged car and upgrading with the insurance money


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    #2
    ninty9er
    Registered Users Posts: 9,366 ✭✭✭ninty9er


    Whatever chance you have of making money on a crashed car is seriously diminished by the fact it's an S40, which aren't expensive s/h to begin with and that not many people want to buy the hassle of fixing a car.

    I say fix it and keep driving


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    #3
    patrickc
    Registered Users Posts: 7,893 ✭✭✭patrickc


    ninty9er wrote:
    Whatever chance you have of making money on a crashed car is seriously diminished by the fact it's an S40, which aren't expensive s/h to begin with and that not many people want to buy the hassle of fixing a car.

    I say fix it and keep driving

    the real benefit is its a diesel both from my point of view and a resale view, theres not half as many as petrols about


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    #4
    ninty9er
    Registered Users Posts: 9,366 ✭✭✭ninty9er


    that improves the chances. but I still doubt very much you could make any money. The insurance company will probably pay the bill directly to the repairer. Insurance is specifically designed so that it's nigh on impossible to make a profit. It's one of the 6 principles underlying the damn thing:mad: :mad: :mad: Still it doesn't stop the insurers themseves raking in the cash!!!


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    #5
    patrickc
    Registered Users Posts: 7,893 ✭✭✭patrickc


    ninty9er wrote:
    that improves the chances. but I still doubt very much you could make any money. The insurance company will probably pay the bill directly to the repairer. Insurance is specifically designed so that it's nigh on impossible to make a profit. It's one of the 6 principles underlying the damn thing:mad: :mad: :mad: Still it doesn't stop the insurers themseves raking in the cash!!!

    or the garages upping their prices to insurer's. its my preimium that'll be affected thats why id like to make the quick buck


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    #6
    Kinetic^
    Closed Accounts Posts: 13,249 ✭✭✭✭Kinetic^


    patrickc2006 wrote:
    its my preimium that'll be affected

    And everyone elses!!!!!


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    #7
    patrickc
    Registered Users Posts: 7,893 ✭✭✭patrickc


    Kenny 5 wrote:
    And everyone elses!!!!!

    for a 3/4k claim and no one else involved ull be ok kenny


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    #8
    cantdecide
    Registered Users Posts: 11,465 ✭✭✭✭cantdecide


    usually there are very big differences in repair costs. shop around cos a friends son was in the same position with a €6k bill. it was eventually fixed for something like €1200 with a little corner cutting. the first quote was because he was busy and didn't want the work...


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    #9
    ballooba
    Registered Users Posts: 6,315 ✭✭✭ballooba


    ninty9er wrote:
    The insurance company will probably pay the bill directly to the repairer.
    Not with Quinn they don't. Made out to owner.


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    #10
    patrickc
    Registered Users Posts: 7,893 ✭✭✭patrickc


    ballooba wrote:
    Not with Quinn they don't. Made out to owner.

    oh im with quinn.....


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    #11
    ballooba
    Registered Users Posts: 6,315 ✭✭✭ballooba


    patrickc2006 wrote:
    oh im with quinn.....
    A Quinn insured driver crashed into me. The cheque didn't clear on time for me to pay the crash repair centre. I paid them out of my own pocket and waited for the cheque to clear. I could have just as easily gone to a cheaper place or bought scrap parts and kept the balance.


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