Do Not Sell My Personal Information Jump to content


my little door squidge and total depreciation figure


Recommended Posts

Gentlemen

 

HOWZAT  for minimal depreciation

you may remember i reported an errant whack on my offside rear door some 3 months back

well, the car's going in a couple of weeks time to have the dent pushed out ( no paint damage I'm told ) and will be left with two slight door creases where the metal has stretched a little

Saga my insurers are ok with this subject to a fresh MOT, and the current insurance will continue with no premium adjustment. I have been driving the car quite ok all this time thankfully

NOW, the agreed write-down ( off ? ) value is £1595 with the 225k miles and it will be as a " N " marked for future insurance purposes

I get £815 cheque from my insurers, being £1595 less my excess of £350 less 27% re-purchase cost to me of £ 430

she cost me £1400   8 yrs 5 mths ago and at 123k miles            ( so £585  depreciation down to zero value )

and apart from the usual maintenance costs etc over the last 100k miles and the fantastic wonderful motoring of that 100k miles ...................... 

I have suffered an amazing amount of catastrophic depreciation of ............................. 19 pence per day ................. to fully write-down her value to zero in my books

HOWZAT  ......  and I'm still happily driving one of the best cars on this planet :yahoo:

Malc

  • Like 4
  • Thanks 1
Link to comment
Share on other sites


1 hour ago, Malc said:

Gentlemen

 

HOWZAT  for minimal depreciation

you may remember i reported an errant whack on my offside rear door some 3 months back

well, the car's going in a couple of weeks time to have the dent pushed out ( no paint damage I'm told ) and will be left with two slight door creases where the metal has stretched a little

Saga my insurers are ok with this subject to a fresh MOT, and the current insurance will continue with no premium adjustment. I have been driving the car quite ok all this time thankfully

NOW, the agreed write-down ( off ? ) value is £1595 with the 225k miles and it will be as a " N " marked for future insurance purposes

I get £815 cheque from my insurers, being £1595 less my excess of £350 less 27% re-purchase cost to me of £ 430

she cost me £1400   8 yrs 5 mths ago and at 123k miles            ( so £585  depreciation down to zero value )

and apart from the usual maintenance costs etc over the last 100k miles and the fantastic wonderful motoring of that 100k miles ...................... 

I have suffered an amazing amount of catastrophic depreciation of ............................. 19 pence per day ................. to fully write-down her value to zero in my books

HOWZAT  ......  and I'm still happily driving one of the best cars on this planet :yahoo:

Malc

Good on you old buddy.

Most of have known for some time that E=MC2, it has just taken you a little longer to find out!

Seriously, good news indeed.

Link to comment
Share on other sites

Brilliant value these cars. I paid £3000 for my 2000 nearly 5 years ago and after both my offside doors were damaged in our accident at the end of September the 3rd party insurer offered me £2050 as it's also a cat N write off but non structural. I paid £300 to keep the car so that was £1750 in the bank, bought 2 excellent doors from Paul Frost for £200, one of which is the matching Canterbury blue, the other silver. So, all I have to do now is have the silver one painted. Because I bought the 2005 model for £2995 after the accident I'll be selling the 2000 on and I reckon I'll be pretty close to my original purchase price which also means it's paid for the newer car!

Sent from my EML-L29 using Tapatalk

  • Like 3
Link to comment
Share on other sites


Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

 Share



×
×
  • Create New...