I'm looking at purchasing a hail damage car classified as a repairable write off (hail damaged.)
Does anyone know the process for getting the car back to a roadworthy standard? What has to be done exactly? Does it just need a RWC or does it have to go to a vehicle inspection centre like a normal repairable write off?
Thank you
Ah bugger i was hoping to get away with it.
Thanks donga100.
Just curious: would you have paneled it yourself or a pro, or just driven it around like that with the cosmetic dints?
I'm imagine the insurance auctions would be another option, but competing against pros and dealers that would either repair or strip it for parts, especially engine and trans.
I'd do it myself, eventually. Probably drive it as is for a while.
After registering it in QLD, take it interstate and sell for some good $$$
Beat i mind a repairable write off is valued at 25% of market value - so don't pay more than that.
I'm thinking at least 25% off (obviously depending on the value of the car.)
Price of purchase + 10% Auction fees
Rego $800
Vehicle inspection - $450
Safety Cert - $50
Replacing windows - $300 - $1000
Hail Damage - $XXX
If you bought a 10k car for 5K, you'd be looking at roughly 7-7.5k Just to get it on the road without even fixing any hail damage.
It can become quite costly, i just hope it isn't going to be a waste of time going to the auction tomorrow with people thinking they are getting bargains without really doing the figures.
If I'm not mistaken, what juicedpizels is trying to say is:
repairable write-off is valued at 25% OF (not OFF!!) market value.
So a 10k carshould be purchased for 2.5k.
Also remember the resale will suffer significantly, even after it's fixed.
So with repairs and such, you might find it will end up costing 7.5k on the road, and that might be all that it is worth on the market too.
Ah got ya, makes sense.
yes OF value, so $2.5k for $10k insured car
Don't do it. Unless you're a pro or have a panel beater mate who doesn't value his time you aren't going to make any money and you'll be stuck with a crappy hail damaged and potentially water damaged (worse) car.
< Pro.
If windows are still intact most of the cars that got hail damaged didn't flood. There were about a dozen or so cars of I'd imagine 100s that got flooded proper. Like driven in to over knee deep water and stuck.
Could be more though.
It's an alright deal if you want to DIY. Could be a fun project for teaching kids some skills. ;-P
It needs the normal RWC plus a written-off vehicle inspection. Not too hard.
EDIT: Just checked the price, $435 for the inspection so keep that in mind when negotiating price.