Written off Car - Salvage Value from Insurance Company?
Last edited 19/02/2018 - 12:22
UPDATE: had to go through ombudsman to get RACV to organise selling the car
Our car got rear-ended and the back door and suspension was badly damaged. We were not at fault and the other party had insurance with RACV so we ended up dealing with them ourselves (we have third party). The car is a year 2000 Prado with extremely low kms (150,000), and in great condition. The car ended up being written off and after a lot of arguing with RACV they gave a fair offer -$2k for the salvage fee. They want to leave the car with us and get us to sell the car for salvage. It seems pretty unlikely that the car is worth $2k for the salvage because car scrappers usually offer really low numbers. How much can you expect to salvage a car for? And is it reasonable to get RACV to sell it for us if they think it's worth $2k?