9 replies to this topic

[lyndseyp27]

Hey,

 

How much does it knock off the valueo f a car if it has previously been a cat c?

 

I bought my car and was informed that it was a cat C (boot collision). This has been fixed and a vic test done etc.

 

Does this massively affect the value of a mini? Mine is a 1993 rover mini, 1275. Good condition (wiring and engine will be done this weekend) wioth not much rust, blue colour. Pretty much left as standard with the walnut dash and cream leather seats etc. 81000 miles. 11 months MOT, 5 months tax.  

 

Any ideas on value? Pic below (not the best pic i have).

 

Im not selling :) just curious considering the cat C damage.

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[adampat84]

I think the Cat ratings calculated on the cost of the damage to the car against its market value.

 

so if the market value of the car is say £50 and the damage to be fixed by a garage comes in at £40 this would be a Class D, if the damage cost is £55 pounds if repaired by a garage but can be repaired by an individual (not a garage) for less than the market value of £50 then this will be a CAT C the VIC test is to make sure the repairs are safe??

 

Somebody may correct me if i am wrong but that is the simple version from what i understand..

 

As for value i don't see why a VIC tested and passed car should be worth any less than a normal car if the repairs are to a high enough standard!

[lyndseyp27]

I think the Cat ratings calculated on the cost of the damage to the car against its market value.

 

so if the market value of the car is say £50 and the damage to be fixed by a garage comes in at £40 this would be a Class D, if the damage cost is £55 pounds if repaired by a garage but can be repaired by an individual (not a garage) for less than the market value of £50 then this will be a CAT C the VIC test is to make sure the repairs are safe??

 

Somebody may correct me if i am wrong but that is the simple version from what i understand..

 

As for value i don't see why a VIC tested and passed car should be worth any less than a normal car if the repairs are to a high enough standard!

 

 

So would you think i would have any trouble getting back what was paid for the car? (it was £1500). obviusly im doing the wiring loom, engine tuning etc but i just dont want to spend too much if i know its not worth what i originally paid for her!

 

Thanks :)

[Alex_B]

From what I have seen compared to the value of the same car without the write off marker you can expect to get 

up to 25% less for a cat D 

up to 50% for cat C

provided you dont mind it having the marker and its been repaired correctly (VIC checks only check identity to avoid people just putting the reg on another car) then you can get a good deal when buying them :) 

[HARBER07]

Its a mini, you never get back what you spend on it! haha. 

[lyndseyp27]

thank you :)

 

 

haha i dont mind not getting back the cost of any upgrades, hopefully the car will still kinda hold its value (especially with the upgrades) if it's looked after well :) fingers crossed!!

[Tomf]

Are you selling the interior?

[lyndseyp27]

Hey Tom,

 

Sorry, not selling, was just curious :)

[chub]

Hi,

 

in line with what Adam has already said, it is based partially on cost and partialy on the extent of the damage as to determining a CAT of loss.

 

From an insurance perspective a CAT C is worth approx 80% of the market value of an undamaged/unrepaired car of the same spec, age, condition etc.

 

From a private sales perspective, its worth whatever someone is willing to pay! People will normally sell cars for a little less based on a CAT C marker. But with the assurance that the back end is now solid, maybe new paintwork it could be apealing. depending on the quality of the work of course.

 

Classic cars dont suffer as much as modern cars - If the back end of a mini was rotten, you repaired it and sold a car as  'recently restored' it would have had similar work done to it!!

 

Really theres no sure way of saying!! just be honest if you ever sell, and bare in mind that some people may be put off no matter how good the car actually is!

[adampat84]

Its a mini, you never get back what you spend on it! haha. 

 

lol, good point.. so in this respect you all good!!