3 Days to decide
  • Register
  • Help
Results 1 to 21 of 21
Like Tree3Likes
  • 1 Post By schlitzaugen
  • 1 Post By Andrew Ch
  • 1 Post By David Cavanagh

Thread: 3 Days to decide

  1. #1
    Fellow Frogger!
    Join Date
    Oct 2004
    Location
    monbulk
    Posts
    645

    Default 3 Days to decide

    My son's Peugeot 306 was T-boned in the B pillar by a Holden Captiva. He, fortunately is OK. The 306 is a write-off. (1995 XT 1.8 litre - 200,000km auto)
    The insurance company of the at fault driver has made an insulting offer for the wreck. We have to buy a replacement vehicle for him. He is a uni student with only a part time income, so it's the parents (again) having to stump up the purchase of the next car.
    I've put an advertisement in the parts section of AF for the wheels and tyres. No nibbles yet.

    I want to get some more cash from the wreck to fund the replacement car.
    Plates are off and will be cashed in on Monday, with approval from their insurance company.

    Any suggestions from those who have gone through this type of apparently no win situation?

    Car will be taken by Wednesday, so they say.

    Thanks,

    David

    Advertisement

  2. #2
    Administrator
    mistareno's Avatar
    Join Date
    Nov 2002
    Location
    Melbourne
    Posts
    4,926

    Default

    Redbook price is between $1,200 - $2,800 dependent on k's and assuming there was no unrepaired damage to the car.

    Is that in the ball park of their offer?

    If not, I'd contact the financial services ombudsman and see what avenues are available to you.

    You can contact FOS:
    By phone 1300 780 808 (local call cost from a landline)
    By email [email protected]
    In writing Financial Ombudsman Service
    GPO Box 3
    Melbourne VIC 3001
    By visiting www.fos.org.au
    By fax (03) 9613 6399

    or VCAT

  3. #3
    1000+ Posts schlitzaugen's Avatar
    Join Date
    Nov 2010
    Location
    loneliness capital of the world
    Posts
    8,867

    Default

    If the other driver is at fault you can take them to court and get them to pay pretty much whatever you want (within reason) they get the wreck for that money, so if you didn't sell anything yet and want to pursue this avenue, keep the wreck intact.

    I would ask for the price of a similar car I would find in the ads no matter if it's higher than any book.
    Exfrogger likes this.
    ACHTUNG ALLES LOOKENPEEPERS

    Das computermachine is nicht fur gefingerpoken und mittengrabben. Ist easy schnappen der springenwerk, blowenfusen und poppencorken mit spitssparken. Ist nicht fur gewerken bei das dummkopfen. Das rubbernecken sightseeren keepen hands in das pockets-relaxen und watch das blinkenlights.

  4. #4
    Administrator
    mistareno's Avatar
    Join Date
    Nov 2002
    Location
    Melbourne
    Posts
    4,926

    Default

    Quote Originally Posted by schlitzaugen View Post
    If the other driver is at fault you can take them to court and get them to pay pretty much whatever you want (within reason) they get the wreck for that money, so if you didn't sell anything yet and want to pursue this avenue, keep the wreck intact.

    I would ask for the price of a similar car I would find in the ads no matter if it's higher than any book.
    Just FI

    Quote Originally Posted by The Law Handbook
    When a car is so badly damaged that it will cost more to repair than the car was worth before the collision, the car is considered to be a write-off. Since you must minimise your damages you cannot claim more than the car was worth in the first place. Evidence must then be obtained of what the market value of that car was at the time of the collision. You cannot claim the replacement value, which may well be higher. Your claim will be for the pre-accident market value less the value of the wreck (often called “salvage”).

  5. #5
    Veni Vidi Posti 68 404's Avatar
    Join Date
    Oct 2005
    Location
    Rome
    Posts
    2,660

    Default

    The 306 was insured, wasn't it? Let the insurance companies battle it out.

    Dave
    2008 Renault Laguna 2.0 dCi break
    ​1997 BMW K1200RS

    IR655
    (George Bush Snr): "I'll never apologize for the United States of America. Ever, I don't care what the facts are."


  6. #6
    Contented Peugeot Driver addo's Avatar
    Join Date
    Jun 2005
    Location
    Don't remind me!
    Posts
    16,609

    Default

    Insurers will always try the cheapest route available to them.

    What's been offered is a fairly standard proposal. You are not obligated to accept it. A civil claim shouldn't be necessary but is an option; be sure to keep it reasonable and be prepared to back it up.

    Be prepared for two infuriating aspects of seeing such a situation through. Firstly there is no reliable chain of communication with the third party's insurer - be sure to note the time, name and job description of everyone you speak to as you will have to send them back to talk to their own colleagues more than once. Secondly, expect borderline illegal behaviour including misstatement of your rights and presumptions of your consent. I would keep the car parked in, inside my own property, or it may be collected "by mistake".

  7. #7
    1000+ Posts robmac's Avatar
    Join Date
    Nov 2004
    Location
    Melbourne / Caulfield
    Posts
    19,051

    Default

    Quote Originally Posted by David M View Post
    My son's Peugeot 306 was T-boned in the B pillar by a Holden Captiva. He, fortunately is OK. The 306 is a write-off. (1995 XT 1.8 litre - 200,000km auto)
    The insurance company of the at fault driver has made an insulting offer for the wreck. We have to buy a replacement vehicle for him. He is a uni student with only a part time income, so it's the parents (again) having to stump up the purchase of the next car.
    I've put an advertisement in the parts section of AF for the wheels and tyres. No nibbles yet.

    I want to get some more cash from the wreck to fund the replacement car.
    Plates are off and will be cashed in on Monday, with approval from their insurance company.

    Any suggestions from those who have gone through this type of apparently no win situation?

    Car will be taken by Wednesday, so they say.

    Thanks,

    David
    How much money is at stake here?

    You need to put a figure on what the stuffing around and heartache is worth is worth to you in terms of frustration and emotional energy. If we are talking about a few hundred dollars the easiest way may to roll-over and have a speedy pay out.

    It's worth some time on the phone but going legal will delay the settlement and require a lot of input and hassle on your part.
    The insurer will have a "legal dept" who specialise in procrastinating and nit picking claims. Any legal advice you will likely pay for.

    I't may be worth getting a independent valuation of the vehicle pre-accident and a salvage valuation just to check out the insurer and haggle with that if their offer is too low. Even then I can see $500 out the window getting valuations.

  8. #8
    Fellow Frogger! flipperman's Avatar
    Join Date
    Oct 2012
    Location
    Melbourne, Victoria, Australia.
    Posts
    413

    Default

    Quote the redbook price for your cars condition and you won't accept anything else. Kindly inform them you are the innocent party and now need to waste time thanks to their client in finding a replacement car, or they can go ahead and find the replacement for you.

    Put it in writing.
    CitroŽn's that own me

    - 2008 C5 X7 Tourer (Estate) 2.7 DoubleTurbo Diesel UHZJ - V6.

    CitroŽn's that formally owned me

    - 1990 BX TRI Estate Manual. .. . "Phoenix" - "Donated to Science"
    - 1990 BX TRI Estate Auto. (Traded In)
    - 1987 BX TRI Hatch.

    -------------------------------------------------------------
    Australian Citroen BX - All about the Citroen BX in Oz
    -------------------------------------------------------------

  9. #9
    Contented Peugeot Driver addo's Avatar
    Join Date
    Jun 2005
    Location
    Don't remind me!
    Posts
    16,609

    Default

    Last time I made a third party claim, the insurer read me a script and asked for my acceptance of those conditions. Standard practice. I presume such a proposal and acceptance has been made here - it happens quite subtly, which is deliberate.

    So far as "reasonable" variations upward to a book value are concerned, I suggest the following be considered at 50% of either receipted parts value if DIY'ed or 50% of total receipt value when garage-done) if they have been undertaken in the six months prior to your loss. Claiming only 50% shows you as a reasonable person offering to share this cost with the insurer.

    Major services (too often, an older car is sold needing cambelt or similar major service within the first year of ownership).
    Major repairs to recognised failure items (eg, heater core or rear beam)
    Consumables (tyres)
    Glass including glazing trim

    I'm not a big believer in placing high dollar value on non-working time; plenty of people watch TV or use the internet for recreation without expecting the provider of these services (which may be arguably detrimental to health or intelligence!) will compensate them. If one takes unpaid time off work to accompany a tilt tray to a wrecker for a valuation "as sighted" then it's a different matter.
    Last edited by addo; 19th October 2014 at 11:18 AM.

  10. #10
    Fellow Frogger! julian b's Avatar
    Join Date
    Aug 2011
    Location
    hawthorn melbourne
    Posts
    482

    Default

    Go through your own insurance and if the other driver is at fault you don't have to pay anything and they will pay a fair price to you and recover it from the other company.

  11. #11
    Fellow Frogger!
    Join Date
    Oct 2004
    Location
    monbulk
    Posts
    645

    Default

    Well the insurance company has offered$3000
    Less $250 for the wreck
    And we get to return the plates with 6 months rego.
    Fair enough in the scheme of things.
    A replacement vehicle will be about $4-5,000, say 2002 or later for the peace of mind of airbags etc.
    I'm looking for ways to minimise my out of pocket expense, hence the idea of selling off bits, maybe.

    David

  12. #12
    Too many posts! JohnW's Avatar
    Join Date
    Jul 2001
    Location
    Perth, WA, Australia
    Posts
    10,763

    Default

    Quote Originally Posted by David M View Post
    Well the insurance company has offered$3000
    Less $250 for the wreck
    And we get to return the plates with 6 months rego.
    Fair enough in the scheme of things.
    A replacement vehicle will be about $4-5,000, say 2002 or later for the peace of mind of airbags etc.
    I'm looking for ways to minimise my out of pocket expense, hence the idea of selling off bits, maybe.

    David
    I think that is a pretty reasonable offer. I'd take it and avoid further grief and delay. You can get the odd good 306 for that sort of money. Our 306 was traded in for $2,000 (then bought back by our daughter as it happened) recently, and I thought $2000 was fair. Good luck. Best of all, no head injury from the sideways smack!
    JohnW

    Renault 4CV 1951
    Renault R8 1965
    Renault Scenic 2005 (wife's)
    Renault Scenic 2007 (mine)
    Renault Scenic 2006 (daughter's)
    CitroŽn CX Pallas 1980

    National Co-ordinator, Renault 4CV Register of Australia

  13. #13
    Fellow Frogger! DanielBendigo's Avatar
    Join Date
    Mar 2012
    Location
    Bendigo
    Posts
    655

    Default

    $3,000 seems pretty reasonable for a 19 year old car. I suspect if you wanted to (and had the time) to take the time to look for a replacement, you should be able to find a better one than you had for that.

    I know it's a different kettle of fish (and almost 3 years ago), but I paid $1800 for a 2003 Clio, and all up it cost me $3500 to get on the road with 12 months rego, 4 brand new and some other minor things for roadworthy.

    On the plus side, if you're looking at adding some money in, your should end up with a safer car for your son. On the downside, you've got to waste an absolute crap load of time going through the hassle of finding a new car because someone didn't stop.

    If you're after another 306, there's a pretty nice one at a dealer down Geelong way, with dual airbags and 104km, but it is $4500.

  14. #14
    1000+ Posts Andrew Ch's Avatar
    Join Date
    Nov 2010
    Location
    Melbourne Australia
    Posts
    1,382

    Default

    + 1 for accepting this offer as someone who's bought and sold a few 306s. Especially from an insurance company and in my opinion let them keep the wreck as you'll struggle to get any decent return from flogging parts.
    neural revolt likes this.

  15. #15
    Fellow Frogger!
    Join Date
    Oct 2004
    Location
    monbulk
    Posts
    645

    Default

    Than you all for your thoughts.
    The forum is great for dealing with this sort of thing. I haven't had to deal with an insurance issue for more than a decade. Having a plethora of advice makes it easier
    To those of you who have been concerned for my son. Thank you. He escaped with nothing more than fright. I'm sitting in front of the TV watching the ABC programme Mothers And Sons which is dealing with adult disabled men. I can't express how grateful I am that my boy survived intact.*
    I agree that the Insurance Company offer is quite fair. To be honest it is more than I thought. I think that I will just roll over and take what's on offer as advised.
    I'm also of the mind to do a tally of the repair bills/tyres etc. thank you Addo.

    The battery is quite new so I may think of a solar panel to run about 20 LED lights outside as we are a bit rural here.

    *A suite of airbags will be major thought regarding the replacement car.

    Your thoughts are invited about an automatic Laguna, Scenic or other vehicle. His cricket bag is huge, so I don't think a 306 will do the trick any more.


    Thank you all.


    David

  16. #16
    Fellow Frogger
    Join Date
    Jan 2004
    Location
    Sydney
    Posts
    9,693

    Default

    What it will cost you to buy another car is not necessarily the issue. However, there are various outfits run by lawyers who specialise in this area. This is in NSW, but have a look at this website as a start:
    Right to Drive
    Look for a local alternative and you may be able to use even the suggestion you will use one as a bargaining point with the at-fault party's insurer. The insurance companies hate these people because they know they can be liable for more than they let on and this sort of outfit will load up the claim with a variety of additional items. I've seen one or two of their statements of claim and they leave out very little. The typical claim is not just for the car repairs, but rental car costs, interest and on and on.

  17. #17
    VIP Sponsor David Cavanagh's Avatar
    Join Date
    Feb 2001
    Location
    Romsey, Victoria, Australia
    Posts
    4,822

    Default

    I don't understand the problem. All they have to do is give you enough money to buy that car again if it were on the market. If you choose to buy something newer that's your choice.

    To us in the trade a 306 that age with that kms is worth nothing so any offer with 4 digets is a bonus. I'm really surprised they offered that much.
    con likes this.
    David Cavanagh

    FRENCH CONNECTION / PEUGEO WRECKING / RENOSPARES / CITROWRECK

    03 9338 8191 or 03 93354008

    34 KING St
    AIRPORT WEST
    VIC 3042


    [email protected]

    https://www.facebook.com/FrenchConect

  18. #18
    Fellow Frogger!
    Join Date
    Oct 2004
    Location
    monbulk
    Posts
    645

    Default

    Quote Originally Posted by David Cavanagh View Post
    I don't understand the problem. All they have to do is give you enough money to buy that car again if it were on the market. If you choose to buy something newer that's your choice.

    To us in the trade a 306 that age with that kms is worth nothing so any offer with 4 digets is a bonus. I'm really surprised they offered that much.
    One day a person has a set of wheels to give them independence to drive at their freedom. The next day they don't.

    To Dave and Con

    You are quite right about the premise that money will fix the problem (not the car)

    But as Dave says, if $1000 is generous, then could someone point me to a roadworthy automatic 306 auto with 7 months registration for that figure? The rego remaining is more than $300.

    In the last 15 months* the car had been set up with a replacement head plus timing belt and new tyres to see the car through to the end of 2015. The head itself was $200, which is about the wreck price for the car. For a car worth "nothing" somebody will re-sell the head and the other bits and make some money from it, I'm sure.

    * thanks Addo, I found some receipts but I considered they were a bit old to make a claim.

  19. #19
    Banned
    Join Date
    Nov 2004
    Location
    sydney, australia
    Posts
    11,301

    Default

    just having a quick snoop on Carsales in view of the above posts, it seems that similar cars are in the 2750-3250 price range asking price (which i take it as-read is usually a bit higher than where the sale actually occurs in the end).
    so they seem to be pretty much on the money.

  20. #20
    Real cars have hydraulics DoubleChevron's Avatar
    Join Date
    May 2000
    Location
    Ballarat,Vic,Aust.
    Posts
    16,375

    Default

    Quote Originally Posted by alexander View Post
    just having a quick snoop on Carsales in view of the above posts, it seems that similar cars are in the 2750-3250 price range asking price (which i take it as-read is usually a bit higher than where the sale actually occurs in the end).
    so they seem to be pretty much on the money.
    The issue is that isn't in your name.... You pay say $3500 for the car, $1500 to get it roadworthy, $150 for a rwc, then get bent over by Vicroads and it costs almost $1000 to get it first registered ...............................

    The actual purchase price is only a small part of the costs comparatively with a cheaper car.

    I'm still amazed the insurance company didn't offer him $500 bucks

    seeya
    Shane L.
    'Cit' homepage:
    Citroen Workshop
    Proper cars--
    '85 Series II CX2500 GTi Turbo I
    '63 ID19 http://www.aussiefrogs.com/forum/citro%EBn-forum/90325-best-project-car-you-have-ever-seen.html
    '72 DS21 ie 5spd pallas (last looked at ... about 15years ago)
    '78 GS1220 pallas
    '92 Range Rover Classic ... 5spd manual.

    Yay ... No Slugomatics


    Modern Junk:
    '07 Poogoe 407 HDi 6spd manual

  21. #21
    VIP Sponsor David Cavanagh's Avatar
    Join Date
    Feb 2001
    Location
    Romsey, Victoria, Australia
    Posts
    4,822

    Default

    There use to be a ruling that any old car that's registered and presumed roadworthy has a minimum value of $1500 regardless of condition. Don't know what it is now, could be 2k and they start assessing condition from that. Dave your lucky it hadn't turned 20 years old because it would fall into that category.

    You could spend thousands on a new engine and it wont ad 1c to the resale, we see it everyday. We always get but I've just done this or just fitted new tyres and I give the same answer. Well take them off and sell them on ebay, to us the car is worth X.
    David Cavanagh

    FRENCH CONNECTION / PEUGEO WRECKING / RENOSPARES / CITROWRECK

    03 9338 8191 or 03 93354008

    34 KING St
    AIRPORT WEST
    VIC 3042


    [email protected]

    https://www.facebook.com/FrenchConect

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •