Category Damaged Cars?

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Category Damaged Cars?

fiat_fandango

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Jan 14, 2008
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Hi,

I am looking to buy a car, but found out it was a damage repairable, but has be repaired and tested etc. It has been rated the lowest category.

Am I correct in thinking that the insurance has already paid out on the vehicle and therefore if I was to buy it and prang it, I would receive little or no money at all?

Regards,
fiat_fandango
 
if the vehicle is repaired and passes a VIC check then its insurance value is very similar to a car that had not been damaged, usually approx 10% less. the fact this vehicle has had a previous payout makes no difference, its insurance value is the market valve, once repaired and back on the road its value will be a lot more than it is now, so your insurance value will increase in the same way.
 
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