Written-Off Cars Flood Used Car Market
HPI Reveals Number Of Written-Off Vehicles
HPI has claimed that the second-hand market is plagued by countless cars that have been writen-off. As such, this company – that for a small charge will research a car's history – has claimed that for every thirty-three it checked in 2012 one had been classified a total loss by its insurer. That equated to six-hundred and twenty-five per-day and two-hundred and twenty-three thousand per-annum. Now, let us be clear. It is not illegal to repair and sell certain written-off vehicles. The seller must, however, make it clear to the buyer that it has been repaired and – in some cases – that it has passed a VOSA Vehicle Identity Check. The latter minimises ringing, which is transferring a written-off car's identity onto a stolen vehicle. Furthermore, without this check the DVLA will not issue a V5C Registration Certificate or a V11 Vehicle Licence Reminder. However, buyer beware. The Vehicle Identity Check does not confirm that the vehicle is roadworthy and repaired to standard - so it is very important to check every nut and bolt.
HPI Expert Discusses Written-Off Vehicles
Daniel Burgess, HPI's Managing Director, said: “It’s all too easy to be taken in by shiny paintwork and a low price, but it could be hiding a multitude of faults that haven’t been fixed. Unscrupulous vendors will sell a write-off to make a quick profit but if the vehicle is not properly repaired any price is too high.”
Categories Of Vehicle Write-Off
HPI has revealed that there are four categories of insurance write-off. Category A cars tend to have scrap value only, i.e. the price of the metal - but some have a few components that can be salvaged for resale. Such vehicles might have been burnt beyond recognition via arson attacks or electrical faults. Clearly, these can never return to the road. Category B vehicles have less damage so they provide a wider range of parts – but once again they must never return to the highway as whole vehicles. Category C cars, in contrast, can be repaired to a roadworthy state but the work exceeds their pre-accident values. In simple terms, this might include cars worth (say) £1,000 that have lightly damaged fronts and need radiators, bumpers and wings that to purchase and install cost £1,200. Category D vehicles, in contrast, can be fixed for less than their pre-accident value. Either way, with countless cars for sale why risk choosing a write-off?