'THE' M3...

[Michael. 2313]

Das ist kuhscheiße!

[jake1829 119]

Big Fat sh*t Update.

Got a friend to ring insurance company as I can't atm.

And here's what they have to say:

The car is still at the towing yard. They aren't moving it unless it can be repaired. The Panelbeater is coming back with a quote at some point today.

The vehicle hasn't been listed on the Parts network because the Panelbeater hasn't come back with a 'yes it can be fixed, no it can't be' verdict.

Insurance from Lady behind me is useless - My insurance are only paying out to the amount I'm insured for, even if she did hit me. I'm the one who has to go on a man hunt to get insurance to pay out to me.

f**king blood is boiling, I think I'm hitting the boxing bag at gym tonight! Useless bastards.

That's pretty damm useless from your insurance company especially when you're not at fault - who was it again? - Swann?

[KwS 2425]

Keep these guys in mind if it all turns to crap. http://www.iombudsman.org.nz/

...

[jake1829 119]

Something doesn't add up here. It sounds to me as if she's denied liability (via her insurance company) and that your insurance company has accepted that position? Could be wrong but that would result in the situation you describe above. It may pay to ask your insurance company exactly that question.

Had a similar issue last year when another tenant in work carpark hit my rear bumper

At that time I was with AA insurance - I managed to find out who hit me/car via the CCTV footage and informed my insurance

When AA rang the company to accept liability - head office of the company denied liability and AA insurance informed me (but I was chasing them everyday)

I then threatened to have the driver charged under the land transport act - leaving a scene of a accident etc - they quickly got back to AA insurance and accepted liability

I also made sure that the panel beater I wanted to work on my car -Precision Autowerk was the one given the job even though AA wanted me to use other panel beaters, think I had more sway as I wasn't at fault

[MISS BM 712]

I'm the only stupid one in this situation. I insured my car well under its value and now it's cost me.

Repairs came to a total quote of 18k. Insurance will only pay to 15k. Car was insured for 20k (how bloody stupid of me)

They have said they will write it off... Unless anyone has bright ideas, please let me know, because this sh*t sucks to the point I'm more than pissed off.

[polley 916]

Buy it back off them, however that works? Then get your friend Ray to repair it?

[Ace Of Spades 51]

Buy a dirt cheep e30. Do an alice mk2 .... Would be legen.... Wait for it...... Dary! ....

Sent from my iPhone using Tapatalk

[westy 614]

I'm the only stupid one in this situation. I insured my car well under its value and now it's cost me.

Repairs came to a total quote of 18k. Insurance will only pay to 15k. Car was insured for 20k (how bloody stupid of me)

They have said they will write it off... Unless anyone has bright ideas, please let me know, because this sh*t sucks to the point I'm more than pissed off.

Have they valued it at $15? Is that what they're offering for a right off?

As to buy back, it looks like Swann have buy back option as an extra to the contract. What does your contract say? <again.

[MISS BM 712]

Have they valued it at $15? Is that what they're offering for a right off?

As to buy back, it looks like Swann have buy back option as an extra to the contract. What does your contract say? <>

Car is Valued at at least 22k.

I'm the idiot who insured it for less.

Yes I can buy it back.

But even then, still not enough funds to

a) put it back on the road

b.)buy another one

C) engine swap to something else:

So f**k the world. My time as an M3 is owner is gone for a long while.

Edited May 18, 2015 by MISS BM

[westy 614]

But you insured for $20k? Any excess to pay? What is the buy back number?

[Nobimmer 694]

That sucks I feel for ya.

Pretty crappy world we live in that you can write someone's car off and not take responsibility for it financially -through insurance or not.

Had some island woman (and I use that term very loosely as it was questionable) write off my brothers wrx when he was 17. Spent a year trying to get money out of her to which she replied she couldn't afford it as she had no job/money/insurance. In the end got a court order for $7 per week until the $ was paid off. I'm pretty sure he is still getting paid now.

I constantly think to myself when there is some prick in an estima/Previa/crv sitting right up my arse that if you crash into me, you are not going to be able to afford to pay for my car to be repaired, so I move over.

Who did you get to do the quote out of curiosity? Is it possible to get another quote for $3k cheaper?

[MISS BM 712]

That sucks I feel for ya.

Pretty crappy world we live in that you can write someone's car off and not take responsibility for it financially -through insurance or not.

Had some island woman (and I use that term very loosely as it was questionable) write off my brothers wrx when he was 17. Spent a year trying to get money out of her to which she replied she couldn't afford it as she had no job/money/insurance. In the end got a court order for $7 per week until the $ was paid off. I'm pretty sure he is still getting paid now.

I constantly think to myself when there is some prick in an estima/Previa/crv sitting right up my arse that if you crash into me, you are not going to be able to afford to pay for my car to be repaired, so I move over.

Who did you get to do the quote out of curiosity? Is it possible to get another quote for $3k cheaper?

Bit of a special quote - It will be a lot more if I go elsewhere.

I guess all I can do now, is tell the insurance company to repair it with their 15k.. and Ill try and make up the potential difference, or source parts myself to therefore make it cheaper - a lengthy process sure, but I'm trying all avenues to get that car back in my drive again.

It's just a matter of the insurance company dealing with it that way..

[Boowhup 26]

If they will only pay to 15k to repair it, is there an option to take the 15k, and repair it yourself? I think with some careful purchasing, and not rushing you could have it fixed for less than that. Remember the repairer is probably using new parts, and is trying to make some money.

[Apex 693]

A shame, there are plenty of M3's out there though, personally I would rather a non crashed car than one that has been repaired, from experience, they are never the same if you are fussy. I always push for it to be written off.

If it is written off and you chose to buy it back and repair it, keep in mind it will be de-registered and you will have to go through that process.

Good luck either way.

[MISS BM 712]

If written off it will parted out.

I'd love my M3 back. I've seen the level of work the guys I'm using have done and the cars come out straighter than factory.

Right now it's a matter of just working out how to tell them 'repair it' and I'll cover the owing bill, and work hand in hand to get the parts from external sources that aren't BMW NZ

[KwS 2425]

Surely Ray has some bits left over from that E46 that went for a plunge? hardest bit would be the chassis work i'd think, panels wouldnt be hard to get

[MISS BM 712]

Surely Ray has some bits left over from that E46 that went for a plunge? hardest bit would be the chassis work i'd think, panels wouldnt be hard to get

Chassis is pretty sweet. Front and rear rails are good. It's just that boot floor got a bit of a ding in it... But no creases etc, my front guards are mint. Nose is a bit uptight but hey that's just a new bonnet and headlights.. Radiator.. A new boot (which I needed colour matched anyway)

To be fair the car is pretty straight, par a few points and the price comes from the paint job.. Wanted a new paint job!

Optimism right? :/

[Apex 693]

If written off it will parted out.

I'd love my M3 back. I've seen the level of work the guys I'm using have done and the cars come out straighter than factory.

Right now it's a matter of just working out how to tell them 'repair it' and I'll cover the owing bill, and work hand in hand to get the parts from external sources that aren't BMW NZ

Unfortunately it doesn't work like that.

The best way torpor it the way you want is to have it written off and then buy it back and repair it yourself.

I have done this before and it worked out.

In your case.

Car value = $28,000

Repair cost through Insurance: $20,000

So written off you get $28,000

Buy back of "wreck" = $12,000

Actual repair cost through your contacts = $10,000

Take holiday in sun with balance and profit.

Or. Take $28,000 and buy another nice E46 M3.

[MISS BM 712]

 

 

Unfortunately it doesn't work like that.

 

The best way torpor it the way you want is to have it written off and then buy it back and repair it yourself. 

 

I have done this before and it worked out.

 

In your case.

 

Car value = $28,000

 

Repair cost through Insurance: $20,000

 

So written off you get $28,000

 

Buy back of "wreck" = $12,000

 

Actual repair cost through your contacts = $10,000

 

Take holiday in sun with balance and profit.

 

Or. Take $28,000 and buy another nice E46 M3.

I guess you failed to see my tantrum as to why that wouldn't work.

Car was under insured for 20k..

Now do the math and start pulling your hair out like I have

[qube 3570]

oh man.. why was it unsured for so little?

from my experience the insured value doesnt make a HUGE difference to the yearly premium, maybe just a few hundred dollars no?

[westy 614]

But you insured for $20k? Any excess to pay? What is the buy back number?

???

Have they offered 20k?

[MISS BM 712]

No they will offer much less. Take off excess which I'll only get back if her insurance pays and the years premium that isn't covered. Maybe walk away with 18.5k?

Valued at 25k by the dealer.

Kicking myself more times than ever.

Fix car. Reinsure for 30k. Sounds good?

[KwS 2425]

Chassis is pretty sweet. Front and rear rails are good. It's just that boot floor got a bit of a ding in it... But no creases etc, my front guards are mint. Nose is a bit uptight but hey that's just a new bonnet and headlights.. Radiator.. A new boot (which I needed colour matched anyway)

To be fair the car is pretty straight, par a few points and the price comes from the paint job.. Wanted a new paint job!

Optimism right? :/

Doesnt sound too bad from that

Did you have a panel beater of your choice look at it for you, or was the car inspected by someone specifically for the insurer? Ive seen what 15k worth of parts looks like to repair a crash job, and its a hell of a lot of parts

[Michael. 2313]

Loosing money in such a way is never ideal but unfortunately these things do happen.

Surely the car can be taken elsewhere for a cheaper quote.... ?

At the end of the day Amber, don't take life so seriously, it's not like you come out alive. There is always a solution!

[MD13 494]

Is this your first car accident? I've had a couple and it's kinda like going to the casino - the house (insurance company) always wins.

I'm not sure insuring for more would have helped you. Though I'm hoping this is wrong I've heard you can over insure, pay the premiums on that value then have the insurance company only pay out their 'book' valuation of your car. Basically the way to look at this is you are going to come out the end with something - if you weren't insured you'd have nothing.