Sell My Written Off Vehicle
It’s always a stressful time when your insurance company lets you know that your vehicle is being written off after an incident, especially if you feel there may be a chance you could get it back on the road after a bit of work. Let us answer any questions you may have around insurance write-offs, and if there’s something that we haven’t covered, get in touch and one of the team will be happy to help.
What Is a Write-Off?
Put simply, the term ‘written off’ or ‘write-off’ means that a vehicle has either sustained so much damage it’s deemed not fit for the road or the damage it’s sustained is going to cost more money to repair than the vehicle is actually worth.
How Does a Car or Van Become a Write Off?
Selling a car can be a trying process at the best of times, but selling a car that has recently failed it’s MOT test or has no MOT? That can be even harder. Especially as the majority of people who seek to purchase a car, are typically looking to buy a vehicle that they can drive home that same day, and without an MOT that isn’t possible.
What Happens if My Vehicle is Written Off?
Whenever a vehicle is written off it is put into one of four different categories – A, B, S or N – depending on the severity of the damage. If the vehicle falls into category A or B then it will never see the road again – except on the back of a truck to a scrap or salvage yard. If the insurance company decides it is in Category S or N, however, you are faced with a few more decisions, including the ability to buy it back and either repairing it and carrying on as you were, or deciding to scrap the car yourself at a better price than offered by your insurer.
The categories are defined as follows:
Category A – Scrap
Any vehicle given a Category A rating must be scrapped and no parts are allowed to be reused for salvage.
Category B – Break
A Category B vehicle must be scrapped, but some of the parts may be taken off it and used elsewhere.
Category S – Structural
If a vehicle is written off as Category S, it will be due to damage to the structural frame or chassis. Category S is for vans where the owner or insurer has decided not to repair, but they can be used as salvage.
Category N – Non-Structural
A Category N van has no structural damage and is repairable, but the owner or insurer has decided not to repair it.
Can I Keep My Vehicle if the Insurance Company Writes It Off?
You can choose to buy back your car from your insurer, but you will need to let them know of your intention to do this as soon as possible. You will be able to keep the car after an agreed settlement figure is paid to the insurers.
If your car or van has been written-off into Category A or B then you have no choice but to scrap the car, but you can repair Category S or N write-offs back to the point of being back on the road, although you must re-register a Cat S car with the DVLA, and you must also inform them that a Cat N car has been written-off.
Can Written Off Cars Be Resold?
If your car was written off as either Category S or N, then you will be able to sell the car. When advertising or speaking to potential buyers you should be honest about your car’s write-off history. If the car has been written off as either Category A or B then to sell would be illegal and they must be crushed.
Can a Write Off Affect Your Car Finance?
When a car is determined a write off, you will most likely receive a settlement price from your insurance company, depending on how your car was damaged. This price is how much they are prepared to pay you for the car.
If the amount they offer you is the same amount as you borrowed on finance to pay for the car, then you can simply pay off your finance plan with the money you receive. However, sometimes the amount offered isn’t quite enough to cover the finance borrowed, putting you in a shortfall situation.
For example, say you bought a car for £4,000 on finance and have already paid back £1,000 of that finance plan. When your car is written off, the insurance company offers you £2,000 as payment for the car, meaning that you still need to find £1,000 to pay your finance company after giving them the £2,000.
Additionally, until the car is officially written off, you will need to continue to make your monthly finance payments on the payment plan. If you don’t continue to make these payments, as per your contract, you could seriously damage your credit score, meaning that you may find it more of a struggle to get finance in the future.
How Much is My Vehicle Worth?
A vehicle’s worth is constantly changing, which means that the value of any given vehicle fluctuates and is never fixed for very long. If you are selling your van for scrap, the main factors which will affect the price given are:
- Vehicle’s overall weight
- Valuable parts – engines, catalytic converters, alloy wheels.
How Do I Scrap a Category A or B Write-Off?
The easiest way, and the only way to guarantee you’ll get the very best deal for your car, is to scrap through Scrap Car Comparison. With our dedicated and experienced team, and a network of trusted buyers in all four corners of the country, Scrap Car Comparison guarantees not only the best price, but the best service no matter where in the UK you call home.
How Do You Sell a Category S or N Car or Van?
Selling a written-off vehicle, providing it is either Category S or N, is no more difficult than it is to scrap a Category A or B write-off. Simply provide all of the details of the vehicle to one of Scrap Car Comparison’s knowledgeable and friendly advisors, and they will be able to secure you the best price available from our nationwide network of buyers. Remember, the more details you provide at the first step, the more accurate your initial quote will be.