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Read the WELCOME ALL BMWFANATICS post.
Car crash
- Thread starter Olorin
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zaleonardz
Well-known member
Depends on the insurance.
Some give you the differance between trade and retail,
Phone up any BMW garage, ask to speak to a sales rep, tell him briefly your story, and ask for trade and retail, they will give it to you...
Some give you the differance between trade and retail,
Phone up any BMW garage, ask to speak to a sales rep, tell him briefly your story, and ask for trade and retail, they will give it to you...
I spoke to Rian from SMG and he told me that the market value is a combination of trade and retail. According to him, the retail is R133000 (with a car that has a millage of 140k) He says that I should get out R140000 considering my car only has 88k on the clock. So that's food for thought.
My insurance company tells me that my car (market value) is now R122k. It was R126k earlier on so it apparently changed within a few hours. And also, they calculate over an average millage (140k for a 2005 model). So irrespective of my actual millage, it wouldn't make a difference. Now THAT sucks. If my car had 50000, it would still be worth the same.
Really hoping the car doesn't get written off. Besides the front bumper, a few dents and the sensor on the front (and broken windshield), the car was in extremely good shape. No crumpled zones, all intact, the only damage done was at the front (even then, no crumpled zones, but the front bumper was a little dislodged after the accident). Now the two air bags went off and as I understand it, the dash would need to be replaced. So it's a question whether they go from OEM parts or not. Not sure how it works.
Really hoping the car doesn't get written off. Besides the front bumper, a few dents and the sensor on the front (and broken windshield), the car was in extremely good shape. No crumpled zones, all intact, the only damage done was at the front (even then, no crumpled zones, but the front bumper was a little dislodged after the accident). Now the two air bags went off and as I understand it, the dash would need to be replaced. So it's a question whether they go from OEM parts or not. Not sure how it works.
Sabretooth tiger
///Member
As said before by others, you allready had depreciation as it goes with cars. So even if it is written off you would still be in the same value/monetary position if you had to sell it or had it written off.
Keep in mind if they dont write off your value is going to nose dive further due to the accident being placed under comments on the car's history on MP.
Just my 2c.
Keep in mind if they dont write off your value is going to nose dive further due to the accident being placed under comments on the car's history on MP.
Just my 2c.
zaleonardz
Well-known member
You do not need to take what the insurance says as gospal.....
And tiger is right, soon as the car has had minor repairs, its worth R2.50..... sold for full price, but trade is R2.50....
And tiger is right, soon as the car has had minor repairs, its worth R2.50..... sold for full price, but trade is R2.50....
How much do you reckon my cars value will be after the accident ? Doesn't it depend what the damage was ? If it's just air bags, front bumper and windscreen....that isn't serious. It's not a code 3...or whatever they call it. 
Another thing is that if I don't write the car off the chances are I'll keep it for a very long time. I know people always talk about resale value this....resale value that. But I'll just want to live my life.
Another thing is that if I don't write the car off the chances are I'll keep it for a very long time. I know people always talk about resale value this....resale value that. But I'll just want to live my life.
BMW M
///Member
Vaughan,
Sorry to read about your accident, glad you are ok thou. Do you have pics of the car? Make sure that the car goes to a BMW approved Panel Shop. And if they repair it, make 100% sure that YOU are happy with the repair, because you have to live with it. And do not sign anything which states that you are happy, if you are not 100% happy. Also make sure that the new airbags serial numbers are recorded on the MP, have heard to many stories about people replacing dashboards and not replacing airbags.
First go and drive the car for a day or two to give yourself peace of mind before signing any final invoices etc. Then let your insurance claim from the guy who caused the accident's insurance, including your excess.
Hope everything works out for the better buddy! Keep us posted. :thumbsup:
Sorry to read about your accident, glad you are ok thou. Do you have pics of the car? Make sure that the car goes to a BMW approved Panel Shop. And if they repair it, make 100% sure that YOU are happy with the repair, because you have to live with it. And do not sign anything which states that you are happy, if you are not 100% happy. Also make sure that the new airbags serial numbers are recorded on the MP, have heard to many stories about people replacing dashboards and not replacing airbags.
First go and drive the car for a day or two to give yourself peace of mind before signing any final invoices etc. Then let your insurance claim from the guy who caused the accident's insurance, including your excess.
Hope everything works out for the better buddy! Keep us posted. :thumbsup:
zaleonardz
Well-known member
The problem is the second that the dealers pick up there has been spraywork on a late model car, they price drops down significantly, like 30 to 60k depending how drunk the guy doing the trade is.
These fsckers know that they have you by the short and curlies, and will do anything possible to pay you as little as possible but make you pay as much as possible for a new vehicle.
Usually you can get away with saying that the bumper and bonnet was painted due to stone chips (like they always do) but the second that they see airbags are involved, they dont want it as the car is "damaged goods"
Now the bad part is, that you have motor plan, so it has to be fixed by BMW SA, and it will have comments on the motorplan, no way out of it.
Does your car have any extra's, such as Xenon's or "non standard equipment", because all of this adds to the price.
The car will not be declared a code 3 unless they scrap it now, only then will it be.
Keep us updated bud.
These fsckers know that they have you by the short and curlies, and will do anything possible to pay you as little as possible but make you pay as much as possible for a new vehicle.
Usually you can get away with saying that the bumper and bonnet was painted due to stone chips (like they always do) but the second that they see airbags are involved, they dont want it as the car is "damaged goods"
Now the bad part is, that you have motor plan, so it has to be fixed by BMW SA, and it will have comments on the motorplan, no way out of it.
Does your car have any extra's, such as Xenon's or "non standard equipment", because all of this adds to the price.
The car will not be declared a code 3 unless they scrap it now, only then will it be.
Keep us updated bud.
Okay, let me set a few things straight. Got great news ! The guy assessing the damage gave me a call and told me what the costs are involved and what parts needed to be replaced. First things first, the cost of these parts are nowhere CLOSE to what some claimed. The air bags cost R10k per bag x 2. The dash needed to be replaced. That cost R9k. The windshield and front bumper needed to be replaced. That's R17k. The engine was fine, no changes or modifications done to it. No crumple zones.
So the cost for everything including labor was just over R50k. These are BMW OEM parts. So those are the facts. My car will not be written off. And the bonus ? My cars value will not go down because of this. The guy doing the assessment said that the damage done will not be part of the history because there were no crumple zones and the engine was not repaired or modified (or changed). However he said that the air bags deployed incorrectly. Based on the amount of damage shown, they should NOT have been deployed. My entire car was intact, the front bumper was slightly dislodged, but no crumple zones.
According to him in order for both bags to have deployed the speed I was traveling would have needed to have been FAR higher and the front of the car would most likely have been completely destroyed. That's how serious it is when air bags go off, yet the front of my car showed no deformities whatsoever, just a few dents in the paint work, so that's something that BMW themselves will have to figure out.
Man guys, I'm so over the moon. Just so happy that everything is going to be okay. I was worried that things might turn sour but for once, things went my way. I get to drive my BMW again and I thought I might not. I wish I could have avoided the accident entirely (have to wait 2 weeks to get my car), but this is the best news I could have hoped for.
The guy said that the car would not be declared a 'code 3'. No engine modifications. Just air bags, dash, windscreen and front bumper.
My car has the Xenons and the rear parking sensors (automatic rain sensors), climate control....etc, it's the version with all the extras.
I'm not sure, all I know is what the guy told me and I trust him. I was told that air bags would cost R30k each, others told me the dash would cost 10x would it actually costs. So far, the pricing is no where close to what I assumed it was going to be. I have to assume that the rest is also true. He said that the car wasn't badly damaged because it wasn't, the air bags deployed but that was mainly it. The front bumper and wind screen. Like I said, not entirely sure how it works but I trust this guy.
Got great news ! The guy assessing the damage gave me a call and told me what the costs are involved and what parts needed to be replaced. First things first, the cost of these parts are nowhere CLOSE to what some claimed. The air bags cost R10k per bag x 2. The dash needed to be replaced. That cost R9k. The windshield and front bumper needed to be replaced. That's R17k. The engine was fine, no changes or modifications done to it. No crumple zones. So the cost for everything including labor was just over R50k. These are BMW OEM parts. So those are the facts. My car will not be written off. And the bonus ? My cars value will not go down because of this. The guy doing the assessment said that the damage done will not be part of the history because there were no crumple zones and the engine was not repaired or modified (or changed). However he said that the air bags deployed incorrectly. Based on the amount of damage shown, they should NOT have been deployed. My entire car was intact, the front bumper was slightly dislodged, but no crumple zones.
According to him in order for both bags to have deployed the speed I was traveling would have needed to have been FAR higher and the front of the car would most likely have been completely destroyed. That's how serious it is when air bags go off, yet the front of my car showed no deformities whatsoever, just a few dents in the paint work, so that's something that BMW themselves will have to figure out.
Man guys, I'm so over the moon. Just so happy that everything is going to be okay. I was worried that things might turn sour but for once, things went my way. I get to drive my BMW again and I thought I might not. I wish I could have avoided the accident entirely (have to wait 2 weeks to get my car), but this is the best news I could have hoped for.
The guy said that the car would not be declared a 'code 3'. No engine modifications. Just air bags, dash, windscreen and front bumper.
My car has the Xenons and the rear parking sensors (automatic rain sensors), climate control....etc, it's the version with all the extras.
I'm not sure, all I know is what the guy told me and I trust him. I was told that air bags would cost R30k each, others told me the dash would cost 10x would it actually costs. So far, the pricing is no where close to what I assumed it was going to be. I have to assume that the rest is also true. He said that the car wasn't badly damaged because it wasn't, the air bags deployed but that was mainly it. The front bumper and wind screen. Like I said, not entirely sure how it works but I trust this guy.
zaleonardz
Well-known member
I am seriously over the moon for you bud.....
Glad you got it sorted... Name of the panelbeater out of interest....
Good luck, and keep us updated...
Glad you got it sorted... Name of the panelbeater out of interest....
Good luck, and keep us updated...
Thanks man ! You know, if my car was written off I would have been forced to drive a cheap Toyota Corolla (been there, done that 2003 140i ). I told the guy handling my case that my car is under motor plan and he said that he would take it to a BMW authorized repair center. Somewhere in Parow I believe. It's funny, the guy who towed my car away said that each air bag costs in excess of R30k. I was also surprised at the cost of the dash. But I'm not really concerned about pricing. Have to take a slight knock due to the excess, but I'll live.
Anyways, thanks for your support. I'll hopefully get my car back in 2 weeks. I'll take a bunch of pics...to show you that it's still original.
Anyways, thanks for your support. I'll hopefully get my car back in 2 weeks. I'll take a bunch of pics...to show you that it's still original.
zaleonardz
Well-known member
I did not want to comment in too much detail on it as I dont know specifics, but I know SAMBRA and the RMI has taken the OEM's to task on just this specific topic with much heated debate.
Consider for example in your case, should the airbags have been 30k each, and call it 25k for the dash, thats 80k just for that, add in the other bits, and easily you would have reached 100 to 150k repair bill.
The panel beaters are crying as at this cost, they loose the repair, and they are fighting more and more for business. So much so that airbag theft has been huge. Guys would steal cars, strip out the airbags, and leave the cars abandoned....
Again, glad you got it sorted. :thumbsup:
Consider for example in your case, should the airbags have been 30k each, and call it 25k for the dash, thats 80k just for that, add in the other bits, and easily you would have reached 100 to 150k repair bill.
The panel beaters are crying as at this cost, they loose the repair, and they are fighting more and more for business. So much so that airbag theft has been huge. Guys would steal cars, strip out the airbags, and leave the cars abandoned....
Again, glad you got it sorted. :thumbsup:
it really does seem bmw are going from a 300% to a 200% mark up
hope you get your car back soon
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