Car damage can happen to anyone in NSW, that’s why it’s important to understand when a car becomes a write-off, repair costs, and the role of insurance. In this comprehensive guide, we’ll explain these concepts and help you decide whether you should sell your write off car or repair it.
A statutory write-off is a vehicle that has extensive damage to its roof, floor, body, serious mechanical failure or other types damage. This damage means that the vehicles are more expensive to fix than to buy a new thus deemed as write-offs by an insurance company. In NSW once a car is written off it is illegal to re-register it except under limited circumstances. This means that repairable-write offs are not legal in NSW,
Key considerations include spare parts’ availability and cost, the vehicle’s age, and safety concerns related to structural damage. The severity of the damage is also a factor. If repair costs range from approximately 50% to 70% of the vehicle’s total value, it will most likely be categorized as a statutory write-off.
Some of the most common causes that we see in our car wrecking business are:
Accept The Car Insurance Payout
If your car insurance declares your car written off it will generally keep the car and give you a pay out based on your policy. The car will then be sold off at auction or to a cash for cars dealer.
Sell your car to a cash for cars company
Without car insurance coverage, the best choice is to sell your written-off car to a wrecker such as Cash For Car Buyer in NSW. You can have the car towed for free and receive additional cash based on its condition. While selling individual parts privately is an option, this tends to be a time-consuming process, making the straightforward transaction with a wrecker a more convenient solution.
Keeping Up Regular Maintenance and Inspections
Routine maintenance and regular inspections can help identify and address issues before they become severe, reducing the risk of accidents and significant mechanical issues appearing.
Practising Safe Driving Habits
Practicing safe driving habits such as obeying traffic rules, avoiding distractions, and maintaining a safe following distance can significantly reduce the likelihood of accidents leading to write-offs.
Regardless of your old car or vehicle’s condition, we’re committed to purchasing all vehicles for cash. Whether it’s a car, 4×4, truck, or van, we serve as your NSW, Sydney cash for damaged car solution. Our team specializes in recycling and salvaging as much of the car as possible, ensuring we receive the maximum value and offer the best quotes.
Call us on: 0487 000 600 or fill our our online form today!
