GT R spec Stat Write off water damage only 250km

[Nikked]

Originally Posted by au3xr6

that's not correct this is from the NSW RMS website

there are also provisions for limited edition cars provided the damage does not fall into 3 or more of the categories for damage

Yes, this is what I posted earlier.


in NSW there is no Repairable write-offs, all are done as stat now.

Basically the rules are there to stop backyard dodgies, not people who are genuinely interested in keeping the car.

But, if i interpreted the rules correctly, if a car is written of in one state, it can't be re-registered in NSW...

[Smoke Pursuit]

Originally Posted by Nikked

Yes, this is what I posted earlier.


in NSW there is no Repairable write-offs, all are done as stat now.

Basically the rules are there to stop backyard dodgies, not people who are genuinely interested in keeping the car.

But, if i interpreted the rules correctly, if a car is written of in one state, it can't be re-registered in NSW...

The rest of the country will be moving this way eventually.

Will blow out the cost of insurance as insurers wont be able to get as much salvage on write offs. Good for anyone who owns a panel shop because insurance companies will be less incline to write cars of, will be cheaper just to repair them.

This car would have been purchased by a wrecker or a cut and shut surgeon no doubt.

[Pepscobra]

Originally Posted by DASH GT

Sold for $22,000 if anyones interested.

Lots of money for a car that can't be registered.

Awesomely cheap track car if you ask me!
Can have a hell of a lot of fun with it.

It's worth that alone in parts value anyways.

[Cheese3]

Do we know if it even runs ? $22,000 is hell of a lot if the car doesn't start , the motor and gearbox could be full of water . . .

[PridenJoy]

Edit: Cheese read my mind.

In addition if it's true they tried to start it, engine may have sustained damage in which case that $22k is way too much for a GT without an engine and with flood damage.

[tex]

22 grand?????

Damn, some people wanted it BAD.

Bargain that price does not make!

[Nikked]

Originally Posted by DASH GT

Good for anyone who owns a panel shop because insurance companies will be less incline to write cars of, will be cheaper just to repair them.

True, they are going within %5 percent of the cars value, as the market for scrap cars has dropped to its ****, but the insurance companies are also screwing the shops out of money by cutting back repair and dismantle times, and using a secondhand, aftermarket parts.


But i digress...

[ltd]

Pandora's box that car is.
The amount of damage possibly sustained to it is frightening, and unless the new owner knows what he/she is doing then they will end up making quite a loss.
I hope it came with a carton of CRC Electrical Contact Cleaner; at the very least a can or two of WD40.

[MrEL]

Already for sale on Gumtree.
http://www.gumtree.com.au/s-ad/smith...ies/1015799891

[nstg8a]

Nice mark up...

[last fairlane]

Thats a bit suss 22k to 40k overnight
going by the number looks like a business
wreckers maybe they are wrecking out a couple of cars
anyway good luck to them

[nstg8a]

Advertise it for 40, negotiate down to 30ish, still a good profit and the new buyer thinks they got a great deal.
Ad is very short on details.

[jamies]

Originally Posted by flappist

No if it is the one from here, and I am pretty sure it is, then it is muddy toxic flood water from the May River.

One point to consider for all those who are drooling over it. It is very rare item and it is at a public auction.

Any of you who have been to a few auctions will be quite aware of "the idiot" with more money than sense who takes not winning anything he bids on as a personal affront and will pay far more than an item is worth just so he owns it and you don't.

Do not be surprised if this auction is actually the "the idiot" annual general meeting.......

Flapper, well put mate.. these ''Idiots'' usually hunt in packs.......

[flappist]

Originally Posted by nstg8a

Advertise it for 40, negotiate down to 30ish, still a good profit and the new buyer thinks they got a great deal.
Ad is very short on details.

Or advertise it for 40, reduce it to 30 then 20 then 10 then pay $50 to get it dropped off at the dump.

It was nationally advertised by a major auction house who specialises in motor vehicles and is monitored by almost all people who have enough money to actually buy it as you will not get a car loan for it and sold for $22k which is FAR more than it is really worth which can be demonstrated that real buyers with real money who do this for a living let it go to some patsy for $22k.

It reminds me of all the fiscal gurus who bought BF Cobras and threw them back on Carsales at an inflated price.......

[Silver Ghia]

Originally Posted by flappist

Or advertise it for 40, reduce it to 30 then 20 then 10 then pay $50 to get it dropped off at the dump.

It was nationally advertised by a major auction house who specialises in motor vehicles and is monitored by almost all people who have enough money to actually buy it as you will not get a car loan for it and sold for $22k which is FAR more than it is really worth which can be demonstrated that real buyers with real money who do this for a living let it go to some patsy for $22k.

It reminds me of all the fiscal gurus who bought BF Cobras and threw them back on Carsales at an inflated price.......

The problem is that there there may well be some unsuspecting fool who buys the car for the 30 or 40k asked, excited on their find mainly because the ad is very light on damage details so common sense goes out the window. Then get stuck with it when they find that nothing works, and never will.

And if and when the car eventually gets parted out, the unsuspecting buyers of the parts are also none the wiser that their new transmission or rear axle is ruined internally, especially as time goes by and memory of the existence of this car fades. Maybe some mechanical parts will work for a short while, maybe not.

Perhaps the laws on disposal of such vehicles should be stricter, to protect the public.

[wadsymoo]

i was there today at manheim and the bidding was furious on the rspec.i had a look at it and couldnt see a mark inside or out but seriously 22k for a car that u cant even start...
some people are stupid. i mean the cost that are involved even to get running and reliable even as a track car........on top of the purchase price,duties and shipping.

[FPV414]

Originally Posted by flappist

Or advertise it for 40, reduce it to 30 then 20 then 10 then pay $50 to get it dropped off at the dump.

It was nationally advertised by a major auction house who specialises in motor vehicles and is monitored by almost all people who have enough money to actually buy it as you will not get a car loan for it and sold for $22k which is FAR more than it is really worth which can be demonstrated that real buyers with real money who do this for a living let it go to some patsy for $22k.

It reminds me of all the fiscal gurus who bought BF Cobras and threw them back on Carsales at an inflated price.......

I didn't really read your second para because it wasn't grammatically spectacular, but it sounds like you've written off a game that you know very little about.

I smelt through this thread in a few places that some were trying to throw other interested parties off by posting about hearsay on the car's condition. Anyone actually interested to that length would have called the auction house and made their own enquiries anyways.

Having had some experience, I would take the risk at $22k and have gotten it; physical inspection permitting just to make sure it wasn't hydro'd. Have heard some success stories on water damaged cars and a lot of electrics are common with base FG's.

Clearly some gronk has bought it to make quick coin though. The ad is very scarce on the most important details - such as whether it runs and what exactly is wrong with it. They make mention of it being able to be used as a track car, but then don't even state if it runs? More money than any kind of sense or education - but they won't sell it quickly like that.

Anyways, interesting thread in the pub for once!

[flappist]

Originally Posted by FPV414

I didn't really read your second para because it wasn't grammatically spectacular, but it sounds like you've written off a game that you know very little about.

I smelt through this thread in a few places that some were trying to throw other interested parties off by posting about hearsay on the car's condition. Anyone actually interested to that length would have called the auction house and made their own enquiries anyways.

Having had some experience, I would take the risk at $22k and have gotten it; physical inspection permitting just to make sure it wasn't hydro'd. Have heard some success stories on water damaged cars and a lot of electrics are common with base FG's.

Clearly some gronk has bought it to make quick coin though. The ad is very scarce on the most important details - such as whether it runs and what exactly is wrong with it. They make mention of it being able to be used as a track car, but then don't even state if it runs? More money than any kind of sense or education - but they won't sell it quickly like that.

Anyways, interesting thread in the pub for once!

Well I took a different route. I spoke to the people who recovered the car from the flood and then evaluated it. As in the FPV trained mechanics who may just have a bit of an idea what the real story was.

But woulda coulda shoulda, you can buy it right now on GumTree...

[FGII-XR6]

it was a licenced wrecker
this was retrieved from the number on Gumtree
HONTOYS AUTOS PTY LTD
86-90 Percival Rd Smithfield 2164
Wrecking all makes and models

[tweeked]

They probably plan to wreck it, but just chucked it up at 40 for a quick turnaround as a toe in the water.

[RedHotGT]

Originally Posted by flappist

Or advertise it for 40, reduce it to 30 then 20 then 10 then pay $50 to get it dropped off at the dump.

It was nationally advertised by a major auction house who specialises in motor vehicles and is monitored by almost all people who have enough money to actually buy it as you will not get a car loan for it and sold for $22k which is FAR more than it is really worth which can be demonstrated that real buyers with real money who do this for a living let it go to some patsy for $22k.

It reminds me of all the fiscal gurus who bought BF Cobras and threw them back on Carsales at an inflated price.......

What this buyer has done is from the book: How NOT to Flip cars for profit.

I do like your Cobra example.... That was funny...

[wadsymoo]

well the rspec is back up for auction again next week on the manheim website

[pottery beige]

linky not loading

[Silver Ghia]

Here's the link. Next Tuesday 9th. April.

[BHDOGS]

i just bid 50 dollars hope i win

[excopau]

Can never be registered

[Kingsley]

Originally Posted by Eaturbo

As the title says next week a GT R spec will go to auction with only water damage. Link http://www.manheim.com.au/damaged-ve...=SearchResults

I am under the understanding that this can be put back on the road as its a rare car. It needs special permission which includes proof its a limited edition and an inspection as per a repairable write off. Car must have been a demo. Someone buy it and save this car from the wreckers.

What a shame.....Was a nice looking car too.

[EDManual]

the wreckers must be taking a loss, and trying to get some cash back. Must have been much worse than they thought!

[PridenJoy]

Lol, what a tool.

[GTP534]

Wonder what number it was?