It would be a good idea if there were 3 types of writeoff :
Statutory writeoff - so badly damaged that it cannot be repaired and reregistered.
Repairable writeoff - mechanical/structural damage that can be safely repaired
Financial writeoff - miscellaneous damage that is not financially viable for the insurer to repair.
So under the new rules the first category would remain as is and won't affect anything.
The second category should see a reduction of the number of cars being written off by the insures since (as stated on here already) they won't bring as much money in the auction when they are only good for parts. (This may mean an increase in insurance premiums though.) So this means less new cars being bought to replace the damaged ones (better for the environment). It should also eliminate those dodgy unlicensed backyard repairers that buy wrecks and do a quick-fix to make a quick buck (yes I am looking at you orangeLJ - haha just kidding I'm sure you do a great job of your repairs - wish I had time, tools and space to do the same)
Also as stated already it should mean that damaged donor cars for our projects should be cheaper to buy at auction![]()
The financial writeoffs under this new rule is a joke. There should be an exclusion for these, otherwise it will also push insurance premiums up and mean we may be junking a perfectly good car - which is bad for the environment.
there are or where last i worked in the industry
stat write offs= never to be fixed screw driver through the id plates
repairable write off=can be fixed id plates untouched
i think they had economic write offs too but these may have merged into repaiarable when the write off registery came into effect