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damaged p1 - worth buying?

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Old 09 February 2006, 12:30 PM
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LUCKO
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Question damaged p1 - worth buying?

2001 with 39,000 miles on it and car is mint (pre-accident)

needs n/s rear quarter, passenger door and front wing

will be cat d though

vehicle drives 100%

approx £6000 ive been told
Old 09 February 2006, 12:51 PM
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stilover
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Suppose if you get it checked out independently, and it checks out fine, then at that price, it would be a good deal.

However, I don't think I could ever buy a damaged car. It might be fine but there would always be a doubt in my mind.

Have you got any pics??
Old 09 February 2006, 12:57 PM
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LUCKO
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Originally Posted by stilover
Suppose if you get it checked out independently, and it checks out fine, then at that price, it would be a good deal.

However, I don't think I could ever buy a damaged car. It might be fine but there would always be a doubt in my mind.

Have you got any pics??
the car is currently at a repair centre my best mate works at and he says easy repair, could text you a picture
Old 09 February 2006, 01:07 PM
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Managed to dent my scoob not too long ago. Drivers side quarter and front crossmembers. £360 for a new quarter and £240 for the crossmembers, both from RCMS. £1500+vat quote for labour and spraying. So parts wise you be looking at £360 (qp), £150 complete door (fleabay, one on right now), £50 (wing). All + labour. So maybe £3k to fix, plus the £6k for the car means you need to sell it for no less than £9k not to make a loss. Even though it will be a cat d i should think that you would be able to sell it for around that price with low milage and current market values. If you intend on keeping it you will have had the joy of owning one of the best scoobs going.
Old 09 February 2006, 01:13 PM
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my best mate works at repair centre so no heavy labour costs, that's why it is appealing to me
Old 09 February 2006, 01:14 PM
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Are you going to keep it or sell it?
Old 09 February 2006, 01:17 PM
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Originally Posted by doug2507
Are you going to keep it or sell it?
would probably keep it as it is a well looked after example and sell my v3 type r
Old 09 February 2006, 01:28 PM
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I'd say go for it mate. You'd be saving quite a bit on buying one elsewhere and if its for your use and your happy to drive it knowing the full extent of the previous damage, it sounds like a good deal. Just remember when the time to sell it comes, you'll be getting a good couple of grand less for it than the market value.

Thats what i had to decide on mine. (ver.6 type r v.ltd). Could have bought a replacement with the offer from the insurance company but if i repair if i'll end up with quite a healthy bank balance which will compensate for the loss in value. Plus its been retired as a road car and getting prepped for competition.

I'd get an independant specialist to look at it and quotes for labout and parts. The chassis might be twisted which will mean its a total write off and there might be hidden damage. Even if it costs you just 8k to get it on the road, you could get an undamaged one for only 2k more with the market the way it is......

Last edited by doug2507; 09 February 2006 at 02:18 PM.
Old 09 February 2006, 01:39 PM
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EddScott
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Originally Posted by doug2507
I'd say go for it mate. You'd be saving quite a bit on buying one elsewhere and if its for your use and your happy to drive it knowing the full extent of the previous damage, it sounds like a good deal. Just remember when the time to sell it comes, you'll be getting a good couple of grand less for it than the market value.

Thats what i had to decide on mine. (ver.6 type r v.ltd). Could have bought a replacement with the offer from the insurance company but if i repair if i'll end up with quite a healthy bank balance which will compensate for the loss in value. Plus its been retired as a road car and getting prepped for competition.
Sorry to go off-topic but how does that work? Did you buy the car back from the insurers with the write-off money?
Old 09 February 2006, 01:57 PM
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Paul3446
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There's another thread a bit further down entitled "P1 engine gone pop - help!" with comments about several P1 engines doing this around the 45,000 mile mark.

Might be worth a read.
Old 09 February 2006, 02:14 PM
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Originally Posted by EddScott
Sorry to go off-topic but how does that work? Did you buy the car back from the insurers with the write-off money?
pm sent
Old 09 February 2006, 02:16 PM
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cheers for the advice doug2507 i'll get it checked over thoroughly
Old 09 February 2006, 02:20 PM
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Better safe than sorry. Feel free to pm me again and let me know what happens....
Old 09 February 2006, 03:25 PM
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stevebt
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i would say its worth it, as if you buy it and repair it your still thousands under what a 2001 straight P1 would cost. so come resale time you can offer really cheap and not care
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