If the insurance company has written it off that means that they have calculated that the price they can get for it as is plus the cost of repair is more than the car is worth.
The insurance Companies in my past experience dont work with any complicated mathermatics Peter.
Normally if the Engineer calculates that the repair could exceed 1/3
of the VALUE THEY PAY OUT they write it off, the Salvage contractor normally pays 5% of what the cars standard value was before incident, in most cases the salvage Company makes a profit, but they are obliged to take burn outs too and pay 5% which is a clear loss.
I confess i dont know plus 4 prices but my guess is when straight its worth circa £22-25k
Asking £19750 is way O.T.T
i recon it owes him no more than a couple of Gee's
However more recently Insurance Companies are relinquishing their relationships the Salvage dealers and are setting up closed Auction sites where Salvage dealers have to bid for stock similar to regular trade Auctions.
