So, you're considering a repairable write-off car? It's not a simple yes or no kind of thing - it really depends on each car on a case-by-case basis. Here's what to think about: Was the damage not too bad? Were the repairs done well? Is the price fair? Remember though, you might hit snags getting a loan for it, selling it later could be a hassle and who knows what hidden issues might pop up later. Let's break down these points to see if it's the right move for you.
What is Repairable Write-Off:
A vehicle classified as a repairable write-off has sustained damage (due to accidents, natural events like storms or hail) where repair costs exceed its value. These are listed on the Written Off Vehicles Register (WOVR) following an insurance claim.
Are all damaged vehicles listed on the WOVR?:
Not all cars involved in an accident are listed on the WOVR. Cars not covered by insurance or with denied insurance claims may NOT appear on the WOVR, despite having significant past damage. Vehicles that are more than 15 years old, even if written off by an insurance company, will most likely not be register on the WOVR. These types of vehicles are able to be repaired and resold without any record of their accident history.
Doing your research:
A vehicle's history, especially if not listed on the WOVR, requires careful investigation. For instance, you can find many badly damaged vehicles on salvage auctions like Manheim and Pickles that are not on the WOVR, emphasising the need for detailed checks. The best place to do your research is the PPSR Check.
What's on the WOVR?:
Being on the WOVR provides a clear history of the vehicle, which is beneficial. However, not all write-offs involve severe accidents; some might be for less significant reasons. By checking the WOVR you can asses the severity of the damage. The damages could be listed as minor and the WOVR mark could mean you'll get a good deal.
Check the repair photos and invoice:
Scrutinising the documentation related to the vehicle's damage and subsequent repairs is crucial to assess the extent and quality of the work done.
What to look for when buying a WOVR car:
Particular attention should be paid to flood-damaged vehicles, as they may have long-term electronic issues. Terms indicating severe damage, like 'heavy structural' or 'heavy panel', in a PPSR report, are significant warning signs.
Can you finance a WOVR car?:
Financing a repairable write-off can be challenging, as mainstream lenders often avoid these vehicles. Selling a repairable write-off in the future can also pose difficulties, similar to the initial purchasing challenges.
So what should you do when buying a WOVR car?:
Purchasing a repairable write-off involves weighing potential savings against the risks of hidden damage, resale value, and financing difficulties. A well-informed decision, backed by comprehensive research, is essential for navigating this complex choice. The least you can do is a FREE rego check on a vehicle, this will provide you with some basic info about a car. But, in our opinion you should always perform a $2 PPSR check on a car you are buying no matter if it's from a private seller or a dealer. It's a cheap insurance for what could turn out to be a bigger problem.
Sebastian Szlasa is an automotive writer for motorfind.com.au, with an extensive background in the automotive and finance industry. Seb is based in Adelaide, Australia. Links: Trademate, Linkedin & Twitter/X.com.
