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-   -   Is this a write off? (https://www.revscene.net/forums/712024-write-off.html)

Badhobz 03-23-2017 03:37 PM

Is this a write off?
 
My buddy got rear ended yesterday. Do you guys think this car is a write off?

He just got it in sept 2016 and it only had like 7000kms on it :(

]https://s23.postimg.org/pi91s62vf/IM...22-_WA0004.jpg
https://s2.postimg.org/yelw4w8ih/IMG...22-_WA0005.jpg

Jgresch 03-23-2017 03:41 PM

Nah, just an Accord Hatch now

Badhobz 03-23-2017 03:43 PM

hahaha!!!

ijaz_97 03-23-2017 03:50 PM

Damn, the rear of that Accord got destroyed lol

Badhobz 03-23-2017 03:51 PM

ranger 1 accord 0

whitev70r 03-23-2017 04:01 PM

If I was owner, I certainly wouldn't want that fixed. I'd be hoping for a write off and pay out.

godwin 03-23-2017 04:15 PM

It looks bad but since the car is new (less deprecation) then it will take a much larger repair cost to write it off.

I think the damage is not that bad, the side panel at least on the passenger side looks straight so glass, trunk and crumple zone elements are the elements that needs to be replaced.

flagella 03-23-2017 04:49 PM

It looks really bad to me...

MrPhreak 03-23-2017 05:01 PM

Looks like a write off to me

asma123 03-23-2017 05:12 PM

Yes it'll be a write off

tegra7 03-23-2017 05:30 PM

It'll end up at a used Kingsway dealership in no time.

donjalapeno 03-23-2017 06:05 PM

Im guessing a $14000 dollar claim.

Frame is for sure bent.


Doubt it will be a write off.


If he needs a new one send me a pm :)

Peturbo 03-23-2017 06:16 PM

looks like a hybrid accord too. Big expensive batteries right behind the seats.

VR6GTI 03-23-2017 06:26 PM

A quick guesss would be no. Definitely needs to be stripped to determine though

Badhobz 03-23-2017 06:56 PM

So guys what happens if it's not a write off ? They'll fix it but will it be considered a rebuilt ? What about the diminished value of the car? Can he sue the other guy for ruining the value of the car now that it'll undergo a 10k+ repairs ?

Traum 03-23-2017 07:06 PM

If it is not written off, it will retain its "clean" status, although the accident record will remain with the car. The vehicle status only gets changed to rebuilt if ICBC decides to write it off, and it is subsequently purchased by someone and have the car repaired to put on the road again.

There is nothing your friend can do about the diminished value of the vehicle if it does get repaired by ICBC. He'd just have to suck it up and move on. On the other hand, if he is injured, then he can definitely hire a lawyer to sue.

Personally, I would not want to keep the car even if it gets replaced. Esp with that kind of trunk damage, it is very easy to get water leaks into the trunk, and that's a major PITA to deal with in the future.

tegra7 03-23-2017 07:07 PM

Quote:

Originally Posted by VR6GTI (Post 8831048)
A quick guesss would be no. Definitely needs to be stripped to determine though

Wont necessarily need to be stripped. A body shop will assess and price out what parts need to be replaced + labor time and give icbc a grand total of repair cost. At the end of it icbc determines whether they want to fix or write it off.

Nvasion 03-23-2017 07:15 PM

.

rps13 03-23-2017 07:34 PM

"With NVR+, if your vehicle is damaged to just over 50 per cent of its market value, it will be considered a writeoff and you’ll receive the full replacement value."

copy and paste from the ICBC website.

New Vehicle Replacement Plus coverage

The_AK 03-23-2017 08:07 PM

Looks like a future rebuilt at Kingsway auto to me

tomatogunk 03-23-2017 08:13 PM

Was this at the knight st bridge yesterday (March 22) around 6:30pm?

EDIT: Checked the dash cam footage. Seems to match the damage profile. there also seems to be a third car involved.


604STIG 03-23-2017 08:19 PM

Quote:

Originally Posted by Traum (Post 8831052)
.
There is nothing your friend can do about the diminished value of the vehicle if it does get repaired by ICBC. He'd just have to suck it up and move on. On the other hand, if he is injured, then he can definitely hire a lawyer to sue.

Not true, if the diminished value is large enough you can lawyer up (or try on your own) and get compensated for some. I had a co-worker who's Titan was in an accident and he ended up recovering some of the diminished value. There have been a few cases now where people have been successfully compensated.

Badhobz 03-23-2017 08:34 PM

Quote:

Originally Posted by tomatogunk (Post 8831061)
Was this at the knight st bridge yesterday (March 22) around 6:30pm?

EDIT: Checked the dash cam footage. Seems to match the damage profile. there also seems to be a third car involved.

https://youtu.be/9HoWWOE05AA

cool! yes this is it.

dark0821 03-23-2017 08:48 PM

holy shit... if this is not a write off....

tofu1413 03-23-2017 08:59 PM

write off for sure.


its more worthwhile for icbc to sell it as spares/ rebuild and pay out the guy instead of fixing it.

that looks like $20k+ for sure.


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