The Irish Mitsubishi FTO Owners Club

Hi All

My brothers car was stolen over a month ago, and insurance paid out early this week.
I wont name the make and model but suffice to say it is a high end performance car, of which there are less than 10 in the country according to the one dealer in the country.

Just this morning the car has been recovered by the Gardai – it has some minor damage to the interior but nothing major by all accounts. My brother will be going to see if any personal belongings can be retrieved, but as the insurance has been paid out obvoiously it is not his car anymore.

Bearing in mind the current market conditions and the rarity of the car, do you think it would be appropriate for my brother to make an offer to buy it back? If so, what percentage of the claim paid out should he offer? Let’s assume there is no material damage.
How cheeky should he be!!??

No lose situation I guess.

Thanks
Colm

I'd assume he won't be the only bidder on the car. Was his payout more than the car was worth before the incident?

Actually the payout was reasonable in the circumstances, probably a fair market value price.
He really loves the car and would happily bid what he was paid, less the cost of the repair of course, but being an opportunist....

I guess the normal course of action for the Insurers is to put it up for auction?

depends, sometimes they take bids on it within the trade, sometimes they advertise it as stolen + recovered.

CByrne wrote:Hi All

I wont name the make and model but suffice to say it is a high end performance car, of which there are less than 10 in the country according to the one dealer in the country.

Go on - tell us what it was. Audi R8 is my guess

There's got to be more than 10 R8's in the country!!!

GT-R Maybe

manual MIVEC?

manual MIVEC?

Now that's rare. Could NOT be 10 of them in the country

colm_mcm wrote:manual MIVEC?

LMAO!!