Repairable versus statutory write-off
A repairable write-off can legally be fixed and re-certified. A statutory write-off cannot go back on the road in New Zealand and can only be dismantled for parts or scrap. Your insurer will tell you which category applies.
Should you take the buy-back?
Insurers deduct a salvage value from your payout if you keep the wreck. Compare that deduction against what a wrecker will pay you for the same car. If the wrecker's offer is higher than the deduction, buying it back and selling it on leaves you ahead.
What damaged cars are worth
Front-end damage often leaves the drivetrain, interior, rear body panels and wheels all saleable. Flood and fire damage are worth less because wiring and interiors are ruined, but the metal weight still pays. Late-model vehicles with intact airbags and modules are worth noticeably more.
- Newer vehicles carry higher parts demand
- Undamaged engine and gearbox lift the offer significantly
- Alloy wheels, tow bars and good tyres all add value
Paperwork after a write-off
Keep the insurer's write-off confirmation and any buy-back documentation. Hand over ownership at pickup and notify Waka Kotahi that you are no longer the registered owner.
Common questions
- Can I sell a car the insurer has written off?
- Yes, once you have bought back the salvage. Wreckers buy write-offs routinely.
- Is a flood-damaged car worth anything?
- Less than an equivalent crash-damaged car, but panels, glass, wheels and scrap steel still hold value.