The category of a vehicle refers to when an insurance company writes off a car under Categories A, B, C, or D. This is a system called the Vehicle Identity Check (VIC) created as a way to help reduce vehicle crime. The designations are meant to deter criminals from disguising stolen vehicles with the identities of scrapped or written off vehicles. This is a practice referred to as “ringing”. When an insurer writes off a car under Categories A, B, or C the car is recorded as a write off. The registration document (V5) is surrendered to the insurance company and then destroyed. The categories are described as follows:
* Category A vehicles are those that have not been repaired following extreme damage and are unsafe to be repairable. Regardless of whether there are salvageable parts, the entire vehicle must be crushed.
* Category B vehicles are those that have not been repaired following significant damage and have been deemed to be non-repairable. The car may have salvageable parts so only the body shell must be crushed.
* Category C vehicles are repairable, though the costs of repair exceed the value of the vehicle. For economic reasons the insurer decides not to repair the vehicle.
* Category D vehicles are repairable, but the repair costs are significant in relation to the value of the vehicle (though do not exceed the value), or the parts are not available to repair the damage. For economic reasons the insurer chooses not to repair the vehicle.
Selling a Category C vehicle is an option, but this classification means that the insurance company has deemed the vehicle unfit for the road until the necessary repairs are completed. The problem with trying to sell this type of vehicle is the repairs will likely exceed the value of the car itself. The market is not filled with people wanting to purchase Category C damaged vehicles because the risks involved in purchasing a Cat C car are high. Most potential buyers are discouraged from buying such a vehicle. Furthermore, even if there is a buyer out there for the vehicle the figure it will sell for is drastically less than if it was not damage so severely.
Selling a Category D vehicle is also an option, but presents some of the same issues of selling a Cat C vehicle, including a sale value that is drastically reduced, difficulty finding a buyer in the marked for a Cat D vehicle, and even possible costs incurred to place adverts for the sale. Though some buyers may be tempted by the low asking price, the majority of buyers will not take the risk of purchase.
One of the best ways to sell your car, Cat C or Cat D, is by contacting a car buying company. Sellers will get a fair price and the process is typically easy and straight forward, not to mention free from fees. This may be the best way to get the cash needed to move on to a different vehicle.