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Am I buying into a problem or a bargain?

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Old Sep 6, 2011 | 02:56 AM
  #1  
themarques's Avatar
themarques
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Am I buying into a problem or a bargain?

Hi Guys

First off thank you for the wealth of info on the forum. I've been lurking and reading and now ready to take a plunge on a Cooper S.

So I found a low mileage (33,000) 2007 Cooper S which is a CAT D Insurance write off ( basically had a slight dent near the rear tail light no other damage to the body or frame)

Last MOT 03-2011 and last service was at 20K.

The following info was from the dealer first had level switch changed
Second place warranty repairs....airbag fault
Third place power steering fault
service top up
bonnet catch minor
fuel pump replaced
engine management light but no fault found


Do you guys think that with all the work done it is in settling in mode? and majority of the major kinks have been ironed out? I know thats the million dollar question but just wanted to get your guys views.
 
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Old Sep 6, 2011 | 07:24 AM
  #2  
36rodder's Avatar
36rodder
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From: I live in Webster, NY (just east of Rochester)
I would find out why the insurance company wrote off this car. There has to be something major wrong with the car for an insurance company to write off a 4 year old low mileage car. A CAT-D write off is "uneconomic to repair", they don't write them off for a minor dent. An '07 MINI S in good condition has a KBB value of 16K - 17K so the cost of repair would have to be significant to write it off. Get a CarFax and see if this car has been in a flood or something that would cause a write off.
 
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Old Sep 6, 2011 | 02:29 PM
  #3  
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themarques
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Well the car is been sold for around 11K US$ so about 5-6K cheaper which translates to the 30% reduction CAT D's normally receive.


I will need to track down the previous owner cause I doubt the insurance company will let of that info with all data protection in the UK
 
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