{"id":10770,"date":"2020-05-24T15:18:20","date_gmt":"2020-05-24T05:18:20","guid":{"rendered":"https:\/\/www.privatefleet.com.au\/blog\/?p=10770"},"modified":"2020-06-19T23:54:09","modified_gmt":"2020-06-19T13:54:09","slug":"why-you-should-think-twice-about-buying-a-car-with-hail-damage","status":"publish","type":"post","link":"https:\/\/www.privatefleet.com.au\/blog\/buy-new-car\/why-you-should-think-twice-about-buying-a-car-with-hail-damage\/","title":{"rendered":"Why You Should Think Twice About Buying a Car with Hail Damage"},"content":{"rendered":"

In the ACT, new car sales have remained remarkably resilient amid the COVID-19 lockdown. One of the driving forces behind the steady showing has been the significant hail storms that damaged a large amount of cars earlier in the year.<\/p>\n

Since then, new car sales have been up year-on-year throughout February, March and April in the nation\u2019s capital. Such an event raises an interesting consideration for many \u2013 that is, whether it is a wise decision to buy a car with hail damage. While the prospect of saving thousands in dollars can be appealing, there are definitely troubles that you can run into.<\/p>\n

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What issues come with hail-damaged cars?<\/strong><\/h2>\n

In the event that an insured vehicle costs more to repair than the value of the car itself, it will be written off by the insurer. The reality is, if the economics don\u2019t stack up, then the car, even if in otherwise functional state, will face obstacles making it back onto the road.<\/p>\n

This is because the car will be added to the government\u2019s list of vehicles deemed repairable. While this is better than it being declared a statutory write-off, the process still requires a myriad of inspections, certifications, paperwork and hoops to jump through. Importantly, some lenders won\u2019t provide money for a hail-damaged car.<\/p>\n

Assuming you are fortunate to receive loan approval, in terms of insurance coverage thereafter, you will also need to declare the damage as part of the vehicle\u2019s existing condition. In some instances, insurers won\u2019t provide coverage for cars with pre-existing damage, or will extend limited coverage such as third-party, fire and theft.<\/p>\n

Arguably the biggest hurdle you\u2019ll likely face in terms of buying a car with hail damage is down the line when it comes time to part ways with the car. If it hasn\u2019t been repaired, you are going to face an almighty struggle to find a buyer who is prepared to purchase the car.<\/p>\n

On the other hand, fork out money for repairs and you probably won\u2019t see any return at all. This of course will depend on which route you pursue in terms of repairing the damage, be it panel replacement, panel beating or paintless dent removal. This sort of work is also highly technical, so not only is it costly but you need to find the \u2018right\u2019 person for the job.<\/p>\n

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Final thoughts<\/strong><\/h2>\n

At the end of all this, it\u2019s worth asking yourself \u2013 do the up-front savings justify the inconvenience and burden later on? With a wide range of dealers currently trying to clear brand new stock in perfect condition at large discounts, don\u2019t be fooled by the promise of additional savings from hail-damaged cars in the second-hand market. http:\/\/credit-n.ru\/offers-zaim\/4slovo-bystrye-zaymi-online.html<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

In the ACT, new car sales have remained remarkably resilient amid the COVID-19 lockdown. One of the driving forces behind the steady showing has been the significant hail storms that damaged a large amount of cars earlier in the year. Since then, new car sales have been up year-on-year throughout February, March and April in […]<\/p>\n","protected":false},"author":17,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[52],"tags":[],"class_list":["post-10770","post","type-post","status-publish","format-standard","hentry","category-buy-new-car"],"_links":{"self":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/10770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/comments?post=10770"}],"version-history":[{"count":3,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/10770\/revisions"}],"predecessor-version":[{"id":10854,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/posts\/10770\/revisions\/10854"}],"wp:attachment":[{"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/media?parent=10770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/categories?post=10770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.privatefleet.com.au\/blog\/wp-json\/wp\/v2\/tags?post=10770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}