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The mkiv Supra Owners Club

£1560 for a couple hundred miles a year... How do you guys do it?


Karl M N

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When it's cold and icy out and the roads are covered in salt and dirt I sometimes do wonder why I keep it. But taking it out on a dry day makes me forget all that.

 

My insurance when I first got the car was about 1100, it's

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Limited miles, 4000 a year. No agreed value although I've thought about doing that recently, they have to pay out the market value though and mine isn't heavily modified?

Salvage rights, that's a new one on me, in the past I've bought back a written off motorbike as it was only financially written off.

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What are salvage rights mate?

 

Salvage rights enable you to buy the car back from the insurance company in the event of a write off. Rather than the insurance company keeping the car and selling it on to a salvage yard/breaker after paying you off.

 

I think the cost of this works out around 10% of the agreed value with your insurer.

 

As an example if your car has an agreed value for 20k they should give you 18K and your car back.

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