Is this advisible?

[zizo911]

Would this car be advisable to purchase?

Yes I know its a code 3. Is there any real risks to buying a code 3 car?

http://www.gumtree.co.za/a-cars-bakkies/other/1999-corsa-lite-real-bargain/1001200208390910252866609

 

[bromster]

If you crash, your car will split in half and you will somersault down the highway.

 

[Hamster]

Isn't insurance problem? Resale will be

 

[ToxicBunny]

That car is too expensive for a code 3.

 

[Venomous]

many code 3 cars are not covered by insurance

 

[Hemi300c]

Insurers that cover code 3 vehicles do it on the following basis :
Market value is sum insured and premium is based on that.
Total loss settlement is restricted to between 70% and 75%.
This is because parts cost the same for repairs but vehicle value is not market value.

Some also have higher excess's.

 

[Drifter]

Stay away.

 

[zizo911]

Thanks guys.

 

[Fazda]

Don't even think about it!!

Only time a Code 3 is worth buying is if you are going to race it on the track or rally it.

Don't touch!