GT and GTHO go up in shed fire

[4Vman]

Originally Posted by apolloxbgt

If I owned those cars I would not accept them being repaired,if the owner does he is a fool.

Yes but that's a different debate though!
What do you think the insurance company will want to do? i cant see than handing over hundreds of thousands of dollars without exhausting the resto angle, regardless of what the owner wants.
Is the owner that attached to the car to WANT it restored? if yes its a done deal id say.

Remember there's far more money involved in a pay-out that what it will cost to repair it, even if every hang on panel needs replacing and the roof needs replacing......

[GTPete]

"BUT... if 4Vman is right and the car is repairable, again, i am guessing that MOST of the parts are not re-usable. so for example, say every part of the car is disregarded as they are not re-usable, and all thats left to reuse is the chassis, can we still consider this car an "original" phase 3? "

"looks like another classic example is gone".


Dont confuse original with genuine. If the car is rebuilt it is still a genuine XY GTHO.

[Nikked]

funnly enough, i've hard a car written off, but the payout was more then the repair...?

[4Vman]

Originally Posted by Nikked

No you seem to be, 100k ground up re-build on a shell that will be buckled (to some sort of extreme) I use shell usely thats no meaning one rail will be two foot higher then the other, but every single panel will be out of shape.

labour will be a big chunk, every panel worked pack into shape, interior retrimed...paint/primer/sealers...parts... list gets bigger, and as you said its not a 10K AU.

Even ground up restos from compete cars then to be very expensive.

Ive been involved in dozens of resto's, some looked like basket cases and im helping a mate do a ground up resto on a rusty bare Bathurst GTS shell where both 1/4's, floor pan sections, boot floors etc were fabricated by hand and replaced.. if he can't finish it for under 70K i'll go he...

Originally Posted by GTPete

Dont confuse original with genuine. If the car is rebuilt it is still a genuine XY GTHO.

Exactly...

[apolloxbgt]

Originally Posted by 4Vman

Yes but that's a different debate though!
What do you think the insurance company will want to do? i cant see than handing over hundreds of thousands of dollars without exhausting the resto angle, regardless of what the owner wants.
Is the owner that attached to the car to WANT it restored? if yes its a done deal id say.

Remember there's far more money involved in a pay-out that what it will cost to repair it, even if every hang on panel needs replacing and the roof needs replacing......

I'll tell you again,if the owner were not happy with the situation,he need only to contact his local registration authority and have them inspect the car prior to repair.I'll bet my xbgt to your xygt if that happens,those cars are toast (pun intended).

The next issue to arrive would be diminished value of the cars once repairs are done,I can only hope the owner of these once beautiful cars is not as naive as some on this board.

For those of you unfamiliar with that insurance term,here is some more light reading:
http://www.safecollisionrepairs.com/...t_secret.shtml

[apolloxbgt]

Originally Posted by GTPete

Dont confuse original with genuine. If the car is rebuilt it is still a genuine XY GTHO.

Not if they are reshelled.

[56L]

Originally Posted by GTPete

Dont confuse original with genuine. If the car is rebuilt it is still a genuine XY GTHO.

EXACTLY, most gt,s especially the badly rusted ones that go through a nut and bolt resto usually only end up with the running gear left anyway.

Paint ,panels,seats covers,carpets,hoodlinings,engine accessories,badges,boot mats,all body rubbers and even the whole roof can get replaced and they are still refered as being a GENUINE GT

[gcg2503]

Originally Posted by GTPete

"BUT... if 4Vman is right and the car is repairable, again, i am guessing that MOST of the parts are not re-usable. so for example, say every part of the car is disregarded as they are not re-usable, and all thats left to reuse is the chassis, can we still consider this car an "original" phase 3? "

"looks like another classic example is gone".


Dont confuse original with genuine. If the car is rebuilt it is still a genuine XY GTHO.

But definitely worth a heck of a lot less unfortunately. A damn shame for this poor guy

Heart goes out to him.

[billkara]

yeah poor guy

i heard he is a paraplegic, and the XY GT had hand controls that allowed him to drive it and he used to get his wife to drive him around in the Phase 3 HO.

Wander how much they wouldve been insured for.. maybe he can go and buy another one with his payout..

[Abacus]

Originally Posted by apolloxbgt

The next issue to arrive would be diminished value of the cars once repairs are done

This is probably the only accurate phrase you have posted in this thread.

It would also be my concern. The car will not be worth anywhere near $800,000 with no plates.

Thing is, neither you or I know how much the cars were insured for. It may well be they were insured for nothing like $800,000. Assume for a minute that the car was only insured for $200,000, or $250,000, or whatever. The owner has already done a lot of dough, and for the sake of the payout he may well prefer to see his car rebuilt.

Both the OP and 4Vman, who appears to be in the know, have said the car will be rebuilt.

Whether it should be rebuilt is a question for the original owner and his insurer. Not you.

[56L]

How much do you guys think that the car is worth now in its current condition? If repairable

[apolloxbgt]

Originally Posted by Abacus

This is probably the only accurate phrase you have posted in this thread.

Care to elaborate on that?

Originally Posted by Abacus

Whether it should be rebuilt is a question for the original owner and his insurer. Not you.

No,that is a question for the law.

[JC]

Originally Posted by 4Vman

Ok... you need to take a step back and look at this logically..
We're not talking about a $10K AU forte here.. take the phase 3 as an example, its probably modestly worth $600k prior to the fire, it was insured, lets say under insured for $350K.... Why on earth would an insurance company write off a car and pay out $350K when they can spend, worst case scenario 1/3 of that doing a nut and bolt ground up resto??
It makes no economic sense to write it off...

A stat write off is different to a cost benefit analysis on repairs (sometimes called a finance/financial/repairable write off). A stat write is deemed unsafe to repair, and nothing to do with the cost of fixing it, but all to do with how safe the repaired car might be (or not).

For those with comments like "What a tragedy" - are you kidding? They're cars. Yes, we are car enthusiasts, but they are only cars. Now, Cowra yesterday was a tragedy. Loss of a car is just bad luck.

[fou_bleu]

Absolute terrible news! :(

[OLDFORDNUT]

Originally Posted by GTP290

what happened to the shaker scoop, was it still on the car at the time of the fire?

mate have another look its the first thing i noticed,definatly a genuine shaker by the obvious molten pool of alloy on top of air cleaner.

[OLDFORDNUT]

Originally Posted by 4Vman

Yes but that's a different debate though!
What do you think the insurance company will want to do? i cant see than handing over hundreds of thousands of dollars without exhausting the resto angle, regardless of what the owner wants.
Is the owner that attached to the car to WANT it restored? if yes its a done deal id say.

Remember there's far more money involved in a pay-out that what it will cost to repair it, even if every hang on panel needs replacing and the roof needs replacing......

Exactly right,
ive got a rust free roof sitting here as do many other people with donar cars even have two good rear quarters,.
and i have seen at least 30 Hotrods that have been through more than one farm bushfire get restored into tough street rods,as for figures of $300,000,id say closer to half of that, would see it restored.
Also some of the rubbish about transport dept writing them off,what rubbish, the Insurance companies put cars on the written off register NOT the Transport Authority,i dont think for one second Shannons will do that if they can get it fixed

[4Vman]

Originally Posted by JC

A stat write off is different to a cost benefit analysis on repairs (sometimes called a finance/financial/repairable write off). A stat write is deemed unsafe to repair, and nothing to do with the cost of fixing it, but all to do with how safe the repaired car might be (or not).

.

I understand exactly what a stat write-off is, but the only way it will end up as that is if the owner ends up is a dispute with the insurance company and wants it written off rather than repaired and gets it independantly inspected (AND its deemed no good...) or the cost to repair is greater than its insured cost..

[TOASTED]

Originally Posted by Falc'man

It's alright, as long as no one was hurt.

NO ITS NOT ALRIGHT, IM SURE THIS BLOKE WOULD GIVE HIS LEFT....um.... arm to have his babies back

[XR8putts]

I can't imagine what the poor bloke is going through.

From what I've read in this thread you can tell the car meant alot to the owner, it's value was irrelevant. A Ford fan's worst nightmare :(

[Bobman]

It is sad, but as JC said, it's only a car! Also, there should have been some form of fire protection in the shed. I know I would have made sure to think of every disaster and ways to stop it happening if I had cars of such value.

[AusM]

Originally Posted by ESP

I doubt the Insurance will pay out to the sum we all think.........
I Think there is a limit for these cars. I remember hearing somewhere that Shannons would only insure up to 200K or thereabouts ???..........If that's true, this guy will be bleeding.......BIG TIME.
What people are prepared to pay at Auctions is sometimes at odds with insurance interpretation of "market value".......

If that's the case, they should take that GT-HO commercial off the air - misleading advertising! Let's see how much passion they really have...

[Mr_4.0]

Originally Posted by WhatsMyUserName

Maybe it's a big hoax???? He might have stashed the GT's away and bought two cheap XY's?? Insurance payout here we go!!!

EXACTLY WAT I THOUGHT!!!!!! except maybe he never had an original to start with. just managed to get insurance for one though years ago! when he really only had an xy, or an xy gt.

[XBROO]

This is not an insurance job its the real deal. He has had the phase three for a long time. I have sat in it when it was getting touch up at my panel beaters about 16 years ago. Some of yous should keep your stupid comments to yourself instead of assuming bullsh!t. The poor blokes is in a wheelchair and when he dies he had left the GT's to be auction and all proceeds were going to spinal research. So its not the money it's the sentimental value thats important. So get some facts straight before opening your mouths and you might become a better person for it. :togo: : :

[conordec]

oh mods please... gettin off track in the worst of ways above!!!

[conordec]

Originally Posted by WhatsMyUserName

Maybe it's a big hoax???? He might have stashed the GT's away and bought two cheap XY's?? Insurance payout here we go!!!

just found your user name.... spanner.

well a spanner is a tool no?

[XAGSV8]

Originally Posted by Mr_4.0

EXACTLY WAT I THOUGHT!!!!!! except maybe he never had an original to start with. just managed to get insurance for one though years ago! when he really only had an xy, or an xy gt.

What a stupid comment. There are ways to tell if its the real deal without a compliance plate. Think before you type.

[Abacus]

Originally Posted by Mr_4.0

EXACTLY WAT I THOUGHT!!!!!! except maybe he never had an original to start with. just managed to get insurance for one though years ago! when he really only had an xy, or an xy gt.

Idiot.

[fullysik.com]

to add a little tangent to this thread, assuming one of the shells is not repairable, heat warped out of shape and another shell is required to do the repairs, where does that leave that vehicle in regards to authenticity. Because it is an insurance repair deem it still to be an authentic vehicle? or is it just a re-body.
The same with the racing Ph 2's, 3's and monaro's etc, when they were crashed and re-bodied, what happens to their authenticity? Did the factory restamp the new shell/front end with the original vin, are they unstamped? anyone have any info?

[Martys_EL_V8]

Originally Posted by fullysik.com

to add a little tangent to this thread, assuming one of the shells is not repairable, heat warped out of shape and another shell is required to do the repairs, where does that leave that vehicle in regards to authenticity. Because it is an insurance repair deem it still to be an authentic vehicle? or is it just a re-body.
The same with the racing Ph 2's, 3's and monaro's etc, when they were crashed and re-bodied, what happens to their authenticity? Did the factory restamp the new shell/front end with the original vin, are they unstamped? anyone have any info?

I'm only spit balling here, But in this case where it is such a rare car and not to mention an Aussie Icon, the vehicle would still be classified as an original GT
in my honest opinion the vehicle once repaired would still be an original
if they rebuilt the engine and tranny/ any other components that survived and just re skinned the sheet metal of the car it is still an original GT underneith, and if being replaced by original parts then i see no difference.

In regards to build plates etc, i dont know if its possible but i would be approaching ford to see if replica build plates can be manufactured. Which id say would be done considering the amount of media coverage and the owners personal situation.

Either way it happens end of the day its a tragedy that the car was damaged, if i had something so rare and beautiful as an original HO i would just about die

[BTTB]

I'm curios to know exactly what caused the "electrical fault"



as for Rebuild vs Stat write off
I can understand that the owner might want them rebuilt/restored (whatever)

but I know where Anthony is coming from in regards to fire damage and integrity of the monocoque body structure....

No car that has had that much heat applied to the main body structure is going to be safe in a collision...
hence that "stat write off" proviso applied by the authorities

sad... sad... news for such beautiful machinery