My friend few days ago car accident,car very bad damage, turn over, wiliyah car insurance said that if repair , only can pay up to 70% of 333k, however if my friend don't want to repair, viliyah pay for 330k, so, are my friend need to pay back first car buyer rebate 84K? car is 3 years now, still have 2 years for instalment.

Perhaps the Ins Co will withold 84 k when they find out it's still in first buyers scheme ?

My friend not sure, that's why I help him to ask anyone know about this?

I don't really understand the options.

Is the insurance company actually offering to officially write-off the car and pay it out or not?

The insurance give him 2 option,

1 repair not more then 70 % of 330k, if more then that 70%, owner top up .

2 pay out 330k, no repair

I don't really understand the options.

Is the insurance company actually offering to officially write-off the car and pay it out or not?

The insurance give him 2 option,

1 repair not more then 70 % of 330k, if more then that 70%, owner top up .

2 pay out 330k, no repair

I don't really understand the options.

Is the insurance company actually offering to officially write-off the car and pay it out or not?

Well, if 330K is the insurance value, and they expect the repairs might go over 230K in value, the car must be in very bad shape. In which case, you probably wouldn't want it anyway I guess.

In the case of an official write-off, he shouldn't have any issues with the first car buyer rebate, because the car never needs to be transferred into someone else's name. He should still contact the Excise Tax dept and verify though.

tommyuk77 just go and ask the insurance company about option 2 pay out 330k when the car is in FTB scheme how much does he get ,they will want the wreck and the blue book.

Because my friend still coma in hospital, can I call on behalf and ask?

The insurance give him 2 option,

1 repair not more then 70 % of 330k, if more then that 70%, owner top up .

2 pay out 330k, no repair

I don't really understand the options.

Is the insurance company actually offering to officially write-off the car and pay it out or not?

Well, if 330K is the insurance value, and they expect the repairs might go over 230K in value, the car must be in very bad shape. In which case, you probably wouldn't want it anyway I guess.

In the case of an official write-off, he shouldn't have any issues with the first car buyer rebate, because the car never needs to be transferred into someone else's name. He should still contact the Excise Tax dept and verify though.

Alright, will try to call insurance and check.

tommyuk77 just go and ask the insurance company about option 2 pay out 330k when the car is in FTB scheme how much does he get ,they will want the wreck and the blue book.