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I'd be aiming for them to write it off TBH.
Let them pay out, buy the car back as part of the deal (usually 10% of the payout), fix the car privately and you'll be quids in.
http://www.ebay.co.uk/itm/NISSAN-NOTE-E11-2012-SPACE-SAVER-WHEEL-TYRE-125-70D-15-4X100-4-STUD-60-1-CB-/252857594945?hash=item3adf7cb441:g:vjAAAOSwWxNYvY9F
Buy one of these and try it on for size.
It's not rocket science mate. Just follow the guide, use the tools as intended and double check everything..
Hardest part is getting the c**t of a lower cambelt cover to wiggle out and back in without snapping it.
http://www.ebay.co.uk/itm/Jaguar-XJR-4-0-V8-S-C-No-Mot-Great-engine-90K-and-Alloys-rusty-chassis-/272713527640
Perfect. Will end up in profit once you've sold the gearbox, wheels etc.
Lol. I have an E30 touring that will get my 330's engine, box etc at some point.
Not a well documented conversion of late, but I figure with both donor cars, and a bit of patience it can't be rocket science