Total Loss?
2001 Boxster Base Manual - 50k miles
Actual Cash Value $15,323.00 Deductible $1,000.00 Net Value $14,323.00 Salvage bid $4,129.55 I did not notify the insurance about the following: 1000 miles on new stage 3 clutch masters clutch 1000 miles on new luk's flywheel 1000 miles on limited slip differential 1000 miles on imsb replacement 1000 miles on rms replacement If I argued with insurance and got the car fixed, how much would the car be worth? Should I buy salvage and part out? http://986forum.com/forums/uploads01...1401481731.jpg |
I'd think you could make the $4k back on just the engine/trany combo! with only 50k miles, that's pretty desirable...
|
that looks repairable to me - new rear bumper cover and paint to match ($2k) new tail light, new rear spoiler, new bumper and shock ($1k) + ??? (alignment? muffler, ?). take the car and the $10k balance and fix it. might wind up with $5k in your pocket when done, but with a base boxster salvage title. the same $14k would get you a clean S the same age.
part out should net you a bit more than the $4k asking but comes with work selling and shipping stuff - how do you value your time? I would be interested in a 5-speed with lsd if it comes to that ... |
Unless the rear fender is damaged (what sent my car to be totaled) your car will surely be fixed, my boxster was tore to bits and the original estimate to fix was only 5k, we eventually got it totaled but I don't see how they will total your car, ask for depreciation though and that will make up for the loss.
|
That can be fixed. Jake's was two fenders, wheels, a door, mirrors, and so on.
|
The body frame got twerked a little. half an inch, will be a slight issue to unbolt the engine and trans (guess I could just cut it)
If I wanted to keep the car they would NOT need to notify the state so I would keep a clear title. |
Quote:
Time to get a fiberglass/aftermarket GT3 rear bumper and some new depo tail lights and off you go bro. Just fix it up and keep the toy for pure pleasure |
Repair estimate was 10,500 after inspection by body shop.
|
Either the subframe, or body frame, got damaged.
|
Quote:
RE; "Repair estimate was 10,500 after inspection by body shop. " > Change body shop presto brother |
Hmmm...sports car with frame damage is not the same as a regular road car with frame damage.
Sure it can be fixed but your car is damaged goods on resale. You need to make sure that the repair is dead on with no compromises or walk. Whose fault? Can you fight for diminished value? |
OR ... prime candidate for a track toy. put the $14k into a cage and a trailer. regardless of how much they may complain, the significant other can't resist a man who races a Porsche.
|
Quote:
|
Quote:
|
Quote:
|
I'd estimate $2-3k for an adequate repair and -30 percent on resale value due to a salvage title. Add in the time and risk and see if the payback is there….
|
Quote:
|
Quote:
|
Quote:
|
If they total out the car, they are effectively buying the car from you and title goes to them. If they then sell it to you as salvage, then I would think that they have to list it on title as salvage.
Now that being said, I had a car that was rear ended and when I settled with the insurance company (other persons company) I asked them to adjust the amount paid to me to cover the "salvage" amount and since title never changed, the title stayed with me as clean title |
All times are GMT -8. The time now is 02:11 PM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0
Copyright 2024 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website