Quote:
Originally Posted by BYprodriver
2 weeks ago I called my State Farm agent to inform them I was considering buying a CA salvage/rebuilt title 2015 Lexus GS-F, & ask how they would determine value if it was totaled. I was told State Farm will seek out similar vehicles for sale locally & base the value by averaging current prices. In my case when the vehicle has a salvage title they base value from the lowest priced comp's.
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At one time, I was buying damaged cars and fixing them up to be driven. They all had California Salvage titles. I had an Audi S4, a Porsche 993 cab and BMW 530I. The kids had three VW Passats and an Audi A4. Two of the Passats, the Audi and BMW were all totaled in traffic accidents. State Farm treated all of the cars as if they had clean titles. They paid more on the cars than (IMHO) I could have ever sold them for.
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