986 Forum - The Community for Porsche Boxster & Cayman Owners - View Single Post - Front End Damage

Lowski · 05-06-2020, 11:37 AM

So I have been dealing with the insurance company over the last few days.

The first estimate I got was using their online APP. I took the required pictures and sent them in. They came back with and estimate around $4,000. This included a used hood and a used R/H light assembly. They had the bumper cover as a repair instead of replacement. The estimated hours for paint and straightening bent metal looked way low.

I didn't like the first estimate so I went to the local body shop which is also a Porsche Approved repair facility. Their estimate with all new OEM parts, frame measurement and alignment, plus all the paint blending came to around $11,000. Now I know this is the body shop wanting the biggest pay out they can and not the most economical way to fix the car.

I submitted the body shop estimate to the insurance company and they came back with a total loss offer for a base 99 with little to no options and 80,000 miles on the clock.

1. Surrender Vehicle:
Actual Cash Value/Base Price $8,938.00 Plus: Sales Tax $929.55
Unused License Fees $31.00 + Registration Fees $14.30
Less: Deductible $250.00
Settlement Amount $9,662.85

2. Retain Vehicle:
Actual Cash Value/Base Price $8,938.00
Less: Retained Salvage Value $1,820.00
Plus: Sales Tax $929.55 + License fees 31.00 + Registration Fees $14.30
Less: Deductible $250.00
Settlement Amount $7,842.85

So I have a decision to make.

I bought the car 3 years ago for $6,800. I have maybe put a $1000 in for the MAF, Coolant Tank and other general maintenance items. I have upcoming maintenance items plus original items such as front engine mount, water pump, AOS, clutch, cracked rear window and IMS that will need to be addressed in the future.

I am inclined to surrender the vehicle. If I were to try and sell it before the accident I would have be happy with a $8900 sale. Plus the surrender offer refund my sales tax which is big chunk of change.

If I buy it back for $1800 I still have to put 1-2K into it to fix it, my time to find all the parts and a body shop to straighten it. Plus I take a value hit with a salvage title and I may have issues getting insurance in the future. If it all works out I end up with approx. $4k Boxster that I know the history of. Tempting....

The other option is trying to buy it back cheaper that $1800 if it goes to local auction, but that a long shot.

Putting emotions aside let's here what you guys think.

05-06-2020, 11:37 AM	#13
Lowski Registered User Join Date: May 2018 Location: Seattle Posts: 53	So I have been dealing with the insurance company over the last few days. The first estimate I got was using their online APP. I took the required pictures and sent them in. They came back with and estimate around $4,000. This included a used hood and a used R/H light assembly. They had the bumper cover as a repair instead of replacement. The estimated hours for paint and straightening bent metal looked way low. I didn't like the first estimate so I went to the local body shop which is also a Porsche Approved repair facility. Their estimate with all new OEM parts, frame measurement and alignment, plus all the paint blending came to around $11,000. Now I know this is the body shop wanting the biggest pay out they can and not the most economical way to fix the car. I submitted the body shop estimate to the insurance company and they came back with a total loss offer for a base 99 with little to no options and 80,000 miles on the clock. 1. Surrender Vehicle: Actual Cash Value/Base Price $8,938.00 Plus: Sales Tax $929.55 Unused License Fees $31.00 + Registration Fees $14.30 Less: Deductible $250.00 Settlement Amount $9,662.85 2. Retain Vehicle: Actual Cash Value/Base Price $8,938.00 Less: Retained Salvage Value $1,820.00 Plus: Sales Tax $929.55 + License fees 31.00 + Registration Fees $14.30 Less: Deductible $250.00 Settlement Amount $7,842.85 So I have a decision to make. I bought the car 3 years ago for $6,800. I have maybe put a $1000 in for the MAF, Coolant Tank and other general maintenance items. I have upcoming maintenance items plus original items such as front engine mount, water pump, AOS, clutch, cracked rear window and IMS that will need to be addressed in the future. I am inclined to surrender the vehicle. If I were to try and sell it before the accident I would have be happy with a $8900 sale. Plus the surrender offer refund my sales tax which is big chunk of change. If I buy it back for $1800 I still have to put 1-2K into it to fix it, my time to find all the parts and a body shop to straighten it. Plus I take a value hit with a salvage title and I may have issues getting insurance in the future. If it all works out I end up with approx. $4k Boxster that I know the history of. Tempting.... The other option is trying to buy it back cheaper that $1800 if it goes to local auction, but that a long shot. Putting emotions aside let's here what you guys think.