05-30-2014, 12:28 PM
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#1
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Registered User
Join Date: Dec 2013
Location: Chicago
Posts: 141
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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?
__________________
Black on Black 2001 Boxster Base
Clutch Masters Stage III Clutch
Luk Flywheel // IMS Retrofit // Rear Main Seal
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05-30-2014, 12:42 PM
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#2
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Registered User
Join Date: Oct 2013
Location: San Jose, CA
Posts: 583
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I'd think you could make the $4k back on just the engine/trany combo! with only 50k miles, that's pretty desirable...
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2000 S - Borla Exhaust, TS Cat Deletes, RSS UDP, B&M Short Shift, T96 Steering Wheel, Potenza RE-71R's,
Mantis 2.0L Deep Sump, de-snorkeled, Bilstein PSS9 Coil-Overs, Rennline lug studs, and auto crossed regularly.
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05-30-2014, 12:42 PM
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#3
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Registered User
Join Date: Apr 2010
Location: Canada
Posts: 3,128
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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 ...
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05-30-2014, 12:45 PM
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#4
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Registered User
Join Date: Dec 2013
Location: Greenville, S.C.
Posts: 2,670
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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.
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05-30-2014, 12:47 PM
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#5
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I am my own mechanic....
Join Date: Feb 2013
Location: Salt Lake City, UT
Posts: 3,432
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That can be fixed. Jake's was two fenders, wheels, a door, mirrors, and so on.
__________________
'04 Boxster S 50 Jahre 550 Spyder Anniversary Special Edition, 851 of 1953, 6-sp, IMS/RMS, GT Metallic silver, cocoa brown leather SOLD to member Broken Linkage.
'08 VW Touareg T-3 wife's car
'13 F150 Super Crew long bed 4x4 w/ Ego Boost
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05-30-2014, 12:48 PM
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#6
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Registered User
Join Date: Dec 2013
Location: Chicago
Posts: 141
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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.
__________________
Black on Black 2001 Boxster Base
Clutch Masters Stage III Clutch
Luk Flywheel // IMS Retrofit // Rear Main Seal
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05-30-2014, 12:52 PM
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#7
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Registered User
Join Date: Sep 2013
Location: Montreal, QC. (currently expat to Shanghai)
Posts: 3,249
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Quote:
Originally Posted by alanqning
2001 Boxster Base Manual - 50k miles
.....how much would the car be worth?
Should I buy salvage and part out?
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Crap, feel sorry to see this Alan  Bear in mind cars are far from being an investment. Especially the Boxster
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
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'97 Boxster base model 2.5L, Guards Red/Tan leather, with a new but old Alpine am/fm radio.
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05-30-2014, 12:53 PM
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#8
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Registered User
Join Date: Dec 2013
Location: Chicago
Posts: 141
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Repair estimate was 10,500 after inspection by body shop.
__________________
Black on Black 2001 Boxster Base
Clutch Masters Stage III Clutch
Luk Flywheel // IMS Retrofit // Rear Main Seal
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05-30-2014, 12:55 PM
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#9
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Registered User
Join Date: Dec 2013
Location: Chicago
Posts: 141
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Either the subframe, or body frame, got damaged.
__________________
Black on Black 2001 Boxster Base
Clutch Masters Stage III Clutch
Luk Flywheel // IMS Retrofit // Rear Main Seal
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05-30-2014, 12:55 PM
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#10
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Registered User
Join Date: Sep 2013
Location: Montreal, QC. (currently expat to Shanghai)
Posts: 3,249
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Quote:
Originally Posted by alanqning
The body frame got twerked a little. half an inch
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Nothing that can't be straighten up. Your local body shop should have the tools and knowledge to do this in about an hour (eg. lasers)
RE; "Repair estimate was 10,500 after inspection by body shop. " > Change body shop presto brother
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'97 Boxster base model 2.5L, Guards Red/Tan leather, with a new but old Alpine am/fm radio.
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05-30-2014, 01:04 PM
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#11
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Registered User
Join Date: Nov 2004
Location: New Jersey
Posts: 8,709
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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?
__________________
GT3 Recaro Seats - Boxster Red
GT3 Aero / Carrera 18" 5 spoke / Potenza RE-11
Fabspeed Headers & Noise Maker
BORN: March 2000 - FINLAND
IMS#1 REPLACED: April 2010 - NEW JERSEY -- LNE DUAL ROW
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05-30-2014, 01:09 PM
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#12
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Registered User
Join Date: Apr 2010
Location: Canada
Posts: 3,128
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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.
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05-30-2014, 01:20 PM
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#13
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Registered User
Join Date: Dec 2013
Location: Chicago
Posts: 141
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Quote:
Originally Posted by Nine8Six
Nothing that can't be straighten up. Your local body shop should have the tools and knowledge to do this in about an hour (eg. lasers)
RE; "Repair estimate was 10,500 after inspection by body shop. " > Change body shop presto brother
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Repair estimate was at the only Porsche Certified Shop in Illinois, I'm sure I can get it done somewhere else cheaper.
__________________
Black on Black 2001 Boxster Base
Clutch Masters Stage III Clutch
Luk Flywheel // IMS Retrofit // Rear Main Seal
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05-30-2014, 01:38 PM
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#14
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Registered User
Join Date: Dec 2013
Location: Greenville, S.C.
Posts: 2,670
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Quote:
Originally Posted by alanqning
Repair estimate was at the only Porsche Certified Shop in Illinois, I'm sure I can get it done somewhere else cheaper.
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Are you at fault, if not, have the car fixed and ask for depreciation. If you are at fault, everything is alot more difficult and in that case not all states can compensate for deprecation, and this service will show up on a car fax making the car much harder to sell. You could probably make money off of parting out the car, my totaled car was valued at 3.5k but mine has more miles and such and i did not really have the time to total it out. You could probably push the price a bit higher to have the car totaled if that is in your best interest.
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05-30-2014, 01:40 PM
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#15
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Registered User
Join Date: Dec 2013
Location: Chicago
Posts: 141
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Quote:
Originally Posted by BIGJake111
Are you at fault, if not, have the car fixed and ask for depreciation. If you are at fault, everything is alot more difficult and in that case not all states can compensate for deprecation, and this service will show up on a car fax making the car much harder to sell. You could probably make money off of parting out the car, my totaled car was valued at 3.5k but mine has more miles and such and i did not really have the time to total it out. You could probably push the price a bit higher to have the car totaled if that is in your best interest.
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No police report, car was filed under collision repair.
__________________
Black on Black 2001 Boxster Base
Clutch Masters Stage III Clutch
Luk Flywheel // IMS Retrofit // Rear Main Seal
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05-30-2014, 01:42 PM
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#16
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Registered User
Join Date: Jan 2013
Location: Phoenix, AZ
Posts: 231
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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….
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05-30-2014, 02:00 PM
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#17
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Registered User
Join Date: Dec 2013
Location: Chicago
Posts: 141
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Quote:
Originally Posted by runjmc2
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….
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Insurance says that they won't have to notify the state and therefore be a clean title.
__________________
Black on Black 2001 Boxster Base
Clutch Masters Stage III Clutch
Luk Flywheel // IMS Retrofit // Rear Main Seal
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05-30-2014, 02:09 PM
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#18
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Gone
Join Date: Feb 2014
Location: NV
Posts: 249
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Quote:
Originally Posted by alanqning
Insurance says that they won't have to notify the state and therefore be a clean title.
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I wouldn't say that out loud... 
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05-30-2014, 02:10 PM
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#19
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Registered User
Join Date: Dec 2013
Location: Chicago
Posts: 141
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Quote:
Originally Posted by Davev
I wouldn't say that out loud... |
I mean, apparently that is policy?
__________________
Black on Black 2001 Boxster Base
Clutch Masters Stage III Clutch
Luk Flywheel // IMS Retrofit // Rear Main Seal
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05-30-2014, 02:20 PM
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#20
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On the slippery slope
Join Date: Mar 2014
Location: Austin and Palm Springs
Posts: 3,797
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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
__________________
2004 Boxster S 6 speed - DRL relay hack, Polaris AutoTop DIY
2004 996 Targa Tip
Instructor - San Diego region
2014 Porsche Performance Driving School
2020 BMW X3, 2013 Ram 1500, 2016 Cmax, 2004 F-150 "Big Red"
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