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the fact that the cars worth basically nothing (to the insurance company) they would deffinitely total it
if you wanna keep the car, let them total it, buy it back and use the money to have it fixed (assuming the accident wasnt your fault and the other persons ins is gonna pay up..
if you dont want it.. let them total it, buy it back and sell the car as is..IG: haggardfab
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Originally posted by blazing View PostI hear there is a guy named Vlad with a body shop in Jersey...I want a nice set of smoked MHW's (I know, get it line)
Free Stuff!!:http://www.r3vlimited.com/board/showthread.php?t=273454
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Originally posted by shawnkhanobi View PostWhen your buying back a car from insurance they sell it to you for scrap correct?
Example: Settlement value is $4k, salvage value is $500. If you want to keep the car you get $3500, if not you get the whole $4k. When people use the phrase "buy back from the insurance company"... really all it means is the salvage value is subtracted from the settlement - because if you settle for the full amount of the total loss, the insurance company disposes of the car for you, which usually means it gets sold at a salvage auction. That said, if you decide to keep the car, you will likely have to show proof of a salvage title (depending on state laws) before the insurance company will pay the settlement.-Geno
'87 325is (s52'd)
'95 525iT
'02 Range Rover 4.6 HSE
'98 Disco 1
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Originally posted by rturbo 930 View PostIf you care at all about the salvage title stigma and diminished resale value, do not let them total it. My car was totaled for less damage.
ive "bought" 3 vehicles back from insurance companies in the past and none of them came with a salvage title, all original titles
im not eve sure how salvage titles get issued in njIG: haggardfab
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Originally posted by rturbo 930 View PostIf you care at all about the salvage title stigma and diminished resale value, do not let them total it. My car was totaled for less damage.
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Originally posted by haggardfab View Postive "bought" 3 vehicles back from insurance companies in the past and none of them came with a salvage title, all original titles
im not eve sure how salvage titles get issued in nj
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So the insurance company crapped out on me and nothing is covered. But that's because I didn't have collision coverage to begin with and the other party's insurance declined my claim. I guess l I'll try to fix what I can on my own. I'd rather buy another car for 2000 than spend it on this one. I guess it's time to hit the classified ads. Looking for another e30 preferably a 4 door this time.
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