Announcement

Collapse
No announcement yet.

buying a salvage titled car from insurance through a shop

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    buying a salvage titled car from insurance through a shop

    So we have a E30 thats going to be totalled (needs a engine harness, DME, and oil level sensor) at my dealership. The body is VERY clean and the interior is mint. What im wondering is how i go about talking to the insurance company about buying the car before it goes to auction. Does anyone have any experience with this?

    1985 545i

    #2
    Go find your F&I guys...they will know the story.

    I would think you could get it for about $600, max.

    Unless it is an ic or an ix or M3.

    Luke

    Closing SOON!
    "LAST CHANCE FOR G.A.S." DEAL IS ON NOW

    Luke AT germanaudiospecialties DOT com or text 425-761-6450, or for quickest answers, call me at the shop 360-669-0398

    Thanks for 10 years of fun!

    Comment


      #3
      What is an F&I guy?
      '89 "is" = M technic II build mode.

      sigpic

      Comment


        #4
        Finance & Insurance?

        -------------------

        anyway, you have to go to the owner of the car, and request that they purchase the car back from the insurance company. Most insurance companies (i believe) are under contract with the auction houses, that they can only sell cars back to their original owners.
        Then deal with the owner directly.

        You might even catch it before the title turns salvage... YMMV
        Joe Funk -- Portland Oregon
        That Guy.
        03 X5. 3 liter obviously.

        Comment


          #5
          Originally posted by Funkmasta View Post
          anyway, you have to go to the owner of the car, and request that they purchase the car back from the insurance company. Most insurance companies (i believe) are under contract with the auction houses, that they can only sell cars back to their original owners.
          Then deal with the owner directly.

          You might even catch it before the title turns salvage... YMMV
          What he said.
          All of the cars for the last two companies I've worked for get sold through salvage auctions...no exceptions. And those are not open to private individuals, only salvage dealers. Unless the owner is agreeable to the buy-back (and to get that to happen, you'll probably have to offer a bit more than the buy-back to make it worth their while), your chances of getting this car are slim.
          sigpic

          Comment

          Working...
          X