buying back wrecked cars from insuance company?
05-11-2007, 08:19 PM
#21
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Originally Posted by WJ SOM SS
I believe that if you have not agreed to accept a check for the total loss from the ins. co. for the car, it is still yours. (or the leinholders, if you do not have the title) If you own the car, have the title in your possesion, you can negotiate for your car w/ins. co. I believe that's the deal in Ma.... WJ
05-11-2007, 08:21 PM
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i havent signed any of the papers they sent me yet, so i think its not offical, but i dont uderstand why they wont sell it back to me. im gonna go to my ins. company tommrrow and talk to them, thanks for everyones help.
^^dont know what happened there
05-12-2007, 12:44 PM
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Originally Posted by WJ SOM SS
Well, that's why the ins. co.'s not dealing with you. You don't legally own the car--your creditor does. WJ
05-13-2007, 09:43 AM
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You have to pay off the note to your creditor before anything happens here. If the ins. co. is willing to pay more than you owe on the car, you have a chance of ending up w/it....depending on what the ins. co. feels it's worth for salvage. Remember, you'll be ending up w/a "salvage" title if you buy the car back. WJ
