buying back wrecked cars from insuance company?
05-09-2007, 05:58 PM
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buying back wrecked cars from insuance company? does anyone know how this works in mass. i wrecked my z28 and want to buy it back but am not sure how it works, thanks steve
05-10-2007, 12:41 AM
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^ What they said.
Originally Posted by styoung
got some pics of my wreck, i would like to buy it off the insurance company but dont know if its worth it tell me what you think.
Still sucks you wreck it though.
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05-10-2007, 07:26 AM
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I bought my 94 formula back from the insurance co. They paid me 7500 for it with 246000 miles on it after a 10mph hit. airbags thru the windshield. bought it back for $178 and put another 700 in parts to fix. No salvage title was ever issued and car still has a clean title today. The big thing with buy backs seems to be that you have the car in your posession and not sitting in a storage yard.
05-10-2007, 03:27 PM
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the insurance company told me that they wouldnt sell it back to me, they settled for 17000 and the only way that i could buy it back is if i went to the auction, witch you need a dealers licence for, and buy it at the auction. that sucks.
05-10-2007, 03:45 PM
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Originally Posted by styoung
the insurance company told me that they wouldnt sell it back to me, they settled for 17000 and the only way that i could buy it back is if i went to the auction, witch you need a dealers licence for, and buy it at the auction. that sucks.
05-10-2007, 03:52 PM
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Originally Posted by amsterdamn
That's gay. I would be pissed off if I could not have MY car back. There's got to be another way to get it. I've never heard of anybody not being able to do so.
05-10-2007, 04:08 PM
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did they already cut you teh check?
if they did then the car would be theirs and they could decide that. if you don'thave the money yet, the car is still yours and it would seem they would be able to negotiate something out.
if they did then the car would be theirs and they could decide that. if you don'thave the money yet, the car is still yours and it would seem they would be able to negotiate something out.
05-10-2007, 04:19 PM
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Originally Posted by NJSPDER
did they already cut you teh check?
if they did then the car would be theirs and they could decide that. if you don'thave the money yet, the car is still yours and it would seem they would be able to negotiate something out.
if they did then the car would be theirs and they could decide that. if you don'thave the money yet, the car is still yours and it would seem they would be able to negotiate something out.
05-10-2007, 05:19 PM
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i would think you could do something about it then, agree to a lower payout to keep the vehicle and title.
i know in new jersey it doesn't end until the check clears. up to that time it is still open to negotiation.
i know in new jersey it doesn't end until the check clears. up to that time it is still open to negotiation.
05-10-2007, 08:29 PM
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Originally Posted by NJSPDER
i would think you could do something about it then, agree to a lower payout to keep the vehicle and title.
i know in new jersey it doesn't end until the check clears. up to that time it is still open to negotiation.
i know in new jersey it doesn't end until the check clears. up to that time it is still open to negotiation.
05-11-2007, 07:45 PM
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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