How much did you for your totaled LS1 Camaro from you insurance company? I wrecked mine last Thursday and am still waiting for my apprasial on Monday. Just trying to get my options open. I owe $11600 on it and the KBB/ NADA Sugg. retail for my 99 is $11800. I have receipts for almost $4000 in aftermarket stuff. I have USAA and have never had problems with them. I dont think my car is going to be totalled but I am figuring the worst case scenario. I'd take the powertrain, Wheels, Seats and put hem towards my 87 Firebird I picked up for $500. Well, enough rambling, how much did you pay for you totalled camaro?

 

If your Camaro is totalled and they're going to give you a check for it, they're not going to let you take parts off of it. They want it the way it is. That's what they're paying you for.

 

I know you cant pull parts off of it but Ive heard that you can buy back the vehicle from them (first dibs) before they Scrap it or Auction it off for parts. Maybe I wrote too much of my situation.

 

Wife and I were t-boned in Dec 2005, we payed $7000 for the car, they offered $5700. We could have "bought" the car back for $4900 and it would have been ours.

Yes, you have the right to buy it back...but your settlement will be less!

 

Thats what I thought. I heard that you could buy it back for like 10% of its value but yours is what I would expect to pay for a totalled LS1 Camaro. Looks like I'll be taking the money if the Insurance Company Totals my Camaro. I'll find out tomorrow.

 

My 1996 vert Z28 got totaled out... it had 135,000 on the clock but was in perfect condition... I got $10,500 from the guys insurance co and was very happy since I only paid $8,000 for it 3 years ago.

 

damn, that's nice.

 

20% of the value will be the buy-back. Look at this link. I got my Trans Am for 3500 bucks. I also got my camaro for 2300, which was roughly 26% so they were happy on that one also. That was at one of the auctions the cars go to (Adesa Impact tob e specific) 3500 was like 23% of the cars total value so insurance got some money off that deal. Do the math yourself and see how much they will give you for it compared to a buy-back. What all could you get off the car if you get it back? Can you sell parts off it to get or surpass the insurance payout for it?

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