Car totaled, need advice
Thread Starter
12 Second Club
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From: Houston, TX
Car totaled, need advice update from: https://ls1tech.com/forums/showthrea...728&highlight=
Insurance called today after looking at the car. Said they would total it for 10,000. Also find out that 6,700 is still owed on the car...
So, I'm going to call tomorrow and ask about the buying-back process, Im not familiar with that. It seems like it would probably cost more, and leave me with a totaled title though. Not that I care to sell it later, I wanted to keep this car for a long time.
Any input on this??
Im also not sure about taking belongings/mods from the car. I have a lot of things done to the car and Im not going to let them take it without either paying for the mods or letting me put the stock parts back on. This is what I plan to say anyway.
Here is a brief list of the parts I would like to take off:
ls6 intake, cam?, elec exhaust cutout, PST driveshaft, 9" rear w/ etc, torque arm, LCAs, PHB, 10" sub, shifter, pro kit springs, CR1 seats, 4 pt harness, harness bar, ZR1s with brand new rear 315 DRs
To swap them out, I would have to buy stock LCAs, rear brake backing plates (for the axle), and a stock cam if I want to keep my sweet lamp. Im sure I could find these fairly quickly though.
They said to let them know by Friday, but when I call again tomorrow Im going to ask for extra time to make a decision.
Any advice?
Thanks
Insurance called today after looking at the car. Said they would total it for 10,000. Also find out that 6,700 is still owed on the car...
So, I'm going to call tomorrow and ask about the buying-back process, Im not familiar with that. It seems like it would probably cost more, and leave me with a totaled title though. Not that I care to sell it later, I wanted to keep this car for a long time.
Any input on this??
Im also not sure about taking belongings/mods from the car. I have a lot of things done to the car and Im not going to let them take it without either paying for the mods or letting me put the stock parts back on. This is what I plan to say anyway.
Here is a brief list of the parts I would like to take off:
ls6 intake, cam?, elec exhaust cutout, PST driveshaft, 9" rear w/ etc, torque arm, LCAs, PHB, 10" sub, shifter, pro kit springs, CR1 seats, 4 pt harness, harness bar, ZR1s with brand new rear 315 DRs
To swap them out, I would have to buy stock LCAs, rear brake backing plates (for the axle), and a stock cam if I want to keep my sweet lamp. Im sure I could find these fairly quickly though.
They said to let them know by Friday, but when I call again tomorrow Im going to ask for extra time to make a decision.
Any advice?
Thanks
Last edited by BigSteele; Apr 16, 2008 at 10:15 PM.
Joined: Aug 2007
Posts: 24,241
Likes: 89
From: Turnin' Wrenches Infractions: 005
that sucks, with buy back they will give you a dollar figure with you giving up the car say 10 grand then another figure with you keeping it but getting a salvage title like say 8 grand. so weigh your options to see what the figures look like.
It isn't that bad. Bottom frame rail, radiator support and a couple of other things. It looked like they would total. Those corner damages are what kill cars pretty quick. Tell them they pay off the car, give you 3 grand and you keep the car.
Thread Starter
12 Second Club
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From: Houston, TX
well if the insurance pays off the car, Id have to buy it back from them at some salvage value, which would not leave me with ~3k leftover
Insuracnce companies will USUALLY work with you on stuff like this. This way, they would have to worry about getting the car, storing it, waiting for it to go on the auction block, yada yada yada. Hell, tell hem you live in it and it was your house. That's gotta count for something.
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TECH Regular
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From: Lake Jackson TX, south of Houston
i would buy it back and fix it, its not that bad, if you dont i will. I need a donor ls car right now so if your just going to let it go i'll buy it i have a 94 and 91 and would like to swich out alot of part
You can reject their offer and ask for more. Who are you insured with?
I know that State Farm will pay out more if you can justify why the car is worth more than what they initially quote; you just need to know how to talk to them. Negotiating offers will probably push you past the Friday deadline at the very least.
If you decide not to keep it, I have a stock cam, LCAs, and PHB in Austin.
I know that State Farm will pay out more if you can justify why the car is worth more than what they initially quote; you just need to know how to talk to them. Negotiating offers will probably push you past the Friday deadline at the very least.
If you decide not to keep it, I have a stock cam, LCAs, and PHB in Austin.
buy back for my black 98z was 2500. i think that would be your best bet, you could part it out and get your money back at the very least, and leave it in your backyard till you save enough money to fix it while you buy another z
You can reject their offer and ask for more. Who are you insured with?
I know that State Farm will pay out more if you can justify why the car is worth more than what they initially quote; you just need to know how to talk to them. Negotiating offers will probably push you past the Friday deadline at the very least.
If you decide not to keep it, I have a stock cam, LCAs, and PHB in Austin.
I know that State Farm will pay out more if you can justify why the car is worth more than what they initially quote; you just need to know how to talk to them. Negotiating offers will probably push you past the Friday deadline at the very least.
If you decide not to keep it, I have a stock cam, LCAs, and PHB in Austin.
i was going to say the same thing. i got 50% more than my first offer by showing them what was on the car, and how much they're selling for. (print out auto trader ads of comparable cars)
Thread Starter
12 Second Club
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From: Houston, TX
I spoke with a lady today (from state farm) and asked about the salvage value... its 2700.
So they total it, I basically pay off the loan for 6700 and buy the car for 2700, so that leaves me ~600 and I'd get the car back.
Then I plan to part the car out on here and take off all my mods.
Now I have to decide to either keep my mods and try to get another f-body to put them on, or sell everything and try to find a nice little economic DD to ride around in untill I graduate and get a better job.
So they total it, I basically pay off the loan for 6700 and buy the car for 2700, so that leaves me ~600 and I'd get the car back.
Then I plan to part the car out on here and take off all my mods.
Now I have to decide to either keep my mods and try to get another f-body to put them on, or sell everything and try to find a nice little economic DD to ride around in untill I graduate and get a better job.
