Fixable or Total Loss?
#1
Premier Member
Thread Starter
#2
Oh wow, hope everyone that was in the car is ok. But about the car, it looks like they might just total it out. Of course, my opinion is based on zero education. But if they to total it and the shop can confirm the chassis is still straight, I would buy it back for cheap and get it fixed... depending on purchase price and labor to fix.
#3
Premier Member
Thread Starter
Oh wow, hope everyone that was in the car is ok. But about the car, it looks like they might just total it out. Of course, my opinion is based on zero education. But if they to total it and the shop can confirm the chassis is still straight, I would buy it back for cheap and get it fixed... depending on purchase price and labor to fix.
#5
Registered Member
iTrader: (2)
That's a terrible way to start a long weekend, I'm terribly sorry for your loss. I hope everything works out in your favor. I've never been in an accident involving my own vehicle but I have seen some where it doesn't seem like a lot of damage and the adjuster deems it totaled.
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Duke13 (09-05-2017)
#6
Premier Member
Thread Starter
That's a terrible way to start a long weekend, I'm terribly sorry for your loss. I hope everything works out in your favor. I've never been in an accident involving my own vehicle but I have seen some where it doesn't seem like a lot of damage and the adjuster deems it totaled.
#8
Glad you are ok. I am guessing $5k-$7k just in visible damage. If there is more damage then what can be seen, it just goes up from there. I'd start pulling off every re-sellable part from it and do a mini-part out. I doubt it will affect the salvage value of the vehicle (assuming the insurance company even realizes it). You could also ask to retain the salvage and part out the whole car. This is likely only an option if you own free and clear. As strodda mentioned, you could also consider fixing it and having a salvage title.
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Duke13 (09-05-2017)
#10
Premier Member
Thread Starter
Wow $11,000.. The shop called me today and said they will have a total for me tomorrow..
#11
I manage my auto finance company's insurance claims department and you have to be careful of many bodyshops. They are NOT incentivized to total a car out. They will try to write the estimate high enough to squeeze every penny out of the insurance company and convince them it isn't totalled. They will then nearly complete the repairs and write supplemental estimates for additional damage that they "missed" to get even more money hoping that the insurance company won't total it out since most of the work is completed at that point. The supplemental estimates usually total the car out. Just make sure you are using someone you trust or get 2 estimates.
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Duke13 (09-06-2017)
#13
Registered Member
total if possible...once your car is in an accident, and you go to sell....especially on a dealer trade in , that accident will kill your resale value, I know this obvious, I went to trade in my 05' Altima SE(v6), great shape, only 68K miles , some dealers offered as low as $2K....I laughed...sold to my nephew for $3700...he loves it
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Duke13 (09-06-2017)
#14
Premier Member
Thread Starter
I manage my auto finance company's insurance claims department and you have to be careful of many bodyshops. They are NOT incentivized to total a car out. They will try to write the estimate high enough to squeeze every penny out of the insurance company and convince them it isn't totalled. They will then nearly complete the repairs and write supplemental estimates for additional damage that they "missed" to get even more money hoping that the insurance company won't total it out since most of the work is completed at that point. The supplemental estimates usually total the car out. Just make sure you are using someone you trust or get 2 estimates.