totaled?
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Joined: Aug 2003
Posts: 5,498
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From: ORF
Re: totaled?
Ok, That car with that KBB, most likely will NOT be totaled. Because insurance companies pay a considerably cheaper rate for labor and parts than we individuals do. To total a vehicle by most insurance companies standards depending on age of vehicle but for the most part if the estimate of the damage is worth more than 60-70% of cost of car. I have seen a 2005 Lincoln Navigator that hit a tractor trailor rear end that fell off a flat bed, that bent the frame deployed all the airbags and killed the oil pan on the Navigator. Total cost of repairs 59K dollars cost of vehicle 65K. And that was with a lower labor rate. The insurance company refused to total the vehicle becuase it was less than a year old at the time of the accident. It took 2 months for our bodyshop foreman and service shop foreman to rebuild that thing from the ground up.
master debater
Joined: Nov 2002
Posts: 5,448
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From: md
Re: totaled?
they were going to total my 240 when it got backed into about a month ago. there was literally very little damage done- a couple scrapes on the hood, a chip in the headlamp, and a nick in the front bumper. the adjuster actually hooked me up because of the modifications done to the car, he knew the value exceeded the blue book. i was paid nearly $1600, i think the bb for a 92 240 hovers somewhere around 2200.
Registered Member
Joined: Feb 2004
Posts: 1,231
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From: Hampton
Re: totaled?
This makes no sense; thats no reason not to total a car, especially one that needs to be rebuilt from the ground up. Would you drive that thing? Because I sure as hell wouldnt.
Bro'd Out
Joined: Jul 2003
Posts: 11,674
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From: Capital of the South
Re: totaled?
i didn't even want to drive my car after the accident i had, around 25mph, it's like it's been tainted, molested. just not the same car..
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Joined: Jan 2005
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From: NoVA // Springfield
Registered member
Joined: Sep 2005
Posts: 13,854
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From: Germany
Re: totaled?
I think to keep the car you have to buy it from the insurance company... its a pain cause once its totaled its their property once they pay you...its almost like them buying it from you. At least when my merc got totaled with USAA