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Watch for it to show up at a Copart auction or L.A. Dismantler’s soon.
Why would the car show up there? If written off I thought they couldn't sell it again? Or it would have to be a salvage title correct?
Originally Posted by NiteJav
Push for way more then 130k. Its 140k at auction maybe. Unless the car had like 40k miles on it or something.
The cheapest 16 Turbo S you can get from a Porsche dealer today is around 150k. Sales tax alone is another 9-10 grand depending on where he lives in AZ. Its the other persons fault they should make your friend whole.
Slight correction I just check up Manheim. 130 is way too low. I also sent you a PM. This isn't even retail, this is what dealers are paying.
thanks...passed your PM on to the owner...he will re-engage most likely I think he said something about his insurance USAA had to confer with the other person's insurance company to agree to the write off amount...and that is how the $130k came about. Accident occurred in Phoenix, AZ.
Co-part is an auction typically utilized by those looking to obtain wrecked vehicles. Typical cars are insurance write offs. Buyers could be those looking to strip the car for parts, maybe buy multiple cars of the same make and model and make one good one. Almost everything there has title issues, or if they don't they are pretty rough.
How do you get diminished value on a car that is totaled???
If the total loss amount is market value, then market value covers the diminished value. Where there will likely be a fight is if the insurance company that is totaling the car says the car is worth X and market based on a dealer's appraisal is Y.
