Notices
992 GT3 and GT2RS Forum 2019-Current
Sponsored by:
Sponsored by:

Flooded 992 GT3

Thread Tools
 
Search this Thread
 
Old 10-23-2022, 06:46 PM
  #16  
raymort
Rennlist Member
 
raymort's Avatar
 
Join Date: Apr 2021
Posts: 3,832
Received 2,252 Likes on 1,141 Posts
Default

Originally Posted by thuggo
Jesus...for a current bid of 19.5k......thats almost worth it for parts.
I’ll buy the plastic side skirts, under panels, and front black bumper parts!!
Old 10-23-2022, 09:47 PM
  #17  
wisky
Rennlist Member
 
wisky's Avatar
 
Join Date: Feb 2006
Location: Ridgewood New Jersey
Posts: 658
Received 99 Likes on 44 Posts
Default

Make sure you know what a Certificate of Destruction title is and what it entails.
The following users liked this post:
WCGhost (10-24-2022)
Old 10-23-2022, 09:49 PM
  #18  
raymort
Rennlist Member
 
raymort's Avatar
 
Join Date: Apr 2021
Posts: 3,832
Received 2,252 Likes on 1,141 Posts
Default

Originally Posted by wisky
Make sure you know what a Certificate of Destruction title is and what it entails.
Any info to share?
Old 10-23-2022, 10:00 PM
  #19  
redmonkey928
Rennlist Member
 
redmonkey928's Avatar
 
Join Date: Aug 2014
Posts: 2,828
Received 334 Likes on 233 Posts
Default

Originally Posted by raymort
Any info to share?
Never allowed to be titled again, or legally driven on the road in simpler terms. Ie. at best it would be a track only car.
Old 10-23-2022, 10:03 PM
  #20  
raymort
Rennlist Member
 
raymort's Avatar
 
Join Date: Apr 2021
Posts: 3,832
Received 2,252 Likes on 1,141 Posts
Default

Originally Posted by redmonkey928
Never allowed to be titled again, or legally driven on the road in simpler terms. Ie. at best it would be a track only car.
This is incorrect.
Old 10-23-2022, 10:03 PM
  #21  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,798
Received 4,109 Likes on 2,353 Posts
Default

Dibs on the buckets.
Old 10-23-2022, 10:04 PM
  #22  
usctrojanGT3
Rennlist Member
 
usctrojanGT3's Avatar
 
Join Date: Feb 2013
Posts: 16,798
Received 4,109 Likes on 2,353 Posts
Default

Originally Posted by redmonkey928
Never allowed to be titled again, or legally driven on the road in simpler terms. Ie. at best it would be a track only car.
Interesting....so the next level up from salvage title huh?
Old 10-23-2022, 10:05 PM
  #23  
raymort
Rennlist Member
 
raymort's Avatar
 
Join Date: Apr 2021
Posts: 3,832
Received 2,252 Likes on 1,141 Posts
Default

https://www.txdmv.gov/node/4828
Old 10-23-2022, 10:05 PM
  #24  
raymort
Rennlist Member
 
raymort's Avatar
 
Join Date: Apr 2021
Posts: 3,832
Received 2,252 Likes on 1,141 Posts
Default

Looks like some bidders don’t want us bidding…
Old 10-23-2022, 10:14 PM
  #25  
redmonkey928
Rennlist Member
 
redmonkey928's Avatar
 
Join Date: Aug 2014
Posts: 2,828
Received 334 Likes on 233 Posts
Default

Originally Posted by raymort
This is incorrect.
Sorry but it is not, you are referencing a salvage title certificate. A certificate of destruction (or a junk title) is different and it cannot be retitled in any state. I also have ZERO interest in that car to be clear, just sharing there is a large different between a salvage title and certificate of destruction.
The following users liked this post:
GT3 Mike (10-25-2022)
Old 10-23-2022, 10:17 PM
  #26  
raymort
Rennlist Member
 
raymort's Avatar
 
Join Date: Apr 2021
Posts: 3,832
Received 2,252 Likes on 1,141 Posts
Default

Originally Posted by redmonkey928
Sorry but it is not, you are referencing a salvage title certificate. A certificate of destruction (or a junk title) is different and it cannot be retitled in any state. I also have ZERO interest in that car to be clear, just sharing there is a large different between a salvage title and certificate of destruction.
Ah. Ok. Sorry. I saw salvage somewhere.

Old 10-23-2022, 10:23 PM
  #27  
redmonkey928
Rennlist Member
 
redmonkey928's Avatar
 
Join Date: Aug 2014
Posts: 2,828
Received 334 Likes on 233 Posts
Default

Originally Posted by usctrojanGT3
Interesting....so the next level up from salvage title huh?
Yep, typically when damage is >80% of the value of the car a certificate of destruction, or total loss, is declared. Cant legally be titled for road use once that declaration is made on the car. Parts or scrap at that point, or in this case suppose it could live on the track and get trailed to and from.
Old 10-23-2022, 10:26 PM
  #28  
raymort
Rennlist Member
 
raymort's Avatar
 
Join Date: Apr 2021
Posts: 3,832
Received 2,252 Likes on 1,141 Posts
Default

Originally Posted by redmonkey928
Yep, typically when damage is >80% of the value of the car a certificate of destruction, or total loss, is declared. Cant legally be titled for road use once that declaration is made on the car. Parts or scrap at that point, or in this case suppose it could live on the track and get trailed to and from.
What’s the benefit to the insurance company to do destruction vs salvage title?
Old 10-23-2022, 10:28 PM
  #29  
raymort
Rennlist Member
 
raymort's Avatar
 
Join Date: Apr 2021
Posts: 3,832
Received 2,252 Likes on 1,141 Posts
Default

Question is whether this is truly a destruction title.

It lists the car as automatic, but it is actually a MT.
Old 10-23-2022, 10:30 PM
  #30  
redmonkey928
Rennlist Member
 
redmonkey928's Avatar
 
Join Date: Aug 2014
Posts: 2,828
Received 334 Likes on 233 Posts
Default

Originally Posted by raymort
What’s the benefit to the insurance company to do destruction vs salvage title?
If I had to guess it is less about the car itself and more about future mitigation. The risk of damage is enough that it is easier to pull it off the road entirely and avoid future issues. Just my wild guess and two cents.
The following users liked this post:
raymort (10-23-2022)


Quick Reply: Flooded 992 GT3



All times are GMT -3. The time now is 01:55 AM.