Cars are getting old: total, savage, rebuild titles ?
02-07-2020 | 06:53 PM
#16
Race Car
Joined: Dec 2006
Posts: 3,508
Likes: 166
From: Toronto
Haha that made me laugh!
Small consolation for losing that car. A mint 89 black cab with new black and tan leather interior and rebuilt engine with upgraded pistons etc - think i paid $22k. Bought from California and drop in my driveway 2 weeks before getting smashed by some 17 yr old. But i think they paid me 2x what i paid plus the profit on the sale which then got me in to my 993.
Small consolation for losing that car. A mint 89 black cab with new black and tan leather interior and rebuilt engine with upgraded pistons etc - think i paid $22k. Bought from California and drop in my driveway 2 weeks before getting smashed by some 17 yr old. But i think they paid me 2x what i paid plus the profit on the sale which then got me in to my 993.
02-07-2020 | 08:27 PM
#17
Rennlist Member
Joined: Jun 2006
Posts: 11,484
Likes: 558
From: Toronto Canada eh!
Sometimes you can get good leverage with buying back the car depending on what salvage value they put on it.
My 1989 cab got slammed by some idiot not looking before turning left in front of me; car had been in the country for 2 weeks
We agreed on the payout as they totaled it; with a bent frame etc i really didnt want the hassle to get the car back anyways. But I asked them how much to buy the car back and they said $3k. Was surprising to me as knowing the damage was all in the front and the engine was fine, i figured someone might pay more so agreed to buy it back for $3k
Somewhere in this process they kinda figured it out and said that they now wanted $8k. I told them we had agreed in writing to a price and deal was done.
So bought it back for $3k and sold it for $11.5k 2 weeks later to a guy who had the shop/capability to straighten out the frame and fix it. Win/win except for the insurance co.
My 1989 cab got slammed by some idiot not looking before turning left in front of me; car had been in the country for 2 weeks
We agreed on the payout as they totaled it; with a bent frame etc i really didnt want the hassle to get the car back anyways. But I asked them how much to buy the car back and they said $3k. Was surprising to me as knowing the damage was all in the front and the engine was fine, i figured someone might pay more so agreed to buy it back for $3k
Somewhere in this process they kinda figured it out and said that they now wanted $8k. I told them we had agreed in writing to a price and deal was done.
So bought it back for $3k and sold it for $11.5k 2 weeks later to a guy who had the shop/capability to straighten out the frame and fix it. Win/win except for the insurance co.
