Major accident
#1
Major accident
Unfortunately my 1996 C4S was hit hard last week in the right side rear. I am the original owner, car has about 110,000 miles on the clock. Car is Polar Silver with black standard interior
Car was in excellent condition, motor had a split-case overhaul at 75,000, new clutch/flywheel and new alternator. Everything else up to date and in good shape
I would appreciate some estimates on what car was worth before the crash. I may need to argue with the insurance company. Any assistance would be appreciated.
Car was in excellent condition, motor had a split-case overhaul at 75,000, new clutch/flywheel and new alternator. Everything else up to date and in good shape
I would appreciate some estimates on what car was worth before the crash. I may need to argue with the insurance company. Any assistance would be appreciated.
#3
Rennlist Member
Sorry to hear about the accident. Hopefully no one was hurt as that's what really matters most.
As for your question. If you're a member of the PCA they will provide a valuation service for free and carry more weight than anything we might be able to suggest. KBB is also pretty close to market value these days, although the value won't take the engine out overhaul into account which obviously adds value a prospective buyer.
As for your question. If you're a member of the PCA they will provide a valuation service for free and carry more weight than anything we might be able to suggest. KBB is also pretty close to market value these days, although the value won't take the engine out overhaul into account which obviously adds value a prospective buyer.
#5
Rennlist Member
Mileage will likely be your biggest obstacle with the insurer,to them its simply another 16 year old vehicle
if the repairs were done within the last say 24 months I'd imagine they should bear a higher valuation,
that withstanding probably the upper end of current market...Bert
if the repairs were done within the last say 24 months I'd imagine they should bear a higher valuation,
that withstanding probably the upper end of current market...Bert
#7
Agent Orange
Rennlist Member
Rennlist Member
So sorry to hear this! Is it deemed a total loss?
My car is identical to yours - 110K mile 1996 Polar Silver C4S. I have a couple of PCA evaluation letters (one from 2009 and one from last year IIRC) and would be happy to email them to you. I get them every couple of years for that reason - to argue with ins co if something happens to the car. They evaluated it in the high 40s I believe. I know that's more than what a buyer is willing to pay.
KBB says around $32K for a car in excellent shape but I think that's low.
So the true value IMO is somewhere in the middle. High 30s more than likely. Please keep us posted.
My car is identical to yours - 110K mile 1996 Polar Silver C4S. I have a couple of PCA evaluation letters (one from 2009 and one from last year IIRC) and would be happy to email them to you. I get them every couple of years for that reason - to argue with ins co if something happens to the car. They evaluated it in the high 40s I believe. I know that's more than what a buyer is willing to pay.
KBB says around $32K for a car in excellent shape but I think that's low.
So the true value IMO is somewhere in the middle. High 30s more than likely. Please keep us posted.
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#8
Addict
Rennlist Member
Rennlist Member
I would personally be surprised with high 30s for a 110k miles car. My guess is low 30s, if that.
But... wait for insurance company to come to you. They very well might offer more than you expect. If not, do a little ebay search, look at PCA classifieds, look at Rennlist classifieds and gather datapoints to present to insurance company. Look at Autotrader and cars.com as well.
Don't forget that they owe you sale tax on whatever value they calculate, although I'm far from sure that there tax on cars in GA.
The bottom line is that they owe you a replacement car. In other words you should be able to go out tomorrow and buy another '96 993 from a dealer without bargaining. That means that prevailing asking prices is what they owe you, essentially.
But... wait for insurance company to come to you. They very well might offer more than you expect. If not, do a little ebay search, look at PCA classifieds, look at Rennlist classifieds and gather datapoints to present to insurance company. Look at Autotrader and cars.com as well.
Don't forget that they owe you sale tax on whatever value they calculate, although I'm far from sure that there tax on cars in GA.
The bottom line is that they owe you a replacement car. In other words you should be able to go out tomorrow and buy another '96 993 from a dealer without bargaining. That means that prevailing asking prices is what they owe you, essentially.
#10
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one owner! dang!!
high mileage 1996 would be a $35k car at market, you would need $40k to replace it all the same....
If they dick you around below 35k, take 30k for car and keep the wreck.
Wreck has at least 15k worth of bounty. Doors, seats, bumper, hood, wheels, engine/tranny etc....
Would you look for another 993 or buy a newer carrera 997/991?
high mileage 1996 would be a $35k car at market, you would need $40k to replace it all the same....
If they dick you around below 35k, take 30k for car and keep the wreck.
Wreck has at least 15k worth of bounty. Doors, seats, bumper, hood, wheels, engine/tranny etc....
Would you look for another 993 or buy a newer carrera 997/991?
#11
Drifting
Unfortunately my 1996 C4S was hit hard last week in the right side rear. I am the original owner, car has about 110,000 miles on the clock. Car is Polar Silver with black standard interior
Car was in excellent condition, motor had a split-case overhaul at 75,000, new clutch/flywheel and new alternator. Everything else up to date and in good shape
I would appreciate some estimates on what car was worth before the crash. I may need to argue with the insurance company. Any assistance would be appreciated.
Car was in excellent condition, motor had a split-case overhaul at 75,000, new clutch/flywheel and new alternator. Everything else up to date and in good shape
I would appreciate some estimates on what car was worth before the crash. I may need to argue with the insurance company. Any assistance would be appreciated.
#13
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Join Date: Aug 2011
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Sorry to hear this....
Cautionary tale for all of us
I just switched to agreed value with Leland West through PCA
60K no questions asked
I hate insurance companies
Cautionary tale for all of us
I just switched to agreed value with Leland West through PCA
60K no questions asked
I hate insurance companies
#14
RL Community Team
Rennlist Member
Rennlist Member
I would say $32-34k with those miles.
#15
Addict
Rennlist Member
Rennlist Member
I too think the miles will lower the value, but the "S" adds some back in. I think $35 is prob the range personally, but here's what I did a few years ago with a similar problem:
1) Provided receipts and such to insurance.
2) Waited for their low ball and made it clear it was unacceptable, and made it clear that I would keep coming back for everything owed to make me whole.
3) I ignored KBB and other "sources" of dubious value to the 993 market, but I did use Excellence, ads in Panorama and other Porsche-specific magazines/pubs (including Rennlist), got a letter from PCA, talked to mechanics, and provided about 30 pages of such material to the insurance company.
4) Channel Winston Churchill...never, ever, ever, ever give up.
If I recall they came up over 20% from their initial offer.
Good luck.
1) Provided receipts and such to insurance.
2) Waited for their low ball and made it clear it was unacceptable, and made it clear that I would keep coming back for everything owed to make me whole.
3) I ignored KBB and other "sources" of dubious value to the 993 market, but I did use Excellence, ads in Panorama and other Porsche-specific magazines/pubs (including Rennlist), got a letter from PCA, talked to mechanics, and provided about 30 pages of such material to the insurance company.
4) Channel Winston Churchill...never, ever, ever, ever give up.
If I recall they came up over 20% from their initial offer.
Good luck.