new member crashed my 993 need parts help!!!
#16
Nordschleife Master
#18
Rennlist Member
Just throwing out numbers:
Value of car before: $35K
Salvage value in buyback: $8K
Settlement to owner: $27K cash + car
Cost to repair: $12K (guessing high, but play along)
Value of repaired salvage title car: $20K
Ends up being a wash. Now, play with the numbers in the real world of this car, and maybe it works out a few thou in the owner's favor. But not too much more than that.
#20
I really want to keep the car and fix it up, I have a personal attachment to this car and every year more and more are crashed and sent to the junk yard for parts, I have a moral obligation to keep these cars on the road. Even if I could make some money in the process I just think this our weighs it!!
#22
Burning Brakes
Maybe, maybe not. Just depends what your basis in the car ends up being once you're done.
Just throwing out numbers:
Value of car before: $35K
Salvage value in buyback: $8K
Settlement to owner: $27K cash + car
Cost to repair: $12K (guessing high, but play along)
Value of repaired salvage title car: $20K
Ends up being a wash. Now, play with the numbers in the real world of this car, and maybe it works out a few thou in the owner's favor. But not too much more than that.
Just throwing out numbers:
Value of car before: $35K
Salvage value in buyback: $8K
Settlement to owner: $27K cash + car
Cost to repair: $12K (guessing high, but play along)
Value of repaired salvage title car: $20K
Ends up being a wash. Now, play with the numbers in the real world of this car, and maybe it works out a few thou in the owner's favor. But not too much more than that.
The insurance guy comes to look at the car. He tries to open the engine compartment and couldn't. Wrote 'stuck' on the appraisal. Then he pops the hood, looks in and writes, "engine missing". The car was totaled. The owner asks, "I'd like to buy it. What's the salvage cost?". Appraiser: "$300".
You never know what may happen.
#23
Rennlist Member
I read a story recently on Pelican about a 93 RS America that was stolen. Several weeks later it was found at a chop shop (the guy went to jail). The roof was missing and some other items but other than that is was mostly intact.
The insurance guy comes to look at the car. He tries to open the engine compartment and couldn't. Wrote 'stuck' on the appraisal. Then he pops the hood, looks in and writes, "engine missing". The car was totaled. The owner asks, "I'd like to buy it. What's the salvage cost?". Appraiser: "$300".
You never know what may happen.
The insurance guy comes to look at the car. He tries to open the engine compartment and couldn't. Wrote 'stuck' on the appraisal. Then he pops the hood, looks in and writes, "engine missing". The car was totaled. The owner asks, "I'd like to buy it. What's the salvage cost?". Appraiser: "$300".
You never know what may happen.
Bottom line on that car is that he/someone could take what's left of my RSA #1 with the tagged rear quarter, an clean title, and 42K original and be way ahead of the game in trying to graft something back together.
#24
RL Community Team
Rennlist Member
Rennlist Member
Up front I would verify that the uni-body is strait before spending time rebuilding it. I have personal experience driving before /after a 928 and a 924s that were majorly smacked and rebuilt. They looked great after the repair but didn't feel right when driving them, both felt dead in the steering wheel and the body did not have the characteristic body stiffness feedback. The worst outcome would be to take the time and effort to reconstruct the car just to find out it is no longer a joy to drive and just having to live with it.
Andy
Andy
#25
Rennlist Member
Having been through the total-purchase from insurance company-rebuild drill with a '66 912 (A much simpler car than the 993), I can say that unless you have, or have access to, the appropriate tools and expertise, this process is not for the faint-of-heart. Make sure you have a straight, sound platform to build back to before you strike a deal with the insurance company. Otherwise, you could be in for lengthy, unpleasant experience that results in a less that perfect car.
Good luck....
Good luck....