Wrecked 05' 6spd
#11
RE: Wrecked 05' 6spd
See you guys are saying all the things that i said to my girlfriend before she convinced me to let her drive the car...and she had only driven it a handful of times before this accident. guess this is one of those live and learn things right? and in the end she is ok so thats all that really matters. got to love insurance. how much do u guy figgure the insurance buy back will be on it so i can part it out?
#14
RE: Wrecked 05' 6spd
With my company, we get 5 or so salvage bids on a wrecked vehicle. We will allow the insured to keep the car for the same amount as the highest bid. It can be fairly unpredictable. A rule of thumb with us is about 15% of the value of the vehicle. Sometimes it is less, sometimes it is more.
Many large insurance companies use salvage auction companies like Copart Salvage. We don't use Copart as they have never gotten good returns for us. If your company does use Copart, they will probably allow you to keep the vehicle for a certain percentage of the car's value. Likely 10-15%.
Many large insurance companies use salvage auction companies like Copart Salvage. We don't use Copart as they have never gotten good returns for us. If your company does use Copart, they will probably allow you to keep the vehicle for a certain percentage of the car's value. Likely 10-15%.
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simzealot
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12-17-2007 11:47 PM