Got the quote for the buy-back price:

Good news is that the price is....
















$2,000

I **** you not, I would be stupid not to buy it back.

But the bad news:
















Insurance is only giving me $24,600, which is less than I was hoping for. I was looking more around $26-$27K for the car. Anything else I can do to use leverage on the quote? Perhaps using the fact that it's rare and a specialty vehicle will help in my leverage? I need advice on that.


Pepe

 

Scratch the $26-$27K, I meant to say high $25's to mid $26's

 

where did u get hit? any pics??

 

That's why you buy the gap insurance on a new car.

 

Pepe,
Find adds for cars that have about the same mileage as yours and are in about the same condition. Present them to the insurance company and they will likely adjust their quote. If you can prove that the valuation they are giving is low you might be able to get more out of them. You can negotiate with them to a point, but don’t expect miracles.

Best wishes,
f86sabre

 

I'll see what I can do.

I told my dad to get GAP insurance when he handled the financial matters of purchasing the vehicle, but guess he didn't.

ARGH

Pics are in the wreck thread.

 

dude, you are lucky you got that. You are telling us they are totaling it and paying off the car and you can buy it back for 2,000? Then you can part out the car and make more money on it. Not a bad deal.

 

$2k?!?!?!? You'd be dumb not to buy that. The car isn't even that bad!! Sure, it's prolly totalled due to the frame being bent, but there is so many things you could take off of it.

 

hell you can make up the 2 grand just selling some minor parts, wing, seats, rims, etc. then the engine, tranny and sorts can make up your difference. i think you are gonna be OK on this deal.

 

Hey if you don't buy it I'LL BUY IT, lol. Seriously, you will make more than the $1-1.5k difference in insurance payout my friend.

 

The 'totalled' payout price paid by the ins company is negotiable. Do what F86sabre said. Find some prices that are more in the range of what you want to be paid for your totalled car. Present them to the insurance company.

This will likely slow down the check cutting process. So if you can do without the cash for a few extra weeks, it's worth it to negotiate.

Good luck! And buy it back!

SC~

 

I am buying it out for sure, but I am still haggling with the price on the car.

$24,600 is too low, I expected around $25K-$26K for it.

I'm gonna see if they can offer $24,600 + the car.

Wish me luck guys.

I got three choices to make

1) Fix it and sell it as is

2) Fix it and make it a total track car

3) Part it out and sell it.

 

$24600 is an excellent deal since you can buy a brand new Evo for $26k.

 

Not getting another Evo right now, or another car for that matter.

I'm only 19, and I do not want to be buried in car payments until I'm out of school.

Just spend $3K on a beater and save the rest, and focus entirely on school, and get not one, but 2 Evo's and an M Coupe after I'm finished with school

I guess this wreck was more of a liberation, now that I think about it.

 

Misunderstanding: When I said another car in the first sentence, I meant another new car for that matter. My apologies.