OMG only 5 weeks with car!!!
12-13-17, 06:08 AM
#16
Driver
Thread Starter
there is no question that the car can be repaired to be as good as new with the correct equipment and skillful bodywork. I am not a subscriber to this myth that it will never be the same if repaired either. With insurance companies however, it's essentially a numbers game and totaling a car has nothing to do with whether or not it's repairable, as anything can be fixed.
Its a 2009 with 68K miles
the retail cost to repair that car by a body shop will likely approach $18k-$20K so there's a very good chance it'll end up a total since salvage value is probably somewhere around $10K as is.
The math looks like this:
Actual cash value (ACV) = $30K (throwing a number out there)
Salvage value = $10K (estimate of what the car would bring at auction in its damaged state)
Estimated repair cost = $20K (preliminary). There are always supplements so this can go up and usually does go up.
The net difference between ACV and salvage value + estimated repair cost is essentially a wash, therefore it's easier to total and close the file quickly, instead of dealing with the hassle, having to warranty the repair, deal with body shop, pay for a rental, etc. Even if it initially looks less costly to repair, insurance companies will typically total a vehicle when it gets close.
these numbers are only estimates of course, as i don't know the specifics of the OP car (i.e. year, mileage, etc).
Its a 2009 with 68K miles
the retail cost to repair that car by a body shop will likely approach $18k-$20K so there's a very good chance it'll end up a total since salvage value is probably somewhere around $10K as is.
The math looks like this:
Actual cash value (ACV) = $30K (throwing a number out there)
Salvage value = $10K (estimate of what the car would bring at auction in its damaged state)
Estimated repair cost = $20K (preliminary). There are always supplements so this can go up and usually does go up.
The net difference between ACV and salvage value + estimated repair cost is essentially a wash, therefore it's easier to total and close the file quickly, instead of dealing with the hassle, having to warranty the repair, deal with body shop, pay for a rental, etc. Even if it initially looks less costly to repair, insurance companies will typically total a vehicle when it gets close.
these numbers are only estimates of course, as i don't know the specifics of the OP car (i.e. year, mileage, etc).
12-15-17, 04:18 PM
#19
I think it can be fixed professionally between $5,500 and $6,500. 7 years ago a guy with a Dodge Ram pick up backed up and hit my son's car (1999 GS400) the damage was the front grill, Radiator support, Radiator, condenser, and the hood. The body shop's estimate was $7,400, and the insurance decided to pay us $10,500 and total the car, we refused , and told the insurance that we will take the car and fix it, and not to total the car . The insurance agreed, and payed my son $6,700.00, i ended up fixing the car for $2,400.00 (brand new OEM hood $400.00, condenser $200.00, Radiator $230.00, and OEM grill $95.00 used (e.Bay), the rest was Labor & painting the hood.
12-18-17, 08:53 AM
#22
Driver
Thread Starter
Ok fellas here’s the scoop so I removed my car from Lexus so called collision center because they were taking to long to give me a repair estimate 4 days with car and not one phone call or anything. So a buddy of mine owns a high end repair shop and I had the car transferred there. Today the insurance went out and they are going to repair the car and bring it back to it’s former glory! Completion date is January 15th. Now my buddy will let me go in his shop to look at progress and I will post pictures on here so you can see the repair process!
12-18-17, 02:43 PM
#24
Oh wow I thought for sure it would be just totaled out and called a wrap. At least it will be fixed but I'm weird like that, I wouldn't still want it, just would try and find another. In my head it "losses its essence" but that's just me lol. To each his own and I'm glad it is getting fixed and your car will be back in a couple weeks
12-18-17, 04:19 PM
#25
^^^As long as they fix it well, sometimes it can bring you closer to your car. Now you two have been through a crises together and should bond. She took a hit, kept you safe and is still rolling. Respect!
Sometimes you need to pay homage to the car kharma gods and be happy and just let it go. There’s nothing to say that you wouldn’t sell this one, buy another, and have a similar thing happen.
Sometimes you need to pay homage to the car kharma gods and be happy and just let it go. There’s nothing to say that you wouldn’t sell this one, buy another, and have a similar thing happen.
12-18-17, 06:30 PM
#26
Driver
Thread Starter
$8600 and the threshold for total with Erie insurance was $22K adjuster told me that Supplements will happen throughout the repair process and could add a few grand more but will not get no where near close to being totaled.
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EJC (03-25-18)
12-18-17, 08:28 PM
#27
Id be surprised if this doesn't end up costing closer to double that estimate. Let us know how it turns out. Good luck with the repairs and i hope it comes out perfect.
12-19-17, 08:45 AM
#28
Please keep us updated. I'd be shocked if the price of repair doesn't quickly climb above initial estimate.
Also, if full repairs do go through, be sure the car is align-able within spec.
Also, if full repairs do go through, be sure the car is align-able within spec.
01-02-18, 04:52 PM
#29
Driver
Thread Starter
Update!!!! Not so fast fellas but car has just left body shop and going into paint shop tomorrow. Super excited and I was able to see the repairs first hand they look spot on!! New quarter and bumper sit flush and exactly where they should be, trunk area looks great and exactly how it should be repaired. Now I don’t have pictures because I’m waiting till the car is finished to post them. Don’t worry it will be worth the wait. Some upgrades I should mention while in the shop, sikky intake, 14 ISF led fogs light, new Brembo rotors and brake pads, calipers will be painted burnt copper, weather tech floor Matt’s that I never got a chance to install because of the accident lol, spec-d tailight that are slightly smoked compliments to the bodyshop lol.
two bonuses that came with the car (amp kit) and I will post a picture of the second one.
two bonuses that came with the car (amp kit) and I will post a picture of the second one.