OMG only 5 weeks with car!!!
Last edited by BennyISF; Dec 11, 2017 at 05:25 PM.
Sorry to see and hear about your luck. Glad you're ok. ISFs seem to be very tough cars....haven't heard of anyone getting injured in a wreck with them.
Hope you can get it squared away or either back into another F soon!
V.
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I was happy when mine was officially totaled out. The thought of holding onto a car that I knew would never be the same worried me. And the fact that the resale value dropped significantly from that moment, I couldn't get that out of the back of my mind. Or even worse, having a rebuilt title. Good luck selling that for any decent amount. It was a huge relief when mine was totaled out.
. Anyways, I have 100000 more miles on that car and it still drives perfectly after the fix. I actually used that accident to get some updated headlights, etc. I called it a 50000 mile refresh!
Last edited by Jz39; Dec 12, 2017 at 07:05 PM.
. Anyways, I have 100000 more miles on that car and it still drives perfectly after the fix. I actually used that accident to get some updated headlights, etc. I called it a 50000 mike refresh!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).








