My SVX killed in collision. How much was it worth prior?
A few weeks ago my SVX was hit by another car. Now I'm dealing with the insurance company and trying to decide what I want to do.
First task is for me to make my own determination of my car's value before the collision, since I anticipate the insurance company is going to come back with something low. I'd greatly appreciate any information other SVX owners can provide, especially recent sales prices of comparable SVXs. More details on my car below. BTW, many thanks to Norm ("STORMINORMAN"), who has extensive experience handling insurance claims. He spoke with me at length and provided a great deal of helpful advice. About the accident: Quote:
|
Re: My SVX killed in collision. How much was it worth prior?
Info on my SVX:
Quote:
Pictures: [imageshack hosting links died] Notes: Quote:
Assuming the insurance company deems mine a total loss (likely), do I still want to fix mine? I'm leaning strongly away from that. As much as I'd like to keep this car, I think there's more damage than I want to deal with. Were I to decide to get mine repaired, does anyone know of a good body shop in or reasonably close to Atlanta? If I don't fix mine, do I want to buy another SVX? I still like the SVX more than anything else I've seen on the road, but it may be time to get something newer for my daily driver (I have no idea what I'd get, though). If mine is declared a total, I'll likely offer to rebuy it for the salvage price. Then I'd need to decide whether I want to A) keep as a source of parts for myself, B) part it out for others, or C) sell the whole thing to someone here on the board who's interested. Don't start posting replies or PMs with your requests yet — if I do this, I'll open a new thread for that in the appropriate forum. |
Re: My SVX killed in collision. How much was it worth prior?
If there's frame damage, I wouldn't do it. Not only is it a fortune to repair the damage, but from what I've heard those with frame damage are never the same afterwards. If they total it, I'd offer to rebuy it for the salvage cost, then start parting, or get one super cheap with a toasted engine or something like that, then put yours in. That way you can actually come out ahead with some cash left over. Figure $1000 for one toasted, $3000ish cash for your car, $300 to rebuy it, so $2700 net profit on that, minus $1000 for a new car with some engine work required, so your $1700 for "bonus" parts you didn't have before.
What sucks mostly, is that laguna's are so uncommon, and such a fantastic color, i hate to see any hit the dirt. |
Re: My SVX killed in collision. How much was it worth prior?
NADA retail on that car is $3450. They should come pretty close to that value on it. You might be able to get them to go a little higher since you have all the service records and everything to show that the car was well maintained.
|
Re: My SVX killed in collision. How much was it worth prior?
i would think real market price on a 96 one owner car, would be 4-6G with arguing it, if an lsl than more.. sorry that this happened. I estimate damages to be around 3500. so probably not a total. take the money, find used parts, fix er up. its mostly bolt on stuff (fender, hood, corner light, bumper skin, door, wheel, shock tower w mount, and hub, new window $. The hood can be reworked pretty easily. doubt the frame is touched at all.
|
Re: My SVX killed in collision. How much was it worth prior?
Im pretyy sure his is a 1995 because he mentioned L model.
|
Re: My SVX killed in collision. How much was it worth prior?
Quote:
You might want to brush up on the SVX history. :) The '96 was offered in L and LSi models. I specifically bought an SVX without the moonroof to gain the extra headroom. |
Re: My SVX killed in collision. How much was it worth prior?
10 characters.
|
Re: My SVX killed in collision. How much was it worth prior?
i know the kbb and nada are off on there prices, it really comes down to the shape and miles of the car,
i paid around 8,500 when the kbb was only 4,500 just because of the low milage, i would fight for it, and keep a record of all the svx that is the same year and milage and see what they are going for best of luck |
Re: My SVX killed in collision. How much was it worth prior?
use firefox and search craiglist via crazedlist.org.
It's a search engine that searches all craigslist postings. BW |
Re: My SVX killed in collision. How much was it worth prior?
That's going to be a total without any frame damage due to three things:
1. Suspension damage. 2. Prior damage. 3. The current economy. I know you said the prior damage shouldn't affect the total value of your pre-accident car value, but it will (if the insurance adjustor does his homework and finds out about the prior claim, that is). Since you settled the claim and didn't fix the car, the value of the previous claim is not on your car, so to speak. In other words, if the repairs would have been $500 and you didn't repair it, the car is worth $500 less. It has essentially had $500 "pulled out" of the car in damages and put into cash. As for the economy, you unfortunately are in a crappy time to have an accident. Car prices are down, so comp (comparative vehicle) prices are down. All that being said, you don't have to go with the adjustor's first pitch for a total loss settlement. If it seems too low, find your own comps and try to negotiate a higher price. Also, you'll probably want to retain salvage even if you don't repair the car. It's worth a whole lot more parted out than it is in salvage. Heck, the windshield and motor alone are probably twice the salvage value, not to mention the rest of the car. Good luck, and sorry to see a Laguna Blue in such dire straights! |
Re: My SVX killed in collision. How much was it worth prior?
Quote:
Technically, I have not yet settled the older claim — it's still open. So if I do decide to have the new damage repaired, I can still have the other insurance company fix the old damage. |
All times are GMT -6. The time now is 02:02 AM. |
Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
© 2001-2015 SVX World Network
(208)-906-1122