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05-22-2013
Hey all, I have (had) a 2002 GTP. I was recently in an accident and the car was totalled. Damages are at 5500, car is valued at 8000. So I can either get $8k cash or $8k - salvage value of the car and the wrecked car. Don't know the salvage value yet. Kinda bummed, really loved this car, only had 47,000 miles on it. Anyone have any advice on what I should do? Take the money or try to fix the car?
05-22-2013
Pics of the damage?
Originally Posted by W-Body Store
05-22-2013
http://i.imgur.com/x2V4K3B.jpg
Oil on the road, spun out on an on ramp into incoming traffic. Clipped on the right side by a jetta.
05-22-2013
That doesn't look bad at all. I would keep that and fix it in your free time if you have the ability.
Originally Posted by W-Body Store
05-22-2013
How bad is the passenger side? If not I would just keep the car and fix it.
05-22-2013
sounds like someone dont know how to drive. Drivin on oil slicked roads from black top all the time, even directly behind the oil truck, never slipped once.
05-22-2013
Your probably right, ithurtz. I'm paying the price now.
05-23-2013
You are from Jersey.. I've seen my share of your drivers skills ... I'll cut you a break.
Thing is.. do you want to try to fix it or make more by parting it out? Most would just get the moola and run.
05-23-2013
$8K? Better take the money before the insurance company realizes they paid you for two cars.
05-23-2013
i'd take the 8k since you can get a way better car for that
05-23-2013
It's a Grand Prix ill take the $8k and run chances are you wouldn't have gotten $8k selling it. Plus they're a dime a dozen.
05-23-2013
If it were me, I'd take the 8k and put a down payment on a GTO...
but if you really liked the car, depending on the salvage value of the car and what you will have left over, you could get a used bumper, fender, stuff you need, order in a nice F1/SD/GTX hood, the SD lip, polished grills of your choice, custom headlights, etc... and have a whole new look and the car still.
your choice.
Originally Posted by AmericanSoldier
05-23-2013
take the money an run
05-23-2013
If someone offered me 8 grand for my car i'd feel bad and have to give them some back.
05-23-2013
Take the money and fix it.
05-23-2013
damn!!! 8k! take it and run! a friend of mine bought his 04 gto w/75k for that
05-23-2013
Curious how that is 5500 worth of damage.
05-23-2013
damage dont look to bad but id def take the 8k dude
05-23-2013
You could take the money, but you aren't gonna find a 47k GTP, those are not a dime a dozen... That said, an item's VALUE is only what someone is willing to pay for it. Same goes for the car... YOU must make the value based decision on whether to keep it, fix it, or let it go...
Personally, I would fix it as TOTALLED to me means that the body, engine and drivetrain are shot and irreparable! I've fixed all my cars that have had accidents, but that's just me.
Good Luck no matter your decision!
05-23-2013
Labor is probably about 80% of that. They estimate total repair cost, not part cost.
Originally Posted by W-Body Store
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