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they only take your deductible out of your settlement check. and they pay the car off. but some insurance companies will add in that the pay off is in your settlement check and then you just pay it off. good luck manQuote:
Originally Posted by RareGMFan
I'm a tad bit lost, are they giving you $6,000 or $1,000-$2,000?Quote:
Originally Posted by RareGMFan
Dboy - What I was saying is by the time everything is done (value of car, minus deduction for previous damage/condition, minus $100 deductible, minus $1,400 still owed on it, etc), I'm not going to be left with jack.
Ok, guys. Interesting turn of events. I don't know why, or how, but now they're saying I CAN buy it back. I called the inspector's manager, and basically explained how this was going to utterly screw me over right now, and how I can't understand why other alternatives weren't discussed (used parts, take some of the cosmetic repairs off the bill and I'll fix them myself, etc). He said to let him look at the case and get familiar with what's happened, and he'll give me a call back.
Well, instead of him calling me back, the same inspector that looked at my car called, telling me I can retain the vehicle. I was a bit stunned, but I wasn't going to push my luck and inquire too much into why, or how. So this is the break down right now:
not sure what the starting value was
- $960 for previous damage
- $900 to buy back car (seems a bit expensive, but oh well)
- $100 deductible
-$1450 left on loan
=$2100 + I get to keep the car
At least this way I get to keep the car, and have a few bucks to take care of anything that's messed up in the suspension. Only things left that I want to ask about tomorrow is how having them pay off the rest of my loan affects my credit, if at all, and as a salvage title car, can it still be insured like a normal car.
Sounds great! Congrats on the turn of events. You'd have to have the car fixed so it's "Safe" to drive on the road and have your state inspect it and than you can insure/register it as a normal vehicle with a rebuilt title. I used to have a Dodge Charger that got stolen and we did the same thing. They don't care about the lights on in the dash but mostly that the car runs and drives like it should, hope this helps a little.
?? So they are giving you $2100 and you keep the car? I dont understand?
Basically yeah but he has to fix it himself.Quote:
Originally Posted by 98GTPCALGARY
Yes. After everything is deducted, I'm left with $2,100, plus a salvage title (I presume) car.
Dboy, are you saying I can't legal drive or insure the car till it's inspected? That could throw a huge wrench in things too if I can't get around to getting that done right away.
Well that's pretty much what I suggestedQuote:
Originally Posted by RareGMFan
Yes, that's what I wanted to originally do myself, but as I said, legally, this isn't supposed to be possible. I don't know how, or why they're doing it, but I'm not going to ask too many questions.
see the world isn't all that bad..lol
some beaver almost ran me off the road today...remember friends!!..stay in your lane when turning. she actually had the nerve to honk and give me dirty looks....asians drivers...:(
4 lanes of traffic, 2 each way, i had a green light to turn left, i waited for the cars to go by and i had an opening, it's not a green arrow, but it's legal, i have one car coming towards me but she is turning to her right, which is the same road i will be on as soon as i turn, we meet at exactly the same time and she thinks it's perfectly fine to run into my lane and into me....:(
you are correct. it doesnt take but about 45 mins for then to inspect it and then. you have to option to send off for a a rebuilt title and wait FOREVER for them to process it and then mail it back or you can drive there yourself and they do the paper work and then you will receive it in the mail within 2 weeksQuote:
Originally Posted by RareGMFan
Christ. Every time I think I have a solution, something else pops up. The whole point of getting the car back was because I need a car NOW. If I'm going to have to wait to fix a few things, get it inspected, send in for a title, etc, it's no better than just shopping for a replacement car.
I have to think this through yet again.
is it still driveable as it sits right now?
Yes that's what I'm saying. If you let them take it what's the total cash you'll have on hand, don't forget we've got a dealership and I think I've got a car for you :D.Quote:
Originally Posted by RareGMFan
I'm going to find out today. If they can get it in right away, I want to have Haggerty get it up in the air, and see if anything's wrong with the suspension.Quote:
Originally Posted by carl06GT
ya see if its driveable right now and then if it is. then buy it back and fix what you need to to drive it and then slowly fix everything thing else and then when you have time take it and have it inspected. no ones gunna know thats its been totaled.
How far is it from home to work, if you can get it safe, you got the plates still just drive it to and from work while you rebuild it and get it safe for inspection,
If i were you, i would buy back the car and part it out, then buy a regal gs.
Let me know if you decide to part it out, shotie on the roof rails :p
Well, I talked to the adjuster, as well as my agent, and they both said the car will still be perfectly legal, and insurable, though I can only get liability till it's repaired, and the agent has seen that it's fixed. Right now, I don't care. So long as she drives OK, and will get me around for at least a few weeks, that will be just fine with me. Tomorrow night will be the big night, as I'm dropping off the rental in the morning, and driving my car back home (signed the "we are not responsible for what happens from here on out" form, and took my key from the dealer). I went to put the wheels on tonight. While the front one was off, I looked at the outer tie rod, control arms, etc, and everything seemed OK. After tightening the replacement wheel down, I tried wiggling the tire up and down, and left and right, and then turning the steering wheel. There seemed to be no play, so I'm fairly confident she's fine. I couldn't break the freaking lug nuts loose on the rear wheel, so I may just throw a few bucks at the shop to do that for me tomorrow, and then off I go. I double checked with my agent that towing will still be covered/reimbursed if something happens on the way home, and he said yes, so everything is a go. One way or another, she's coming home with me tomorrow night.
I just want this thing to safely and reliably run, so I don't have to worry about renting a car out of my pocket, and can take my time with the truly ugly part; negotiating the settlement. :th_shakinghead1:
let us know the update on the settlement and how things go at the dealership