Totaled the beloved Mustang (pictures)
#22
Nah guys, it wouldn't have been worth it to me to fix her, because it would be very difficult to someday sell the vehicle. I had already bought the car and had her blow up 3 months later. I salvaged the vehicle and got $10,500. I guess I'm moving on to a new vehicle, right now I have a Chevy Cruze for a rental car... FML. haha
#24
Yes, the quote started at $8,800, then with my deductible they planned to give me $8,300. However, at the tow shop they informed me that it is a good idea to tell the insurance about any "add-ons" such as new tires or dealership-certified engine/transmission related rebuilds and replacements AFTER the quote is given. So I waited for a hard copy of their offer, then faxed them additional paperwork stating that Ford had installed a new engine. This, along with new tires and a new clutch, bumped up the insurance's offer. I was hoping to get more, because I paid $6,000 to have the engine and clutch installed, but I took the offer anyway because I figured if I fixed the car, I'd NEVER be able to sell it, especially if it had frame damage.
#25
Also, it said on the paperwork that the average 2000 GT is supposed to have like 128,000 miles on it or something. Mine had 75,000. Pretty sure that had a lot to do with the valuation considering NADA does not take into consideration the mileage of a vehicle when evaluating a car's worth.
#26
mileage absolutely plays a factor. When I write total losses at work I look at mileage, and we do TONS of condition ratings that play a huge role as well. Also, salvage value can swing the settlement a good 1-2k sometimes. I think thats a awesome price for it man, start fresh
#27
You should buy the car back, and use it for parts
my 5.0 got hit, the insurance totaled it, cut me a check for 4150, and then i bought it back for 130$, just to resell it the next day for 1300 more lol
my 5.0 got hit, the insurance totaled it, cut me a check for 4150, and then i bought it back for 130$, just to resell it the next day for 1300 more lol
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