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insurance buy back question didnt know where to post

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Old Sep 18, 2002 | 11:37 PM
  #1  
kaneda3's Avatar
kaneda3
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From: pittsburgh
Default insurance buy back question didnt know where to post

ok so my friend has a 4th gen civic hatch with a built b18a1 and turbo kit along with coilovers and kosei rims
he was rescently in an accident where it was the other drivers fault

the problem is the damage is about the same as the cars book value
and hes afraid to report it because he has close to 8grand in mods

so if the r title the car how hard is it for him to buy it back
and if the book value is 3200 what can he expect to pay for the car?

thanx for your time
kaneda
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Old Sep 19, 2002 | 07:23 AM
  #2  
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From: Santa Rosa, Ca
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there is a few ways to going about this.... first have them total it and get paid for the modifications by presenting reciepts ( if his insurace company allows this), get paid for the damage if the car isnt totalled. Buy the car back after they total it while getting a salvage title on the car or which Ive done in the past a few times ask the most they will pay "you" before totalling the car or putting a salvage title on the car.... and use the money that was paid to fix and mod out your car more without worrying that you decreased the vaue of the car with the salvage title
(Sorry if this didnt make total sence cuz Im drugged out on vicoden right now weeeeeeeeeee)
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Old Sep 19, 2002 | 12:02 PM
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well if it the other drivers fault than i would take the reciept in to their insurance and make them pay for it, if not find a good lawyer and get some extra cash if the other insurance is being a @itch. Or you can just do what the rest say see how much they are willing to pay for the car and if and than ask to by the car or make a deal with the insurance.
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Old Sep 25, 2002 | 08:15 PM
  #4  
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fastludeh22
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From: ga
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after a car is totaled you will get first chance to buy back, since it was yours to start with...its usally no more then a few hundred dollers...i hope he got a police report.
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