Quote:
Originally Posted by Shaun 84 Targa
Thanks for all the replies, I told him to let it go. Was hoping we could rebuild it for a train or nanny car or winter beater for him. But my other question was, how do you buy a car back from the insurance company? I've always wondered about that.
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Varies by state and I don't know the rules for MA. In general you are buying back the salvage from the insurance company. Ins. Co. in most cases is required by state to process the title over to a salvage title. Owner buys it back with salvage title. Depending on the state you can have the car inspected once repairs are made and the state will assigned a new VIN and brand the title rebuilt. Check your states website for salvage rules. Ins. Co. would expect to see 25-45% of the value of the car as a salvage return. Again it all varies by state.
My guess would be total loss. Damage does not look that bad but parts $$ will be killer on that car and an Ins. Co. is not going to touch used airbags for safety reasons. Down here it'd be picked up by a rebuilder and not parted. Too many people with not enough money or brains want to ride in a Merc even if it means a rebuilt title and 20+% interest at a note lot. -J