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Four wheels move the soul
Join Date: May 2008
Posts: 38
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914 being called totalled
My 1975 914-4 was read ended and the other party insurance company says its going to total my car instead of repairing it.
Has anyone dealt with their 914's being declared as totalled before? What is the value of the car that you have got and from which insurance? |
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Registered
Join Date: Jan 2004
Location: Northern Virginia
Posts: 3,347
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Totaled usually implies a cost of about 70% of the cars value to repair. Depending on the condition of your car, yes, a rear end collision could "total" it out.
Show some pics of your car and your damage. Just because they "total" it out, doesn't mean you can't buy it back and fix it yourself if you are that attached to it. Depending on condition, They are $500-$15,000. Where does yours fall? How much was it insured for? Actual value? Just comprehensive?
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1970 914-6 Past: 2000 Boxster 2.7, 1987 944, 1987 924S 1978 911SC, 1976 914 2.0, 1970 914 w/2056 |
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Four wheels move the soul
Join Date: May 2008
Posts: 38
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I'm planning to buy back the car even if they total it out. But I wanted to know how much would be a fair price if it is totalled. My cur runs strong, is a daily driver, and has signs of rust only on the trunk lid. Craigslist indicates a condition of my car to be around $5000 but nadaguides say it could be $7000. Considering the accident is not my fault and how difficult its is to find a good 914 or repair it, should I accept it if the insurance company pays me less than $7000 or maybe even less than $5000 ?
I have comprehensive full coverage. they don't have a value on the policy. But for this particular case , I'm dealing with teh insurance of teh otehr party who rear ended me |
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Registered
Join Date: Sep 2002
Location: Oakland, CA
Posts: 926
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Quote:
----------------------------------- "My car is currently at Yeaman's Auto Body for an insurance claim. The now famous rock at WCR2010 Teeners at Tahoe. I got some good advice from Rick in Duluth MN and headed off the adjuster before he could even breath the words 'totalled'. I had the Excellence Nov '09 issue valuations. I had NADA Classic Car Values which shows a peak value of $17.5k for the 914 2.0. I had several ads from people selling their cars in the $18K level. I had an ebay ad for a car like mine selling for $22K. In the end, the adjuster turned to Scott Yeaman and said, "what are these things worth" to which Scott responded "it's tough to find a fair one for less than $10K and this one is worth $18K at least. These are not throw-away cars anymore. The values have climbed quite nicely." ----------------------------------- Do your homework and you should be able to convince them not to total your car ... Andy
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>> 1970, 914-6, 3.6L (Conversion) >> 1970, 914-6, #374 (Original) >> 1975/73, 914 Limo (Custom) |
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Four wheels move the soul
Join Date: May 2008
Posts: 38
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Thanks SirAndy! This helps me a lot, I now know what to look for.
If possible do attach a picture of the Nov 09 914 market update pages |
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