What is the value of a wrecked 85 911?

[Racerbvd]

Originally Posted by Hoegenauer

Settlement was $25K (the limits of my coverage)
Less roughly $1000 for all towing (3 times) plus storage fees
Less $250 deductible
Less $2750 for retained salvage (this was the only break I had in the process)

Final check amount $21K plus retainage of the car. Aside from the towing and storage, this is the best case scenario I could have with my policy limits. Of course I could have elected a check for $23,750 and surrendered the car. This is a far cry from the initial offer of $14,003.00 + tax ($14,911.19).

I suppose I could go after additional from the driver but I think the risk/reward evaluation is unfavorable for a return. If he was illegal, uninsured, and ran from the scene - I think my odds of collecting on a judgment would be slim.

I will likely be closer to whole if I part the car. It is safely in my barn as of today.

My biggest regret (other than the accident itself) was not having higher coverage limits. I would not have sold the car for $23,750 but given the circumstances I think it is the best I could have negotiated.

There is a Targa roller with your name all over it for sale cheap in the For Sale area, let the heart of your car live through that one.

[COLB]

Since the car's true salvage value is likely well over $10k, you came out about as well as could be expected. Maybe right at market value -- deducting the PITA factor.

Now you just have to decide what to do with the car.

Unless there is sentimental value involved, I would sell it as is, and start over.

[Matt Monson]

Agree with Colb. Once you sell the wreck you can buy a replacement, even in today's crazy market.