My Jag is done
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Joined: Dec 2011
Posts: 36
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From: Los Angeles
Addicted
It's been a few weeks since the accident, and I'm still driving around in my bruised jag, with the insurance payout burning a hole in my pocket. I've decided that an S-type is still the only car for me. I guess I'm addicted, because most s-types today have 100k miles, and will probably be a lot more trouble than they are worth. But once you've experienced it, I guess there's going back!
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Joined: Jun 2010
Posts: 3,135
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From: No. NJ
+1 It's really crazy for all of us. This is what worries most of us with really nice, low miles examples - one careless idiot destroys not only your great bargain but in many cases a car you're quite fond of.
I have a friend and he's in the wholesale car auction business from time to time.
If a car is hit in the rocker panel area or has been repaired there it's an immediate total for them. Event just an innocent dent.
We're all liability crazy in this nation.
I have a friend and he's in the wholesale car auction business from time to time.
If a car is hit in the rocker panel area or has been repaired there it's an immediate total for them. Event just an innocent dent.
We're all liability crazy in this nation.
Hi Mikey,
I agree that that I should buy a new car if the repair costs more than the replacement.
However, because the cost of an insurance repair is based on factory parts, there is a cascading set of consequences:
1. Even a minor repair will cost more than a replacement car.
2. Once that has been determined, the car title is forever a "salvage", making the car almost worthless on the used market.
If the car title was not salvage, it would be worth it to me to fix with used parts, and the I could keep my car.
So, that's the part of the system I don't like.
I agree that that I should buy a new car if the repair costs more than the replacement.
However, because the cost of an insurance repair is based on factory parts, there is a cascading set of consequences:
1. Even a minor repair will cost more than a replacement car.
2. Once that has been determined, the car title is forever a "salvage", making the car almost worthless on the used market.
If the car title was not salvage, it would be worth it to me to fix with used parts, and the I could keep my car.
So, that's the part of the system I don't like.
Last edited by Staatsof; Oct 28, 2014 at 06:10 AM.
Senior Member
Joined: Jan 2012
Posts: 335
Likes: 72
From: Alabama
So, you are proposing that the insurance company pay more to repair the car than the current market value of the car? Okay. I will assume that with those changes in insurance regulations, you won't be opposed to paying more at premium renewal to cover your newly defined coverage, right?
So, a $7,000 repair on a 1978 Chevy Impala 4-door 6-cylinder with an AM radio gets a repair even thought it isn't worth $1,500 on a good day?
Deal me out.
So, a $7,000 repair on a 1978 Chevy Impala 4-door 6-cylinder with an AM radio gets a repair even thought it isn't worth $1,500 on a good day?
Deal me out.
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Joined: Jun 2010
Posts: 3,135
Likes: 227
From: No. NJ
You're drawing a picture of an extreme example. Don't think that you're not already "paying" for these cars that get totalled.
Yes in a lot of cases it's a financial impossibility but there are also some practices by insurance companies which do push the cars into salvage.
Years ago they used to fix cars more readily, I had a few ...
This whole salvage title issue bugs me. In the OPs case if he found a safe way to fix the car it seems unreasonable to force a salvage title on the car. It has to be a safe and proper repair though.
Yes in a lot of cases it's a financial impossibility but there are also some practices by insurance companies which do push the cars into salvage.
Years ago they used to fix cars more readily, I had a few ...
This whole salvage title issue bugs me. In the OPs case if he found a safe way to fix the car it seems unreasonable to force a salvage title on the car. It has to be a safe and proper repair though.
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Member
Joined: Dec 2011
Posts: 36
Likes: 5
From: Los Angeles
Thank you
To wrap this up, I sold my jag to a friend who specializes in restoring cars. If anyone can get the work done for a reasonable price, it's him.
I spent the insurance money on a 2006 S-Type 4.2 with navi and a blue-tooth kit and 100K miles. Feature-wise, it's an upgrade. There are a few issues that I will post on a separate thread, but overall I am pleased.
Thanks, all for commiserating.
I spent the insurance money on a 2006 S-Type 4.2 with navi and a blue-tooth kit and 100K miles. Feature-wise, it's an upgrade. There are a few issues that I will post on a separate thread, but overall I am pleased.
Thanks, all for commiserating.
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