Was your 914 totalled by an insurance co.?, If you bought it back, for how much? |
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Was your 914 totalled by an insurance co.?, If you bought it back, for how much? |
rjames |
Jan 7 2010, 10:26 AM
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#1
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I'm made of metal Group: Members Posts: 3,928 Joined: 24-July 05 From: Shoreline, WA Member No.: 4,467 Region Association: Pacific Northwest |
Thankfully I'm not asking this question because anything happened to my car. The question came up because my wife's Ford Taurus was hit a while back. The insurance companay totalled it and we had the option to buy it back for the 'estimated auction price', which turned out to only be $60. A no brainer since all I had to do to get it back on the road was pull a small dent out of the rear fender and prime/paint the area.
So it got me wondering how much it would have cost to buy back a 914 that had been deemed 'totalled' by an insurance company. Anyone interested in sharing what it cost you if you've been unfortunate enough to have to go through this? |
Spoke |
Jan 7 2010, 10:41 AM
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#2
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Jerry Group: Members Posts: 6,978 Joined: 29-October 04 From: Allentown, PA Member No.: 3,031 Region Association: None |
When my 71 was totaled, the insurance co wanted $1000 for me to buy it back. This may seem high but then again they gave me $7800 for a totaled 71 1.7L rust bucket and I wasn't about to complain about paying $1K to get it back.
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rmital |
Jan 7 2010, 11:24 AM
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#3
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Northeast optimist Group: Members Posts: 1,947 Joined: 12-December 05 From: Park Ridge, NJ Member No.: 5,268 |
1973 1.7L totaled while getting painted...yeah, really
paint shop insurance company paid out $9,500 I bought back for $300 ...happy ending, but it did take a few years off my life... (IMG:style_emoticons/default/headbang.gif) |
orange914 |
Jan 7 2010, 03:19 PM
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#4
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http://5starmediaworks.com/index.html Group: Members Posts: 3,371 Joined: 26-March 05 From: Ceres, California Member No.: 3,818 Region Association: Northern California |
the problem (if you consider it a problem) is when you buy it back it becomes a "salvaged title" that lowers resale. in ca. anyway it requires a lamp and brake cert. to put on the street.
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Chris Hamilton |
Jan 7 2010, 11:47 PM
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#5
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Senior Member Group: Members Posts: 611 Joined: 7-March 06 From: Berkeley, CA Member No.: 5,687 |
I had to claw and fight to keep my title, but they tried to say my '70 with 64k original miles, brand new custom motor and tranny, with 40mm carbs, rollbar, racing seats, alloys, etc were totaled for like $4k and the buyback would have been $700.
Something that caught my eye: The cost breakdown from Allstate showed that my perfectly balanced, blueprinted, shuffle pinned, rabbit rods 2.0 with forged pistons, chromoly pushrods, electronic ignition, custom heads and dellorto carbs added $50 to the value (IMG:style_emoticons/default/biggrin.gif) |
number6 |
Jan 8 2010, 12:05 AM
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#6
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Member Group: Members Posts: 352 Joined: 14-September 08 From: portland, or Member No.: 9,546 Region Association: Pacific Northwest |
I had a clean '75 1.8 totaled back in early 2003. Insurance paid $5500, in addition to covering all expenses, including towing and rental for several weeks. Buying the car back cost $400, which was a no-brainer, since I was only lightly rear-ended. Impact on resale value was negligible because everything was well documented, with plenty of supporting photos. In hindsight, I wish I had known (how) to fight to keep the title clean, if for no other reason than to keep the branding off an otherwise super solid car, which will no doubt be on the road for many more decades. I adored that car and felt I let it down. Live and learn.
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johnnie5 |
Jan 8 2010, 12:24 AM
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#7
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914 lover Group: Members Posts: 375 Joined: 14-October 08 From: San Diego, CA Member No.: 9,644 Region Association: Southern California |
I had a very nice '75 in the late '80's that a girl rear ended. I was waiting at a red light and she was going about 45 applying her lipstick in her rear view mirror. She was in a 3 week old Jetta. Both cars were a total loss, along with my back. The cops had no problem figuring out the cause when they arrived, I guess the red lipstick line all the way up this girls face kinda gave it away. Her insurance company paid me $4K for my car, less $300 to keep it and part it out. Dumb bitch.
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hot_shoe914 |
Jan 8 2010, 12:48 AM
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#8
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on ramp passer Group: Members Posts: 3,802 Joined: 20-November 07 From: Earle, Ar. Member No.: 8,354 Region Association: None |
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SUNAB914 |
Jan 8 2010, 07:58 AM
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#9
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Senior Member Group: Members Posts: 698 Joined: 29-December 08 From: Fredericksburg VA Member No.: 9,880 Region Association: South East States |
500.00 to buy back, in 1986.
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orange914 |
Jan 8 2010, 09:04 PM
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#10
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http://5starmediaworks.com/index.html Group: Members Posts: 3,371 Joined: 26-March 05 From: Ceres, California Member No.: 3,818 Region Association: Northern California |
the insurance company gave me right at 6000.00 then charged me 400.00 to get it back with a clear title. ouch, a little windex and soft rag... it'll wipe off (IMG:style_emoticons/default/sad.gif) how did they give you a clean title??? |
hot_shoe914 |
Jan 8 2010, 11:48 PM
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#11
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on ramp passer Group: Members Posts: 3,802 Joined: 20-November 07 From: Earle, Ar. Member No.: 8,354 Region Association: None |
the insurance company gave me right at 6000.00 then charged me 400.00 to get it back with a clear title. ouch, a little windex and soft rag... it'll wipe off (IMG:style_emoticons/default/sad.gif) how did they give you a clean title??? I Guess that is just how they do it in Tennessee. A few months ago my daughter drowned my Honda Accord and insurance company totaled it. They deducted 400.00 from my settlement check and I retained the car with current title. |
Gint |
Jan 9 2010, 07:50 AM
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#12
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Mike Ginter Group: Admin Posts: 16,070 Joined: 26-December 02 From: Denver CO. Member No.: 20 Region Association: Rocky Mountains |
I had a clean '75 1.8 totaled back in early 2003. Insurance paid $5500, in addition to covering all expenses, including towing and rental for several weeks. Buying the car back cost $400, which was a no-brainer, since I was only lightly rear-ended. Impact on resale value was negligible because everything was well documented, with plenty of supporting photos. In hindsight, I wish I had known (how) to fight to keep the title clean, if for no other reason than to keep the branding off an otherwise super solid car, which will no doubt be on the road for many more decades. I adored that car and felt I let it down. Live and learn. I'm pretty sure that at least in Colorado, if you can prove the car has been repaired you can clear the "salvage" label form your title. You might want to check into that. |
TravisNeff |
Jan 9 2010, 09:05 AM
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#13
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914 Guru Group: Members Posts: 5,082 Joined: 20-March 03 From: Mesa, AZ Member No.: 447 Region Association: Southwest Region |
71 914, totalled 1993. Ins paid 5900, bought it back for $500.
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sww914 |
Jan 9 2010, 12:21 PM
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#14
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Advanced Member Group: Members Posts: 2,439 Joined: 4-June 06 Member No.: 6,146 Region Association: None |
In Ca, it's up to the insurance co. to report the salvage to the DMV. I've bought 4 totals from insurance companies (not Porsches) and only 2 of them had salvage titles. I got lucky on one, I begged the adjuster on the other one.
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burton73 |
Jan 9 2010, 02:28 PM
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#15
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burton73 Group: Members Posts: 3,515 Joined: 2-January 07 From: Los Angeles Member No.: 7,414 Region Association: Southern California |
Back in the early to mid 80’s in California you did not get salvage titles you got your car-totaled. Pinks slips came backs clear. This was a problem and people needed to look at cars to make sure that a used 911 was not made up of 2 cars. I do not remember when the law changed to salvage only. I bought my 1st. 914 in 1978 – It was a 1974. It was from a salvage yard. Someone put it into a curb and twisted the trailing arm and well I got it will a new trailing arm and the engine and trans. was out of the car. With pink.
Bob |
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