Forum Discussion
Flapper
Jan 20, 2017Explorer
bid_time wrote:
Have insurance company fix it, ...
That is the issue. Because the current repair quote is more than 70% of the current value, they won't pay to fix it, only total it. I could, however, buy it from them at scrap value, and then use the remainder to have it repaired, with maybe a small bit to pocket.
But that only works as long as:
There aren't any hidden conditions (hence this post about ways to get better intel on looking for any beforehand).
AND - I don't mind losing most resale value because it would then carry a "salvage" title. (I don't)
The other angle I may have is that they missed a significant amount of options and upgrades in their estimation of market value. So if it gets reassessed above that 70% breakpoint, then...
But, they hold all the cards, so I won't hold my breath over that strategy!
I'll probably just end up taking the money. But it's kind of like taking the dog to the vet. You know they are very sick. And the vet can see there is something wrong. But they can't diagnose it without exploratory surgery. So there is a possibility the dog may have something curable, but.....
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