Totaled vehicles...sometimes surprising.
I’ve often wondered how the large numbers of “rebuilt” vehicles with “light damage” for sale can be real and not just a line of bs by the seller. Had one example years ago. Guy at work literally “ta...
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Had a 1968 Fiat 850 Sedan I bought from my brother in 1969.
Being a 'young, dumb, full of it' teenager I rolled that little car crushed the roof in, blew out both front/rear windshields and dinged up the front end
Took 4 months for parts to be shipped from Italy before repairs could be done
Paid my deductible and went on down the road.
Sold it later that year and bought a 1968 Dodge Charger 'Yellow' with rear stripe.
Now a days.........air bags deploy/totaled, fender bender/totaled, bumper dented-grill broken/totaled
Insurance companies use Total Loss Formula (TLF) which is:
"Cost of Repair + Salvage Value > Actual Cash Value"
Majority of States ---75% is deciding factor
Being a 'young, dumb, full of it' teenager I rolled that little car crushed the roof in, blew out both front/rear windshields and dinged up the front end
Took 4 months for parts to be shipped from Italy before repairs could be done
Paid my deductible and went on down the road.
Sold it later that year and bought a 1968 Dodge Charger 'Yellow' with rear stripe.
Now a days.........air bags deploy/totaled, fender bender/totaled, bumper dented-grill broken/totaled
Insurance companies use Total Loss Formula (TLF) which is:
"Cost of Repair + Salvage Value > Actual Cash Value"
Majority of States ---75% is deciding factor
