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Re: 1999 Viggen Totally Destroyed in accident Posted by TPLS SWD [Email]  (#2637) [Profile/Gallery]
(more from TPLS SWD) on Mon, 27 Apr 2020 12:04:33
In Reply to: Re: 1999 Viggen Totally Destroyed in accident, GPG, Mon, 27 Apr 2020 11:04:38 Members do not see ads below this line. - Help Keep This Site Online - Signup |
First - holy crap, that's crazy! Very glad your son was able to walk away, that's why we drive Saabs. Saabnet used to have a thread of Saabs that saved lives, maybe a good picture to add if it's still alive. Cars can be replaced, and even if they can't, it served its ultimate sacrificial purpose here.
OK, without seeing the car before the crash, I'll presume it was in good shape. Certainly looks like you cared well for it from this. Having full records and lots of photos will help a lot in showing it's pre-crash condition. Most likely insurance will default to rank your car at "average condition" so make sure it is appropriate. Be very careful and thorough as you recommend condition. Is it really "perfect" or did it have any standard wear? How was the bumper, the leather, the doglegs, the pixels, etc. You get the point. If it was showroom - push for top value, but if it was just really really clean, be honest about that.
I will call this out right away, most every standard insurance policy has a call-out for aftermarket parts or mods. Basically, they will not pay more than a nominal adder for any of these items, often like $500 if anything. Its in the policy, you signed the policy - let that go. Fighting to get compensated for mods will almost never pay out. Focus big picture.
One owner cars, fully documented, are worth more, and a good statistical analysis can control for this.
Also, insurance will probably say there is a set cost per mile above the average of their comparables. I'd guess they try to say $0.01/ miles, though they will never support why they say that. What I've seen is mileage is more of a sliding scale. The difference in value as mileage goes up is huge at first and then minimal at the high end. Example, we all know a 30,000 mile car is worth way more than a 60,000 mile car - but the difference between 150,000 and 180,000 miles (same 30,000 mile difference) is very minor. Again, a linear regression model will help show this, but what I found was above 120,000 miles, values decrease closer to $0.007/ mile, and that number continued to shrink over 150,000 miles.
Also good for you, LB 3drs are a one-off deal. Almost all were 1999 cars and basically all 1999 Viggens were LB 3drs. So no comparing across years - that's easier. Also good for you, a couple of cars around 100,000 miles were recently listed close to the $10,000 mark in the northeast, which brings up values.
I would start by meticulously looking over as many forums as you could, and record details (and screenshots) of every 1999 Viggen for sale right now you can - don't leave any out no matter condition. Then, I'd probably run an overall analysis of the full set to see how much each item (mileage, condition, owners, accidents, etc) are affecting value. Use this data to determine what your sample says yours should be worth. Then, I'd focus just on clean title cars, drop the highest and lowest asking prices, and run it again. Probably close but maybe a little higher value for you, which is nice too.
I'd start there and see what you get. If this number is close to what you had in your head, then you are on the right track. Then its all about how much you want to push this. Insurance companies have deep pockets and even though they normally can't afford to fight one out (and it doesn't makes sense for them to because of the cost vs settling) they can always surprise you. Secura Insurance sure took mine to the mat.
If you go to court though; when the judge asks how you got your value and you explain your analysis (and in my case, that my background is in quantitative economics and statistical analysis, and I'm a well respected collector); and then the insurance company's lawyer says he isn't sure but its some company that works only for insurance companies who ran an analysis and won't explain how its done and it only used 3 "convenient (low value)" cars vs how many you used - that look the judge gives is priceless.
Best of luck to you - let me (or the rest of SaabNet) know how we can help!
->Posting last edited on Wed, 29 Apr 2020 13:25:23.
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, Thu, 14 May 2020 17:28:41, Mon, 27 Apr 2020 17:25:42, Tue, 28 Apr 2020 08:44:54, Thu, 14 May 2020 17:26:27, Thu, 14 May 2020 18:38:29, Thu, 14 May 2020 20:11:101, Fri, 15 May 2020 06:53:04, Sat, 16 May 2020 03:44:33, Sun, 17 May 2020 19:03:14, Sun, 17 May 2020 19:47:011, Fri, 22 May 2020 11:49:20, Fri, 12 Jun 2020 17:35:56, Thu, 14 May 2020 17:20:26, Tue, 28 Apr 2020 10:17:02
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