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Re: Salvage Title and Value
Posted by David Prantl (more from David Prantl) on Sun, 23 Apr 2000 18:11:32
In Reply to: , Kok Chen, Sat, 17 Dec 1988 12:00:00 

I can't help much with the PA salvage title issue, but be sure that there is 
no such rule in MA.  There, you can buy back your damaged vehicle from the 
insurance company, and there is no title work required of any kind, since 
there was no salvage yard possession involved.

Think about it like this.  If the car was worth $2400, and the insurance had
it fixed for $2400, would it still end up with a salvage title ?  I think
NOT. Who says you wouldn't take the settlement, buy the car back, and THEN
spend $2400 of your own money to fix it. You would then end up with the car
fixed the same way as if the insurance did it, had the car been worth $400
more to start with.

In short, there's no logical reason to force a salvage title on a vehicle 
just because it has had more $$ spent on it's repair/maintenance than it's 
worth to an insurance adjuster.  Is there ?

Here's some recent value info:

N.A.D.A.
Appraisal Report
Older Used Cars - Imported
Winter 2000 - Consumer Edition
February 9, 2000

SAAB (Swedish)

1986

9000

Body Style:  Sedan 5d Turbo
Model Number:  CD5
Weight:  2,835
Low Retail:  $1,850
Average Retail:  $2,875
High Retail:  $4,200


You may be able to get with your insurance company, and convince them that 
your car was indeed worth more than $2k before the accident.  They'll will 
likely put the vehicle into the Low or Average category, and then randomly 
determine what repair expenditures would have been necessary BEFORE the 
accident took place for the vehicle to be worth it's category value.  Like 
this:

'NADA retail is $2875, but your vehicle would have needed $875 worth of 
repairs before the accident to qualify.  Therefore, it's adjusted value is 
$2k.'

If you want to keep the car, they'll determine what you could sell it for at 
salvage, and deduct this from the $2k.  What's left is what they'll offer to 
give you in addition to the damaged car.

Best regards,

David Prantl
david_prantlno39sdcx6spamx782hotmail.com
'84 900S, 5M, 210kMi, RIP
'86 9000T, 5M, 178kMi
'88 9000S, 5M, 137kMi
'90 9000S, 4A, 133kMi
'89 900, 3A, 115kMi
'68 97 Sonett V4, 76kMi, #000467

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