RE: Sad day for the mopar world.

[Jim Jablonski <jim@xxxxxxxxxxxxx>]

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Depending on what he has in it, it might be worthwhile to buy it back 
for parts, transferring the go fast stuff into a new body with a clean 
title?

Jim Jablonski
Royal Oak, Michigan
'64 Fury

Earl Helm wrote:
> 
> Ben,
> 
> Dave is giving you some good advice. I would caution you on one issue 
> in some states. When you buy a car back from an insurance company that 
> has been totaled, then it becomes a "Salvage" title. This can be a 
> stigma 
> when trying to sell the car in the future. No bank or lending 
> institution
> will 
> loan money on a Salvage title car. Just something else to keep in the 
> back 
> of your mind.
> 
> Earl
> 
> Ben -
> 
>     The first thing you need to do is put together some information you can
> use to argue with his insurance company.
> 1. How much money you've got into the car 2. How much it would cost 
> today to
> replace your car with one exactly like it (start clipping ads from the
> autotrader, look it up in a price guide, etc).
> 
> That way when they say they'll give you $600 to total it, you can set 
> the
> magazine in front of them and tell them to find another one for $600. If
> they still total it (but now for more money), you can buy it back for 
> next
> to nothing and not be nearly as screwed as if you'd settled up front.
> 
> Dave Casey
> 
> 

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