[Z06] crashed Z06 on e-bay
http://cgi.ebay.com/ebaymotors/04-Z0...QQcmdZViewItem
The seller says it is "light all around accident damage" .... so how come the insurance company declared the vehicle a "total loss" and paid it off ??? Something's not right with this story .....



The Best of Corvette for Corvette Enthusiasts
If I could have bought a Z like this for $14k with a certified undamaged frame, already completely street legal, I would buy it and drive it that way. Put a front bumper on it and drive for $15k or so. Makes a nice track car. Of course, a good corvette mechanic in my employ would have to agree and independently access the frame & mechanical condtion.
It can't go for much more than high teens because of resale--even if you fix it, it always has a salvage title.


those pics just make me twitch..Gotta wonder wtf he hit, or hit him.. or if he had fun doing it .. whatever it was, it hit hard on the PS fender ..
I dunno if the CF hood is repairable, reasonably anyway.




As for why the insurance company totaled the car maybe the owner insisted on it. He would have been in the command position if another driver was responsible for the accident.
Bill
The car in the ad (before the accident) is worth at least $30,000 and insurance companies "total" a car when the repair cost is more than 80 percent of the car's value. In this case, the insurance company had to have decided the cost of repairs is MORE THAN $24,000 ....
My girlfriend recently "totaled" her Pontiac, so I'm quite familiar with how the insurance companies deal with this. I was surprised initially that it was "totalled", but after talking to the body shop guys, quickly came to understand that, for example, the body shop's in my area's rule of thumb is $5,000 JUST for the two airbags and SDM ... which includes labor, dashboard damage, steering wheel cover (and other parts in it) damage, often a cracked windshield ... turns what looks like "no big deal" into an expensive one pretty quickly. Another example ... the car in the ad posted above is gonna need a full repaint with all that body work ... another $5,000 (or more) right there .... so we're at $10k and haven't even started to repair the actual damage.
If I damage my $30,000 car, and say the damage is $5,000 .... the insurance company will NOT "total" the car, no matter how much I insist. At best, they'll give me a check for the $5,000 and if I'm not happy with the car, it is up to me to sell it, repaired or not. NO WAY an insurance company is gonna "total" a car with, say, $5,000 in damage to it when the car is worth $30,000, they understand the issues involved in a salvage title and what that does to the re-sale value. They're not gonna take the hit ... they'll pay you for the damage and walk.
Again, maybe your policy allows you to control when the vehicle is a "write-off" ... but I'm not sure I'd like to be paying your premiums ....












