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09-08-2010, 10:36 AM
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#1
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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question about "salvage value"
well the ins co called me today, they said the car is worth $9,000 apparently. i will be keeping the car but they have to get back to me on the salvage value so they know what to deduct. based on all your experiences, how does this all work? some people told me itd be like 500 bucks but i highly doubt that!
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01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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09-08-2010, 11:09 AM
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#2
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Join Date: Oct 2009
Location: Sicklerville, NJ (South Jersey)
Posts: 450
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This happened with an explorer of mine. My salvage value for it was 350. It was a 98 fully loaded 56k on odo. Im not sure how they get the number but the truck was deemed worth 6700 they deducted the salvage amount I got 6100(my ded was 250).
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1994 Z28 M6
Cat Back
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09-08-2010, 03:14 PM
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#3
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Join Date: Jul 2008
Location: NJ
Posts: 819
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It probably has something to do with its weight as scrap steel so 300-350 for a car is probably all it would be. Thats around what it seems to be for anything i've heard of that gets totalled. Can't say for sure though.
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09-08-2010, 03:18 PM
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#4
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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thatd be freakin sweet but i know my one buddy's salvage value on his 00 z28 was 1600-1800. havent heard much about any other 4th gen fbodies
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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09-08-2010, 03:55 PM
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#5
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Quote:
Originally Posted by 91chevywt
It probably has something to do with its weight as scrap steel so 300-350 for a car is probably all it would be. Thats around what it seems to be for anything i've heard of that gets totalled. Can't say for sure though.
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On a car with many usable parts, the value will be higher. Basically it will be the average price that a junkyard would pay for your car at auction.
- Justin
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1999 Camry - Beigemobile DD
2002 Suburban - Wife's DD
2004 Grand Cherokee - Not running / Project / Selling?
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09-08-2010, 07:35 PM
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#6
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Join Date: Oct 2008
Posts: 814
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It is usually 1/10th of the value. I have a buddy who recently wrecked his newer dodge ram truck, was a daytona edition. Blue book on the truck was 19k and change, he was told by insurance 2k to buy it back
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Formerly known as njbadaSS
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09-08-2010, 10:14 PM
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#7
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10 Second Club; Has fan club
Join Date: Dec 2005
Location: Delmont nj
Posts: 4,369
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1/10th of 9k = 900. thatd be awesome!
__________________
01' Z06 62k miles. Vararam, Longtubes, off road xpipe, tuned by me. Times TBA
2001 Corvette, Bolt ons , tuned 10.75@124.56 mph 1.38 60' Sold
1997 Saturn Sc1 5spd DOHC swapped
Bolt ons, decked head, stock intake cam on exhaust side, lotsa weight redux
13.22@102.32 mph 1.93 60'
12's on moda? One day
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09-09-2010, 10:37 AM
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#8
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Join Date: Apr 2006
Location: Point Pleasant
Posts: 1,809
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Yep I wanna say my buddy bought his $4500 cherokee back for $500 and change.
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-Vinnie
94 2wd SBSC Gmt400. 330CI LSX, Fast 102, Trickflow 205s, close ratio nv3500, 4.30/trutrac.
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