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01-26-2010, 02:23 PM
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#1
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Join Date: Apr 2005
Posts: 2,308
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Russo and Steele Disaster
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John
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01-26-2010, 02:50 PM
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#2
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Hoooooooooly crap
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2/20/2013: They Day the ****s Stopped
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01-26-2010, 02:52 PM
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#3
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Ayatollah of Rock N Rolla / Admin
Join Date: Mar 2006
Location: Parts Unknown
Posts: 12,573
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Surprisingly the damage claim is only $1.5 Million. I was a little surprised at that.
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01-26-2010, 03:26 PM
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#4
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13 Second Club
Join Date: Feb 2007
Posts: 875
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theres obviously something wrong with that figure. the convertible hemi cuda alone can get 1.5 million at the auction. something is wrong or fishy with that number, if indeed that is the official claim.
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yes, my hog is bigger then yours
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01-26-2010, 03:29 PM
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#5
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Ayatollah of Rock N Rolla / Admin
Join Date: Mar 2006
Location: Parts Unknown
Posts: 12,573
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Quote:
Originally Posted by EchoMirage
theres obviously something wrong with that figure. the convertible hemi cuda alone can get 1.5 million at the auction. something is wrong or fishy with that number, if indeed that is the official claim.
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Yeah, I don't know if anything was a total loss, or if the really valuable stuff ended up OK.
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01-26-2010, 05:57 PM
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#6
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Join Date: Sep 2006
Location: north jersey
Posts: 1,680
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omg thats insane, all of those cars
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01-26-2010, 06:06 PM
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#7
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Join Date: Feb 2005
Location: west orange nj
Posts: 2,415
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that sucks
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01-26-2010, 06:22 PM
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#8
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Join Date: Aug 2007
Location: Piscataway, N.J.
Posts: 1,729
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Quote:
Originally Posted by WildBillyT
Surprisingly the damage claim is only $1.5 Million. I was a little surprised at that.
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To keep the SHOCK number low they gave that estimate, but they had the decimal point in the wrong place. I would think $15 million is still low. I can't imagine the sick feeling that these owners had when looking at their cars. I get a headache if I notice a door ding in my 'Bird. Some of these cars will require months and years of work to restore and how many people will trust their cars to just anyone. These guys cannot be rushed and a LOT of these classic cars will require a huge amount of restoration! 
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1991 FORMULA 350-GONE BUT NOT FORGOTTEN
1 of 1,197 with L98 Option/13.79@100 mph
1994 25th ANNIVERSARY TRANS AM GT -1 of ONLY 2,000 made/ Only 128 made with a HURST 6-Speed Manual and 91 with T-Tops and Compact Disc/ K & N Filtercharger/Magnaflow Performance Muffler/Air Foil- ORIGINAL MINT Arctic White Ultra Rare SURVIVOR. DAYTONA 500 PACE CAR Decal Kit!
SOLD: 1989 Turbo T/A in 1991 it ran 12:18@115 mph
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01-26-2010, 06:30 PM
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#9
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Join Date: Apr 2006
Location: Point Pleasant
Posts: 1,809
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Gotta be alot of happy car owners that are gonna get some money back out of restos they cant get anywhere near full value for with the economy.
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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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01-26-2010, 06:30 PM
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#10
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Co-Founder / Site Admin
Join Date: Jul 2004
Location: Ewing, NJ
Posts: 22,476
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Not only will many of those cars require a ton of additional restoration type work - but what about all of the "survivor" types? They either lose that status, or get sold broken, and neither is good for the value.
- 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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01-26-2010, 06:32 PM
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#11
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Ayatollah of Rock N Rolla / Admin
Join Date: Mar 2006
Location: Parts Unknown
Posts: 12,573
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Quote:
Originally Posted by edpontiac91
To keep the SHOCK number low they gave that estimate, but they had the decimal point in the wrong place. I would think $15 million is still low. I can't imagine the sick feeling that these owners had when looking at their cars. I get a headache if I notice a door ding in my 'Bird. Some of these cars will require months and years of work to restore and how many people will trust their cars to just anyone. These guys cannot be rushed and a LOT of these classic cars will require a huge amount of restoration! |
Yeah, I'm not sure. Hard to tell without knowing if some of the stuff is real or not. Pillar or roof damage is brutal.
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01-26-2010, 06:45 PM
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#12
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Join Date: Aug 2008
Location: Sewell,NJ Washington Township
Posts: 2,416
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oh my god. that is horrible hah the roadrunner/cuda/trans am/camaro and eleanor. i would be crying if i had cars like that and that happend
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1995 Pontiac Firebird - V6 few mods
1988 Mustang - supercharged, heads/cam etc...
2012 Mustang - 5.0 6spd / 437rwhp 420trq
Quote:
Originally Posted by LTs1ow
Verts are gay and stalkers ride in them.
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01-26-2010, 06:48 PM
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#13
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Join Date: May 2007
Location: Jim Thorpe PA
Posts: 2,134
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Yeah the figure cant be right...someone is getting sued thats for shure. I would be super pissed if say I owned an emmaculate unrestored original car and that happened beyond pissed
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01-26-2010, 07:27 PM
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#14
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Join Date: Jan 2010
Location: Shamong, NJ
Posts: 1,358
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wow, talk about a disaster...
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1969 Camaro SS - 350 w/ some work done.
2010 F-150
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01-26-2010, 07:54 PM
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#15
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12 Second Club
Join Date: Aug 2004
Posts: 2,923
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wow
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2016 Lamborghini Huracan LP610-4
2012 Lamborghini Gallardo LP560-4 Spyder
2013 Nissan GT-R Black Edition
1999 Trans Am WS6
2000 Trans Am WS6
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01-26-2010, 09:18 PM
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#16
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Join Date: Dec 2005
Location: Boston/North
Posts: 9,214
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Quote:
Originally Posted by B4C
Yeah the figure cant be right...someone is getting sued thats for shure. I would be super pissed if say I owned an emmaculate unrestored original car and that happened beyond pissed
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Sued for what? all the owners knew the risks of storing their cars in an open lot for inspection before the auction.
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Quote:
Originally Posted by BonzoHansen
dumbass.
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01-26-2010, 10:49 PM
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#17
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Join Date: Jul 2006
Location: unknown
Posts: 2,776
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Quote:
Originally Posted by r0nin89
Gotta be alot of happy car owners that are gonna get some money back out of restos they cant get anywhere near full value for with the economy.
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do you do drugs?
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2000 Pewter Trans am, M6, SLP Lid,LS6 intake,Kooks 1 7/8" Long tube header,Classic Chambered Powersticks, hurst,off road X-pipe, Strano springs & Koni's, Monster level 2 clutch, HPtuners wide band tuned and a homemade ram air box sealed off.
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01-26-2010, 11:00 PM
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#18
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12 Second Club
Join Date: Aug 2004
Location: West Milford
Posts: 8,373
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there was some special edition fox body with 11 (eleven) miles on it with some pretty good damage
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88 Camaro
95 Impala SS
97 Trans Am WS6
98 Blazer ZR2
00 Corvette
04 CTS-V
04 Grand Cherokee
06 GMC Sierra
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12 Tahoe LT
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01-27-2010, 01:06 AM
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#19
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Join Date: Jul 2004
Location: West Long Branch
Posts: 13,598
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Quote:
Originally Posted by maroman88
there was some special edition fox body with 11 (eleven) miles on it with some pretty good damage
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The cost of that repair will easily reach in the tens of dollars.
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2/20/2013: They Day the ****s Stopped
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01-27-2010, 09:13 AM
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#20
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Ayatollah of Rock N Rolla / Admin
Join Date: Mar 2006
Location: Parts Unknown
Posts: 12,573
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Quote:
Originally Posted by r0nin89
Gotta be alot of happy car owners that are gonna get some money back out of restos they cant get anywhere near full value for with the economy.
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Quote:
Originally Posted by DaSkinnyGuy
do you do drugs?
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They will only get money out of it if it's a total loss- which most of these aren't. IMO the only cars that will be damaged by this overall are the ones who were listed as original/survivor or the ones that can't find replacement parts.
Quote:
Originally Posted by maroman88
there was some special edition fox body with 11 (eleven) miles on it with some pretty good damage
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Yeah, it has the rare unpainted cowl hood delete. That's a real collector's item!
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01-27-2010, 09:33 AM
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#21
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Join Date: Apr 2008
Location: Delran
Posts: 6,785
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Quote:
Originally Posted by BigAls87Z28
The cost of that repair will easily reach in the tens of dollars.
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yeah you stole that from the haiti thread.
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01-27-2010, 10:23 AM
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#22
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Hippy Mod, Bergermeister Meisterberger, Moderator
Join Date: Aug 2004
Location: Ewing
Posts: 6,216
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Insurance will cover the cost to repair the car, not the total value of the car which is subjective anyway. I doubt any of the cars will be "totalled" but most of the owners will probably not want to deal with the repairs and take the insurance money and sell the cars as is. The original/survivor cars will take the biggest hit in value since they won't be survivors once they get the damage repaired. Insurance won't cover that.
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69 Z28 JL8 4 wheel disc brakes - being restored
09 Silverado Z71
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01-27-2010, 11:14 AM
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#23
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Join Date: Apr 2006
Location: Point Pleasant
Posts: 1,809
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Quote:
Originally Posted by DaSkinnyGuy
do you do drugs?
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Ugh no I'm not. Do you have any idea what the state of the classic car market is in vs 3 years ago? People are loosing money left and right on restoration jobs. Yes survivors are a different story but anyone that got total loss in that accident has to be happy as a pig in ****.
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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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01-27-2010, 11:32 AM
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#24
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Ayatollah of Rock N Rolla / Admin
Join Date: Mar 2006
Location: Parts Unknown
Posts: 12,573
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Quote:
Originally Posted by r0nin89
Ugh no I'm not. Do you have any idea what the state of the classic car market is in vs 3 years ago? People are loosing money left and right on restoration jobs. Yes survivors are a different story but anyone that got total loss in that accident has to be happy as a pig in ****.
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But you are looking at this like these cars have regular insurance. They don't. You can over-insure a car at will (within reason, of course) with collector's companies. Some people may actually end up ahead of the game if they are going to get better quality repairs than their resto.
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01-27-2010, 11:37 AM
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#25
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Meet Coordinator
Join Date: Jan 2008
Location: brick/pt. pleasant beach
Posts: 19,368
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wait what happened?
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