617arg

as many of you know, my car was stolen and found stripped.
I'd like to buy it back from the insurance company, but they tell me that they don't think I can buy it back. They say that they don't want to be liable, and since the car is all stripped they probably can't sell it to me.
I know alot of people who have bought cars in worse structural shape than mine is in, the frame is fine.

I don't even want to put the car back onto the road, just build it into a track car. it's getting frustrating trying to explain to them that they can just issue a certificate of destruction.
Is it just State Farm that won't allow this? Or is there a certain procedure i have to go through with them????

thanks for any help.

argiris

RTW DC2R

I might be dealing with the same thing in the next few days. Why wouldnt you be able to buy it back? its not their car, its yours. Actually if you have a loan on it through a bank, its the banks car. Did the insurance company give you a check for it?? if so then you need to pay off the loan with the check(assuming its enought to cover the loan) and then the car is yours. Atleasts thats my understanding of how it works. If they total out my car in the next few days, I will get a check, pay off the loan, and keep the car and fix it back up. good luck man

617arg

well, they say that they won't be a part of this. they say if i'm a licensed dealer i can buy it at the insurance auction

Brian

If you have a loan it needs to be paid off first then you should be able to buy it back from the insurance company. I don't see why there would be a problem.

617arg

i have 4 payments left..........they don't seem to care.

Bbasso

The best thing to do is get intouch with a lawyer and ask for help- will cost you some money but if your serious about getting the car back that might be the best way.

RTW DC2R

why would you have to buy it back from the insurance company? they insure YOU and your Property. just because they give you a check because your car was totalled doesnt mean its their car now. someone correct me if im wrong.

Brian

If they total the car out they give you a check instead of the car. You do what you wish with the money, either pay off the bank note(if you have one), buy another car, or pocket the cash.

617arg

that's the thing, i do have payments left, but they say that they are going to pay that

RTW DC2R

if they total my car, im going to be so ******* pissed.

Brian

Strange.. Normally they appraise the vehicle for what it is worth, pay off your lien and you get the remaining balance. Then, you should have the opportunity to buy it back. I guess some insurance companies are different then others.