I'm not sure if the car is going to be totalled yet and I should know within a day or two, but I wanted to know if anyone has totalled a car (not your fault) and then bought the car back from the insurance company?

I'm not really sure of the inner workings of how to go about doing this, but if they total it I have to buy it back because the amount of money I have into the vehicle. If anyone has any insight on this, it would be much appreciated! I'm really in the dark as to how this process works and would like to have any suggestions or advice people can give on this.

In case you were wondering about my situation, please read this thread:

https://honda-tech.com/zerothread?id=407783

 

Alot of people do that. Sell that parts off individually, or swap into another car of preference. Try using the search option and you'll be surprised with results.

 

YES, just a couple months ago.

 

I always use the search function but didn't come up with anything this time. If it's come up recently then maybe I'm using the wrong key words? (h-t search function isn't the best )

 

Happened to me with an old motorcycle (a Honda - ha ha). I recall that the ins. company told me if I paid them what they would get for salvage, I could keep what was left. They said they would only get $100 for salvage, so I paid them the $100 and got to keep the bike. Sold the parts left on it for $300-400 so it was definitely worth doing.
I imagine it would be the same scenario with a car.

 

I'm still looking for a little more opinions, advice, and comments on this. Thanks for the help so far, and keep it coming.

 

The way it will probably work for the total will be that because you may have a low value on the car, they may offer you to give you so much money if you give them the car. Or they'll offer you less money and let you keep the car. But that honestly looks very repairable. One thing you wanna think about is, if they do end up repairing it, don't just go to the most expensive shop. Go to a shop that has a lot of credit for doing a good job and good will fix it right.

 

i did.
got in wreck (old guy ran a stoplight and I T-boned his ford escort).
drove it for two days then had ins. com. do the estimate and they totalled it.
over $6500 in damages.
i bought it back. its called owner retain salvage. they gave me 65% of the damages minus the deducticle. had it fixed on the side by the same body shop that did the estimate.
i have geico insurance. i still have my GSR and slowly getting it back to its original condition.


[Modified by stick, 5:06 PM 2/11/2003]