Procedure for buying a car that has been declared "total loss"?
Has anyone purchase a car that was declared "total loss" back from the insurance company? and what is the procedure?
Thanks
Thanks
Yes, My 98 teg was a lease car and was hit in the rear above the bumper in march 2000 ,car was drivable but not worth $ to fix, Insurance company declared it a total, Before anything happened I picked up the car from the body shop and brought it to my house. Told State Farm that I wanted to buy the salvage. State Farm sent a check to American Honda to pay car off, now State Farm owns the salvage, I drop a check of at State Farm for 5600, I then had to apply for the title and pay tax on the purchase price of 5600, State Farm was hesitant to sell the car to me, they where afraid it would end up back on the road with-out being fixed properly, I assured them it would end up as a parts car, as it did. ON a side note the pay off on the car was more than what the lease buy-out was so American Honda sent me a check for the differance plus returned my security deposit.
Mattj
Mattj
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