at what % does the insurance company salvage?
10-17-2007, 04:33 PM
#1
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at what % does the insurance company salvage?
i just bought a new car in april. currently the car is leased and i had a accident end of aug. i was wondering how much does the damages need to be in order for me to request for the car to be salvaged? the car is roughly 40k, originally the estimate was 4k but upon fixing the car, they realized more damages where they need to take out the engine and replace the rails that the engine mounts up to. reason why i ask is because i dont want to drive the car anymore if the frame is damaged. I know that if the damages comes out to a certain percentage then theyre willing to salvage the car. i assume every state since its a state law, can anyone help?!?
10-17-2007, 06:08 PM
#4
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Originally Posted by IIGQ4U,Oct 17 2007, 04:50 PM
It would seem to me the that an insurance company would salvage a vehicle when it is no longer cost effective for the vehicle to be repaired.
isn't that what the OP asked?65-70 80 is very very high at socal
10-17-2007, 07:01 PM
#5
Originally Posted by AP2Suzuka,Oct 17 2007, 05:52 PM
General rule is that if the damage is at 80% of the UDW (un-damage whole sale value) the car is a salvage title.
10-17-2007, 09:59 PM
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AP2 and PicPro are correct. For most companies (at least all Ive dealt with personally) it has been 80%.
Sorry to hear about your accident, but you are nowhere close to totalling the car.
I hope the new repairs go right...
Sorry to hear about your accident, but you are nowhere close to totalling the car.
I hope the new repairs go right...
