G35 Coupe V35 2003 - 07 Discussion about the 1st Generation V35 G35 Coupe

MY 2007 G Totaled in accident. Insurance company gave me an interesting option

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Old Dec 9, 2012 | 10:23 AM
  #31  
OBsessed's Avatar
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Buy it and buy another G35, keep all the parts you might want to mod and unload the rest. Just the interior (minus airbags and damaged panels) can probably get your money back. Keep the engine for a TT build and sell the engine from the next G when you swap it in. Build the rear end on the totaled G and sell the stock one when you swap it in... the G(ift) that keeps on giving.

Hell I'll buy the engine if it's not all jacked up.

Also what insurance company do you have? I might consider switching.
 
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Old Dec 9, 2012 | 02:31 PM
  #32  
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I'll buy the crashed one from you for $3k if you buy it back
 
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Old Dec 9, 2012 | 06:01 PM
  #33  
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Originally Posted by Texasscout
I think you misunderstood what he posted. The insurance company will PAY HIM $18K for the total of the car. THEN they will SELL IT BACK TO HIM for $1.9K (I'm sure so they don't have to **** with unloading it). He pays the $1.9 and say $3500-5000 for repairs and sells it for $14-15K. What's not to like here? Sounds like money in HIS pocket to me
ahhh I see, that makes sense. I thought it was kinda an ultimatum lol like buy it back or take 18k I was like wtf is wrong with everyone LOL yeah dude buy that back fix it an sell it!
 
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Old Dec 9, 2012 | 06:47 PM
  #34  
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Originally Posted by asadali91
ahhh I see, that makes sense. I thought it was kinda an ultimatum lol like buy it back or take 18k I was like wtf is wrong with everyone LOL yeah dude buy that back fix it an sell it!
Not sure if private party value for a salvage G is in that ballpark. At least not around where I live. Still, money can be made.
 
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Old Dec 9, 2012 | 07:13 PM
  #35  
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Are you sure? Seems too good to be true. I can't see the insurance company giving up that much potential profit.
 
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Old Dec 9, 2012 | 08:25 PM
  #36  
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Originally Posted by canehdian_guy
Are you sure? Seems too good to be true. I can't see the insurance company giving up that much potential profit.
Insurance companies are required to go to certified mechanics designated by OFSI, those D-bags charge and arm and a leg because they are "professionals" chances are itll cost the insurance company 10-12k to fix it then they have to auction it at a devalued cost due to the accident. So no their not really giving up much profit infact it benefits them if OP buys it back.
 
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Old Dec 9, 2012 | 08:52 PM
  #37  
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i say buy it back, sell off all the parts and engine and do a ls swap and make it a track toy.
 
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Old Dec 9, 2012 | 08:57 PM
  #38  
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glad youre ok, but dude,thats like i crack head asking if he should take free crack lol! well minus the bad parts of it being crack haha. Your nav/hvac set up and wheels alone will get you even if not well into the profit margin!

think about it, look on ebay at the parts from your car. your exhaust,navigation,climate controls, SEATS, trim pieces, dude you could EASILY make 5k minimum PROFIT from this. its for sure a no brainer. good luck
 
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Old Dec 9, 2012 | 10:24 PM
  #39  
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Many years ago, I had a Chrysler Sebring convertible that my daughter ran off in a creek, BACKWARDS. I thought I would buy it back and fix it up. They wanted $9800 for it ten years ago. I went to the yard to look at it and when I opened the door, water and FISH came out. I let them keep it.
 
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Old Dec 9, 2012 | 10:31 PM
  #40  
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buy it back and part out
 
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Old Dec 10, 2012 | 05:20 PM
  #41  
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i'll take the tranny if you decide to buy it back and part out
 
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Old Dec 10, 2012 | 06:16 PM
  #42  
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Are the brake calipers painted? I thought they stopped offering the Brembos for the later years? Mine didn't come with 'em.
 
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Old Dec 11, 2012 | 11:19 AM
  #43  
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I will take the headlights
 
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Old Dec 11, 2012 | 05:29 PM
  #44  
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I've heard of insurance companies offering to sell the car back to you for a percentage and if it were me, I would buy it back, buy a door, get the body work fixed and sell it for 8k. Or just drive it til the wheels fall off of it.
 
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Old Dec 12, 2012 | 08:33 AM
  #45  
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Originally Posted by canehdian_guy
Are you sure? Seems too good to be true. I can't see the insurance company giving up that much potential profit.
Happens all the time. Cheaper for them to just offload it to the owner for a few grand vs put time and effort into rebuilding the car or parting it out.

With cheaper cars, they total them for anything. Insurance companies tend to undervalue older cars. A keyed paint job can total a car. Buy the car back for peanuts, slap a $200 Maaco paint job on it and sell it. You almosr get paid twice for the car.

Don't get me wrong, sounds like an easy way to make money, but it's sometimes more trouble than it's worth. Still, if the opportunity presents itself, why not?
 
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