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

Thread Tools
 
Search this Thread
 
Rate Thread
 
  #31  
Old 12-09-2012, 10:23 AM
OBsessed's Avatar
Registered User
iTrader: (2)
Join Date: Jun 2009
Location: NC
Posts: 1,666
Received 232 Likes on 183 Posts
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.
 
  #32  
Old 12-09-2012, 02:31 PM
Ye_Budyy's Avatar
Registered User
iTrader: (6)
Join Date: Aug 2011
Location: SoCal
Posts: 566
Received 16 Likes on 14 Posts
I'll buy the crashed one from you for $3k if you buy it back
 
  #33  
Old 12-09-2012, 06:01 PM
asadali91's Avatar
Registered User
Join Date: Jul 2012
Location: Richmond Hill
Posts: 115
Received 4 Likes on 2 Posts
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!
 
  #34  
Old 12-09-2012, 06:47 PM
AuAltima3.5's Avatar
Registered User
iTrader: (2)
Join Date: Jun 2006
Location: TN
Posts: 737
Received 36 Likes on 29 Posts
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.
 
  #35  
Old 12-09-2012, 07:13 PM
canehdian_guy's Avatar
Registered User
iTrader: (1)
Join Date: Nov 2011
Posts: 237
Received 4 Likes on 4 Posts
Are you sure? Seems too good to be true. I can't see the insurance company giving up that much potential profit.
 
  #36  
Old 12-09-2012, 08:25 PM
asadali91's Avatar
Registered User
Join Date: Jul 2012
Location: Richmond Hill
Posts: 115
Received 4 Likes on 2 Posts
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.
 
  #37  
Old 12-09-2012, 08:52 PM
TemjinX2's Avatar
Registered User
iTrader: (4)
Join Date: Oct 2010
Location: Corona, CA
Posts: 682
Received 32 Likes on 27 Posts
i say buy it back, sell off all the parts and engine and do a ls swap and make it a track toy.
 
  #38  
Old 12-09-2012, 08:57 PM
PlastiDippinG's Avatar
Banned
iTrader: (4)
Join Date: Nov 2012
Posts: 315
Received 2 Likes on 2 Posts
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
 
  #39  
Old 12-09-2012, 10:24 PM
Texasscout's Avatar
Registered User
iTrader: (11)
Join Date: Feb 2005
Location: South Texas
Posts: 35,605
Received 2,116 Likes on 1,768 Posts
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.
 
  #40  
Old 12-09-2012, 10:31 PM
youngG's Avatar
Registered User
iTrader: (1)
Join Date: Dec 2009
Location: new york
Posts: 353
Received 5 Likes on 5 Posts
buy it back and part out
 
  #41  
Old 12-10-2012, 05:20 PM
blackmamba's Avatar
Registered User
Join Date: Nov 2009
Location: Long Island
Posts: 106
Received 4 Likes on 1 Post
i'll take the tranny if you decide to buy it back and part out
 
  #42  
Old 12-10-2012, 06:16 PM
350GT_'s Avatar
Registered User
Join Date: Feb 2012
Location: Portland, OR
Posts: 308
Received 22 Likes on 18 Posts
Are the brake calipers painted? I thought they stopped offering the Brembos for the later years? Mine didn't come with 'em.
 
  #43  
Old 12-11-2012, 11:19 AM
g35sleeper123's Avatar
Registered User
Join Date: Oct 2011
Posts: 528
Received 10 Likes on 10 Posts
I will take the headlights
 
  #44  
Old 12-11-2012, 05:29 PM
DGrantG's Avatar
Registered User
Join Date: Aug 2009
Location: Murfreesboro, TN
Posts: 705
Received 25 Likes on 21 Posts
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.
 
  #45  
Old 12-12-2012, 08:33 AM
Mustang5L5's Avatar
Registered User
iTrader: (1)
Join Date: Jul 2005
Location: Taxachusetts
Posts: 8,818
Received 468 Likes on 391 Posts
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?
 


You have already rated this thread Rating: Thread Rating: 0 votes,  average.

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



All times are GMT -4. The time now is 08:31 AM.