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Joined: Jan 2002
Posts: 1,834
Hard-core CEG'er
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OP
Hard-core CEG'er
Joined: Jan 2002
Posts: 1,834 |
Hey guys, I need some advice/help from anyone who has experience with my situation. Now, the situation..
A customer of ours where I work (Ford dealer) has a 98 Contour Zetec ATX with some minor damage to the right front fender and front edge of the pass. door. His insurance company is totaling the car, but it still runs and drives fine. It has 120K on the clock if I remember right. My folks are looking for a car they can use for drives down state and such, somehting that will get better milage than our 96 Ram with 250K on it. I last talked with the customer yesterday before he knew for sure that it would be totaled, and expressed interest in a possible purchase if it were totaled, then found out today through work that he called to let me know it was indeed totaled.
So, the question is, what would be the best way to go about trying to buy this car if my folks are interested? (They haven't yet seen the car) I figure my 2 choices are to try and buy it from the ins. company or to see if the customer can buy it from them and then we buy from him. I've never even tried any deal like this so am pretty much clueless on how to proceed. Any help or advice would be appreciated.
Shawn Clone
Jezabel- 1999 SE Sport V6 MTX- Severly wounded, comatose
Silver frost/Black Exterior-Midnight Blue Interior
The Firecracker- 1995 Mystique LS V6 MTX stock and backfiring like a rifle shot
I have 3 loves, my God, Brittany, and my Car.
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Joined: Jan 2002
Posts: 2,369
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Jan 2002
Posts: 2,369 |
The owner of the car can either purchase it from the insurance company or else let them have it. It would be.best if you had him buy it off them then bought it.
98 Lime Green SE w/SVT Kit, Projectors, CF Hood, 18" Rims, GC's, Shaved, System
98.5 Silver SVT #5737 Black FSVT Rims, MSDS, BAT Drop
85 Toyota PU Lifted
06 GSX R 600 Black/Silver
My Rides
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Joined: Sep 2002
Posts: 6,106
Addicted CEG\'er
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Addicted CEG\'er
Joined: Sep 2002
Posts: 6,106 |
I concur. I believe they'll just have to pay the cost of their deductible to get the car back, so probably $500. Just offer him $600.  Mark
2000 Black CSVT
3.0L Hybrid - 206fwhp & 195fwtq
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Joined: Nov 2000
Posts: 2,454
Learned patience the hard way
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Learned patience the hard way
Joined: Nov 2000
Posts: 2,454 |
In most cases the insurance either offers the owner of the car to keep it for a portion of the total settlement or they take it to auction and sell it and just pay the owner the full claim value. In any case you'll have to buy it from the owner after he buys it back from the insurance company if you want to make sure you get it. You "could" buy it at auction, but it's possible that it would go out of state or to somewhere you can't access unless you've got a dealer's license.
Something else to consider is what are the state laws on "totalled or salvage" title vehicles? Can you get tags for it without proof of being repaired or what?
Rick
Owner of 00 #1611 Silver (Totalled) 98.5 T-Red SVT #6180
Buckshot77@msn.com
Misc 3L parts for sale
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Joined: Jan 2002
Posts: 2,369
Hard-core CEG\'er
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Hard-core CEG\'er
Joined: Jan 2002
Posts: 2,369 |
Originally posted by Buckshot77:
In most cases the insurance either offers the owner of the car to keep it for a portion of the total settlement or they take it to auction and sell it and just pay the owner the full claim value. In any case you'll have to buy it from the owner after he buys it back from the insurance company if you want to make sure you get it. You "could" buy it at auction, but it's possible that it would go out of state or to somewhere you can't access unless you've got a dealer's license.
Something else to consider is what are the state laws on "totalled or salvage" title vehicles? Can you get tags for it without proof of being repaired or what?
Rick
Told you about the buying it from the current owner is best! I think you can put a salvage titled car on insurance in Michigan.
98 Lime Green SE w/SVT Kit, Projectors, CF Hood, 18" Rims, GC's, Shaved, System
98.5 Silver SVT #5737 Black FSVT Rims, MSDS, BAT Drop
85 Toyota PU Lifted
06 GSX R 600 Black/Silver
My Rides
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Joined: Oct 2005
Posts: 160
CEG\'er
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CEG\'er
Joined: Oct 2005
Posts: 160 |
It scares me to know that the car is totaled from such little damage. It scares me to think mine is would be totaled (unless mabye a quarterpanel)
96 Contour GL 2.0, ATX "Herman" 101K
"A Clean zetec is happy zetec"
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Joined: Jan 2002
Posts: 1,939
Hard-core CEG'er
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Hard-core CEG'er
Joined: Jan 2002
Posts: 1,939 |
Mine was totaled last week from about $2k in damage. Fine by me! 
2000 Silver Frost SVT
# 1637/2150
D.O.B. 01/14/2000
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