Purchasing insurance totals

XJsavage

XJsavage

CounterCulture
Joined
Aug 15, 2009
Location
Lyle's Ford SC
A co-worker of mine was recently involved in an accident in which totaled his truck. He is fine, just banged up. His 2002 Silverado w/ excellent running 5.3 and 4l60e was totalled out for rear frame damage.
My biggest question is, since I'm not the owner of the vehicle nor a customer of the insurance company, how much bs would I have to go through to obtain it? I could alwaya ask my coworker to call and ask about it I know he's still recovering at home and is probably sick of talking to agents.
So how much of an ordeal is it to buy a vehicle back? Company is Prudential if that matters. I have a budget of $1000 to justify parts value for my own use.
 
He'll probably have to try and get it back and you buy from him.I highly doubt they will sell to some unknown(to them) person who just wants it. All totals I know of go to auction if the owner doesn't by them back.
 
It's already been 7 days. How long do they typically keep it around? I'm sure it would vary on lot.
 
If hes accepted an offer youre probably to late. Ive bought my vehicles back as part of the settlement but dont think they would allow someone else to. To do what youre wanting hed have to do it and sale to you.
 
XJsavage said:
It's already been 7 days. How long do they typically keep it around? I'm sure it would vary on lot.
Click to expand...
The tow lot don't care if they ever come get since theyre makin X $$$'s per day for storage,but the ins will want it off the books as soon as possible.I would think that within a day or three of the owner signing off w the ins it would be picked up.I know you don't wanna bug the guy now but if you drag your feet too long your gonna lose out.
 
I'll see what I can do.
 
When I (a deer) totaled the wife's RAV4, I checked into the buy-back, since it was so close to total or rebuild, dollar wise...I think it made "total loss" by under twenty bucks. I forget what the price was...but way too much $$ to buy back. I know it would go a lot less at auction. I couldn't buy it back and break even, doing repairs myself.
 
The story is a local guy had a deal w Farm Bureau Ins and when one of their cars was wrecked he would pick it up from the tow yards and haul it to his junk yard to hold it until FB settled,fixed it or whatever.He got all their wrecks for a agreed price,Im sure it was some kind of % of the value.From what I understand if it was something he wanted the guy would go out and pour oil,axle grease or ATF,under it,depending on where it was hit to make it appear more damaged than it actually was which allowed him to get some things that could be easily fixed and sold whole versus just for parts.

The same guy use to go to car sales in the 70's,during the gas crunch,and stop on the way home w a loaded trailer and fuel each car w his allotted amount of gas for the day,visit or however that worked.
 
Back
Top