Recent Topics
Ground effect
by mjoekingz28
02/13/16 04:36 AM
20w50 thick? i present to you Penrite's 50w70!
by FordCapriDriver
02/13/16 03:46 AM
08 caravan / oil seeping from spark plug
by Mark72
02/12/16 11:25 PM
Holley Accelerator pump probem
by nwjones18
02/12/16 10:56 PM
Sealant for threaded air hose fittings.
by BigD1
02/12/16 10:37 PM
on line data search programs - which is best?
by bmwjohn
02/12/16 10:11 PM
What size air compressor is needed
by ram_man
02/12/16 09:45 PM
DHS wants to force car owners to use OEM parts
by faltic
02/12/16 08:54 PM
Castrol Edge 5w30 no longer A5/B5
by slacktide_bitog
02/12/16 08:20 PM
Best Oil Analysis?
by countryboy9799
02/12/16 07:28 PM
Left my lights on and battery died.
by joegreen
02/12/16 07:25 PM
Honda CRX '91 transmission fluid
by jhmed80
02/12/16 07:18 PM
Newest Members
wdleighton1, RTS, jhmed80, engus, Rob_Pol
56902 Registered Users
Who's Online
17 registered (1foxracing, dmdx86, Char Baby, Ifixyawata, dec219644, bbhero, 2 invisible), 468 Guests and 93 Spiders online.
Key: Admin, Global Mod, Mod
Forum Stats
56902 Members
66 Forums
244628 Topics
3984674 Posts

Max Online: 2862 @ 07/07/14 03:10 PM
Donate to BITOG
Page 4 of 4 < 1 2 3 4
Topic Options
#3294533 - 02/26/14 12:11 AM Re: How little damage it takes to "total" a 1998 Camry [Re: krismoriah72]
The Critic Offline


Registered: 08/30/04
Posts: 18606
Loc: Walnut Creek, CA
Originally Posted By: krismoriah72

I called the local aftermarket crash parts place and come up with $900 for hood, bumper, headlight and turnsignal accessory. I called local body shop and if I bring those items in, they will paint for $300. So $1200 and I am responsible for putting the parts on.


$300 to spray all of those parts??? I cannot even find someone to properly prep and spray a bumper for under $600.
_________________________
11 Prius - 123k - M1 EP 0w20/OE
07 Accord 2.4 - 107k - M1 5w20/FPS Filter
10 Altima 3.5 - 33k - M1 EP 5w30/FU
92 Previa - 160k - Chevron 5w30/Wix

Top
#3294741 - 02/26/14 08:45 AM Re: How little damage it takes to "total" a 1998 Camry [Re: diver1972]
MarkM66 Offline


Registered: 10/19/10
Posts: 1348
Loc: stl
Does it really need a hood, or can it be tweaked to look presentable?

http://www.ebay.com/itm/1998-1999-Toyota-Camry-Front-Bumper-Cover-Painted-/121136398110?pt=Motors_Car_Truck_Parts_Accessories&fits=Year%3A1998|Model%3ACamry&hash=item1c344abf1e&vxp=mtr

http://www.ebay.com/itm/97-99-Toyota-Camry-Headlamps-Headlights-Left-LH-Right-RH-Pair-Set-/131008723585?pt=Motors_Car_Truck_Parts_Accessories&fits=Year%3A1998|Model%3ACamry&hash=item1e80ba7a81&vxp=mtr

http://www.ebay.com/itm/1997-1999-Toyota-Camry-Corner-Lamp-Turn-Signal-Side-Marker-New-Light-Socket-Pair-/351008481265?pt=Motors_Car_Truck_Parts_Accessories&fits=Year%3A1998|Model%3ACamry&hash=item51b9bc5ff1&vxp=mtr

$240
$45 pair
$30 pair

About $300 and your back on the road.

Top
#3295113 - 02/26/14 01:49 PM Re: How little damage it takes to "total" a 1998 Camry [Re: diver1972]
Cubey Offline


Registered: 03/23/13
Posts: 319
Loc: Tacoma, WA, USA
Originally Posted By: diver1972
Originally Posted By: Cubey
Collect the insurance money, less the few hundred they keep for you keeping the car, do minor fixes yourself and keep driving it. You don't HAVE to get rid of it in a totalled case...
I assumed, perhaps incorrectly, a higher salvage value than a few hundred. Additionally, it'd be almost cost-prohibitive for me to insure it against future damage, which I'd prefer to do.


A 16 year old Camry in good condition on the private market goes for what? $2000-3000? Salvage value is probably about 1/8 of the value for a good, unwrecked one. Keep in mind that your valuation of the vehicle is not going to the same as a salvage yard who wants to sell some good parts from it, then send it to the crusher.

When insurance pays out for a totaled vehicle, they give you approximately what you could sell it for on the private market, just prior to the wreck. So if your car was worth $4000 to sell based on bluebook, that is roughly what they'll pay you for it.

then they try to get some of that money back by selling the car to a local salvage yard for salvage value, which is what a salvage yard is willing to pay them for the vehicle based on it's year, make and model. If a salvage yard is only paying $500 for 1998 Camrys, thats the "salvage value".

If you take $2500 instead of $3000 (assuming $500 salvage value) then that's the difference between you keeping the car or not. Keep in mind I am just simplifying this, your salvage value could be much higher... but that's roughly how it works.

That's how it worked both times and how it was printed on the insurance payout paperwork. Surrender the car for $X payout, or keep it for $X payout.

I had liability and uninsured/under-insured on both my vehicles when they were "totaled". Both times were accidents that were not my fault. Both times, the ladies' insurance companies paid out about $ Technically they didn't buy the car from me. The title never left my hands nor did it get a salvage title even. That's how Arkansas works it, anyway. Both cars still had clear titles in my name. I just signed a form saying I accepted $X for the damage and opted to let them withhold $X salvage value (which is about $300 for both vehicles, it could be more like $500 for yours?) and that was it.

My insurance rates stayed the same on both vehicles. Yes, I did report the accidents to my insurance agent and let him make copies of the documentation.

Your state may be different though.. so you may want to ask your insurance agent.


Edited by Cubey (02/26/14 01:52 PM)
_________________________
2003 Pontiac Vibe
1988 Honda Elite 250
"If you're like me, and I know I am..."
You can fix cars but you can't fix stupid car owners.

Top
#3295422 - 02/26/14 06:11 PM Re: How little damage it takes to "total" a 1998 Camry [Re: The Critic]
R2d2 Offline


Registered: 12/08/08
Posts: 564
Loc: New York, L.I
Originally Posted By: The Critic
Originally Posted By: krismoriah72

I called the local aftermarket crash parts place and come up with $900 for hood, bumper, headlight and turnsignal accessory. I called local body shop and if I bring those items in, they will paint for $300. So $1200 and I am responsible for putting the parts on.


$300 to spray all of those parts??? I cannot even find someone to properly prep and spray a bumper for under $600.



On a 1998 Camry no one cares about "properly prep" . I bet he uses NUfinish on it as well, oh the horror.
_________________________
2014 Acura MDX
2015 Acura TLX SH-awd

Top
#3295561 - 02/26/14 08:43 PM Re: How little damage it takes to "total" a 1998 Camry [Re: R2d2]
diver1972 Offline


Registered: 08/11/12
Posts: 145
Loc: US, Georgia
This is very likely to be more hassle than its worth due to fairly rigid Georgia rules.

Originally Posted By: MarkM66
Does it really need a hood, or can it be tweaked to look presentable?
I deem it easily tweak-able, and I'm somewhat picky.

Originally Posted By: MarkM66
...About $300 and your back on the road.
Thanks for the sources.

Originally Posted By: Cubey
...A 16 year old Camry in good condition on the private market goes for what? $2000-3000?
Yeah.

Originally Posted By: Cubey
...Salvage value is probably about 1/8 of the value for a good, unwrecked one.
In my case, it's just shy of 20% (of the insurers $4000 valuation) by my maths: $750. I understand that's what the insurer is getting from their buyer, Copart.

Originally Posted By: Cubey
...Your state may be different though.. so you may want to ask your insurance agent.
Yeah, based on yours and the replies of several other folks in this thread in various other states, apparently many other states have more lax rules around this than Georgia.

Originally Posted By: R2d2
...On a 1998 Camry no one cares about "properly prep" . I bet he uses NUfinish on it as well, oh the horror.
LOL Wax? What's that? grin
_________________________
As of 02/15:
01 Toyota Sienna; 1MZ-FE; 174k mi.
99 Toyota Camry; 5S-FE; 197k mi.; acquired 02/14
98 Toyota Camry; 5S-FE; 182k mi.; totaled 02/14

Top
#3295605 - 02/26/14 09:31 PM Re: How little damage it takes to "total" a 1998 Camry [Re: diver1972]
xfactor9 Offline


Registered: 02/27/13
Posts: 224
Loc: California
What's so surprising about that? Old cars that aren't worth a lot are easily totaled. A 1985 Civic would probably be totaled by insurance if it got hit by a baby stroller.

Top
#3295983 - 02/27/14 09:06 AM Re: How little damage it takes to "total" a 1998 Camry [Re: xfactor9]
zzyzzx Offline


Registered: 05/18/12
Posts: 2962
Loc: Baltimore, Maryland, USA
Originally Posted By: xfactor9
What's so surprising about that? Old cars that aren't worth a lot are easily totaled. A 1985 Civic would probably be totaled by insurance if it got hit by a baby stroller.


My 1995 Escort it totaled whenever the gas tank is empty.

Top
Page 4 of 4 < 1 2 3 4