Nick1994
$100 site donor 2024
I'm posting this for my brother. He has a 1991 Jeep Cherokee with the 4.0 and 213k miles. Runs like a charm, nothing wrong with it (before the accident).
Well here's the long story:
He was driving down the freeway when the bolt that connects the drag link and the pitman arm let loose, the threads pulled out. He lost all steering but was amazingly able to not hit anybody as it swerved left and he stopped on the side of the road to the left. In Phoenix it is called the HOV lane and he was 3/4 of the way in the emergency pull off area and 1/4 into the lane. This whole time he had his hazard lights on and the jeep started to veer back onto the freeway so he stopped (it wanted to turn) and it was as far as he could get it. 10+ cars passed without issue but then he got side swiped by some type of commercial truck (plumbing truck or something). My brother was on the phone with the police for help when it happened for highway patrol help and luckily he was not hurt. In AZ we have a Move Over law that requires you to change lanes and move over for a stopped vehicle with their hazard lights on or for police if able to safely do so. In between the HOV lane and the "fast lane" is a 3 foot or so small lane that separates the two. There was plenty of room for cars to go around, this truck must not have seen him or not have been paying attention. Plenty of other cars were able to pass just fine.
So what's going to happen? Its pretty obvious it will be totaled but he wants to buy it back (it's a jeep, appearance doesn't matter) from what I understand the other party's insurance has to pay out the fair market value for his Jeep.
What is the buy back price for a car that's totaled? My mom had someone pull in front of her Ford Focus 2 years ago and it had a KBB value of $5000-5500 and she was given $7000-7500 for it.
I'm sure 90% of people will say it's a $500 Jeep in the first place. No, just no. Similar Jeeps sell on craigslist all day long for $2,400+ and that is a private party value, not a market value.
So what's the buy back cost? Any way he can avoid getting a salvage title? I guess a salvage title doesn't really matter cause he will probably never sell it.
An adjuster hasn't come to yet and he hasn't spoken to the other insurance company since it happened Saturday afternoon
Well here's the long story:
He was driving down the freeway when the bolt that connects the drag link and the pitman arm let loose, the threads pulled out. He lost all steering but was amazingly able to not hit anybody as it swerved left and he stopped on the side of the road to the left. In Phoenix it is called the HOV lane and he was 3/4 of the way in the emergency pull off area and 1/4 into the lane. This whole time he had his hazard lights on and the jeep started to veer back onto the freeway so he stopped (it wanted to turn) and it was as far as he could get it. 10+ cars passed without issue but then he got side swiped by some type of commercial truck (plumbing truck or something). My brother was on the phone with the police for help when it happened for highway patrol help and luckily he was not hurt. In AZ we have a Move Over law that requires you to change lanes and move over for a stopped vehicle with their hazard lights on or for police if able to safely do so. In between the HOV lane and the "fast lane" is a 3 foot or so small lane that separates the two. There was plenty of room for cars to go around, this truck must not have seen him or not have been paying attention. Plenty of other cars were able to pass just fine.
So what's going to happen? Its pretty obvious it will be totaled but he wants to buy it back (it's a jeep, appearance doesn't matter) from what I understand the other party's insurance has to pay out the fair market value for his Jeep.
What is the buy back price for a car that's totaled? My mom had someone pull in front of her Ford Focus 2 years ago and it had a KBB value of $5000-5500 and she was given $7000-7500 for it.
I'm sure 90% of people will say it's a $500 Jeep in the first place. No, just no. Similar Jeeps sell on craigslist all day long for $2,400+ and that is a private party value, not a market value.
So what's the buy back cost? Any way he can avoid getting a salvage title? I guess a salvage title doesn't really matter cause he will probably never sell it.
An adjuster hasn't come to yet and he hasn't spoken to the other insurance company since it happened Saturday afternoon