My neighbor has a 03-05 cavalier (I am not sure of the year but I know its 03+) and as of right now its a right of. A deer hit the side drivers door and the resulting impact caused the driver to drive through the ditch. Since its a write off I heard he was going to be selling it and I am seriously debating on purchasing it if they price is right.
How likely is it to have the ecotec engine in it (it has the same z22 badge on it as my cav which is a 2200, and I know its just a dealer thing but was it limited to be done with the 2200 engine?). How much should I expect to be paying for the car as it is a write off. And ultimately...should I do it (I am sure you know my intent with it)
I know I could just ask what kind of engine is in it but I just haven't had the time. I will ask him when I do have time however, but in the meantime I would like to have a better idea on how likely it is to have the ecotec engine in it.
Thanks
if its an 03-05 it has an eco
Except in rare cases (and this would not be one of those cases), no more than $500 for a totaled vehicle.
-Ferrite
$500...even though the car is still drive able and it appears that most of the damage is on the body..
Apparently there is over $6000 in damage to it so thats why its a write off.
Yes, even if it's drivable....no more than $500.
Once a car is totaled, even if repaired to 'better-than-new' condition, the car will still be a 'salvage' title vehicle, severely depreciating the value of the car no matter what condition it is in.
Particularly for newer cars, insurance companies tend to inflate the "buy back" figure for the car (highest I've seen lately is $1400 for an '05 Nissan, but a lot are at or around $1000), but that figure is completely negotiable.
If you are interested in the vehicle, you should talk to the owner before he settles with the insurance company. The buy-back figure will be for the owner to buy back the car (the money is merely deducted from the settlement check), and then he/she sells it to you (hopefully without too much profit). If the owner does not exercise the buy-back option, then the car goes to the insurance company (they paid for it) and then it goes to auction. Once it's at auction, if it's even an auction you would have access to (many are dealer/salvage yard-only auctions), then the $500 figure is out the window. It might sell for $5, it might sell for several thousand....it all depends on how bad someone wants it or the parts.
-Ferrite
Alright, well I suppose I will get talking to the owner to see what is actually going on with it.
When a customer buys back an insurance vehicle around here its 10% of the value. so an 10,000 dollar car would cost 1,000 dollars.
They go off of the non salvage price for the 10%, which is a crock, but thats how most insurance companies do it.
I agree with ferrite, on how the car is handled. But I dont know about the price because I dont know what the car is worth. It would have to be a $5000 car not wrecked.
01 cav w/01 3400 gam gt 4t45e
