Car accident

xtac · 07-10-2015, 10:01 AM

Recently got into an accident, car was towed to bmw, adjuster says about 26k to fix. 2009 335i coupe, 22k miles. Car was mint. Had all the bells and whistles, m package, manual, cold weather, 4 new tires, etc. Geico puts the value at 27k.

Anyone have any advise with this type of thing?

bmwmsport · 07-10-2015, 10:15 AM

Personally I've never had a vehicle totaled or been in this situation, but from observing the forum here's what I've seen:

See what they'll give you for it as a totaled vehicle. Then go from there. I wouldn't try to repair it, the car would lose all value.

I'm sorry for you loss, she sounded like a beauty. Hope you get to make the best of it and hop in a new BMW.

xtac · 07-10-2015, 10:27 AM

Quote:

Originally Posted by bmwmsport

Personally I've never had a vehicle totaled or been in this situation, but from observing the forum here's what I've seen:

See what they'll give you for it as a totaled vehicle. Then go from there. I wouldn't try to repair it, the car would lose all value.

I'm sorry for you loss, she sounded like a beauty. Hope you get to make the best of it and hop in a new BMW.

There giving approx 27k. Yeah I have the option to buy it as salvage vehicle, but looks like a headache.

brewnami · 07-10-2015, 10:29 AM

Quote:

Originally Posted by xtac

There giving approx 27k. Yeah I have the option to buy it as salvage vehicle, but looks like a headache.

Just curious, how much are they asking for the salvaged vehicle? Always kick myself in the ass for not inquiring when my old 335i was totaled.

Nitrousbird · 07-10-2015, 10:32 AM

Look online for a matching vehicle with the same miles / options. If they are generally asking more for the same vehicle start negotiating.

26k in damage means it probably is not worth trying to fix as a salvage vehicle. Could buy back to part it out - you can make a nice chunk of change if you spend the time to do it.

jgoens · 07-10-2015, 10:35 AM

Quote:

Originally Posted by xtac

There giving approx 27k. Yeah I have the option to buy it as salvage vehicle, but looks like a headache.

Forget the salvage thing unless you want to deal with that--it really only makes sense if you are a mechanic and don't plan on selling the car soon. Don't know how much you have invested in the car but I saw a guy recently on the forum who bought a low mile 11 335 with good options and real low miles for 26K..hopefully the money can get you an "upgrade." I had a car that was totaled and it ended up working in my favor as I did get an "upgrade"

xtac · 07-10-2015, 10:40 AM

Quote:

Originally Posted by jgoens

Forget the salvage thing unless you want to deal with that--it really only makes sense if you are a mechanic and don't plan on selling the car soon. Don't know how much you have invested in the car but I saw a guy recently on the forum who bought a low mile 11 335 with good options and real low miles for 26K..hopefully the money can get you an "upgrade." I had a car that was totaled and it ended up working in my favor as I did get an "upgrade"

Yeah, its perhaps time to upgrade. The car I had was euro delivery, its close to the heart

NGEE · 07-10-2015, 10:59 AM

Quote:

Originally Posted by xtac

The car...was euro delivery

Damn - heartbreaker!

csu87 · 07-10-2015, 12:21 PM

value sounds about right, but start researching to make sure they arent screwing you. Ive found they will sometimes bump the value up a grand or 2 from what some private sales are going for, but that depends on the insurance and adjuster.

I bought my 09 335xi with 18k miles on it 2 yrs ago for $28k. Was almost fully loaded (no msport, no logic 7 sound, had everything else)

SHEEDI · 07-10-2015, 12:35 PM

OP, 27K down payment to get into new M3

xtac · 07-10-2015, 02:11 PM

Quote:

Originally Posted by SHEEDI

OP, 27K down payment to get into new M3

Taskmaster · 07-10-2015, 03:24 PM

Quote:

Originally Posted by xtac

Recently got into an accident, car was towed to bmw, adjuster says about 26k to fix. 2009 335i coupe, 22k miles. Car was mint. Had all the bells and whistles, m package, manual, cold weather, 4 new tires, etc. Geico puts the value at 27k.

Anyone have any advise with this type of thing?

See what other cars in similar condition + mileage are going for in your area (for sale) for comparison.

NickBlaine · 07-10-2015, 03:57 PM

Looks like cars are going for 27-29k in your area with lower mileage. Not much to choose from in exact options/manual.

NADA clean retail has it mid 28. I would shoot for somewhere in the 29 range, and possibly settle in the 28? With manual, m-sport, and low mileage - push for as much as you can. Tough options to find for sure. Good luck!

Kong Sheng Han · 07-11-2015, 06:16 AM

You can negotiate with insurance on the value.

Taskmaster · 07-11-2015, 07:36 AM

Quote:

Originally Posted by Kong Sheng Han

You can negotiate with insurance on the value.

Ehhh, not really. You can try though.

07-10-2015, 10:01 AM	#1
xtac Captain 155 Rep 780 Posts Drives: 17 F80 Comp Join Date: Jan 2009 Location: Long Island iTrader: (2)	Car accident - geico total fair value? Recently got into an accident, car was towed to bmw, adjuster says about 26k to fix. 2009 335i coupe, 22k miles. Car was mint. Had all the bells and whistles, m package, manual, cold weather, 4 new tires, etc. Geico puts the value at 27k. Anyone have any advise with this type of thing? __________________ 1
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07-10-2015, 10:15 AM	#2
bmwmsport Captain 127 Rep 951 Posts Drives: E90 335i Join Date: Jul 2014 Location: Jackson, MS iTrader: (0)	Personally I've never had a vehicle totaled or been in this situation, but from observing the forum here's what I've seen: See what they'll give you for it as a totaled vehicle. Then go from there. I wouldn't try to repair it, the car would lose all value. I'm sorry for you loss, she sounded like a beauty. Hope you get to make the best of it and hop in a new BMW. __________________ 2010 E90 335i Le Mans Blue Metallic // Saddle Brown // M Sport // iDrive // Comfort Access // Blown By Twins
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07-10-2015, 10:32 AM	#5
Nitrousbird Banned 432 Rep 1,602 Posts Drives: '07 E92 335i 6MT Join Date: Dec 2014 Location: Powell, OH iTrader: (2)	Look online for a matching vehicle with the same miles / options. If they are generally asking more for the same vehicle start negotiating. 26k in damage means it probably is not worth trying to fix as a salvage vehicle. Could buy back to part it out - you can make a nice chunk of change if you spend the time to do it.
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07-10-2015, 12:21 PM	#9
csu87 Banned 2134 Rep 3,554 Posts Drives: 09 335xi Join Date: Nov 2013 Location: Northern Colorado iTrader: (0)	value sounds about right, but start researching to make sure they arent screwing you. Ive found they will sometimes bump the value up a grand or 2 from what some private sales are going for, but that depends on the insurance and adjuster. I bought my 09 335xi with 18k miles on it 2 yrs ago for $28k. Was almost fully loaded (no msport, no logic 7 sound, had everything else)
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07-10-2015, 12:35 PM	#10
SHEEDI Banned 601 Rep 2,703 Posts Drives: 2009 335i - Sport PKG Join Date: Jun 2009 Location: NY iTrader: (0) Garage List 2009 BMW 335i [8.50]	OP, 27K down payment to get into new M3
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07-10-2015, 03:57 PM	#13
NickBlaine First Lieutenant 63 Rep 298 Posts Drives: '10 335XI Join Date: Dec 2013 Location: Indiana iTrader: (0)	Looks like cars are going for 27-29k in your area with lower mileage. Not much to choose from in exact options/manual. NADA clean retail has it mid 28. I would shoot for somewhere in the 29 range, and possibly settle in the 28? With manual, m-sport, and low mileage - push for as much as you can. Tough options to find for sure. Good luck!
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07-11-2015, 06:16 AM	#14
Kong Sheng Han Banned 303 Rep 1,140 Posts Drives: Something something racecar Join Date: Feb 2013 Location: Austin, Texas iTrader: (2) Garage List 2011 BMW 328i [0.00] 2001 BMW M3 [0.00]	You can negotiate with insurance on the value.
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