What mimimum amount is required to fix a water damage car . Toyota Camry,2002.25k from insurance auction?
Posted on Sep 22, 2009 under Insurance Information |The car looks good. I believe it was under water for a while
kingkings.com
Insurance Information
September 22nd, 2009 at 8:17 am
It depends a great deal on how much damage has been caused. You’re likely to be looking at a substantial bill for the electrics alone and if water has got into the engine you’re looking at a new engine.
25K sounds like a huge sum, I read a post earlier today where a Z3 (I think) went for 5K.
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Struck me after writing the above that if you got it from an insurance auction then presumably the insurance company wrote the car off - if they think it has a current value of 25K then they must think it’s going to cost more than this to repair.
September 22nd, 2009 at 8:17 am
Most states will not allow a water damaged total to be repaired. The 25K was the assesed value of the car. This was because it was a total loss.
Most salvage pools and insurance companies would classify the car as sold for parts only , not rebuildable.
Check the brands on the title. If its stamped parts only or not rebuildable you have just a pile of parts.
September 22nd, 2009 at 8:17 am
This is something you should have considered PRIOR to making this purchase. Oh, The 25K is the mileage on the car right?? NO ONE could be stupid enough to pay $25K for a previously submerged car……RIGHT?……..
HECK! throw in a new battery, fire it up and drive away happy. (I think that’s what you’re hoping to do )
Disregard the strange smell of the carpets and seats.
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