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View Poll Results: Is it totaled?
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      10-01-2009, 07:21 PM   #45
TLud
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Originally Posted by spicoli024 View Post
Ok, so here's the deal:

I was offered $24,709.56 for my car. I had planned to buy my car back from this woman's insurance agency once they total it so I can part it out and resell it to a local guy here in Houston. However, I got off the phone with her company and apparently they will not sell it back to me unless I have a "buying license" in the state of Texas, whatever the fvck that means. Do you think it is a good idea to talk with my insurance agency and see if they can fight to get me more money for the lost car or should I leave them out of it completely? Either way they will eventually find out I was in an accident because her insurance company will have to contact mine.
Kyle, close to $25,000 seems like a pretty good offer from what you've told us about your car. Probably the best way to raise that offer significantly would be to provide documentation of the aftermarket modifications you've made to the car and their costs. This would obviously be something you'd do yourself, not through your insurance company. Maybe if your insurance company got involved, they could get you a little more, but I don't know.

As for buying it back, every state has regulations on who (if anyone) can buy back a vehicle with a salvage title. From skimming through the Texas laws on this (see here), I'm not sure that you do in fact need a salvage vehicle dealer license. See the exemptions at the top of page 4-3. You might want to inquire further about this.
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      10-01-2009, 07:24 PM   #46
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^Damn its good to have an attorney on board

I say take the money and RUN!!! Seriously, get your trunk and whatever other mods can be salvaged and move on to the ZCP you've been talking about. You and I both know the problems that car has encountered (mostly not your fault of course), but that amount is more that I ever thought you'd get for your car.
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      10-03-2009, 10:09 AM   #47
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i've never heard of not being able to buy back a car
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      10-03-2009, 10:55 AM   #48
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i've never heard of not being able to buy back a car
Me neither. I tracked down my supra after it burned in a house fire and I had to buy it from the salvage yard if I wanted it back... But really who wants a car that was burnt to a crisp. =)

Btw, if in your accident a police report was filed (which in texas it did) then your insurance company will see it upon renewal. They might ask you about it, and you can simply say you were not at fault and *hopefully* they will not raise your rate beyond standard insurance hikes.

Sorry about your loss.
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      10-03-2009, 12:15 PM   #49
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Quote:
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i've never heard of not being able to buy back a car
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Originally Posted by artifice View Post
Me neither. I tracked down my supra after it burned in a house fire and I had to buy it from the salvage yard if I wanted it back... But really who wants a car that was burnt to a crisp. =)
Yeah, unless you're buying or selling more than 5 salvaged title vehicles in a year, it doesn't look like you need a special license or anything. It sounds like the woman he spoke to didn't know what she was talking about.
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      10-05-2009, 01:13 PM   #50
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Quote:
Originally Posted by TLud View Post
Kyle, close to $25,000 seems like a pretty good offer from what you've told us about your car. Probably the best way to raise that offer significantly would be to provide documentation of the aftermarket modifications you've made to the car and their costs. This would obviously be something you'd do yourself, not through your insurance company. Maybe if your insurance company got involved, they could get you a little more, but I don't know.

As for buying it back, every state has regulations on who (if anyone) can buy back a vehicle with a salvage title. From skimming through the Texas laws on this (see here), I'm not sure that you do in fact need a salvage vehicle dealer license. See the exemptions at the top of page 4-3. You might want to inquire further about this.
Thanks for the input! I guess I will have to find someone over there that knows what the hell they are talking about then.

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Originally Posted by JC919 View Post
^Damn its good to have an attorney on board

I say take the money and RUN!!! Seriously, get your trunk and whatever other mods can be salvaged and move on to the ZCP you've been talking about. You and I both know the problems that car has encountered (mostly not your fault of course), but that amount is more that I ever thought you'd get for your car.
I am really leaning towards the RS4 now. It is certainly a change, but not sure if it is one I will like. Anybody know where I can get a test drive in Houston? Apparently all the dealerships here are fresh out.
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