BMW M3 Forum (E90 E92)

BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read


Go Back   M3Post - BMW M3 Forum > M3 (E90 / E92 / E93) > General M3 Forum (E90 + E92 + E93)
 
GT Haus
Post Reply
 
Thread Tools Search this Thread
      05-25-2011, 06:34 PM   #1
F82_SID
Brigadier General
 
F82_SID's Avatar
 
Drives: 2011.5 MR/BB E92 M3
Join Date: Jan 2008
Location: Denver, CO. USA

Posts: 3,118
iTrader: (2)

My Sad Story

Alright guys for those of you that dont know what happened to my car here it is.....

Part 1: Late Friday night my girlfriend and I where driving North down a particularly gravely Street. It was raining and I made a right turn through a yellow light at decent speed. I started to slide during the turn and ended up hitting the only curb in site. The car went up on the sidewalk and oil and coolant went everywhere. Also, my front tire popped on impact. Anyway, I had to have the car towed to the dealer at 130 AM.

Part 2: After getting the dealer in touch with my insurance company, I learned that in addition to all the typical repairs for hitting a curb, the technicians say that I also need a new ENGINE! 26k just for the new engine! Good thing I have insurance and a low deductible.

Part 3: The insurance company and the dealer are conflicting about how much it is going to cost to repair the car, the dealer says about 50k and the insurance company believes it is more around 40k. Either way, the insurance company is considering just totaling the car. Normally I would be all for totaling it and getting a new car however, I put 11,500$ down and I am afraid that if they total it then I will loose my down payment. For example, I only owe 59k on the car, so if the insurance company gives me the market value for the car (lets say 65k (just guessing)) then that only leaves me with 6k for a deposit on the new car. What do you guys think? I tried to look up my car value on KBB but they dont have any numbers up for 2011 cars yet. What do you guys think?

BTW.... The car only had 7500 miles on it and sustained no body damage at all! This shit is crazy
__________________
2011/E92/M3/MR/BB/ZCV/ZP2/EDC/2MT
F82_SID is offline  
0
Reply With Quote
      05-25-2011, 06:43 PM   #2
Alex@Autocouture
BimmerPost Supporting Vendor

 
Alex@Autocouture's Avatar
 
Drives: E30 M3, E92 Frozen GTS
Join Date: Jan 2010
Location: Ny

Posts: 3,424
iTrader: (9)

Garage List
2011.75 E90 BMW M3  [3.83]
2011 bmw/ m3  [0.00]
get a new car, itll just be problems later
Alex@Autocouture is offline  
0
Reply With Quote
      05-25-2011, 06:51 PM   #3
PortoM3
M3lover
 
Drives: SSII M3
Join Date: Nov 2007
Location: Salt lake city, UT

Posts: 409
iTrader: (0)

Send a message via Yahoo to PortoM3
get a new car instead of fixing this one.
PortoM3 is online now   United_States
0
Reply With Quote
      05-25-2011, 06:52 PM   #4
LateBraking
Brigadier General
 
LateBraking's Avatar
 
Drives: Reliable Cars
Join Date: Sep 2008
Location: Pacific Standard Time

Posts: 3,878
iTrader: (27)

Quote:
Originally Posted by Studntloan View Post
get a new car, itll just be problems later
I second this.
LateBraking is offline   United_States
0
Reply With Quote
      05-25-2011, 06:53 PM   #5
Seattle S65B40
Major
 
Seattle S65B40's Avatar
 
Drives: 2008 e92 M3
Join Date: Jan 2011
Location: PNW

Posts: 1,396
iTrader: (0)

Garage List
2008 BMW M3  [0.00]
Quote:
Originally Posted by Studntloan View Post
get a new car, itll just be problems later
+1. Sorry to hear. SL is right, the lost value of your repaired car will be greater than the difference in down payment for you to get a new one - if that makes sense...
__________________

Club 6MT
2008 E92 M3 6MT, AW/Blk Ext., brushed aluminum
2006 E46 M3 ZCP 6MT Carbon blk/blk(sold)
2001 E46 325Xi 5MT Jet Blk/Blk (sold)
Seattle S65B40 is offline   United_States
0
Reply With Quote
      05-25-2011, 06:54 PM   #6
knifegun
Major
 
knifegun's Avatar
 
Drives: M3
Join Date: May 2008
Location: Where the weather is always the same

Posts: 1,069
iTrader: (0)

How is it that you slid that much? Did you have DSC off? I have never come close to losing it in the rain in my car with DSC on even in MDM mode.
knifegun is offline   Turkmenistan
0
Reply With Quote
      05-25-2011, 06:55 PM   #7
Seattle S65B40
Major
 
Seattle S65B40's Avatar
 
Drives: 2008 e92 M3
Join Date: Jan 2011
Location: PNW

Posts: 1,396
iTrader: (0)

Garage List
2008 BMW M3  [0.00]
Quote:
Originally Posted by knifegun View Post
How is it that you slid that much? Did you have DSC off? I have never come close to losing it in the rain in my car with DSC on even in MDM mode.
gravel was likely the culprit, but speed was probably the biggest contributing factor.
__________________

Club 6MT
2008 E92 M3 6MT, AW/Blk Ext., brushed aluminum
2006 E46 M3 ZCP 6MT Carbon blk/blk(sold)
2001 E46 325Xi 5MT Jet Blk/Blk (sold)
Seattle S65B40 is offline   United_States
0
Reply With Quote
      05-25-2011, 06:57 PM   #8
klammer
Brigadier General
 
Drives: 11 spc gry m3 e90, 07 X5
Join Date: Jan 2010
Location: chicago

Posts: 3,238
iTrader: (0)

total it and move on, sorry to hear it, but life's full of these speed bumps.
__________________
mods: akra evo, dinan 3.45 diff, ess akra tune, dinan stg.3, Alcon bbk, HRE P40
klammer is offline  
0
Reply With Quote
      05-25-2011, 06:57 PM   #9
sameh
Major
 
sameh's Avatar
 
Drives: 2011 E92 M3 DCT JetBlk
Join Date: Aug 2010
Location: NC

Posts: 1,467
iTrader: (0)

Quote:
Originally Posted by PortoM3 View Post
get a new car instead of fixing this one.
No doubt. Well if course if you can influence the insurance adjustor enough to total it. But losing 5K and be able to drive a new car, priceless.
__________________
2011 E92 BatMobile JtBlk/Blk/Blk CF
sameh is offline   United_States
0
Reply With Quote
      05-25-2011, 07:05 PM   #10
elp_jc
Brigadier General
 
Drives: .
Join Date: May 2008
Location: .

Posts: 4,910
iTrader: (0)

Insurance companies always pay ACV (- deductible), which means 'ACTUAL CASH VALUE'. And it has nothing to do with payment method. People who give a low down payment, are 'upside down' the moment car leaves the dealership, meaning if car is totalled, they'd owe money to the finance company. Don't want to sound pessimistic, but the 'market value' of your car is probably lower than you think. The good news is with $11K down, you might not owe anything... but don't expect much change either.

Hey, may I ask why the hell a new engine ? If you hit the engine with the curb, I don't even want to know how fast you were going man . Good luck.

Last edited by elp_jc; 05-25-2011 at 07:14 PM.
elp_jc is offline   United_States
0
Reply With Quote
      05-25-2011, 07:10 PM   #11
spdy330
Major General
 
spdy330's Avatar
 
Drives: 05 Tundra, 11 M3, 08 Odyssey
Join Date: Dec 2009
Location: Chino, CA

Posts: 5,997
iTrader: (159)

Garage List
Send a message via AIM to spdy330 Send a message via Yahoo to spdy330
Sorry to hear this OP. I too would take a new car. Glad you two are okay though.

I need to have fun with this too.

__________________
- 2006 E90 330i TiAG retired.
- 2011.75 E90 M3 - BMW Performance Exhaust, BMW Performance Grills, Lux H8 V3, Reflector delete Euro style, Ceramic Tint 58%, Brembo 380mm BBK, V1 with custom multi-color display by www.Radar-Mirror.com - custom radar mount by www.performancepackage.com.
spdy330 is offline   United_States
0
Reply With Quote
      05-25-2011, 07:12 PM   #12
poopdeckpappy
Private First Class
 
poopdeckpappy's Avatar
 
Drives: 08 e92 m3
Join Date: Dec 2010
Location: atlanta

Posts: 130
iTrader: (0)

Quote:
Originally Posted by elp_jc View Post
Insurance companies always pay ACV (- deductible), which means 'ACTUAL CASH VALUE', which has nothing to do with payment method. People who give a low down payment, are 'upside down' the moment car leaves the dealership, meaning if car is totalled, they'd owe money to the finance company. Don't want to sound pessimistic, but the 'market value' of your car is probably lower than you think. The good news is you shouldn't owe anything, but don't expect much change either. Good luck man.
This is true, every painful word of it. You will be stunned at what they tell you the value is. Sorry to hear and glad you didn't get hurt.
poopdeckpappy is offline  
0
Reply With Quote
      05-25-2011, 07:22 PM   #13
Brandon26pdx
Lieutenant Colonel
 
Drives: 2011 135i
Join Date: Oct 2007
Location: Portland, OR

Posts: 1,938
iTrader: (1)

Yeah, crashing cars is expensive business. You want it totaled and out of your life if possible. Don't count on getting a dime of your down payment back. If you do, consider it a windfall.
Brandon26pdx is offline   United_States
0
Reply With Quote
      05-25-2011, 07:24 PM   #14
Brandon26pdx
Lieutenant Colonel
 
Drives: 2011 135i
Join Date: Oct 2007
Location: Portland, OR

Posts: 1,938
iTrader: (1)

How is it the engine has anything wrong with it if the body is fine? Sounds very bizarre.
Brandon26pdx is offline   United_States
0
Reply With Quote
      05-25-2011, 07:41 PM   #15
racedoc11
Major
 
racedoc11's Avatar
 
Drives: 2013 Audi RS5 & 08 M3 E93 SOLD
Join Date: Jan 2008
Location: USA

Posts: 1,250
iTrader: (1)

Garage List
2013 Audi RS5  [5.00]
2008 E93 M3  [5.00]
+1
Quote:
Originally Posted by elp_jc View Post
.................Hey, may I ask why the hell a new engine ? If you hit the engine with the curb, I don't even want to know how fast you were going man . Good luck.
racedoc11 is offline   United_States
0
Reply With Quote
      05-25-2011, 07:41 PM   #16
MMMeister
Enlisted Member
 
MMMeister's Avatar
 
Drives: E92 M3
Join Date: Jan 2011
Location: Valencia, CA

Posts: 37
iTrader: (0)

I guess during the slide when the wheel was pushed inward, the A-arms pushed inward and punctured the engine or at least cracked the block.

Ouch!
__________________
2011 E92 SG DCT ZCP
MMMeister is offline   Philippines
0
Reply With Quote
      05-25-2011, 07:47 PM   #17
donovan
Brigadier General
 
donovan's Avatar
 
Drives: E92 m3 AW, light package
Join Date: Aug 2008
Location: le' Murica

Posts: 3,494
iTrader: (12)

Sorry to hear about this brother.
__________________


e46 m3 Black
Too many mods
donovan is offline   Germany
0
Reply With Quote
      05-25-2011, 07:50 PM   #18
F82_SID
Brigadier General
 
F82_SID's Avatar
 
Drives: 2011.5 MR/BB E92 M3
Join Date: Jan 2008
Location: Denver, CO. USA

Posts: 3,118
iTrader: (2)

Quote:
Originally Posted by elp_jc View Post
Insurance companies always pay ACV (- deductible), which means 'ACTUAL CASH VALUE'. And it has nothing to do with payment method. People who give a low down payment, are 'upside down' the moment car leaves the dealership, meaning if car is totalled, they'd owe money to the finance company. Don't want to sound pessimistic, but the 'market value' of your car is probably lower than you think. The good news is with $11K down, you might not owe anything... but don't expect much change either.

Hey, may I ask why the hell a new engine ? If you hit the engine with the curb, I don't even want to know how fast you were going man . Good luck.
I was probably only going about 15mph.... They say I need a new engine because metal shavings got into the engine during the accident some how.
__________________
2011/E92/M3/MR/BB/ZCV/ZP2/EDC/2MT
F82_SID is offline  
0
Reply With Quote
      05-25-2011, 07:59 PM   #19
Seattle S65B40
Major
 
Seattle S65B40's Avatar
 
Drives: 2008 e92 M3
Join Date: Jan 2011
Location: PNW

Posts: 1,396
iTrader: (0)

Garage List
2008 BMW M3  [0.00]
I call BS on that. Get a second opinion.
__________________

Club 6MT
2008 E92 M3 6MT, AW/Blk Ext., brushed aluminum
2006 E46 M3 ZCP 6MT Carbon blk/blk(sold)
2001 E46 325Xi 5MT Jet Blk/Blk (sold)
Seattle S65B40 is offline   United_States
0
Reply With Quote
      05-25-2011, 08:07 PM   #20
badbimmer
Private First Class
 
Drives: E92 M3 White/Fox Red CF
Join Date: Dec 2010
Location: NY

Posts: 104
iTrader: (2)

it's BS. Get a second opinion. Stealership is taking you for a ride.
badbimmer is offline  
0
Reply With Quote
      05-25-2011, 08:21 PM   #21
Seattle S65B40
Major
 
Seattle S65B40's Avatar
 
Drives: 2008 e92 M3
Join Date: Jan 2011
Location: PNW

Posts: 1,396
iTrader: (0)

Garage List
2008 BMW M3  [0.00]
One time, in my E46 325xi, i was driving around in an empty parking lot, leaving work late at night. I had just gotten my tints put on and wasn't used to the decreased visibility. I was in the midst of a fully-locked turn to head the other way and exit the parking lot when I crashed into a parked car that I did not see. the force of the impact was sustained only by the front left wheel - it pushed it in pretty bad and I needed a host of repairs.

EVEN WITH AWD, the repairs were not more than $5000. I think you should definitely have the car towed to another place and see what they say. It might be worth it in the long run. Then again, if the goal is to have it totaled, stay where you are. once the ins co says no go to totaling, then mitigate repair costs and get another opinion for sure.
__________________

Club 6MT
2008 E92 M3 6MT, AW/Blk Ext., brushed aluminum
2006 E46 M3 ZCP 6MT Carbon blk/blk(sold)
2001 E46 325Xi 5MT Jet Blk/Blk (sold)
Seattle S65B40 is offline   United_States
0
Reply With Quote
      05-25-2011, 08:36 PM   #22
NYCMCBM3
Colonel
 
NYCMCBM3's Avatar
 
Drives: 2012 MCB E92 M3
Join Date: Apr 2010
Location: South Ozone Park,NY

Posts: 2,718
iTrader: (13)

get a new car, its not worth fixing this one at all
__________________
2012 MCB///M3
NYCMCBM3 is offline   No_Country
0
Reply With Quote
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 05:39 PM.




m3post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST