Quote:
Originally Posted by dosmildos
I don’t know how it is where you live (SC?) but in NC once the insurance company declared it a total loss (basically it’ll cost more to repair than it’s worth, according to them) they would give you the estimate to repair and you would negotiate to ‘buy back’ the vehicle. You’d have to fix it for less than they estimated. If you’re attached to your car, it makes sense but your title will be branded as a total loss vehicle for future coverage and it will affect the value when you sell it.
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Yes, SC, and there's a very real possibility that I'm misinformed – I've never been in the position. Branded titles are poison when re-selling and I have no real capacity to repair a totaled car myself, so I think I'd only do it if it were a car that I wanted to keep long term without really worrying about re-sale. And even then I'm not sure.