Accident: totaled decision & new car timing

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:I wouldn't buy a new car instantly unless your plan is to pay whatever one dealer asks. It'll take a little time to gather quotes from multiple dealers, which is the way to get a good price. You may also want to expand your universe of potential replacement vehicles, as some brands and models will represent better deals. But, if you're set on a used Volvo and find one you like at a price which seems reasonable, go for it.

She needs to be doing the shopping now because once it's officially totaled the clock starts running on the rental car from insurance.

wrong, if she is not at fault the offender must pay the rental and then when that's exhausted her rental benefit kicks in.

It ends the day you get check. My car was a obvious total and Progressive got me check in a few days. Other one the car may have been fixable it just took a few more days.

But obivious total. Is quick. My car was a 2011 only worth $9,000 and easy total. April 2nd is when tarrifs kick in. You can buy one for $500 to hold it a few days and you will now by then. The adjuster got my car checked out in three days. It was in a lot progressive was paying for. They got it out of there quick and I signed title over in person and got check and it was on line in CoPart in a few hours for sale.

[Anonymous]

BYW a 2015 Volvo V60 is a foreign car. Tarriffs on Foreign car parts also start on April 2nd. Parts ordered pre-April 2nd or in inventory wont be effected. But if not price will rise.

Also a Volvo is not a Chevy Malibu meaning there are not cheap easy to install parts available quickly. They have to pay to store car in a lot and if fixing have to pay you rental car fee till fixed. Insurance may total for that alone .

Rental coverage does not stop date they total car but it does start clocking ticking when it ends. They will pressure you to hand over title and get check in a few days.

My buddy used to buy totaled cars and rebuild and resale for aliving. He would do Ford Taurus, Chevy Cruz, Chevy Malibu cars, all american simple to fix cars.

Why once he buys he is out money, costs money to store them, costs time to fix and he needs parts asap. He also hired low skilled mechanics that got paid less. So wanted easy to fix cars. And also tried to avoid body work. If possible parts that can be replaced. A Volvo is none of those things.

Unless just a bumper, and tailights maybe trunk lid with near zero body work needed will be totaled.

[Anonymous]

Anonymous wrote:BYW a 2015 Volvo V60 is a foreign car. Tarriffs on Foreign car parts also start on April 2nd. Parts ordered pre-April 2nd or in inventory wont be effected. But if not price will rise.

Also a Volvo is not a Chevy Malibu meaning there are not cheap easy to install parts available quickly. They have to pay to store car in a lot and if fixing have to pay you rental car fee till fixed. Insurance may total for that alone .

Rental coverage does not stop date they total car but it does start clocking ticking when it ends. They will pressure you to hand over title and get check in a few days.

My buddy used to buy totaled cars and rebuild and resale for aliving. He would do Ford Taurus, Chevy Cruz, Chevy Malibu cars, all american simple to fix cars.

Why once he buys he is out money, costs money to store them, costs time to fix and he needs parts asap. He also hired low skilled mechanics that got paid less. So wanted easy to fix cars. And also tried to avoid body work. If possible parts that can be replaced. A Volvo is none of those things.

Unless just a bumper, and tailights maybe trunk lid with near zero body work needed will be totaled.

So do you suggest that it's better to buy tomorrow until April 2nd? I had a few fat bills pile up for my dog and just a lot of stuff going on right now for me.

[Anonymous]

Anonymous wrote:

Anonymous wrote:BYW a 2015 Volvo V60 is a foreign car. Tarriffs on Foreign car parts also start on April 2nd. Parts ordered pre-April 2nd or in inventory wont be effected. But if not price will rise.

Also a Volvo is not a Chevy Malibu meaning there are not cheap easy to install parts available quickly. They have to pay to store car in a lot and if fixing have to pay you rental car fee till fixed. Insurance may total for that alone .

Rental coverage does not stop date they total car but it does start clocking ticking when it ends. They will pressure you to hand over title and get check in a few days.

My buddy used to buy totaled cars and rebuild and resale for aliving. He would do Ford Taurus, Chevy Cruz, Chevy Malibu cars, all american simple to fix cars.

Why once he buys he is out money, costs money to store them, costs time to fix and he needs parts asap. He also hired low skilled mechanics that got paid less. So wanted easy to fix cars. And also tried to avoid body work. If possible parts that can be replaced. A Volvo is none of those things.

Unless just a bumper, and tailights maybe trunk lid with near zero body work needed will be totaled.

So do you suggest that it's better to buy tomorrow until April 2nd? I had a few fat bills pile up for my dog and just a lot of stuff going on right now for me.

Not going to shoot up overnight But most places a $500 refundable deposit holds car. Use TrueCar or CarGurus and check dealers for internet pricing before walking into a dealer. Any car on the lot is not effected. But those will start to disappear over time or dealers will start marking them up as less of them.

[Anonymous]

I don't know what insurance companies you all deal with but my wife was in an accident and the insurance man came out two days later to look at it and said its total and can't be fixed.
She didn't have to wait one or two weeks for a settlement either. The insurance man gave us an estimate and negotiated with us and we got a thousand more than what he said and wrote the check on the spot. My wife bought a Lexus that same day. No time was wasted.

[Anonymous]

Update: After initial review and then disassembly, the auto shop estimate was right at the threshold for total loss (per the shop, and was listed as such on the repair estimate). Apparently insurance approved repair directly with the shop (shop said they reached out to me, but I have no VMs or missed calls). [Just noting as I have no idea what standard procedure is.]

I’m thankful we don’t have to rush into a buying a new car; however, I’m assuming this means the value of the car will be pretty low at this point. (Replacement had been on our radar within the next year.) It seems like trying to do a diminished value claim isn’t worth the effort given the age and mileage…anything I’m missing?

Also, our insurance policy is just about to renew (though we paid already)…I’m guessing I’ll need to call to try to get the rate adjusted down for the damaged car and they won’t proactively refund me based on the car’s lower value?

[Anonymous]

Not only will they not refund you anything, they will charge you more because of the accident.

[Anonymous]

Anonymous wrote:Not only will they not refund you anything, they will charge you more because of the accident.

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