I wrecked my car and I am looking for advice on insurance buy back - LotusTalk

wannaberacer · 07-20-2009, 05:57 PM

Ok, first off glad Im still here to type this. Last week I put my elise through a utility pole. Walked away with ten staples in my head, but the car suffered alot of front end damage. The insurance company wants 8k on a buy back. I believe the engine/transmission are fine and the left side of the car is in good shape. The right front wheel flew off, and I have that in the garage. (sheriff brought it to me two days after the accident, hit a house). Anyways, is there anyone out there that would be interested in the car or do you think its worth it to parts it out. Im still really bummed out about the whole thing. Sucks knowing I wont be driving a lotus for a long time.

Thanks

Andrew

waydui · 07-20-2009, 06:12 PM

First, glad you're (somewhat) OK. Utility poles aren't very forgiving.

I'm not sure you can $8K out of the remaining parts, based on the pics.

You'd have to be handy to strip it down the bare parts. I'm guessing the front right suspension and tub are toast?

Regards,
Wayne

miked0511 · 07-20-2009, 07:20 PM

Wayne is right it is not worth the money or the time, let it go.

Aedo · 07-20-2009, 07:26 PM

I'm with Wayne - looks like you've also toasted your rear clam (which would have been worth a grand or so) leaving you with the engine/trans plus the interior (so seats basically). Once you've sold those bits you will then have to dispose of the rest too

- not sure it is really worth the trouble plus you will have the reminder that you can't drive it staring you in the face through out the experience

Take the money (negotiate - their first offer won't be their best) and leave the wreck.

wannaberacer · 07-21-2009, 12:19 PM

thanks for the advice. I know it would just drag the pain out more having to strip the car and look at it everyday in my shop.

E_Swift · 07-21-2009, 03:10 PM

8k may not be bad if the chassis is straight. Suspension damage is really no big deal. Chassis damage IS a bit of a deal, however. If there is chassis damage, something like $4k would be good for the remaining bits.

I'll look for this on auction, but knowing a certain BEAR, he will get it!

Whats the VIN?

What's your location?

wannaberacer · 07-21-2009, 06:02 PM

The car is at an insurance auction yard in buffalo,ny. vin # is sccpc111x5hl34515.

07-20-2009, 05:57 PM	#1 (permalink)
wannaberacer Registered User Join Date: Oct 2007 Posts: 14	I wrecked my car and I am looking for advice on insurance buy back Ok, first off glad Im still here to type this. Last week I put my elise through a utility pole. Walked away with ten staples in my head, but the car suffered alot of front end damage. The insurance company wants 8k on a buy back. I believe the engine/transmission are fine and the left side of the car is in good shape. The right front wheel flew off, and I have that in the garage. (sheriff brought it to me two days after the accident, hit a house). Anyways, is there anyone out there that would be interested in the car or do you think its worth it to parts it out. Im still really bummed out about the whole thing. Sucks knowing I wont be driving a lotus for a long time. Thanks Andrew Attached Images

07-20-2009, 06:12 PM	#2 (permalink)
waydui GR8 SCAPE Join Date: Jun 2005 Location: Kirtland, Ohio Posts: 1,182	First, glad you're (somewhat) OK. Utility poles aren't very forgiving. I'm not sure you can $8K out of the remaining parts, based on the pics. You'd have to be handy to strip it down the bare parts. I'm guessing the front right suspension and tub are toast? Regards, Wayne __________________ _______________________ '05 Elise Magnetic Blue, Black, Touring, Hard Top, Star Shield, Stage II Exhaust, Arqray decat pipe, S2 Front Splitter (UK), Sector 111 Rear Tow Hook, Driving Lights, De-Snorkled, K&N Air Filter, Shift-I System, LSS Dampers & Springs, Sector 111 V-Bar, Schroth Profi II 5 point harness, Exige S Probax seats, 1/4 turn undertray screws, Stealth bulbs, BWR SC with PES tune, Innovative engine mounts, SS brake lines.

07-21-2009, 03:10 PM	#6 (permalink)
E_Swift Back to Basics Join Date: Jan 2009 Posts: 328	8k may not be bad if the chassis is straight. Suspension damage is really no big deal. Chassis damage IS a bit of a deal, however. If there is chassis damage, something like $4k would be good for the remaining bits. I'll look for this on auction, but knowing a certain BEAR, he will get it! Whats the VIN? What's your location? __________________ Current:{2006 Volvo V50}{2005 Lotus Elise}{2005 Subaru Impreza 2.5RS}{2004 Subaru Impreza WRX STi}{1988 Lancia Delta Integrale} Past: {1997 Honda Civic EX}{1994 Infiniti J30}{1992 Volkswagen Passat GL}{1988 BMW M3}{1988 Nissan 300ZX}{1988 Ford Taurus LX}{1971 BMW 2002}

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07-20-2009, 07:20 PM	#3 (permalink)
miked0511 Registered User Join Date: May 2009 Posts: 6	Wayne is right it is not worth the money or the time, let it go.

07-20-2009, 07:26 PM	#4 (permalink)
Aedo anglophile in exile Join Date: Jan 2006 Location: Oz Posts: 2,572 Images: 88	I'm with Wayne - looks like you've also toasted your rear clam (which would have been worth a grand or so) leaving you with the engine/trans plus the interior (so seats basically). Once you've sold those bits you will then have to dispose of the rest too - not sure it is really worth the trouble plus you will have the reminder that you can't drive it staring you in the face through out the experience Take the money (negotiate - their first offer won't be their best) and leave the wreck.

07-21-2009, 12:19 PM	#5 (permalink)
wannaberacer Registered User Join Date: Oct 2007 Posts: 14	thanks for the advice. I know it would just drag the pain out more having to strip the car and look at it everyday in my shop.

07-21-2009, 06:02 PM	#7 (permalink)
wannaberacer Registered User Join Date: Oct 2007 Posts: 14	The car is at an insurance auction yard in buffalo,ny. vin # is sccpc111x5hl34515.

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