Totaled 2022 F250 Rebuild

Fun tidbit about titles and cross states.

A lot of fraud was going on when some would buy a totaled vehicle then take the title to another state to register where they would title it clean. It was a certain few but people were being scammed good. If I recall Arizona was in play. They all then decided there needed to be a system in place to report to them all and it was created. They all welcomed the NMVTIS or National Motor Vehicle Title Information System. This service is run at every retailer, dmv etc etc. It's pretty good actually except for in a case where there is a slight delay to report. None the less, it will be on there down the road. 

Also, most insurance companies will steer clear of "branded titles" due to certain liability reasons. I've been told there has been severe cases lost in court due to the driver at fault, driving a "branded title" vehicle. In other words, there possibly has been malfunctions as you can imagine from the repair. 

As for lenders,  hardly none out there that I know of. I think even Navy Fed got away from them recently. 

Just some info for all. 

 
I remember way back hearing something to the effect that if the cost to repair was greater than 75% of the value of the vehicle then it would get totaled. That's definitely not the case anymore. Insurance companies declare total losses on vehicles for some pretty minor or easily repaired things. IDK if they just don't want the hassle or maybe it's because modern vehicles like mentioned earlier can have a lot of hidden problems that arise after the repairs begin so maybe they just apply an additional value to that even if it might not be the case every time.

Peas

 
Rorschach said:
I remember way back hearing something to the effect that if the cost to repair was greater than 75% of the value of the vehicle then it would get totaled. That's definitely not the case anymore. Insurance companies declare total losses on vehicles for some pretty minor or easily repaired things. IDK if they just don't want the hassle or maybe it's because modern vehicles like mentioned earlier can have a lot of hidden problems that arise after the repairs begin so maybe they just apply an additional value to that even if it might not be the case every time.

Peas
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They start out at 75% of the  threshold and end up over.  Customer isn't happy, takes up shop space for MONTHS, overall, the cost of repairs is pushing more and more cars toward total losses.  

 
Rorschach said:
I remember way back hearing something to the effect that if the cost to repair was greater than 75% of the value of the vehicle then it would get totaled. That's definitely not the case anymore. Insurance companies declare total losses on vehicles for some pretty minor or easily repaired things. IDK if they just don't want the hassle or maybe it's because modern vehicles like mentioned earlier can have a lot of hidden problems that arise after the repairs begin so maybe they just apply an additional value to that even if it might not be the case every time.

Peas
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Maybe the high salvage value influences this?

 
Rorschach said:
I remember way back hearing something to the effect that if the cost to repair was greater than 75% of the value of the vehicle then it would get totaled. That's definitely not the case anymore. Insurance companies declare total losses on vehicles for some pretty minor or easily repaired things. IDK if they just don't want the hassle or maybe it's because modern vehicles like mentioned earlier can have a lot of hidden problems that arise after the repairs begin so maybe they just apply an additional value to that even if it might not be the case every time.

Peas
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we had 2 incidents this past year in our family. we have farmers, son got hit broadside and hit the back door, cab corner, bed side and the body shop thought for sure since it was into the cab it was done. Nope, it was repaired. 2 months later my daughter was backing out of a house and a a/c guy had jumped in his truck in a hurry and backed out into her. it was a good hit, took out trunk, rear fenders, trunk lid, etc and we thought it was totaled. by the time it was done it should have been.

Body shop told me if it was anyone but farmers they would have been totaled. he showed me about 4 vehicles totalled that week by progressive and one other company and he bought them because they were such easy fixes. one was a little suv that had the frame horns sticking thru the bumper cover and a damaged rear gate. they had told the insurance company it was on their frame machine and was perfect with no frame damage and it was still totalled. 

hell he had a mclaren in there, a 16 year old kid backed into it in a parking lot, i could see that one lol, i think he said the headlight was like 4k, and all the parts had to come from overseas, but he said hell I could patch it up and make it look like new without replacing fender and front fascia with new parts pretty cheap but he said to him it was higher miles so he just sent it to copart.

then you get into factory parts, or aftermarket, etc. He was pissed that on the toyota they would only pay for aftermarket fenders, and he said he'd been thru this enough that he just bought the oem fenders and took the reduced retail because it saves them time vs. trying to make an aftermarket fit right. and on the truck, they found a same color door, and repainted it, so it was the same color all the way down i guess.

 
after looking at this, it just reminds me why I refuse to spend the coin on a new truck... 80-100k for a truck and they're totalled w/o a 2nd thought. it's sad really

 
Lots of great info in here... :cheers:

 
I guarantee that insurance companies look at vehicle loss in one way, money. What's the best and least expensive way for the company to get through this. They look at the estimate for repairs, possible amount of supplement for items missed and part price increases, is there rental coverage to be paid for while under repair, and what's the salvage worth. Condition or quality of repaired vehicle is not their concern. That is between repair facility and vehicle owner.

 
I got $35k for my totalled dually.. bought it back for $6.5k... another $6k to fix the broken tie rods,...starter, etc. my daily driver...

abc

IMG_7896.mov

 

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IDK what the salvage value is on this truck but I'd be all over it if it were me 

 
Rorschach said:
IDK what the salvage value is on this truck but I'd be all over it if it were me 
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Well, here's what 16 yrs in the car business will do to you....

I had already looked up a used one and found a very comparable one at 60k 

MSRP new was 100k 

The damage on this truck would be safe to say between 10k and 15k on the low side of things, I'm cheap and cut corners that aren't detrimental 

That being said, me myself I would want to be in that truck at about 60% value of a clean title one. That would be repaired at max 40kish and a high set bar of 45k tops! That's pushing it. 

So if it can be had for 30k in as is condition, yes. I'd be all over this too! 

Sounds crazy but again, I'm acting like a dealer, looking at it at an auction the way it sits. 

 
Chingon619 said:
Well, here's what 16 yrs in the car business will do to you....

I had already looked up a used one and found a very comparable one at 60k 

MSRP new was 100k 

The damage on this truck would be safe to say between 10k and 15k on the low side of things, I'm cheap and cut corners that aren't detrimental 

That being said, me myself I would want to be in that truck at about 60% value of a clean title one. That would be repaired at max 40kish and a high set bar of 45k tops! That's pushing it. 

So if it can be had for 30k in as is condition, yes. I'd be all over this too! 

Sounds crazy but again, I'm acting like a dealer, looking at it at an auction the way it sits. 
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Subtracting about a 3rd or more is typically the way I look at values on salvage vehicles after they've been repaired and only if I can find proof it was a wreck and not water damage. 

Peas

 
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Rorschach said:
Subtracting about a 3rd is typically the way I look at values on salvage vehicles after they've been repaired and only if I can find proof it was a wreck and not water damage. 
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So 66% yea, pretty standard. 

Edited to add: I too would pay a little more if damage was minimal, or desire, or high demand unit etc right... but it's crazy what some people still pay for a salvage unit or have any idea what it even means. Dice roll for sure. 

 
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Well the good thing is I know the kid who wrecked it. I was the one who meet him at the accident and truck doesn't look all that bad.

I know he paid right at $90 before taxes. Called my insurance today and they said they will insure it. they informed me the cost is the same as a new truck. However the collision payout is that of a salvaged title vehicle. So I still have to pay top dollar to receive a lower pay out if its wrecked. The good thing is a lower pay out will probably be higher than what I have in it. Win/Win

 
Another question, looking at this picture is there any reason the air bags did not deploy?

Truck1.jpg

 
Not hard enough hit! Be glad, big bucks.

 
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Cable Guy said:
Another question, looking at this picture is there any reason the air bags did not deploy?

View attachment 90740
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Were both cars moving at impact? Looks like a high hit, so it took longer for the car to stop. Sensors are set off by the severity of the impact...if it doesn't stop "fast" enough, not enough energy to trigger bags. Belts probably locked up. 

 
As soon as the insurance buy back goes through I will let ya know.

Looks like truck and repairs will be somewhere in the high $40's low $50;s

looking at comparable trucks all are priced above $75 with a ton of miles

I like the odometer reading 6991 miles. Plus I know how the owner has taken care of it.

So Chingon619  my SD neighbor sleep good tonight.

 
Cable Guy said:
As soon as the insurance buy back goes through I will let ya know.

Looks like truck and repairs will be somewhere in the high $40's low $50;s

looking at comparable trucks all are priced above $75 with a ton of miles

I like the odometer reading 6991 miles. Plus I know how the owner has taken care of it.

So Chingon619  my SD neighbor sleep good tonight.
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Hopefully you can keep it at or under 50k and you'll be gravy! Those ones for 75k even with the ton of miles are retail, clean title, safety inspected yadda yadda. This is much more like private sale-ish, all risks involved, good luck charms etc the stress of the repairs and crap, catch my drift? There's money in hitting the easy button for others, as for me... I'm with you!! Runit!! 

 
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