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Thats the word on the street...

I'm looking to get out of the sports car arena for a while now... I'm going to take the equity I had in the Vette and my Silverado and probably get a Grand Cherokee or a brand new pickup...

 
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what you gunna do with that motor?

 
Rep Power: 1093

sad to see the vette go

 
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He can't keep it, or else it will be insurance fraud or whatever else they could get you for. It has to go with the totalled car...if i'm not mistaken.

 
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unless he buys the whole car

 
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When a vehicle is totaled you can buy it back from the insurance company for what a junkyard will pay for it. They don't typically look at the mods done to the car, just the year, make, model.

I know because I just went thru this last summer...

I was only gonig to have to pay $500 for my car, but I pissed an moaned enough from them not payin me as much as they should they waived the retention fee and let me keep it out right. And in Josh's case, I doubt he would pay much more than $1000 to keep the car. The motor/tran can be sold for around 15-1800, but a junkyard has to pay to pull it and store it until someone wants it. The rest of it is just mis. interior stuff since the body panels are pretty much toast.

**Yes I know there are a ton of parts on there that also could be sold, I am just talkin about what an insurance company is going to look at**

 
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I still havent gotten word from the insurance company, but according to kbb, book value is $23,000... the Chevy dealership seems to think I'll get 23,000 - 27,000 for it, and the Ford dealership thinks I'll probably get more. This is not including all upgrades (which I still have receipts for)... just thought I would say goodbye to the sports car arena, probably for a while... Word on the street is that I'm going to the dark side too... Hopefully next week I'll have pics...