DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - Anyone ever buy a vehicle back from the insurance co?

**Sdzqerty** · 09-01-2012, 06:43 PM

They will prefer to just pay you off and have you keep the car, but that's not what most people want to do.

My sister rear ended a guy when she was in college. It bent her hood and smashed a headlight. The insurance company wanted to total it for $2700 minus the $500 deductible. When we asked what buyback would be, they offered $300. So, they ended up writing her a check for $1900. She bought a headlight assembly off ebay for $60, which I installed with electric fence wire and some old blocks of wood for spacers (the mounting plate was bent.) I took the hood off and straightened it with the loader bucket until it would latch.

She drove that car for a couple more years until someone ran a stop sign and t-boned her. Their insurance offered $3200 and she took it since this time it was smashed beyond repair.

She only paid $2900 for that car and ended up collecting over $5000 in insurance payouts. Not bad.

09-01-2012, 06:43 PM	#10
Sdzqerty Join Date Nov 2005 Posts 402 Senior Member	They will prefer to just pay you off and have you keep the car, but that's not what most people want to do. My sister rear ended a guy when she was in college. It bent her hood and smashed a headlight. The insurance company wanted to total it for $2700 minus the $500 deductible. When we asked what buyback would be, they offered $300. So, they ended up writing her a check for $1900. She bought a headlight assembly off ebay for $60, which I installed with electric fence wire and some old blocks of wood for spacers (the mounting plate was bent.) I took the hood off and straightened it with the loader bucket until it would latch. She drove that car for a couple more years until someone ran a stop sign and t-boned her. Their insurance offered $3200 and she took it since this time it was smashed beyond repair. She only paid $2900 for that car and ended up collecting over $5000 in insurance payouts. Not bad.
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