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Re: Need advise on PRICE OF RECKED M3 (archive)

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Posted by apex on July 19, 2001 at 19:56:52:

In Reply to: Need advise on PRICE OF RECKED M3 posted by ADAMK on July 18, 2001 at 16:21:13:


Adam
If you have an interest in parting the car out that is your best move. Financially this is likely to be a windfall for you provided you have access to storage etc. What you should be thingking about is settling the ins claim and keeping the car. Establish the salvage value of the car, your ins company should be able to tell you that figure straight up. Note if you keep the car the salvage value will be deducted from the settlement amount. The most difficult issue may be establishing a 'market' value for the car in the first place. If you were unhurt in this accident this may be an uphill climb... If you were injured whatever you do DNO'T settle the PI (personal injury) claim until after the property claim is settled. The important thing to remember is blue/red/black or what ever book they use will not reflect the true value of the car as there are not enough e30 Ms produced and or available to even realistically apply book value. Determine what you will 'take' for the car and hold your ground. I have recently gone through this myself and time is on your side if nothing else...
Good luck!




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