Thread: Total loss
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Old 11-03-2012, 08:48 AM
x3brian x3brian is offline
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Location: Sacramento CA
Join Date: Jan 2011
Posts: 1,279
Mein Auto: X3
Payout formula is as follows:

Car is deemed total loss if repairs exceed the following:

Fair Market Value + taxes/title of replacement vehicle + salvage * 70%

Once it exceeds that car is total loss. That formula is:

FMV + taxes/title + salvage value.


FMV = 32,000
Taxes/title = 5,000
Salvage = 5,000
Payout = 42,000

Total loss if repairs exceed $29,000

Nada is used to calculate FMV using VIN for options.

New car replacement is different but the formulas above are fairly consistent in the industry.

Last edited by x3brian; 11-03-2012 at 08:49 AM.
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