Thread: Total loss
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Old 11-05-2012, 01:20 PM
WULFFZA's Avatar
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Location: SoCal
Join Date: Mar 2008
Posts: 347
Mein Auto: 2012 X5 35d / 2011 335i
Originally Posted by x3brian View Post
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.
Why would the insurance pay the salvage value on top? Interested to know as I am waiting on my insurance co to declare a total loss. Since they are paying you the full market value already, why anything they recoup from salvage as well? or is the salvage value not included in payout, just this calculation. So it minimizes chance of total loss?
2012 X5 35d ZAP - Alpine white/Black
2011 335i M-Sport 6MT - Alpine White/Saddle
2005 Toyota 4Runner 4WD Sport Edition, Silver

Gone but not forgotten
2008 M5 6MT - Space Gray/Black ; 2004 545i ZSP - Titanium Gray ; 2003 Z4 2.5i 5MT ZSP Sterling Gray ;
2004 Jeep Grand Cherokee Laredo 4WD; 1996 Mercedes C220 Classic; 1996 VW T3 Caravelle 2.6i ; 1995 VW Jetta III CLX ; 1989 VW Jetta II CLI exec ; 1961 Auto Union (DKW) 1000S
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