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Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > 5 Series > E39 (1997 - 2003)

E39 (1997 - 2003)
The BMW 5-Series (E39 chassis) was introduced in the United States as a 1997 model year car and lasted until the 2004 when the E60 chassis was released. The United States saw several variations including the 525i, 528i, 530i and 540i. -- View the E39 Wiki

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  #1  
Old 02-07-2013, 12:42 PM
sae85400 sae85400 is offline
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Mein Auto: 2000 528i
Salvage Options

So my bmw is being totaled by the insurance company...

I asked if i could keep the car and they said I could for $400(basically what they would get to junk it)..

My question is can you insure a car that will come with a salvage title?

THe damage is mostly superficial(2 bumpers, paint, etc) and they valued my car at $6,600 so it didn't take long to get to that price.

It might be worth it to me to pay $400, get new bumpers, mirrors, etc and drive it more..only has 125,000 on it.
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  #2  
Old 02-07-2013, 12:49 PM
aspensilver540 aspensilver540 is offline
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call your insurance company
in California, of course
ya fix it!
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  #3  
Old 02-07-2013, 12:58 PM
JKRIT JKRIT is offline
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As a general rule of thumb in the used car business, a salvage title cuts the selling price of the car in HALF. If the insurance company will only value the rebuilt car for around $3000, would you bother to carry anything but liability insurance on it?
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  #4  
Old 02-07-2013, 01:21 PM
aspensilver540 aspensilver540 is offline
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Jeez these cars are worth so little I didn't even consider someone having anything but liability, lol
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  #5  
Old 02-07-2013, 02:21 PM
leesmithh21 leesmithh21 is offline
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Quote:
Originally Posted by aspensilver540 View Post
call your insurance company
in California, of course
ya fix it!
this is ur answer
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  #6  
Old 02-07-2013, 03:15 PM
daytradeoil daytradeoil is offline
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Mein Auto: 2001 bmw 525i
keep it and have them cut you a check for $6200. shouldnt cost more then $1200 to fix. you can get the m5 front and rear bumpers for around $500 for both if you want to switch things up or have ur current ones sanded filled and repainted. 5k in the bank.

and if you dont want to deal with fixing it. sell it as is. collect $6200 and sell it for $3000.

you are in a win win position.

edit: (you said you were rear ended in a previous post so im assuming the other ins company is taking care of it)

Last edited by daytradeoil; 02-07-2013 at 03:20 PM.
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  #7  
Old 02-07-2013, 03:18 PM
sae85400 sae85400 is offline
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It would be liability only...

found a rear bumper from ROCKAUTO for $79...it's a start

Have to verify a few other things but seems that this would be quite a deal..

Looks like i will be adding a 98 bmw 528i with $88k miles..found it this afternoon..
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  #8  
Old 02-07-2013, 08:35 PM
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bluebee bluebee is offline
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Quote:
Originally Posted by sae85400 View Post
can you insure a car that will come with a salvage title?
Yes.

And, as noted, you're only going to have liability - which doesn't care about how much YOUR car is worth (it cares how much OTHER cars and people and medical bills are worth).

See also:
- Philosophical risk tolerance considerations for collision, comprehensive, and liability insurance (1)
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Each repair should invariably add to our knowledge base by the process of inexorable incrementalism.
Your job, in return, is to read the suggested threads, where the best people will always add value to those threads, either by pictures or by descriptions, so the next person with the same problem stands on your shoulders.
See also: E39 Bestlinks & How to easily find what you need

Last edited by bluebee; 02-07-2013 at 08:36 PM.
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Old 02-08-2013, 06:23 AM
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tmvE39/E53/Z32 tmvE39/E53/Z32 is offline
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Quote:
Originally Posted by sae85400 View Post
It would be liability only...

found a rear bumper from ROCKAUTO for $79...it's a start

Have to verify a few other things but seems that this would be quite a deal..

Looks like i will be adding a 98 bmw 528i with $88k miles..found it this afternoon..

Did you decide to keep the car or go with the "expensive" one?
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