Welcome to Bimmerfest -- The #1 Online Community for BMW related information! Please enjoy the discussion forums below and share your experiences with the 200,000 current, new and past BMW owners. The forums are broken out by car model and into other special interest sections such as BMW European Delivery and a special forum to voice your questions to the many BMW dealers on the site to assist our members!

Please follow the links below to help get you started!

Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > 7 Series / 8 Series > 7 Series - E38 (1995 - 2001)

7 Series - E38 (1995 - 2001)

Reply
 
Thread Tools Display Modes
  #1  
Old 03-19-2013, 09:41 PM
BigBoy740il's Avatar
BigBoy740il BigBoy740il is offline
Officially Welcomed to the 'Fest
Location: Arizona
 
Join Date: Jan 2012
Posts: 290
Mein Auto: 1989/1991 E30; 2000 E38
Goodbye to my 740il

So here's the deal... On my day off, of all days, I drive my car and park it. While leaving the lot a careless driver reverses his Toyota Tundra without looking and hits my car on the right fender. It took all my willpower to keep from kicking his @$$. How could you not see the biggest sled in the parking lot? The body shop quotes $7200 in repairs to bring it back to prior status, but the insurance company only valued my car at $6110. Total Loss.... What the Hell. Somedays it does pay to get outta bed.
The damage included the right edge of hood, right fender, bumper cover, bumper structural support, air pump, radiator support, fender liner, zenon headlight, marker light, bumper Chrome trim, chrome headlight washer nozzle. $3880 just in parts.
Do you think its a good idea to challenge the insurance company's decision to total it or should I just walk away?
__________________


Big Boyz with Bad Toyz.

Last edited by BigBoy740il; 03-20-2013 at 06:03 AM.
Reply With Quote
Advertisement
  #2  
Old 03-20-2013, 05:19 AM
kimokk kimokk is offline
**Bimmer DIYer**
Location: Alexandria, VA
 
Join Date: Dec 2009
Posts: 161
Mein Auto: 00 740iL, 97 M3
Get more estimates. And make his insurance cover it.
__________________
BMW '00 740il w/212,xxx miles, DIY timing chain guides complete! M60 Manifold, BDC Throttle Body, Performance gearing 3.46 LSD, Magnaflow Mufflers
BMW '97 ///M3/2/5 w/96,xxx miles
BMW '91 ///M5 w/156,XXX Smiles
Reply With Quote
  #3  
Old 03-20-2013, 07:26 AM
chrisn7 chrisn7 is offline
Officially Welcomed to the 'Fest
Location: Huddersfield, West Yorks
 
Join Date: Oct 2011
Posts: 557
Mein Auto: 750iL
Not sure how the ins industry works in US, but could you not accept their offer, then buy back and repair yourself? Ins repairs tend to use all new parts, but you can maybe repair some, replace others with second hand, using new where really necessary. Depends on how much you love the car....
Reply With Quote
  #4  
Old 03-22-2013, 09:37 AM
PaystarCEO PaystarCEO is offline
Registered User
Location: Charlotte, NC, USA
 
Join Date: Feb 2006
Posts: 7
Mein Auto: 2000 740IL
If you really love your car, get it fixed (but do negotiate with both your insurance company and shop to make the variance go away)
Do the math - spend $1100 to get your car back to prior status vs take the $6116 and attempt to buy another where you won't have any history with it AND you may or may not have to spend an additional $1100 to get it anyways.

Unless you can buy a replacement for a lot less and walk away with cash in hand, it might make more sense for you to get the car repaired.
Reply With Quote
  #5  
Old 03-22-2013, 08:05 PM
Cangelo629 Cangelo629 is offline
Registered User
Location: Columbia Station, OH
 
Join Date: Dec 2011
Posts: 29
Mein Auto: E38 2001 740iL
Quote:
Originally Posted by PaystarCEO View Post
If you really love your car, get it fixed (but do negotiate with both your insurance company and shop to make the variance go away)
Do the math - spend $1100 to get your car back to prior status vs take the $6116 and attempt to buy another where you won't have any history with it AND you may or may not have to spend an additional $1100 to get it anyways.

Unless you can buy a replacement for a lot less and walk away with cash in hand, it might make more sense for you to get the car repaired.
He Says It All...Negotiate and do the best you can and get it back on the road........
Reply With Quote
Reply

Bookmarks


Forum Navigation
Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > 7 Series / 8 Series > 7 Series - E38 (1995 - 2001)
Today's Posts Search
Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



Forum Jump


All times are GMT -7. The time now is 01:00 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2014, vBulletin Solutions, Inc.
© 2001-2011 performanceIX, Inc. All Rights Reserved .: guidelines .:. privacy .:. terms