Blah, another sob story - Bimmerfest - BMW Forums



Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > 3 Series & 4 Series > E46 (1999 - 2006)

E46 (1999 - 2006)
The fourth generation 3 Series (E46 chassis) was introduced in 1999 and set the standard for engineering and performance during it's years of production including being named to Car & Driver's 10 best list every one of those years! ! -- View the E46 Wiki

Reply
 
Thread Tools Display Modes
  #1  
Old 07-20-2012, 03:00 PM
gshin gshin is offline
Registered User
Location: Indianapolis
 
Join Date: Sep 2010
Posts: 68
Mein Auto: 02 325i
Blah, another sob story

On the way to a doctor's appointment yesterday, and a lady pulled out and hit me. Got the initial calls to both insurance companies out of the way last night, but no follow up from her insurance as yet to authorize work.

First estimate is at $2500. I don't really care since it's not my nickel, but... there's a chance the current value (damaged) + insurance check is greater than the future value (repaired). Not having been in this situation before, any thoughts? Or am I just having a pipe dream? I figure I'll hit a CarMax to get an offer as well as trade in value (assuming they have an e46 in a manual somewhere).

-g


Last edited by gshin; 07-20-2012 at 03:04 PM. Reason: forgot to add image :/
Reply With Quote
Sponsored Links
Advertisement
 
  #2  
Old 07-20-2012, 06:54 PM
FredoinSF FredoinSF is offline
Officially Welcomed to the 'Fest
Location: Reno NV & Healdsburg CA
 
Join Date: Nov 2009
Posts: 6,715
Mein Auto: 4 BMWs, 1 Mini, 1 Vespa
At $2,500 you are still in the clear. Unless some major mechanical components were missed (AC condenser, radiator, airbag parts) you should get your car back.

Indiana has a pretty strict law about forcing the car into a total loss status once it hits a certain percentage of its base value. I don't recall that percentage is something tells me it is lower than the typical 75 to 80%. If it ends up being totalled, the insurance company will still be able to determine the value of your car even if it is a manual. They use the base value of year make and model in your area, then adjust for miles, options and condition. They are under no obligation to find a manual transmission vehicle as a comparison, the transmission is simply handled as an option. Incidentally, this sort of stuff is what I deal with Monday through Friday

If you get to the point where the car is totalled and you are not getting what you feel it's worth you may need to start finding your own comps. I had to do exactly that when a tree fell on my e24.
__________________



Reply With Quote
Reply

See More Related BMW Stories


Forum Navigation
Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > 3 Series & 4 Series > E46 (1999 - 2006)
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 On



Forum Jump


All times are GMT -7. The time now is 05:51 AM.


Powered by vBulletin® Version 3.8.8
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
© 2001- VerticalScope Inc. All rights reserved.