What is the value of 1987 Toyota Corolla

Asked by Nov 12, 2015 at 04:26 PM about the 1987 Toyota Corolla

Question type: General

My 91 neighbor had an accident and the insurance company wants to label it unrepairable and pay her for the car.  Would the parts be worth more than what the insurance company would pay?

2 Answers

Parting out a car is a genuine pain in the ass. You will have to list it on cragislist or ebay and either have all sorts of strange people coming to your house.... or have to deal with shipping and getting paid. Then when all the parts are sold you still have the 'shell' to dispose of... but you will probably get more than what the insurance offers (How much did they offer?) if you have the time, energy and want do deal with it. A 1987 Corolla - wrecked- is virtually worthless, in good running order depending on Trim and mileage is worth maybe $2,000 - to $3,000..... take whatever the insurance offers and call it a day

3 of 3 people found this helpful.

Just a side-note. "Unrepairable" is a lot different than 'totaled' where the cost of repairs is more than the value of the car. That depends on the extent of damage. If it's truly unrepairable it must be pretty well crunched. But totaled it can be fixed.... maybe even if you DIY and get it roadworthy, she would have to buy it back from insurance company because if they pay the fair market value it then belongs to the insurance company. You can't have it both ways, get the money for the car and keep it

2 of 2 people found this helpful.

Your Answer

Corolla

Looking for a Used Corolla in your area?

CarGurus has 56,225 nationwide Corolla listings starting at $1,488.

ZIP:

Toyota Corolla Experts

  • #1
    Tom Demyan
    Reputation
    2,470
  • #2
    tenspeed
    Reputation
    1,840
  • #3
    tennisshoes
    Reputation
    1,780
View All

Related Models For Sale

Used Toyota Camry
1,029 Great Deals out of 73,122 listings starting at $295
Used Honda Civic
770 Great Deals out of 72,767 listings starting at $1,400
Used Honda Accord
1,072 Great Deals out of 61,279 listings starting at $1,099
Used Nissan Sentra
523 Great Deals out of 49,740 listings starting at $2,495
Used Hyundai Sonata
675 Great Deals out of 49,773 listings starting at $500

Used Cars For Sale

2018 Toyota Corolla For Sale
10,411 listings starting at $16,731
2017 Toyota Corolla For Sale
24 Great Deals out of 20,227 listings starting at $11,400
2016 Toyota Corolla For Sale
137 Great Deals out of 5,861 listings starting at $7,490
2015 Toyota Corolla For Sale
163 Great Deals out of 5,016 listings starting at $8,300
2014 Toyota Corolla For Sale
195 Great Deals out of 4,628 listings starting at $5,988

Content submitted by Users is not endorsed by CarGurus, does not express the opinions of CarGurus, and should not be considered reviewed, screened, or approved by CarGurus. Please refer to CarGurus Terms of Use.