What's the best way to get a value on my 1987 IROC-Z? It was wrecked , not my fault but they want to total the car based on the age. Had it in good running order and was getting ready to do interior a
Most insurance companies use either Kelley Blue Book or NADA to value a car. When a car is totalled the insurance company buys the car from you. You can retain the right to salvage (keep the car) for a small fee. Salvage is the key word here. If you decide to do that what you are doing is buying the car back from the insurance company. You will get s SALVAGE TITLE! Be careful, here's where it gets tricky. In order to re-register the car you must have it inspected, show receipts for repairs, and if used parts are put on the car, the VINs (vehicle identification numbers) of all the doner cars. Once you've done that you will get a "rebuilt" title and can re-register the car to drive. But from this point on the car will be "branded". Even if the title is "washed" (highly illegal) it will always show up on a vehicle history report like carfax or autocheck. HTH. - Jim
Ask the insurance company to show you what they think i worth then contact the department of insurance of your state and find out what your rights are and then read your policy regarding a total loss. Get with your agent and have him/her do some of the leg work for you. I would keep the car if I were you. That will be a collector's car in a few more years. It's very tough to find them and if your has a 5.7 block that's even harder. I would also look up values in KBB but you must first find out how much the insurance will pay you and then go to the department of insurance for free help. Good luck bud, sorry about the car.
worth from $2,650 - $8,600
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