insurance buy back prices. anyone with experience?

[toyotaboy]

one of my friends rolled there prerunner v6 tacoma pretty bad. think the frame is still good. its got decent miles since it was a parts deliver truck. any clue what to expect from the insurance company for a direct buyback without going to auction? anyone have any history with rolling vehicles and buying them back and what they were charged? how about talking them down, any luck with that?

04 btw... forgot to mention. entire body is trash including bed but tailgate is good lol. radiator, ac anything on fenderwells are pretty toast. no good glass.

[79coyotefrg]

when the adjuster came to see my truck after my wreck i told him i wanted to keep it, he said thats fine  they would give me the $3500  and they wanted $800  for the buy back,  so i ended up with $2700

[kneedownnate]

There is no magic buy back price or percent.  Each insurance company sets their own paramaters for buy back values, and I'm sure it changes for every vehicle too.  Some guys crash new sport bikes and buy them back for several hundred dollars, and some are told they'd have to pay half the value or more 

[toyotaboy]

when the adjuster came to see my truck after my wreck i told him i wanted to keep it, he said thats fine  they would give me the $3500  and they wanted $800  for the buy back,  so i ended up with $2700

what type of truck was it? i think they just qouted her at 2500 but that seems way too high for the condition its in, i was thinking about 1k

[BLACKDOG]

There is no magic buy back price or percent.  Each insurance company sets their own paramaters for buy back values, and I'm sure it changes for every vehicle too.  Some guys crash new sport bikes and buy them back for several hundred dollars, and some are told they'd have to pay half the value or more 

my old boss hit a cow in his work truck ( '01 chevy silverado) and totalled it.  He bought it back for $800.  This was in '05, and the truck had a 110K on it, but was in great shape.

[toyotaboy]

added pics for better judgment calls or opinions

[79coyotefrg]

what type of truck was it? i think they just qouted her at 2500 but that seems way too high for the condition its in, i was thinking about 1k

dang where have you been ??  it was a 79 TOYOTA

dude,  thats a prerunner??   i wouldnt give them $2500 for that  i'd let them have it

[jimbo74]

that truck is thrashed, i have had quite a bit of experience with vehicle buybacks.....


they charge you tax on blue book, plus like $200 and give you a check for the rest of blue book value....


for that truck above, i would just leave it.... it isnt worth it, unless its got sentimental value to you.....

considering the way it sits, i can almost gurantee there is frame damage

[toyotaboy]

nope no frame damage, have experience with rebuilding trucks so im really not worried about it, ill just slap a new cab on it, frame is still good. already have doors and fenders. who cares if its a prerunner.... ppl still like to buy those, im not gonna use it i already have a 4x4 taco but i can make plenty of money off it.

[jimbo74]

nope no frame damage, have experience with rebuilding trucks so im really not worried about it, ill just slap a new cab on it, frame is still good. already have doors and fenders. who cares if its a prerunner.... ppl still like to buy those, im not gonna use it i already have a 4x4 taco but i can make plenty of money off it.

how do you know there is no frame damage? was it put on a frame machine and checked? look @ the way it sits...... there is likely frame damage....

i have had quite a bit of experience with crashing cars and insurance buybacks and frame damage....


if its worth it to you, then do it.... i wouldnt waste my time or money on it, that thing is toast --- also, keep in mind, licensing of salvaged vehicles..... most peopel have no idea what that entails, and that is something you must disclose when trying to sell it..


there are special rules regarding cab swaps and VIN swaps, and if soemthing doesn't match correctly, you are going to get into a lot of trouble

i have also had quite a bit of experience with salvage title, i just got reissued plates on my salvaged ranger last week, you need a brake nad lamp inspection, surrender the plates, application for a salvage title, and als oa vin verification where they check the dash vin number -- sometimes also check it to the door tag, the frame and under the hood

[kneedownnate]

also, keep in mind, licensing of salvaged vehicles..... most peopel have no idea what that entails, and that is something you must disclose when trying to sell it..

i have also had quite a bit of experience with salvage title, i just got reissued plates on my salvaged ranger last week, you need a brake nad lamp inspection, surrender the plates, application for a salvage title, and als oa vin verification where they check the dash vin number -- sometimes also check it to the door tag, the frame and under the hood

Once you go through all this it's just like owning any other vehicle.  The only way I can afford to own newer sport bikes is by buying them wrecked and fixing them.  All I get every year is a standard vehicle registration renewal form, just like my clean title rigs.  No biggie.

[jimbo74]

Once you go through all this it's just like owning any other vehicle.  The only way I can afford to own newer sport bikes is by buying them wrecked and fixing them.  All I get every year is a standard vehicle registration renewal form, just like my clean title rigs.  No biggie.

no, the regular re-registration is fine, however the fact it is salvaged needs to be disclosed to a buy, he is looking to buy it, cab swap it, and sell it for a quick buck......

there is quite a bit of legwork in it's initial re-registration, still isnt too bad, but it is something that needs to be done, and most people have no idea about it, and if it isnt disclosed, could land him in a lot of legal hot water......

[kneedownnate]

no, the regular re-registration is fine, however the fact it is salvaged needs to be disclosed to a buy

Nope, only if he's a dealer   

[BLACKDOG]

Link on how to "revive" a salvage vehicle
http://www.dmv.ca.gov/pubs/brochures/howto/htvr13.htm

Link on how to obtain a salvage title
http://www.dmv.ca.gov/pubs/brochures/howto/htvr16.htm

Looks like you do have to reveal to the purchaser that it was a slavage vehicle.  Not that that is a huge deal, if its done right, a lot of people don't care.  Some do, some don't


All it is is a bunch of paperwork, not really a huge deal in the long run, esp. if parts are available cheap to the rebuilder, and he can do it right. 

[jimbo74]

Link on how to "revive" a salvage vehicle
http://www.dmv.ca.gov/pubs/brochures/howto/htvr13.htm

Link on how to obtain a salvage title
http://www.dmv.ca.gov/pubs/brochures/howto/htvr16.htm

Looks like you do have to reveal to the purchaser that it was a slavage vehicle.  Not that that is a huge deal, if its done right, a lot of people don't care.  Some do, some don't


All it is is a bunch of paperwork, not really a huge deal in the long run, esp. if parts are available cheap to the rebuilder, and he can do it right. 

oh yeah, its not that it is hard, it jsut needs to be disclosed..... i've done it to 2 vehicles... the 98 ranger i crashed and rebuilt and my old 85 was too....


brake and lamp inspection is like $115, needs smog check (if required) needs a vin verification, and needs the plates surrendered, plus the dmv fees

[kneedownnate]

brake and lamp inspection is like $115

Man, I think it was $10-15 for my bike 

Looks like you do have to reveal to the purchaser that it was a slavage vehicle

That's a new one on me    Last time I checked it was just dealers who had to disclose it.  My friend was buying a beat up old ranger from a dealer once and they didn't tell him until he was signing his name, kinda slipped it in at the end. 

[joey0712]

That thing is toast.... I havent seen it yet till now.. wow!! i got that bed by the way..... Its so nice with a tail gate for free!

[jimbo74]

Man, I think it was $10-15 for my bike 

That's a new one on me    Last time I checked it was just dealers who had to disclose it.  My friend was buying a beat up old ranger from a dealer once and they didn't tell him until he was signing his name, kinda slipped it in at the end. 

thats how much our brake and lamp inspection was last week when i did it to our ranger..... i remembered paying $90 for it before on my toyota years ago, but that was the cheap as i shopped around


according to the dmv, any seller must disclose it as a salvage

[toyotaboy]

--- im grumpy tonight so beware---

i took the truck to nasa and they said the trucks frame was good enough to build a space shuttle around. you seriously sound like you stress too much about stuff... trucks are just freeking pieces or metal. what the question was was buyback prices, i really couldnt care less if you wanna fadangle everyone on the board that reads this into thinking its that hard to accomplish. salvage titles are a piece of cake. yes ive done it. i drive one everyday. its wierd, it rides like a normal truck, it sounds like a normal truck, it even LOOKS like a normal truck, ive never had someone ask if they could see the title of my truck to see if its a salvage vehicle so they could tease me, cause, no one knows. therefore no one cares, on top of that i dont care if ppl care i drive a salvage title, im the one that drives it and im happy cause i worked for it and built it myself and never got a loan. im proud of it. so point being, big scary salvage title... so what. it doesnt take a rocket scientist to bolt metal back together the right way and take it to the chp and brake and lamp insp, and get it smogged. not to say there arent retards out there that do it wrong but maybe thats why you have to get a safety inspection and brake and light in order to register it.

as for telling ppl it has a salvage title, who cares??? if they dont care they will call me on my add and we'll talk, if they dont want it they wont call. plenty of ppl are lookin for a cheap truck and theres enough ppl out there that get the point that a salvage truck has gone through a few test and is as good if not BETTER than most cars on the road cause usually you end up with a lot of fresh parts. AND YOU GET A FEW BUCKS OFF!

I go toss a new cab on a good frame and swap the interior, tow it to a couple places and make a buck... its not that complicated and you shouldnt be scaring ppl about it. i feel like getting it since you claim its toast just to do it and show all the ppl that may read your worries that it aint so scary and it can be done.

anyways thanks for the tids of helpful info to the original question. I appreciate you trying to discourage me and ppl that may read this from doing something that isnt that hard.

how do you know there is no frame damage? was it put on a frame machine and checked? look @ the way it sits...... there is likely frame damage....

i have had quite a bit of experience with crashing cars and insurance buybacks and frame damage....


if its worth it to you, then do it.... i wouldnt waste my time or money on it, that thing is toast --- also, keep in mind, licensing of salvaged vehicles..... most peopel have no idea what that entails, and that is something you must disclose when trying to sell it..


there are special rules regarding cab swaps and VIN swaps, and if soemthing doesn't match correctly, you are going to get into a lot of trouble

i have also had quite a bit of experience with salvage title, i just got reissued plates on my salvaged ranger last week, you need a brake nad lamp inspection, surrender the plates, application for a salvage title, and als oa vin verification where they check the dash vin number -- sometimes also check it to the door tag, the frame and under the hood

[joey0712]

James knows what he is doing. This isnt his first rodeo...... Im sure if he does fix it up he will take care of everything and ya will never know it was wrecked. Jim.... did u work at a body shop or somthing..... I think i remember somone sayin that??

[BLACKDOG]

James knows what he is doing. This isnt his first rodeo...... Im sure if he does fix it up he will take care of everything and ya will never know it was wrecked. Jim.... did u work at a body shop or somthing..... I think i remember somone sayin that??

He's got a hobby of wrecking vehicles.

[jimbo74]

no, never worked @ a body shop, i've just crashed my fair share of cars and have been through the process a few times fixing them up

[joey0712]

toyotaboy knowswhat he is gettin into.......... He was just askin about buy back prices. Not if he was capable.

[kneedownnate]

I remember his taco when he first got it... it was beat!  I think it turned out pretty good!

[joey0712]

Dude.... Have u seen it.... u wouldnt even no it was wrecked. He does a good job with demoed trucks

[toyotaboy]

Thanks for the compliments on my dd taco, well... no word from the insurance company about the price dropping, thinking i might just have to take a factory 85 housing and swap it out in place of that e-locker axle haha... my buddy wants the motor so chances are if i get it ill just part it out and keep some extras for my taco or future build. if he changes his mind on wanting the motor ill swap a cab on despite jimmy, jimbo, jimmy bob, jimmy boys, doubtful outlook on the situation

[joey0712]