Thread: Rebuilt E55
View Single Post
  #8  
Old 05-29-2005, 05:16 PM
Hatterasguy's Avatar
Hatterasguy Hatterasguy is offline
Zero
 
Join Date: Nov 2002
Location: Milford, CT
Posts: 19,318
Insurance companies are far from stupid and with such a new car they would have fixed it if the damage was less then the book value. So what is the book value on a clean 01 E55 with low miles? High $20k's? Lets say $27k for arguments sake. So the insurance company wrote it off becuase the damage was greater then $27k and then sold it at an auction. Some hack job comes along buys it and another smashed up W210 and all of a sudden you have a car that looks decent but is a pos death trap.

$8k for totaled E55 + $4k and some welding later. If they are selling it for $17k they are making money on it somewhere.
__________________
1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200
Reply With Quote