another one bites the dust

That depends.
Can you carry a tune?

 

Dang....you should have thought about it a for a little while instead of just jumping on the first deal that caught your eye!

Congrats!
Don't feel like you have to be an owner/operator to post here, and please provide details of the Cmax. I'm curious....

 

Damn tree, we lost ya : (
They say the FORD hybrids have better MPG for shorter trips.
Now appears our Prius is getting too small for grandkid hauling may have to consider a hybrid wagon down the road.

 

Please post the new thread link so we can find you on the other side of the fence

Mike

 

Why yes I can.

 

Congratulations on the new car Marc! I found the C-Max loaner I had last year spent a lot more time in EV mode than my Prius does, and it will go into EV at freeway speeds when power demand is low. I think you're gonna like it!

 

Very interesting...the estimated repair cost is showing as $10K, with the ACV being $18K. I guess they total them quickly in some states.

 

The formula to total a vehicle is simply do the costs to repair exceed a percentage of the value of the car. In NC it's low, like 20% but each state has their own rules. In this case $10k is roughly 55% of $18k so it's no surprise it was totaled.

However, I find it interesting that VA's threshold on salvage titles is 75% so that'd mean the cost to repair would have to be at least $13,500. I wonder if the insurance company figured that much but the auction company is estimating it to be $10,000.

Virginia Salvaged Vehicle Regulations and Consumer Protections at DMV.org: The DMV Made Simple

Edit: Forgot to add the link.

 

I know it varies by state, I was told in Wisconsin that the repair cost has to exceed 70% of ACV which was why it surprised me.

 

Ah, I gotcha. It is interesting that VA says 75% but this was only 55%. I wonder how that happened.


iPhone ?

 

That makes sense. I believe this is probably the case then. They probably have their own thresholds at which they'll repair and this was above that. If I had to repair my car out of pocket I probably wouldn't want to spend more that much to repair it if a new one costs a little less than double that.

 

I'm just shocked that they have cars out there that were damaged that much without getting a salvage title!

In MN any vehicle where the insurance company pays out that the vehicle is a total loss is considered salvage, the repair cost as a % of the ACV doesn't matter. For self insured owners then the repair costs must exceed 80% of the value.
https://dps.mn.gov/divisions/dvs/forms-documents/documents/salvageandbranding_just_the_facts.pdf

 

Yeah, you have to be careful with used cars. There was a v wagon at a dealership nearby and it was a good price, low miles but the Carfax had an accident reported. That's when the light went off why it was so low compared to other v's in the area.

 

Yeah it will lower the value some, but there's no reason to be nervous of a properly repaired car. I'd buy a car like that in a minute if the work was professionally done and looked okay.