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Crash Update/ StealerShip!
http://www.lostjeeps.com/forum/phpBB3/viewtopic.php?f=1&t=40503		 Page 1 of 1
Author:  cfreelv711 [ Sat Feb 21, 2009 8:33 pm ]
Post subject:  Crash Update/ StealerShip!
Posted pics from accident on 1/28. 2 weeks for other insured to "accept" liability and tow to Jeep Stealership. On 2/20 they(body shop and ins co.) finally agreed with adjuster and got around to ordering parts. Total damage...$7745.. !! :shock: yes..7 thousand +.!!! So..I think while there maybe i will check on new Jeep..afterall there is a $7,000 check in the shop and seems like a good place to start and frustrated with delays. After "review" I was offered $6300 trade in value :shock: :shock: WTF??..Salesdude Explained this was all it was worth AFTER they fix it because of deminished value from the accident and cost to recondition for sale and BS BS BS BLA BLA :evil: I explained that even tho i went to public school i can figure out they are $1500 Ahead if they throw it in the dumpster and dont fix it plus after it is fixed ( we all know actual cost is way less ) they put it on the lot for $15,000. HMM $7k from ins minus $6k trade in = $1500 PLUS $13k sell = $14k plus plus profit Plus other BS profit (ext warnty, finac kickback ect) Stealership? name earned! :evil:
Author:  ObiHann [ Sat Feb 21, 2009 9:42 pm ]
Post subject: 
And that is why I never get work done at a dealership, and also why when I get into a wrech, I make sure to write it off :P Too much PITA elsewise... Just kidding but my past 2 wrechs were write offs.
Author:  tjkj2002 [ Sat Feb 21, 2009 9:54 pm ]
Post subject: 
A '04 KJ that has been modified and has $7700+ damage to it,$6300 trade in sounds more then fair,actually sounds like a very steller deal to me.It wouldn't be on the lot for more then $8000,maybe $8500.Having a damage discloser on the title drops your resale by 20%-40% depending on the vehicle and damage value.

I worked at a GM/Chrysler dealership bodyshop.Had a '03 Duramax come in(this was in '03 and it had 2000miles on it) come in with $25,000 worth of damage,it should have been $40,000 but he did not want it totaled so we dropped the frame replacement,which it needed since the GM frames are high strength steel that can not be heated to aid in unbending it.After it was fixed he wanted to trade straight up for another '03 Duramax just like his.The owner told him to piss off,lawyers got involved since we stated his truck would not 100% fixed without the new frame and he signed a agreement to that.In the end he lost and then was sent to prison for 40 years for embezzlement.
Author:  Guest [ Sat Feb 21, 2009 10:52 pm ]
Post subject: 
40 years for embezzlement? You must mean 4 years. I've seen murderers get sentenced 10-15. :shock:
Author:  tjkj2002 [ Sat Feb 21, 2009 11:15 pm ]
Post subject: 
icarl wrote:
40 years for embezzlement? You must mean 4 years. I've seen murderers get sentenced 10-15. :shock:
Just one of many things he was busted for.
Author:  cfreelv711 [ Sun Feb 22, 2009 4:32 am ]
Post subject: 
tjkj ... OK..I am upset it is taking so long and I understand damage disclosure reducing resale so $8-9k probably more realistic fixed.. BUT with damage 80% susension/ drivetrain how can it be worth $1500 less than the insurance check to fix it??? My math says if i am dealer, I don't fix it.. take the instant $1500 profit and auction the jeep as is...No risk and no loss as well as moving a brand new jeep off the lot ( more profit ) and having a new customer. I guess I am missing something..My Renegade mostly :( .. driving rental car a month now with at least 3 weeks to go... :?: anybody ever try to 4-wheel a :lol: chrysler 300?? high centers easily..lol. I really didn't want a $600 monthly payment now anyway :roll: Stealer says its worth $6300..Ins says its worth $13,400..(so they don't have to total loss it and save them some money) Oh well the body shop guy seems cool and I will be getting ARB bumper for about $300...and then hunting for BMW's :twisted:
Author:  tjkj2002 [ Sun Feb 22, 2009 9:17 am ]
Post subject: 
cfreelv711 wrote:
tjkj ... OK..I am upset it is taking so long and I understand damage disclosure reducing resale so $8-9k probably more realistic fixed.. BUT with damage 80% susension/ drivetrain how can it be worth $1500 less than the insurance check to fix it??? My math says if i am dealer, I don't fix it.. take the instant $1500 profit and auction the jeep as is...No risk and no loss as well as moving a brand new jeep off the lot ( more profit ) and having a new customer. I guess I am missing something..My Renegade mostly :( .. driving rental car a month now with at least 3 weeks to go... :?: anybody ever try to 4-wheel a :lol: chrysler 300?? high centers easily..lol. I really didn't want a $600 monthly payment now anyway :roll: Stealer says its worth $6300..Ins says its worth $13,400..(so they don't have to total loss it and save them some money) Oh well the body shop guy seems cool and I will be getting ARB bumper for about $300...and then hunting for BMW's :twisted:
I'm not trying to be mean,I feel your loss but your KJ is nowhere near $13,400.According to KBB your KJ is worth $6800 in excellent condition(trade in value),which your's is not,your's would be in poor condition considering it has been wrecked and they don't rate them in poor condition.

http://www.kbb.com/KBB/UsedCars/PricingReport.aspx?YearId=2004&Mileage=80000&VehicleClass=UsedCar&ManufacturerId=24&ModelId=163&PriceType=Trade-In&VehicleId=2830&SelectionHistory=2830%7c30081%7c80918%7c0%7c0%7c111257%7ctrue&Condition=Fair&QuizConditions=
Author:  cfreelv711 [ Sun Feb 22, 2009 3:37 pm ]
Post subject: 
I think it was worth maybe $8,000 -$9000, private sale not trade in before accident. The INSURANCE CO says it is worth $13,400..so the damge is less than 65% of value and therefor not a total loss and they pay less. My point was/is with a $7800 check from the ins company it should at least be worth THAT much toward a trade for a new jeep. Without the repair check I agree it would be a fair enough offer..more a point to make I guess it still seems they are making $1500 + whatever they sell my jeep for(prob not fix but sell at auction) + profit on new sale. The $7800 is not out of my pocket but it still goes into their bank account.Reality..most guys on this forum could prob get it back together better than it was for less than two grand and a long weekend..ins won't write check for home repairs and I am not that talented with a wrench, however I am thankfull to have a forum with good advise and sometimes to just ...well vent a little. Maybe I will go wheel the rental chrysler 300 this afternoon and blow some steam :lol: . it does pretty fair donuts. tjkj..I read a lot of posts and appreciate that you tell it like you see it and with tech advise you are dead on. Thanks for input.
Author:  To_The_Max [ Sun Feb 22, 2009 7:33 pm ]
Post subject: 
Couldn't you use the $7800 check as a down payment on another vehicle or to pay off what ever you own and just "give the wrecked jeep" to the dealer as is?" I know some insurances will send you the check instead of paying the dealer. Just a thought.
Author:  Guest [ Sun Feb 22, 2009 8:56 pm ]
Post subject: 
Yeah, take the check, buy another renegade then use your old one as a parts donor.
Author:  tjkj2002 [ Sun Feb 22, 2009 9:08 pm ]
Post subject: 
cfreelv711 wrote:
I think it was worth maybe $8,000 -$9000, private sale not trade in before accident. The INSURANCE CO says it is worth $13,400..so the damge is less than 65% of value and therefor not a total loss and they pay less. My point was/is with a $7800 check from the ins company it should at least be worth THAT much toward a trade for a new jeep. Without the repair check I agree it would be a fair enough offer..more a point to make I guess it still seems they are making $1500 + whatever they sell my jeep for(prob not fix but sell at auction) + profit on new sale. The $7800 is not out of my pocket but it still goes into their bank account.Reality..most guys on this forum could prob get it back together better than it was for less than two grand and a long weekend..ins won't write check for home repairs and I am not that talented with a wrench, however I am thankfull to have a forum with good advise and sometimes to just ...well vent a little. Maybe I will go wheel the rental chrysler 300 this afternoon and blow some steam :lol: . it does pretty fair donuts. tjkj..I read a lot of posts and appreciate that you tell it like you see it and with tech advise you are dead on. Thanks for input.
Now are they offering $6800 for it fixed or as is? If it is for as is take the check and trade it in,if it is for "fixed" you are not getting ripped off still since they won't get anything for it on the lot or at a auction.They will actually loose money,seen it done many times,they hope to break even but they most likely will not.Sure for you to get it fixed will cost $7800,to them it will cost about $4000,then they paid you $6800 so they are into it for $10,800.If they send it to a auction they may get $5000 for it and they can not sell it for over $10,000 on the lot being a wrecked vehicle that by KBB is not worth that much to start with.
Author:  cfreelv711 [ Mon Feb 23, 2009 5:15 pm ]
Post subject: 
Offer is $6300 AFTER they fix it with the $7800 check. So they are in $6300 + $4000 , their cost to fix for total of $10300 minus $7800 check = $2500 investment for dealer. Unless I am missing something this is how it adds up to me. Plus they profit by selling me a new jeep and I would gladly pay them $5000 to buy my KJ back after they fix it to guarentee them double their investment :lol: . Even with damage report it would be listed for $11,000. Actual selling price..?? Maybe new buyer doesn't ask for CARFAX. This is Vegas and seems like a no gamble no lose situation for the dealer and loss for me and potential new buyer. Bottomline, I will be happy to get mine fixed and back on the road and trails,..... but that was a sweet looking new lifted Sahara Wrangler. :roll: To-The-Max..that was what I was thinking I was doing..salesdude didn't want to see it that way. Seemed like a win/win to me..but driving chrysler rental must have my mind confused. I thought a check was almost the same as cash...
Author:  kenv [ Mon Mar 02, 2009 10:39 pm ]
Post subject: 
ObiHann wrote:
And that is why I never get work done at a dealership, and also why when I get into a wrech, I make sure to write it off :P Too much PITA elsewise... Just kidding but my past 2 wrechs were write offs.


I divorced my last two wrech`s :lol:
Author:  cfreelv711 [ Tue Mar 03, 2009 2:48 am ]
Post subject: 
:( Upon furthur review..as of mar 02 2009..Libby Renegegade reclassified :( Total Loss.."unable to practically repair due to unforseen costs during initial inspection"..

:evil: Five weeks to come to this conclusion :evil: .......I hate insurance companies.... :( loved my libby tho
Author:  Diggerfreek [ Tue Mar 03, 2009 3:04 am ]
Post subject: 
what a bummer... I guess it's time for that wrangler :x Are they going to give you a chance to buy your KJ back?
Author:  Guest [ Tue Mar 03, 2009 3:10 am ]
Post subject: 
Sounds like you should've taken their trade offer....
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