UNBELIEVABLE

[LI-X5]

Originally Posted by jetkona

Update to all the comments...And thanks for the input.

It's not my insurance that's paying for it. It is the transmission shops insurance.

Why a new 4.4i was 25K from the dealer, I can't imagine. Oh wait... It's the dealer. (BTW they wanted 20K for a used motor with 80K on it).
Also, they charged the ins. co. $2400 to pull the heads and confirm that they were in fact shot. The ins. co. for the tranney shop is taking a bath on this one.

now that you say the tranny shopp ins is paying you then i would say this !!

CALL YOUR INS COMPANY LET THEM KNOW WHATS GOING ON ALSO TELL THEM THE INS CO IN QUESTION IS GIVING YOU THE RUN AROUND AND IS GIVING YOU LESS VALUE THAN YOUR CAR IS WORTH !! THEN INSIST THAT THEY (YOUR INS) PAY OUT THE VALUE OF THE TRUCK AND FIGHT IT OUT WITH THE TRANNY SHOPS INS CO !! THIS IS A COMMON PRACTICE BECAUSE YOU PAY THEM !! IM ABOUT 97.9% SURE THEY'LL GIVE YOU MUCH MORE $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$ !!


NEIL

[Icer006]

Yep, I agree. Subrogation.

Originally Posted by LI-X5

now that you say the tranny shopp ins is paying you then i would say this !!

CALL YOUR INS COMPANY LET THEM KNOW WHATS GOING ON ALSO TELL THEM THE INS CO IN QUESTION IS GIVING YOU THE RUN AROUND AND IS GIVING YOU LESS VALUE THAN YOUR CAR IS WORTH !! THEN INSIST THAT THEY (YOUR INS) PAY OUT THE VALUE OF THE TRUCK AND FIGHT IT OUT WITH THE TRANNY SHOPS INS CO !! THIS IS A COMMON PRACTICE BECAUSE YOU PAY THEM !! IM ABOUT 97.9% SURE THEY'LL GIVE YOU MUCH MORE $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$ $$$$$$$$ !!


NEIL

[ZsX5o3]

take the money, get a premier membership and part the car out here

[swissfrank]

Originally Posted by jetkona

...While there, they put 200 mi. on the car, overheated it somehow and cooked the engine....

I'm not thrilled to hear the circumstances in which you find yourself, and I feel your pain.

However I'm actually rather puzzled on this one...

Did someone steal the car from the shop and put 200mi on it while driving it without oil at redline on the way to raid some house of presents? or really what warranted them to put that mileage on, and how in the world did they cook your engine. what exactly happend?

[Quicksilver]

I had the same issue with a vehicle and I took the check but I also found out that the best thing I could do was to tell them I didn't want the car. I had to stand firm saying that if they bought it it was theirs.

Turns out I got more for it in the end because of some Law that specified that #1 vehicle Lic fees had to be returned because I no longer owned the car, and some other laws kicked in that increased the buyout and also vehicle insurance rebates kicked in. Add to that I didn't have to be bothered with it was a huge plus.

Not sure if it will work out for you that way but be aware that there may be salvage laws in effect and those paying the check have no obligation to tell you what they are.

Letting you keep the vehicle seems like their doing you a favor but in fact they may be transferring the burden of ownership of a salvaged vehicle to you for the expressed purpose of allowing you to bear the hidden cost of that ownership.

Originally Posted by jetkona

The insurance company is paying 17K and giving me the car. I did some checking and that is around High Private Party Value. I'm not sure what more I would get from a law suit.

I'm starting to like XFive3.0' train of thought.

[M6X]

jetkona can you at least post the name of that transmission shop all over the net so people know never to go there?

[Weasel]

I agree with Quicksilver. When I wrecked the old E36, it wasn't too much damage at all, but the repair cost exceeded 75% so it was considered totaled. What I got was they took the retail cost, added licensing fees, subtracted the average auction value of the car in its condition then cut me a check and I keep the car. And I retained the title so it didn't get a salvaged or total loss title. I took this route because it costed me much less to fix the car than what they gave me, so I came out ahead.

So if you tell them to keep the X5, you should get the remainder of retail value + licensing fees as well. I'd talk to your insurance and ask them about it and see what details you can get. And I say talk to your insurance because they should give you honest information since it isn't out of their pocket... buththe other ins company.

[nasdakboy]

Originally Posted by jetkona

The insurance company is paying 17K and giving me the car. I did some checking and that is around High Private Party Value. I'm not sure what more I would get from a law suit.

I'm starting to like XFive3.0' train of thought.

If they're going to give you $17k AND let you keep the truck, I'd jump on that deal and just forget about the situation. Sounds like you're benefitting and if the car is valued at $17k and they're going to let you keep it for nothing, that's a pretty sweet deal. Normally they give you the option. Either $17k and the title to the truck or you keep the truck and they deduct the salvagable amount from the $17k. I think you're making out pretty good here

[lx4life]

i think he was selling this on ebay awhile ago. i don't know it sold or not.

[Daka]

My answer is always ....throw a Chev V8 350..and a 700r4 o/d auto in it make it a 2 w/d (just kidding, I just did that with my 84 Jag, after it popped a head gasket....)