AdidasC230

its all good man, I just thinking with as many questions hes asking he may just go and part it out and I dont want any of us in trouble LOL

LILBENZ230

If you owe 14k on it, you should be good. The insurance company will probably pay that for it. They'll pay it straight to the bank that holds the lien, and the debt is resolved. If they pay more than $14k, you'll get the difference.

WSC230

I just spoke to my insurance company and they say it takes atleast 48hrs for them to process all the paper work so i still dont know what im gonna get yet. I just looked at all my old payments and i actually only owe 13k left for the car. Im not looking to expect anything from this but i was wondering if the insurance company know that i only owe 13k left for the car and the car value is still worth more than 13k will they pay me only 13k knowing thats the amount i owe? I dont think the insurance will pay more if they know already that i only owe 13k left, doesnt make much sense? If that was the case, then dont u think they would have just pay the different and fix my car instead? The first bodyshop estimate for my car was close to 7k to fix the damage. Im guessing after the body shop started taking off more parts on my car they found more damage and the estimate went up thats when i got the call from the insurance that they ruled my car a total lost but i still dont think the estimate cost to fix my car is anywhere near 13-14k? I have a feeling the insurance is going to give me a low offer since they refuse to fix my car.

LILBENZ230

When I had a totaled car, the insurance paid the lien holder directly and then I was sent a check for the difference. Just because you owe 13k doesn't mean that's all they are going to give you. You will likely get more than that. When they total a car they're also considering what the salvage value of the car will be because they'll recoup that money. If your car is worth $5,000 salvage value and they pay you $15,000 - they're out $10,000. If the repair was $8,000 that's 80%.. makes sense that it is a total loss.

WSC230

Just got off the phone with my insurance and WOW!! they're going to pay me $17,657. Thats almost the same amount when i bought the car. Its a few hundreds less than the price i paid for the car but im totally shock and wasnt expecting this. I was thinking they'll pay me 10k or close to it but i was never expecting this though. I only owe 13k left so that means atleast 4k goes to me? Super excited now and is already looking for my new car , thanks everyone for replying in this thread.

pcy

Excellent !!

Take your time and find the car you like. There are lots of W203 in the used car market.

Glyn M Ruck

Good news!!

RobertG

You might want to consider buying the car from the insurance company, and getting it fixed on your own. Body shops will deal with you if youre paying cash.

jnjrowland

I think moving on would be better. The car would have a salvage title and re-sale would be all but impossible.

Gavonder

Great news. Good luck with the car shopping!

GA

FrankW

take it and run

and you'll get a difference of $4k ish back towards your next car.

xzstarszx

Lol hell yea I would do the same. That's a really high price on your car. I wonder how much my 07 W203 with 10k miles is worth

Javvy

keep your mouth shut and take it a run...........I have been following this thread and all the inputs ...excellent knoweledge........I am going to get gap coverage soon.............


Cheers and have fun with your search......... one of the benifits to owning a Merc......lololol

thanks to all to have the paitence in answering all the questions and sharing the knoweledge............

Javvy