07 E63 insurance pay off
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Super Member
Joined: Sep 2011
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From: SoCal
2014 E63s
07 E63 insurance pay off
It seems the chances are high that the insurance company will deem my car a total loss after my accident a couple of weeks ago. The preliminary estimate came in a bit over $17k while the body shop says the cost will be higher once they tear it down further. My car is an 07 flint gray with 73k miles and was in pristine condition prior to the accident. All original paint, every option with the exception of performance package and pano roof. It has an EC tune, CF lip, 19"CLS wheels with brand new Michelin PSS. Just had both front struts replaced with Arnots and recently serviced. I know these cars range from low 20's to mid 30's. My question is what should I expect the insurance to pay for it if it's totaled and should they be paying for the recent repairs/service? Also, would it make sense for me to buy it back if I can for under $10k? The last time I had a car totaled was years ago when my car was stolen and stripped. Any input would be appreciated.
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Joined: Sep 2011
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From: SoCal
2014 E63s
Kelly retail blue book value is about $27k which I would not accept even though that's what they're going for. I bought the car a year ago for $32k + tax/lic, and put quite a bit of $$ in to it. It took me about 6 months to find the car in the color I wanted and more importantly to find a car that was all original. During my search I found cars with comparable miles for up to $7k less but they were nowhere near as clean as the mine, that's why I paid $7k more. We'll see what I end up getting but I will definitely put up a fight if I'm offered those numbers.
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Joined: Nov 2012
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From: Seattle
1992 911 C4, 2008 P2 E63 AMG (gone but not forgotten), 2007 SL65 Renntech
I just went through this. I had an 2008 E63 with 57K miles. Pristine condition before the accident. I was paid out $44.5K which included tax and license.
If its 17K in body damage I would not take the salvage from the insurance for more than $5K.
If its 17K in body damage I would not take the salvage from the insurance for more than $5K.
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Joined: Jan 2007
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From: Sleepy Hollow, IL
65 Chevelle Wagon w/ C5 frame, 08 ML63, 04 S600, 04 E55,(sold) 00 ML55,(sold) 98 C43-55K Swap
What's a m156 engine going for these days? $10-15k running I thought.
I would say for $10k its worth buying back to part out, I would think. Eng, trans, seats, 63 brakes, cluster, etc all go for big $$$
I would say for $10k its worth buying back to part out, I would think. Eng, trans, seats, 63 brakes, cluster, etc all go for big $$$
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Joined: Mar 2005
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From: Milwaukee, WI
2004 S/C M3 Vert, 2004 E55
Kelly retail blue book value is about $27k which I would not accept even though that's what they're going for. I bought the car a year ago for $32k + tax/lic, and put quite a bit of $$ in to it. It took me about 6 months to find the car in the color I wanted and more importantly to find a car that was all original. During my search I found cars with comparable miles for up to $7k less but they were nowhere near as clean as the mine, that's why I paid $7k more. We'll see what I end up getting but I will definitely put up a fight if I'm offered those numbers.
I went back and forth with insurance. They kept finding ones that were far from mint, let alone in Tectite Gray. It took weeks and we met in the middle but I still lost out bought car for $14k and not even 6 mos later had to bicker to get $10k.
Good luck I know how it is losing a car that was just the way you wanted.
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Joined: Jun 2013
Posts: 182
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From: Centennial, CO
'17 GLS 63 AMG, '08 S65 AMG
You're not going to get what it's worth on the private market. Most insurance companies don't pay replacement cost, they pay something closer along the lines to "negotiable" value if you were buying a replacement and got a good deal. Options and (good to great) condition mean virtually nothing, and 72k is not really low mileage, and mileage and year are the biggest difference between a $20k and $40k valuation on an E63.
For reference, I had a very nice 2006 Porsche Cayenne Turbo S with 72k miles that was totaled last fall. Porsche only brought 600 of these cars into the US; it had a $120k sticker, 22" aftermarket wheels, new tires, a $5k sound system, Akrapovic exhaust, etc.
None of this mattered. It was valued at $30k at the end of the day, in spite of any car in its condition transacting between $35-40k.
tl;dr our 'special' cars really aren't that special at the end of the day with insurance companies.
One last note: E63s are dropping fast. I am seeing many in the $20s now.
For reference, I had a very nice 2006 Porsche Cayenne Turbo S with 72k miles that was totaled last fall. Porsche only brought 600 of these cars into the US; it had a $120k sticker, 22" aftermarket wheels, new tires, a $5k sound system, Akrapovic exhaust, etc.
None of this mattered. It was valued at $30k at the end of the day, in spite of any car in its condition transacting between $35-40k.
tl;dr our 'special' cars really aren't that special at the end of the day with insurance companies.
One last note: E63s are dropping fast. I am seeing many in the $20s now.
Last edited by Tremek; Apr 5, 2014 at 03:21 PM.
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From: Houston
2003 W211 E55, 2003 W220 S600
you will get close to retail for same year / make / model and mileage car.
if you can furnish them with receipts of tires etc they will add a prorated amount to the value of the car.
if you can furnish them with receipts of tires etc they will add a prorated amount to the value of the car.
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Super Member
Joined: Nov 2010
Posts: 746
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From: Queens,NYC
2014 E63s 1993 mazda rx7 on Boost
I got 38k for my car Allstate
black ice and hit the driver side...
Same color and wheels are yours I was missing p30 and command..
72k fully service...
Print you option list from the VIN and give it to them.
You car is an easy fix...I would buy it back fix it and just enjoy it for being a nice car... My car had more damage..
Same color and wheels are yours I was missing p30 and command..
72k fully service...
Print you option list from the VIN and give it to them.
You car is an easy fix...I would buy it back fix it and just enjoy it for being a nice car... My car had more damage..
Thread Starter
Super Member
Joined: Sep 2011
Posts: 687
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From: SoCal
2014 E63s
black ice and hit the driver side...
Same color and wheels are yours I was missing p30 and command..
72k fully service...
Print you option list from the VIN and give it to them.
You car is an easy fix...I would buy it back fix it and just enjoy it for being a nice car... My car had more damage..
Same color and wheels are yours I was missing p30 and command..
72k fully service...
Print you option list from the VIN and give it to them.
You car is an easy fix...I would buy it back fix it and just enjoy it for being a nice car... My car had more damage..
Super Member
Joined: Nov 2010
Posts: 746
Likes: 48
From: Queens,NYC
2014 E63s 1993 mazda rx7 on Boost
Thanksgiving of 2013 they decided to payout in Dec of 2013.
.
same options as yours +...color..CLS wheels..i had some mods but they paid for the car.I did not want to bring the mods I did before they said that will lower the value of the car. I was very happy with 38k for a car that had 72k but my car was a 10 of 10 never had paint work...The link has pic and she looks blue but was flint gray.. on the mirror shot you see the gray
https://plus.google.com/photos/11734...001?banner=pwa
same options as yours +...color..CLS wheels..i had some mods but they paid for the car.I did not want to bring the mods I did before they said that will lower the value of the car. I was very happy with 38k for a car that had 72k but my car was a 10 of 10 never had paint work...The link has pic and she looks blue but was flint gray.. on the mirror shot you see the gray
https://plus.google.com/photos/11734...001?banner=pwa
Thread Starter
Super Member
Joined: Sep 2011
Posts: 687
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From: SoCal
2014 E63s
insurance started off with just under $34k including tax/lic. I am trying to get them to pay a little more plus a few expenses i recently put in to the car. They are offering the car back to me for $8500. I'm leaning towards buying it back. I don't see why i wouldn't get $12k for it, thought?
Super Member
Joined: Nov 2010
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From: Queens,NYC
2014 E63s 1993 mazda rx7 on Boost
buy it back
If that was the damage to my car I would have bought it back.
You do not have any real damage. I had chassis damage.
Get them for the tow charges..and rental. They also might pay for out of work time.
If you were on the East Coast and was not taking that car back I would have ask you to get it for me.. That is an easy fix....
I would take it fix it and drop a SC on it and still have extra cash...
You do not have any real damage. I had chassis damage.
Get them for the tow charges..and rental. They also might pay for out of work time.
If you were on the East Coast and was not taking that car back I would have ask you to get it for me.. That is an easy fix....
I would take it fix it and drop a SC on it and still have extra cash...
Member
Joined: Aug 2011
Posts: 111
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From: CA/NYC/Jersey Shore
Current 2014 Maserati Quattroporte and 2017 GLE 63 AMG retired 2007 E63 AMG
Whether you buy it back or not.. or get any more money through negotiations..
Fact is, you can easily get into another 07 or 08 for that amount of money. I'm happy for you that you weren't hurt and this process didn't drag you through he11 and back.. good luck with whatever you do next!
Fact is, you can easily get into another 07 or 08 for that amount of money. I'm happy for you that you weren't hurt and this process didn't drag you through he11 and back.. good luck with whatever you do next!
Thread Starter
Super Member
Joined: Sep 2011
Posts: 687
Likes: 10
From: SoCal
2014 E63s
If that was the damage to my car I would have bought it back.
You do not have any real damage. I had chassis damage.
Get them for the tow charges..and rental. They also might pay for out of work time.
If you were on the East Coast and was not taking that car back I would have ask you to get it for me.. That is an easy fix....
I would take it fix it and drop a SC on it and still have extra cash...
You do not have any real damage. I had chassis damage.
Get them for the tow charges..and rental. They also might pay for out of work time.
If you were on the East Coast and was not taking that car back I would have ask you to get it for me.. That is an easy fix....
I would take it fix it and drop a SC on it and still have extra cash...
Whether you buy it back or not.. or get any more money through negotiations..
Fact is, you can easily get into another 07 or 08 for that amount of money. I'm happy for you that you weren't hurt and this process didn't drag you through he11 and back.. good luck with whatever you do next!
Fact is, you can easily get into another 07 or 08 for that amount of money. I'm happy for you that you weren't hurt and this process didn't drag you through he11 and back.. good luck with whatever you do next!
definitely crossed my mind, my only concern is it will have a salvage title which i am really against.
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From: Socal
07E63, 12E350, 08997TT, 16SiennaSE
A month ago my brother total his 2008 328i with under 50K miles and full loaded . KBB private was about $21,000 and state Farm pay him little over $17K. They told him that how much it would cost to replace and buy the same car with same miles and options in the area. They show him 3 car and they pay him the highest price out of the 3 and that was little over $17K. So if you have 3 car in your area are that people are selling for $20K, They going to pay you how much it going to cost to replace you with the same car. Btw they don't give ***** for your add on and mod unless it recently and you have receipt to show for it. He got over 5K in mod in his car and they told him to remove it and reuse it. oh yeah they raised his prem about $60/m.
so if they giving you retail take it!
so if they giving you retail take it!
Thread Starter
Super Member
Joined: Sep 2011
Posts: 687
Likes: 10
From: SoCal
2014 E63s
A month ago my brother total his 2008 328i with under 50K miles and full loaded . KBB private was about $21,000 and state Farm pay him little over $17K. They told him that how much it would cost to replace and buy the same car with same miles and options in the area. They show him 3 car and they pay him the highest price out of the 3 and that was little over $17K. So if you have 3 car in your area are that people are selling for $20K, They going to pay you how much it going to cost to replace you with the same car. Btw they don't give ***** for your add on and mod unless it recently and you have receipt to show for it. He got over 5K in mod in his car and they told him to remove it and reuse it. oh yeah they raised his prem about $60/m.
so if they giving you retail take it!
so if they giving you retail take it!
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From: Chicago
03 E55 AMG, 06 Harley Road King Custom 06 Ram 2500 Cummins, 97 Firebird Race Car, 88 Cutlass Supreme
Never hurts to ask for more, you have a claim on your record might as well squeeze al you reasonably can out of it.
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From: SoCal
2014 E63s
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From: Socal, Chino
E55 2006 / CLS55 / S450 / Jag XKR2011
