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Originally Posted by cliffyballs
Well guys here is some interesting news, the Jetta has been totaled. But the good news is only the rear end is damaged meaning that a permanent boat tail is possible. Does anyone have any tips on how to get the lowest possible salvage value from the insurance company?
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In almost all states you have the right to purchase the vehicle at the salvage value. What that value may be is a good question. Most salvage yards purchase a wreck for rather little and part the car out for more than they paid. You might do some asking around see if there is someone in the business who might give you an opinion. You can ask your insurer.
I am guessing that the insurance company of the person who hit you will be the one paying you for the damage. Having it totaled, the real question is what they intend to pay you for the car. Some will look at the Kelly Blue Book or similar source so you should as well. That does not always represent the "fair market value" of the car which is what you are entitled to receive as compensation. Frequently, an insurer will "low ball" the claimant and hope they take it. In such a circumstance you should know what the purchase price of a similar model vehicle in as close to the condition yours was in may be in your area. Do some homework on that before agreeing to anything.
I hope you were not injured. Be careful not to sign a release for personal injuries as not all problems show up right away.
Now, about buying it for salvage value. How badly was the floor pan bent up and so on. It could very easily wind up that you put more into the car than it is worth (which is why they get written off or totaled) just to get it working again.
Good Luck