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Old 09-18-2022, 11:48 AM   #207 (permalink)
JSH
AKA - Jason
 
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Join Date: May 2009
Location: PDX
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Adventure Seeker - '04 Chevy Astro - Campervan
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Quote:
Originally Posted by redpoint5 View Post
Start at $9k and let them talk you down to $7.5
Good luck with that. A year ago the pre-crash value of the vehicle was established at about $4000 by the insurance company that paid out for the last crash that totaled this Camry. The salvage title absolutely matters and the insurance company is under no obligation to pay Xist the value of a car with a clean title. A good outcome would be 75% of the book value of a clean car.

While ads can be used for comps what really matters is sales transaction data. There are industry sources that collect this data which the insurance company will have. Your best option is Ebay completed sales and maybe KBB.

From Edmunds:

Quote:
What is the value of a salvage title vehicle?

Edmunds does not provide pricing estimates for vehicles that have major mechanical and/or body damage or for vehicles with "branded" titles (e.g. salvaged, flooded, frame damaged, etc.). In general, though, we believe that a salvage title decreases a vehicle's value by up to 50% of the True Market Value (TMV) for an identical vehicle with a "clean" title.
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