Hi,
I have a 93 Taurus wagon, 3.8, 145k miles
A short time ago while my daughter was driving the car was struck on the right side by a van entering a traffic circle. Damage was superficial, RR door creased slightly, and same crease runs on to RR quarter panel around the front of the wheel arch.
Car was declared "totalled" by other driver's insurance company. They offer:
1) They take possession of the car and pay me $16762) I can keep the car and they pay me $1464, but I must have the car inspected by MD State police ($25) and get new "Salvage" title ($60). Whole process expected to take 4 - 6 weeks waiting for processing by opposition insurance company and MD DMV.
I don't know what the vehicle will be worth with a salvage title so am unsure whether I should keep the car. If I keep the car we plan to sell it and upgrade to a Honda Civic/Toyota Corolla for my daughter.
Anybody been through this process or know the likely value of a salvage title car compared to one with a clean title. KBB for a clean title is $1500 or thereabouts.
Al Moodie.