Boxster write off

[Sarap9]

Hi I recently hit a big oil spill and wrote off my boxster is it worth buying it back from the insurance company to sell on ? And who would buy a damaged boxster or parts .
Sara

Edited by Sarap9 on Sunday 13th August 10:24

[Magic919]

I wouldn't bother.

[WinstonWolf]

Ecsy might for his burned out Audi turbo lump...

[mikefocke]

The insurance company knows what it is worth to a breakers who will put in the labor to break it into parts, then market the parts and take care of packaging/shipping/billing. And eventually recycle what doesn't sell or store it forever.

Are you willing to do the labor, got the tools, got the time, willing to put up with the hassle? Can you deal with the valuable parts? Things like wheels, engine, trans, windshield, body panels?

A Porsche is a very expensive car to repair correctly. I totaled one and remember thinking after the accident that will be around 3k based on my son's experience with a Honda. The body shop stopped counting at 26k.

So, if you don't have access to a source of used parts at a cheap rate, the tools and the skills, let someone else worry about getting value out of the carcass.

I feel your pain.

[Rockster]

Sarap9 said:

Hi I recently hit a big oil spill and wrote off my boxster is it worth buying it back from the insurance company to sell on ? And who would buy a damaged boxster or parts .
Sara

Edited by Sarap9 on Sunday 13th August 10:24

I've bought a few parts obtained from I guess a salvaged Boxster. Exhaust converters. An instrument cluster. There is a large business near me that deals in used Porsche parts. There is a demand that's for sure.

But my advice is always unless you make a living parting out wrecked/salvage cars, Porsche cars in particular, just let the insurance company keep the car and you keep the money.

Who wants a bent/damaged ugly hulk of a car around with strangers calling up and coming over (or not and leaving you having wasted your time) to one's house and garage to strip parts off the car? And God help you if one hurts himself at your place.

[Escy]

You can usually buy it back for a very low price. Then just sell it on as it is and let someone else worry about fixing or breaking it for parts. If it doesn't roll or drive still it might be more hassle than it's worth.

[Ray Singh]

I need a few parts for my 986S if you do happen to buy the salvage.

Remember, if it is a cat c or d, you could sell it to someone who will repair it. They can use used parts etc (which garages working for insurance companies will not do) and keep the price low.

The car could get back on the road.

[Sarap9]

Thanks I decided to let them keep it .
Sara

[Dissolved]

What happened with the accident? You mentioned a big oil spill.... was it on a motorway ?

[Rockster]

Escy said:

You can usually buy it back for a very low price. Then just sell it on as it is and let someone else worry about fixing or breaking it for parts. If it doesn't roll or drive still it might be more hassle than it's worth.

Maybe one can buy the car for a low price but that may be all it is worth.

My experience in this area is limited to my 4 week old 2008 Cayman S which was hit and declared a total loss. Due to the other driver not having sufficient insurance and my desire to *not* turn this over to my insurance company (which might have pushed a sub-par repair of the car instead of totaling the car) I retained ownership of the car albeit with a salvage title. The insurance company set the value of the car at $17.3K IIRC.

I contacted a business that specializes in wrecked or roller Porsches for used parts and after some discussion followed by me sending a number of pics the business offered to buy the car from me for the *same* price the insurance company offered. And it would arrange pick up of the car.

With a contact I had at a large auto auction facility near me I arranged to offer the car at the weekly salvage auto auction. The facility was large enough it held this auction weekly and each week a number of vehicles were avaiable.

Fortunately for me my Cayman sold at auction for several thousand dollars more than the price set by the insurance company and confirmed by the auto salvage business.

Regardless I would have been perfectly happy had the other driver's insurance coverage been sufficient to have her insurance issue me a check for the full amount of the settlement and let it have kept the car and disposed of it any way it wanted to.