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#1 (permalink) |
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Senior Member
Join Date: Feb 2007
Location: R.I.P FG2 You Will be Missed
Age: 27
Posts: 1,818
Roy
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Car is flooded I need shop help
My wife went out to Ny yesterday with the Si and ran threw a big ass ocean of water
now the motor is seized up. So I wanted to know do you guys know off any performance shops out here in NJ thats 100% guaranteed . |
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#9 (permalink) | |
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Senior Member
Join Date: Jun 2007
Location: Exton, Pa
Age: 30
Posts: 13,574
Nathan
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Quote:
I had this same problem and my insurance just replaced the motor (60,+++K motor for a motor with 33K on it) and I have a CAI. |
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#10 (permalink) | |
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Senior Member
Join Date: May 2008
Posts: 129
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Quote:
sometimes insurance companies use dealer quotes for repairs, which would of worth more than the car... |
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#13 (permalink) | |
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Senior Member
Join Date: Jun 2007
Location: Exton, Pa
Age: 30
Posts: 13,574
Nathan
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Quote:
My service adviser knew the adjuster that looked at my car and all he did was to check the carpets for moisture and then said get a used motor, which Honda did a refresh on. Going to the same dealer for 3 yrs helps a lot. |
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#14 (permalink) |
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Member
Join Date: Apr 2008
Location: Milltown, NJ
Age: 41
Posts: 89
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It was an 07 LX...Galves resale at auction with a branded rebuilt title is around $7800. To spend 75% of that on rebuilding and trying to return to the owner isn't worth the depreciation the owner would recieve on buybackThere's a ton of good cars out there, no one wants to buy a rebuilt used flood car...(Did that sound confusing?).
Here's what it is broken down: Car value at trade in normal miles and normal wear and tear about $12,000 Take 60% of that (40% depreciation for branded title) you have $7200. the owner of the vehicle would get a check for about $3000 or given the full amount for the car $12000 and have the opportunity to buy the car back for more than likely around $5000. (based on their being no loan on the car) The owner would then be given the car and the ability to fix it, but the title is marked SALVAGE as would the appropriate carfax. Now you'd have to fix over $7000 worth of damage for $3000 on a car that's worth about $5000. If they total it they give the customer full trade in minus wear and tear (if any can be documented). See why they totalled it???? It's easier (better with less aggravation) for the insurance company to total the car, and then sell it at auction as a flood damge car..They'll probably get about $5000 for it with no reprocussion..It's a win win win for everyone.. Owner gets a new car, insurance has a happy customer (hopefully) and insurance company gets to recoup some of their losses with no expense to do so..(auction buyer pays all fees on Salvage and Title issue cars) Just a little FYI on the process...Good luck with the new car.. and keep away from the wet stuff.. Jeff Last edited by jasyatz; 03-22-2010 at 09:52 PM. |
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#16 (permalink) |
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Senior Member
Join Date: Jun 2007
Location: Exton, Pa
Age: 30
Posts: 13,574
Nathan
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Unless water got into the car itself, I can't see it being salvaged.
My 07 LX Sedan had 66K on it and trade in was only like 8 grand, the motor with labor was 2,500 and my title is good and my rates didn't go up at all. No water got into the car |
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