Is This the End?

[JoFotoz]

I think thats a great starting figure given the bits you already "rescued" !

You gotta think there is a 10%- 15% negotiation window in there..

..so something around 11K may be possible.

Good luck with it ....

Jo

[vt_maverick]

Hadn't heard from the adjuster since last Thursday (he was out of town Friday through Monday and I was traveling Monday and Tuesday) so decided to give him a follow-up call today. He said that NONE of the salvage companies he surveyed has made an offer yet; he says they almost to a one said "What's that again? I don't know, I'll have to do some research and call you back."

So there's opportunity and risk here. The opportunity is that I might be able to buy it back on the cheap if no yards want it. The risk is that if no one makes an offer, GEICO may decide to use their "salvage value matrix" (that's what he called it) which sounds like an NADA equivalent for salvaged vehicles. He said he's trying to avoid that route because it almost always lists values higher than what salvage yards are willing to pay. I'm thinking about having my mechanic (and the guy who towed my VX from the scene) make him a "ghost" offer. The insurance guy says it doesn't matter to him what the value is, he just needs an offer to work with. Hmmm...

He also hasn't heard back from "corporate" about whether the mods will be covered so he's going to give them another call this afternoon. He's supposed to call me back tonight to give me an update on both issues, so I'll pass that along.

Hope this is educational for you guys, I just figure keeping a running log of my conversations with the insurance company could help someone know what to do or ask in the future if they find themselves in the same position.

[samneil2000]

Good luck!

[JoFotoz]

Do you know where an offer can be made...

.. I'll put a reasonable one in!

jo

[vt_maverick]

Well guys the results are in. All of the salvage yards declined to bid, so the insurance company asked the auction house they use to do an internal assessment, which came back at $1400. That's a little higher than I had hoped but I won't argue that with them - I'll just ask for a few hundred more in the overall vehicle value than I had planned (this is almost the exact reverse of buying a car with a trade-in). What do you guys think? I need to give him an answer within the next few days.

The adjuster also confirmed that my accessories / mods ARE COVERED under my policy (read your policy folks, it may come in handy someday) but that he is still waiting to get word back on whether he is supposed to pay ACV (actual cash value - essentially the total from my receipts) or depreciated value. He said he was almost certain it was ACV, which would be a nice chunk of extra change. Very happy to hear that.

[rsteinmetz70112]

So have you picked out your new VX yet?

[VXjunky]

also...is a firefox the only thing you'll settle for?

[JoFotoz]

If you have the space to store her, dismantle her for parts...

...then I'd say YES.

Especially if you are going to buy another one.. of course you are!!

Glass, cladding & body panels that survived, interior/seats, rear door, wheels, third members etc etc...
...are worth it alone.

Never mind the fact that you'll have a spare engine, g/box and t/case..



Jo

[vt_maverick]

So have you picked out your new VX yet?

Close, still negotiating. Hoping to close the deal in a few weeks, still have to make a trip to see it in person.

also...is a firefox the only thing you'll settle for?

I keep telling myself no, but then I find myself not even clicking other ads in AutoTempest. I do want another Foxfire, preferrably a 2000 (because the AC compressor is cheaper and there were fewer of those) but I'd be proud to own a 2001 as well.

I know it doesn't matter much to a lot of folks, but the color is just what makes it for me.

[VX KAT]

Close, still negotiating. Hoping to close the deal in a few weeks, still have to make a trip to see it in person.



I keep telling myself no, but then I find myself not even clicking other ads in AutoTempest. I do want another Foxfire, preferrably a 2000 (because the AC compressor is cheaper and there were fewer of those) but I'd be proud to own a 2001 as well.

I know it doesn't matter much to a lot of folks, but the color is just what makes it for me.

I totally understand the color thing......and an '01...hey I resemble that remark!
.
.
.
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seriously, it's all good, and hope it all works out for ya!

[VXjunky]

im with you Kat...id accept nothing but a 1987 el camino....got a thing for last year production models

[Mile High VX]

[QUOTE=vt_maverick;242011]Close, still negotiating. Hoping to close the deal in a few weeks, still have to make a trip to see it in person.


[QUOTE]

Hey if your coming to CO and need a ride just let me know... if I'm in town it would be my pleasure.

[AndyC]

Yeah there is something with the 2001 FireFoxes - last of the line

[workmeistr]

Concur, even though I never really sold Ashley on my wheel color choice:

[iott2551]

There is a lesson in all of this. Insurance is a necessary evil and everyone tries to get the best rates possible. This generally works out just fine when insuring a Toyota Camry or a Honda Civic or any vehicle that is available for a dime a dozen. Fair market value, replacement cost and so on are easily determined. Insuring something rare though, like a VX or something antique(ish) like a 87 El Camino is trickier. Sure there are NADA guidelines but realistically, once a vehicle becomes 'rare', one cannot just go out and get another one that easy. The fair market value is based on good averages across a state or the nation. Three or four available vehicles for sale do not translate into a good statistic for value. Ours are specialty vehicle which were rare from the start. Now 10 years after final production, given that a lot of them are probably totaled, the pool for assessing a fair value is more difficult than ever. One might discuss this with ones insurance carrier to see how one's policy addresses this. Carriers do have specialty policies available that value antiques or rare vehicles differently than your Honda Civic. It may cost a little more, but should the unthinkable happens, you wouldn't sit there explaining why they shouldn't look at your VX as a 10 year old import with 75000 miles. I mean if it was the LAST VX in existence and in good shape, even at 200000 miles it would be worth more simply because of the rarety. Just sayin...talk to your carrier and see if someone totaled your VX, how would they look at it and if you don't like what you hear, see if there are alternative insurance plans.