My mach 1 was totaled about 2 weeks ago and I finally got word on what the insurance company is going to do. They are going to give me $17,300 for the car plus $1,100 for tax rate, $80 for title transfer, and $200 for not renting a car over the last 21 days. So total comes to bout 18k after my deductable is taken out. I guess I lucked out, I paid $15,900 for the car, after plane ticket, taxes, plate transfer, and mods I bought total came to about 16,500. Lucky for me the insurance company is going to let me salvage my mods off the car and replace them with the oem parts. So I hope I will get the catback, x-pipe, short throw, intake, hood struts (if salvagable), and tune the car back to stock for my tuner. All I have to do is drive 2 1/2 hrs one way pick up the car on a trailer, come back remove the mods and replace w/stock parts. Insurance will have salvage yard come get the car when I'm ready.
Insurance Verdict on Mach 1
- Thread starter Stangdriver13
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sneaky98gt
10 Year Member
Daaaang. Sucks that a nice car like that was totaled, but sounds like you're gonna come out on top of this ordeal. So good job on that part.
-Will
-Will
sneaky98gt
10 Year Member
02nightmaregt
To hell with your Mustang, I want to see your HOG!
Im sorry you lost such a gem
But you came out on top cash wise. Now you can get you a Termi, or another Mach
Plus if you get the Termi, you'll be able to sell the stuff from the Mach and make even more $ on the trajedy.
But you came out on top cash wise. Now you can get you a Termi, or another Mach Plus if you get the Termi, you'll be able to sell the stuff from the Mach and make even more $ on the trajedy.
SaleenGT2001
Well-Known Member
blackfang
Founding Member
That's what I would do if there are decent parts left, like the engine/trans,etc.
A friend of mine wrecked her 02 WS6 and they totaled it, she made a killing off it as she owned significantly less, bought it back and is parting about 4 grand out of it.
A friend of mine wrecked her 02 WS6 and they totaled it, she made a killing off it as she owned significantly less, bought it back and is parting about 4 grand out of it.
scupking
Active Member
Wow that's a hell of a deal. What are you going to do? Buy a new mach, cobra, GT or new 011 stang? You could build one bad azz GT with that money.
twogts4us
15 Year Member
In the end, I'm glad to hear they totaled it out. Your deal sounds very similar to what they did for me with my 02 GT last year. Hang in there my friend, you'll now get to go car shopping. Never know what you may find!
PS - I'm still interested in your CAI if available. Let me know...
PS - I'm still interested in your CAI if available. Let me know...
Well sounds good......in some terms of you are getting the money out of it at least. At least you didnt get raped by them. So what ya getting now?
You should be able to buy the car for 10% of what the total out price was. I have done that several times. You can easily make that back on the seats and interior trim pieces. Then you have a drivetrain thats worth some serious coin and you can sell it off to and come out way ahead. Enough to buy a clean Terminator.
I also know this one dude that has an insainly powerful Saleen clone for what you are getting from the insurance. 751ish rwhp
I also know this one dude that has an insainly powerful Saleen clone for what you are getting from the insurance. 751ish rwhp
Sounds like that worked out ok cash wise for you. Being involved in an accident is definately something no one wants to deal with.
I'm pretty sure I would be hosed if my 97 was totalled. First, the car is a very rare origional color and still in excellent condition for it's age. Second, I have done a lot of maintance recently, including new tires and shocks/struts. The kbb value very poor on a car this old and there is no way I could begin to get an equivalent or better car for what they would give me on it.
I'm pretty sure I would be hosed if my 97 was totalled. First, the car is a very rare origional color and still in excellent condition for it's age. Second, I have done a lot of maintance recently, including new tires and shocks/struts. The kbb value very poor on a car this old and there is no way I could begin to get an equivalent or better car for what they would give me on it.
sneaky98gt
10 Year Member
I also know this one dude that has an insainly powerful Saleen clone for what you are getting from the insurance. 751ish rwhp
Now that's something I would seriously look into.
-Will
Thanks for all the replies guys! I just got back from the getting the car. I took a car trailer up there to get. THE CAR STILL RUNS. No power steering and brakes are shot cause the lines were pinched in the front. I am going to ask the insurance company tomorrow what the price would be to buy it back. So motor except radiator and front lighting for wiring harness should all be good, whole interior is mint condition, rims are a little beat up in the front but would make a great drag set, trans, rear axle assembly are all perfect. I'm going to take all the mods off the car first thing, insurance is at least going to let me do that. If a buy another mach then I will be putting that stuff on it, otherwise I will be selling it if I a termi. I don't think i'm going to buy another mach right away unless I come across another great deal like this or find a termi for the right price. I had some money set aside to buy a winter car so I think i'm just going to go with that plan for now just to get around. I live in central illinois so mustang season is about over for a nice car like that. I'm hoping I find a great deal over the winter the way the economy is ppl might be hurting and will pretty much have to give one away. I'll keep you guys updated if I decide to buy the car back.
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