• Mustang Forums
  • 1996 - 2004 SN95 Mustang -General/Talk-

Insurance Verdict on Mach 1

  • Thread starter Thread starter Stangdriver13
  • Start date Start date Sep 21, 2009
S

Stangdriver13

Member
Jul 31, 2006
44
0
6
Sep 21, 2009
#1
  • Sep 21, 2009
  • #1
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.
 

sneaky98gt

10 Year Member
Apr 23, 2008
2,387
144
114
NC State University
Sep 21, 2009
#2
  • Sep 21, 2009
  • #2
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
 

VEE EIGHT

Member
Apr 27, 2009
85
0
6
Texas
Sep 22, 2009
#3
  • Sep 22, 2009
  • #3
BRB going out to try and total my GT.....
 

sneaky98gt

10 Year Member
Apr 23, 2008
2,387
144
114
NC State University
Sep 22, 2009
#4
  • Sep 22, 2009
  • #4
VEE EIGHT said:
BRB going out to try and total my GT.....
Click to expand...



I might need to do the same....
 

02nightmaregt

To hell with your Mustang, I want to see your HOG!
Jul 1, 2007
513
4
19
Southern Indiana
Sep 22, 2009
#5
  • Sep 22, 2009
  • #5
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.
 
C

CatmanJJ

Captain Tangnet
20+ Year Stangneter
Feb 5, 2002
4,379
1
68
Maryland
Sep 22, 2009
#6
  • Sep 22, 2009
  • #6
Damn, that's a sweet deal, I'd get a new GT right now (I love the new look) or if you could wait til '11 get the GT with the new 5.0 DOHC.
 

SaleenGT2001

Well-Known Member
Jul 18, 2005
2,811
4
58
Four Oaks NC
Sep 22, 2009
#7
  • Sep 22, 2009
  • #7
thats good you are getting your money back!

u wanna ship those seats???
 
I

ItsStock02

Member
Aug 18, 2008
492
4
19
Westland, MI
Sep 22, 2009
#8
  • Sep 22, 2009
  • #8
Can you buy your old mach and part it out?
 

blackfang

Founding Member
Dec 17, 2001
1,290
1
39
Richmond, Va
Sep 22, 2009
#9
  • Sep 22, 2009
  • #9
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.
 

scupking

Active Member
Sep 18, 2005
1,186
1
36
Enfield, CT
Sep 22, 2009
#10
  • Sep 22, 2009
  • #10
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
Apr 1, 2004
4,188
12
79
Dunedin, FL
Sep 22, 2009
#11
  • Sep 22, 2009
  • #11
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...
 

BlownStangGT

REPEAT
Founding Member
Jan 22, 2002
3,860
6
58
Lancaster, PA
Sep 22, 2009
#12
  • Sep 22, 2009
  • #12
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?
 

LaserSVT

Got FB banned again for saying nards
Founding Member
Nov 29, 1999
9,391
3,538
233
Sep 22, 2009
#13
  • Sep 22, 2009
  • #13
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
 

bhuff30

Founding Member
Dec 11, 2001
6,037
35
129
Olathe KS
Sep 22, 2009
#14
  • Sep 22, 2009
  • #14
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.
 

sneaky98gt

10 Year Member
Apr 23, 2008
2,387
144
114
NC State University
Sep 22, 2009
#15
  • Sep 22, 2009
  • #15
LaserSVT said:
I also know this one dude that has an insainly powerful Saleen clone for what you are getting from the insurance. 751ish rwhp
Click to expand...

Now that's something I would seriously look into.

-Will
 
S

Stangdriver13

Member
Jul 31, 2006
44
0
6
Sep 22, 2009
#16
  • Sep 22, 2009
  • #16
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.
 
You must log in or register to reply here.

Similar threads

Progress Thread The Mach Returns - Update/build thread
  • squeak93
  • Feb 20, 2026
  • 1996 - 2004 SN95 Mustang -General/Talk-
Replies
5
Views
348
1996 - 2004 SN95 Mustang -General/Talk- Jun 1, 2026
squeak93
F
2003 Mach 1 - F1.28 Fuse blows on KOEO
  • fr500mach
  • Jul 14, 2025
  • 1996 - 2004 SN95 Mustang -General/Talk-
Replies
3
Views
215
1996 - 2004 SN95 Mustang -General/Talk- Jul 19, 2025
fr500mach
F
O
Manual to Auto Mach 1 Swap
  • Osnick
  • Mar 16, 2025
  • 1996 - 2004 SN95 Mustang -General/Talk-
Replies
2
Views
477
1996 - 2004 SN95 Mustang -General/Talk- Mar 27, 2025
Osnick
O
D
3rd brake light wiring
  • Dbthealien
  • Sep 1, 2024
  • 1996 - 2004 SN95 Mustang -General/Talk-
Replies
1
Views
513
1996 - 2004 SN95 Mustang -General/Talk- Sep 3, 2024
89ripper
Tuners come on inside
  • squeak93
  • Feb 13, 2026
  • SVT Tech Forum
Replies
1
Views
258
SVT Tech Forum Feb 20, 2026
squeak93
Share:
Bluesky Email Share Link
  • Mustang Forums
  • 1996 - 2004 SN95 Mustang -General/Talk-
Menu
Log in

Register

  • Forums
  • What's new
  • Media
  • Resources
  • Contact
  • Sponsor
X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?

X

Privacy & Transparency

We use cookies and similar technologies for the following purposes:

  • Personalized ads and content
  • Content measurement and audience insights

Do you accept cookies and these technologies?