I got rear ended last week. My 2001 camry now has body damage on back left bumper, and back left side. It operates fine, except that the back left tail light will need to be replaced.
I am waiting for the other person’s insurance to get back to me (she was at fault), but it seems likely my car will be totaled because its value is low. It s a bummer because its a total mustache mobile; low mileage (110k), good condition, mechanics love it, etc...
How would you approach this one? Try to find a way to save it? Get a new used car? I’ve very much enjoyed not having to think about how to select a new (used) car. Where do i start? Obviously i want good mileage, low cost, etc...
The search function on this forum sucks or i dont know how to use it well. Feel free to educate me or forward me to a past post that already explains.
So as an update, the ACV (actual market value) determined by insurance was way higher than the KBB value I had found; $3600. However, the cost of repairs from the shop are estimated at $3500. So, the car is listed as a total loss. I tried askign insurance if they can just not make it a total loss so that I can avoid paying the salvage fee in buying it back from them. However, I think they were saying that by state law (delaware) they don't get to decide if a car is total loss or not.
Does anyone know if this is real, or BS? I googled it and Delaware appears to be a TLF (total loss formula) state, where the point of totaling is when (cost of repairs)+(salvage cost) > ACV.
So, if this is accurate, I can pay the salvage fee ($450) and then they cut me a check, and I do the repairs. I'm out a total of $350 ish, which isn't terrible. Or, I could try to get a quote from another shop. Or, I could try to only do partial repairs, etc...