So, once again, #43 is still alive or was it totaled for real?
Personally I don't see why the insurance company would have done that tbh, but what do I know then...
In the U.S., an insurance company will chose to total a vehicle rather than fix it, if the estimated repair cost will be more than a certain percentage of the car's current value. This percentage varies from state to state, and in some cases will can be as low as 50% of value. This is to prevent cars with major damage from being shoddily repaired and put back onto the roads. The insurance company may have determined there aren't any facilities in the U.S. even qualified to do this type of carbon fiber repair to the equivalent quality of the original work. It may be that the only way to get this car fixed properly would have been to ship it back to Koenigsegg themselves, and then ship it back. When you take that into consideration, and the expense that would entail, it isn't too surprising that they decided not to have it repaired.
The only flaw in the system is that some states will allow a "totalled" car to be issued a "salvage" or "rebuilt" title and then repaired, with the understanding that the branded title will always follow the car, so that a potential buyer will know that they are buying a car which has previously had major damage, and may not have been repaired to the highest standards. But the title can be "washed" by selling or moving the car into a different state that does not issue or transfer salvage or rebuilt titles, and the car looks new again. The whole reason CarFax and other such services exist is to collect all the registration records for one VIN together, to see the history of such shenanigans, to help buyers know exactly what they are buying.
With the value of this car, don't be surprised if it turns up again. I read a rumour that the Enzo that was famously crashed by Eddie Griffin has been repaired and is for sale.
Last edited by mattjs33; 20th November 2009 at 18:27.
Regarding the Enzo, it is actually for sale (they even issued a press event for that) and the owner of the company who repaired it and that it's specialized in repairing and selling salvage exotics is the same dude who crashed the Veyron into a lake in Texas.
All facts, no rumors.
I understand the reasoning of the insurance companies and it perfectly applies to every day cars, while if we are talking about exotics and rare cars, there isn't a close relationship between the cost of the car and its value. Like, who decided a 250 GTO is worth 10 M $ or whatever it was rather than 5 M $? After all, a complete refurbishment and rebuilding (when possible, talking about classics) won't cost more than 2 M $ in the worst cases.
Now a K isn't a 250 GTO at all, but it is still carrying a value whih isn't related to its cost. Even the famous 330 P4 was crashed in the past, but that isn't preventing it from commanding absurd figures for a sale.
Hence totaling a car like this for such a (apparently) minor damage sounds really inappropriate, not even considering that sort of "emotional feelings" we enthusiasts have will looking at these sort of images.
As far as I can remember the crashed and repaired Enzo is for sale for something like 1.300.000 $ (not that much less than other intact units with very few miles on the odometer).
A lot of what insurance companies do makes little sense. An employee of mine had his car run into while it was parked in his driveway, yet was told he was repsonsible for a portion of the repairs. They gotta pay for those big fancy buildings somehow...
...same dude who crashed the Veyron into a lake in Texas.
Crashed, whatever, I've seen the video, it was driven into the water. Funny how a guy happens to be filming it as it happens, and what the hell is anybody doing driving a Veyron on a dirt frontage road anyway? The whole thing reeks of fraud.
Crashed, whatever, I've seen the video, it was driven into the water. Funny how a guy happens to be filming it as it happens, and what the hell is anybody doing driving a Veyron on a dirt frontage road anyway? The whole thing reeks of fraud.
What is it about that? But the road was asphalt I beleive but it was ver yweird how he just drove off.
As I wrote about he runs a company which buys and repairs damaged/wrecked/totaled exotics (salvage car) and then sells them again, like Edie Griffin's Ferrari Enzo, which was for sale at an astronomical 1.300.000 $ price before the economy started sinking.
Talking about his accident with the Veyron, he probably was just distracted, maybe he was talking at the phone or the phone dropped from his hand, definitely no huge bird or even an UFO on his way.
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