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114 Posts
Hi Everyone,
I was rear-ended by a pizza delivery van! I was stopped, waiting for the car in front of me to make a left turn. The van hit me at speed, probably about 30 mph, with no sign of slowing down. He must have been looking at his phone. I saw it coming in my rear-view mirror. Luckily, I'm fine. The result is that the repair shop (Haury's Lakecity Collision, BMW certified) believes the actual repair costs will be close to twice the $8,200 estimate by my insurance (Ameriprise). My M5 with 116k miles that I have owned since 2006 is totaled. The insurance valuation came back at $13,337 w/o tax and fees. I'm disappointed that I won't be able to repair it but I'm glad that I've become a lot less "emotional" about my M5. I realize the value is low so I'm contesting the value and will be providing my comparable examples. While doing this, I'm trying to decide whether to buy the salvage. My insurance has said the salvage is $5,360. I don't want to be the one to part it. I'm seeking advice on whether to let it go or try to find someone who wants to fix it. What do you all think? I'll take any advice on how to maximize the value as well.
Thanks everyone!
I was rear-ended by a pizza delivery van! I was stopped, waiting for the car in front of me to make a left turn. The van hit me at speed, probably about 30 mph, with no sign of slowing down. He must have been looking at his phone. I saw it coming in my rear-view mirror. Luckily, I'm fine. The result is that the repair shop (Haury's Lakecity Collision, BMW certified) believes the actual repair costs will be close to twice the $8,200 estimate by my insurance (Ameriprise). My M5 with 116k miles that I have owned since 2006 is totaled. The insurance valuation came back at $13,337 w/o tax and fees. I'm disappointed that I won't be able to repair it but I'm glad that I've become a lot less "emotional" about my M5. I realize the value is low so I'm contesting the value and will be providing my comparable examples. While doing this, I'm trying to decide whether to buy the salvage. My insurance has said the salvage is $5,360. I don't want to be the one to part it. I'm seeking advice on whether to let it go or try to find someone who wants to fix it. What do you all think? I'll take any advice on how to maximize the value as well.
Thanks everyone!
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