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      01-16-2019, 05:00 PM   #1
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Salvaged M4 GTS in Austin, TX

Is this the first one totaled in the US?

https://www.copart.com/lot/53536968
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      01-16-2019, 07:22 PM   #2
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Originally Posted by Day Laborer View Post
Is this the first one totaled in the US?

https://www.copart.com/lot/53536968
Already $50,500, reserve met.
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      01-19-2019, 09:41 PM   #3
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I wonder if the owner is on here...
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      01-20-2019, 06:57 AM   #4
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I hope it died a glorious death, running on the track where it belongs
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      01-23-2019, 05:52 AM   #5
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The engine is running even with all the damage to the front end.
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      01-23-2019, 08:40 AM   #6
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what did it sell for?
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      03-17-2019, 12:56 PM   #7
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One car closer to the number BMW said we were originally going to get here! Sorry couldn't help myself.
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      03-17-2019, 08:02 PM   #8
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Quote:
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One car closer to the number BMW said we were originally going to get here! Sorry couldn't help myself.


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      03-17-2019, 10:57 PM   #9
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LOL...estimated retail $91k. Guess they haven’t been follwing the market, low mile GTS are $79k.
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      03-29-2019, 12:49 PM   #10
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Quote:
Originally Posted by Darth One View Post
I hope it died a glorious death, running on the track where it belongs
First read, I thought you were talking about the driver...
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      05-22-2019, 10:52 PM   #11
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Hey!

Last edited by MDGTS; 06-05-2019 at 04:31 PM..
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      05-23-2019, 06:04 AM   #12
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Quote:
Originally Posted by Valgts View Post
Hey! i got in to an accident with my gts, my insurance estimated the repair cost 45K$, 2 airbags deployed, and they still want to repair and said we cant total loss this vehicle, of course i cant agree with them and i dont need this vehicle anymore with such a history and all.. can i do anything, fight with them?
Thanks.
Not sure what state you live in but it will depend on the percentage of the damage versus comparative sales of undamaged cars.

I live in SC and that number is 75%. Comparable sales number recently used was like 78k for an undamaged GTS.

You could also argue diminished value, if your policy will support the argument, since the GTS is truly a unique car. That might help drive up the loss, perhaps to total.

I understand not wanting a wrecked car, but if you can get it repaired properly and get some offset on the diminished value which will help with having to sell the car for less money, I think you've been made pretty whole on the deal. Not to mention, you'd have the opportunity to pay it forward and sell the car to someone that doesn't mind a wrecked car that would appreciate a GTS but couldn't otherwise afford it. Just a thought.
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      05-23-2019, 07:01 AM   #13
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I

Last edited by MDGTS; 06-05-2019 at 04:32 PM..
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      05-23-2019, 07:36 AM   #14
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Salvaged M4 GTS in Austin, TX

Not knowing your particulars and not seeing pics, just going on personal experience...


Here's a link for total loss by state:
https://www.carinsurance.com/Article...hresholds.aspx

IL takes the repair cost (45k) + salvage (I have no details on your particulars, but I'm guessing front end, so let's say salvage is ~28k) = 73k. You're pretty close to a total since actual cash value is probably ~78k. I would think you certainly could argue at least 5k of diminished value, which would take you to a total.

I definitely don't think you could get, based on the above, 73k for a wrecked GTS. But I think you could certainly get 60-65 for a properly repaired one. That would be a great deal for someone, the right someone. (With good pics of damage and repair process)(OEM parts, too)

As a side note, 45k sounds like a big number, but when you look at the hood, two front splitters, you're already at 10k.

This is not a fun process, sorry about that
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