TJ Schulze
10-11-2013, 12:13 AM
I kinda found out what the insurance company I have says my 1990 Daytona ES is worth. This was based on the car as it came from the factory. This was a TBI 2.5 with the 5 speed. Air conditioning and sunroof. No power windows or door locks. A pretty basic car.
This all came about after I had a fire under the hood caused by a fuel line breaking. Minimal damage really. I am insured through Geico and their policy is to total any vechicle that had a fire under the hood.
So they totalled my car and did the valuation. I was surprised at the price. They paid out $2585.00. After my $250.00 deductible and the $200.00 the charged me to buy the car back I think I did pretty good, especially since I bought the car 12 years ago for $1100.00. The only down side is that it is now a salvage title car, but I don't plan on selling it so no big deal there.
The cost to fix the car? A new radiator and upper hose and thermostat housing. New timing belt and waterpump belt. A couple of those vacumn solenoid valves and a coil and new plug wires. The worst part was repairing the burnt wiring harness feeding power to all the lighting on the right front of the car. Total cost for the parts was $179.00.
Mind you this car has a lot of work done to the suspension and I do have the 2.5 with the hybrid 16 valve dohc motor.
All in all I think the insurance company did me very well for a 23 year old car that originally sold for $9789.00 according to what was listed on the title.
This all came about after I had a fire under the hood caused by a fuel line breaking. Minimal damage really. I am insured through Geico and their policy is to total any vechicle that had a fire under the hood.
So they totalled my car and did the valuation. I was surprised at the price. They paid out $2585.00. After my $250.00 deductible and the $200.00 the charged me to buy the car back I think I did pretty good, especially since I bought the car 12 years ago for $1100.00. The only down side is that it is now a salvage title car, but I don't plan on selling it so no big deal there.
The cost to fix the car? A new radiator and upper hose and thermostat housing. New timing belt and waterpump belt. A couple of those vacumn solenoid valves and a coil and new plug wires. The worst part was repairing the burnt wiring harness feeding power to all the lighting on the right front of the car. Total cost for the parts was $179.00.
Mind you this car has a lot of work done to the suspension and I do have the 2.5 with the hybrid 16 valve dohc motor.
All in all I think the insurance company did me very well for a 23 year old car that originally sold for $9789.00 according to what was listed on the title.