Wrecked Camaro - To Keep or Not to Keep!

Hi Tony,

I saw your website and thought you might be able to answer this for me. We have a 1997 Chevy Camaro in good condition. My husband was rearended and the two estimates were over $3,500 for repairs.

Both places felt the vehicle was "totalled." The claims adjuster has been able to talk one of the shops down to $2,500. I am not comfortable with this "negotiation." We did not have full coverage on our policy so we can't "argue" with them.

My question is this. If they fix this car, won't it still have less value if we sell it or trade it in? Won't the accident most likely show up on a CarFax report? Thank you for any input you can give.

Jenny

---

Hi Jenny,

If the car is properly and professionally repaired the damage shouldn't be noticeable. You are right however, it probably will show up in Carfax. Tell the insurance company about your concerns. Maybe they'll accommodate you in some way.

Another solution might be to sell the car to one of the body shops in it's current condition. Then take whatever you get from them and the insurance repair money and get yourself another car. Body shops and paint & body guys are always looking for repairable wrecks to buy.

All my best . . .

Tony Iorio
http://www.insidercarsecrets.com/
http://www.car-loan-quotes.com/
http://www.used-car-warranty.com/
http://www.greatcreditcarddeals.com/