Question about Challenge Budget on totaled car-Page 2| Grassroots Motorsports forum |

wheels777 Dork
9/12/13 4:21 a.m.

moparman76_69 wrote: .............. Either that or current scrap price for the car then the repair costs count towards your budget.

1964 Chevrolet Nova Specifications

Model Number Body/Style Number Body Type & Seating Factory Price Shipping Weight Total Production Chevy II Series 100 - Four-Cyl

01 69 4 Dr Sedan $2,048 2,495 lbs Note 1

01 11 2 Dr Sedan $2,011 2,455 lbs

Chevy II Series 200 - Six-Cyl

02 69 4 Dr Sedan $2,108 2,580 lbs Note 1

02 11 2 Dr Sedan $2,070 2,540 lbs

02 35 2 Dr Station Wagon $2,406 2,840 lbs

Chevy II Nova Series 400 - Six-Cyl

04 69 4 Dr Sedan $2,243 2,595 lbs Note 1

04 11 2 Dr Sedan $2,206 2,560 lbs

04 37 2 Dr Sport Coupe $2,271 2,660 lbs

04 35 4 Dr Station Wagon $2,503 2,860 lbs

Nova Super Sport Series

04 47 2 Dr Hardtop Sport Coupe $2,433 2,675 lbs 10,576

2,595# x $9.5/100# (9/11/13 rate) = $246.53. And fix counts toward the budget.

wheels777 Dork
9/12/13 7:14 a.m.

Swank Force One wrote:
patgizz wrote:
TheV8Kid wrote:
patgizz wrote: no, but the investment prior to totalling minus the cost to repair the damage does sound like a fair starting point. disregard the $225
The problem with that is we only paid $1000 for the car and the repair bill was well over that. So we'd be basically starting at 0. That doesn't sound fair to me.
then it sounds like a $1000 starting point once you get it to pre accident condition
Yup, this. Or maybe a little less if it will now have a branded title if it didn't before.

The title will be branded. We had to get a salvage cert just to get our money from the insurance company.

David S. Wallens Editorial Director
9/12/13 1:27 p.m.

In cases like this, we'd say that assigning a fair market value to the car in its current condition is fair for all involved. We just ask that you can back up that figure with some paperwork--ad for a similar car, etc.

Junkyard_Dog Dork
9/12/13 6:31 p.m.

I'll stop bidding now in an effort to keep FMV lower

Plus I'm pretty broke right now.

But seriously, that is an absurdly easy fix. I've had 4 of those Novas and they're ridiculously simple to work on. I would just repair it and drive it.