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Old 05-03-2009, 10:18 PM   #1
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Default Car Companies Work to End Car "Totaling"

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Car Companies Work to End Car "Totaling"

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Kevin Ransom from AOL Autos via CNN: Car companies and insurers are working hard to try and reduce the cost of auto repairs and insurance premiums for consumers and some of the development is breathtaking in its innovation. This effort has already led to many new developments in the design of various auto parts and components

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Old 05-14-2009, 10:24 PM   #2
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Default Re: Car Companies Work to End Car "Totaling"

I had no idea that GM was requiring the entire side of a car to be replaced! Good body shops have been stitching cars back together for as long as people have been getting in accidents with them. It makes sense that they would offer sections as replacement parts, after all, that's what happens when the body shop buys a quarter panel from the wrecking yard...

What the article didn't say was just as important. Most insurance companies will authorize new parts only during the production model year of the car. Got a 2008? The first choice will be "used" parts, with new authorized only if used are unavailable.

Most insurance companies will "total" the car only if the cost to repair exceeds 70% of current retail. For cars who have resale problems, this translates into better chances of your car being totalled.

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