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Old 08-10-2014, 10:10 AM   #4
MagicRat
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Re: Should I keep car declared a Total Loss?

Quote:
Originally Posted by GTP Dad View Post
Let the car go and get another one. Although the cost of the repair is higher than the value it is possible that there are hidden issues that they didn't identify due to the actual book value of the car. Once an insurance company reaches a certain level during an estimate if it is greater than 75% of the car's value they will total it. Say goodbye and go find a good used Escort for a reasonable price.
Totally agree. Your car's mileage means its approaching the end of its useful life. This car is mostly worn-out and has no special-interest or collector value, so there is no reason to keep it.
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