Totaled '03 3500-Buy Back? What to do?

[RDeFayette]

Hey all hope no one pulled any April Fools Jokes on anyone today!! (Not major anyway)

Back to the topic at hand, I posted an RIP thread a little over 2 weeks ago when I was broadsided. The other person was doing about 55 mph and hit me square in the doors (pass. side) pushed the cab over to the frame and then bent the frame. Anyway, after 2+ weeks I should be getting a settlement figure in the next day or so. My question is should I buy back the truck from the insurance company? I can buy it back to either part it out or sell it whole.

The one thing I will need to do if I do buy it back is get it either parted or sold in short order, as my wife will not stand for it being around long!!



It is a '03 (133K miles), 4x4, QCLB, dually with "C" code (HO) engine, 48RE auto (30 K miles on complete rebuild), SLT. The truck still started and ran after the accident but when I pushed on the accelerator, the engine did not rev up. Easy to understand as the cab is +/- 24 inches to the left of where it is supposed to be! Mechanically I looked at it the axles (F & R) were not touched, the transmission and transfer case are good. The drive train is fine but the cab and frame are screwed. Both seats are messed up on the right side the left side doors are ok.

Help I need to decide and sign the papers the first of next week!

If it makes any difference, I am located just south of Carlisle, PA.

Thanks a ton (3500),

Bob

PS. I am going to stick in a couple of pictures to give you an idea of the condition.

 

[jgillott]

First and foremost, I am very happy that your were able to walk away from that accident. Thank God you were driving what you were.



Your question is difficult to answer without knowing what your settlement and buyback values are. I agree with you that the truck has many good parts on it, but it may not be cost effective for you to attempt to part it if your wife isn't going to give you the time to get all the available parts out of it before it has to go to the scrap yard.

 

[RDeFayette]

I forgot to say the buy back is 3600. 00

Sorry,

Bob

 

[jgillott]

I'd buy it back. Promise your wife something nice out of the profit if you have to.

 

[macdaddy]

I forgot to say the buy back is 3600. 00

Sorry,

Bob

I would think you would get at least 5k for the engine alone, not to mention the trans and transfer case and axels.



Mac

 

[Bernie]

I forgot to say the buy back is 3600. 00

Sorry,

Bob

That is very reasonable. Buy it back, sell the parts, make a profit.

 

[Wingate]

So, should I come pick it up... that way you dont get into trouble with your wife!!. .

 

[Bernie]

I too would gladly buy it from you so it is not in your driveway. How about $4k?

 

[AABEN]

YES get it make money