Aluminum Driveshaft Failure at 70 mph...
I do if you're anywhere near San Diego. These guys are the best: http://sdgearaxle.com/
Thread Starter
V6 Member
Joined: July 7, 2005
Posts: 66
Likes: 0
Keep as a salvaged vehicle?
Hello everyone, here’s a “what would you do” question for everyone:
I have a choice to make quickly: I’m the owner of the destroyed ’06 yellow GT caused by the driveshaft install. Now that I’ve got this almost settled with the insurance company I have to decide on the following:
A: Have them total out the car and I get to payoff my loan and still have $$$ left. But if I do this I still won’t be in a position to turn around and buy another stock GT. But I would still have my $3,500 PIAA wheels, my navigation head unit, u/d pulleys, exhaust, etc…
B: My other option is to purchase back the vehicle from the insurance company as a salvage vehicle, my loan gets paid off, and I still have about $4500 afterwards. The benefits are that I’ll still have my car, but… it would be considered a salvaged vehicle as far as title goes, and it would need to be repaired in order to get it returned to a legal status again, and of course loses a significant amount of value.
However, if I do keep the car then I would be able to spend less (under $25k) than the cost of a new car in stock form, and be able to rebuild the car into a monster. TKO 600 transmission, stroker modular engine and a Granatelli turbo, fuel system, etc and have a 700+ hp car.
I’m obviously leaning towards this direction, although I still would not be in a position to rebuild this car anytime soon. I would have this pretty paperweight sitting for several months. But are there any big concerns over taking on this car as a salvaged vehicle even with the financial benefits?
I paid about $26k, the car's resale value that I'll receive from insurance is $24,500 (even after 21k in miles), I get to keep my $3,300 wheels, my $2k navigation system, my u/d pulleys, the engine heads should be just fine, etc.
It'll cost me about $20k to repair, less than buying a new Mustang stock.
Thanks for your thoughts and suggestions!
I have a choice to make quickly: I’m the owner of the destroyed ’06 yellow GT caused by the driveshaft install. Now that I’ve got this almost settled with the insurance company I have to decide on the following:
A: Have them total out the car and I get to payoff my loan and still have $$$ left. But if I do this I still won’t be in a position to turn around and buy another stock GT. But I would still have my $3,500 PIAA wheels, my navigation head unit, u/d pulleys, exhaust, etc…
B: My other option is to purchase back the vehicle from the insurance company as a salvage vehicle, my loan gets paid off, and I still have about $4500 afterwards. The benefits are that I’ll still have my car, but… it would be considered a salvaged vehicle as far as title goes, and it would need to be repaired in order to get it returned to a legal status again, and of course loses a significant amount of value.
However, if I do keep the car then I would be able to spend less (under $25k) than the cost of a new car in stock form, and be able to rebuild the car into a monster. TKO 600 transmission, stroker modular engine and a Granatelli turbo, fuel system, etc and have a 700+ hp car.
I’m obviously leaning towards this direction, although I still would not be in a position to rebuild this car anytime soon. I would have this pretty paperweight sitting for several months. But are there any big concerns over taking on this car as a salvaged vehicle even with the financial benefits?
I paid about $26k, the car's resale value that I'll receive from insurance is $24,500 (even after 21k in miles), I get to keep my $3,300 wheels, my $2k navigation system, my u/d pulleys, the engine heads should be just fine, etc.
It'll cost me about $20k to repair, less than buying a new Mustang stock.
Thanks for your thoughts and suggestions!
Shelby GT500 Member
Joined: April 25, 2007
Posts: 2,959
Likes: 2
From: Kansas City, MO
I would cut my losses, keep my parts and let them total the car. It will never be right again, never feel right again, and I know as long as this has gone on you would be money ahead to save and get into a new 2008 maye next Spring or Summer. Just my input, I would let it go.
Legacy TMS Member
Joined: August 7, 2006
Posts: 16,113
Likes: 789
From: In Boredom
I think I would either let it go or take it back and part it out. I would think you would be able to get another 5 grand easy parting it out, not counting your wheels and head unit. Then buy a new car.
Hello everyone, here’s a “what would you do” question for everyone:
I have a choice to make quickly: I’m the owner of the destroyed ’06 yellow GT caused by the driveshaft install. Now that I’ve got this almost settled with the insurance company I have to decide on the following:
A: Have them total out the car and I get to payoff my loan and still have $$$ left. But if I do this I still won’t be in a position to turn around and buy another stock GT. But I would still have my $3,500 PIAA wheels, my navigation head unit, u/d pulleys, exhaust, etc…
B: My other option is to purchase back the vehicle from the insurance company as a salvage vehicle, my loan gets paid off, and I still have about $4500 afterwards. The benefits are that I’ll still have my car, but… it would be considered a salvaged vehicle as far as title goes, and it would need to be repaired in order to get it returned to a legal status again, and of course loses a significant amount of value.
However, if I do keep the car then I would be able to spend less (under $25k) than the cost of a new car in stock form, and be able to rebuild the car into a monster. TKO 600 transmission, stroker modular engine and a Granatelli turbo, fuel system, etc and have a 700+ hp car.
I’m obviously leaning towards this direction, although I still would not be in a position to rebuild this car anytime soon. I would have this pretty paperweight sitting for several months. But are there any big concerns over taking on this car as a salvaged vehicle even with the financial benefits?
I paid about $26k, the car's resale value that I'll receive from insurance is $24,500 (even after 21k in miles), I get to keep my $3,300 wheels, my $2k navigation system, my u/d pulleys, the engine heads should be just fine, etc.
It'll cost me about $20k to repair, less than buying a new Mustang stock.
Thanks for your thoughts and suggestions!
I have a choice to make quickly: I’m the owner of the destroyed ’06 yellow GT caused by the driveshaft install. Now that I’ve got this almost settled with the insurance company I have to decide on the following:
A: Have them total out the car and I get to payoff my loan and still have $$$ left. But if I do this I still won’t be in a position to turn around and buy another stock GT. But I would still have my $3,500 PIAA wheels, my navigation head unit, u/d pulleys, exhaust, etc…
B: My other option is to purchase back the vehicle from the insurance company as a salvage vehicle, my loan gets paid off, and I still have about $4500 afterwards. The benefits are that I’ll still have my car, but… it would be considered a salvaged vehicle as far as title goes, and it would need to be repaired in order to get it returned to a legal status again, and of course loses a significant amount of value.
However, if I do keep the car then I would be able to spend less (under $25k) than the cost of a new car in stock form, and be able to rebuild the car into a monster. TKO 600 transmission, stroker modular engine and a Granatelli turbo, fuel system, etc and have a 700+ hp car.
I’m obviously leaning towards this direction, although I still would not be in a position to rebuild this car anytime soon. I would have this pretty paperweight sitting for several months. But are there any big concerns over taking on this car as a salvaged vehicle even with the financial benefits?
I paid about $26k, the car's resale value that I'll receive from insurance is $24,500 (even after 21k in miles), I get to keep my $3,300 wheels, my $2k navigation system, my u/d pulleys, the engine heads should be just fine, etc.
It'll cost me about $20k to repair, less than buying a new Mustang stock.
Thanks for your thoughts and suggestions!
Legacy TMS Member
Joined: November 13, 2005
Posts: 2,193
Likes: 46
I would cut my losses, keep my parts and let them total the car. It will never be right again, never feel right again, and I know as long as this has gone on you would be money ahead to save and get into a new 2008 maye next Spring or Summer. Just my input, I would let it go.
Take your settlement, bank it, and save for a new one IMHO.
NTTAWWT
Joined: January 27, 2007
Posts: 14,456
Likes: 35
From: That town you drive through to get to Myrtle Beach
I hate to use the "t" word talking about Mustangs, so I wont, but it would probably be better to let her go - Yeah, you could have superbad car, but you will more than likely run into some problems that you didnt think of, more mone gets involved, and the car will always have been wrecked. It's possible that it'll never be right again...just go try to find a new one.
Mach 1 Member
Joined: August 10, 2007
Posts: 778
Likes: 0
From: Cincinnati OH
Hello everyone, here’s a “what would you do” question for everyone:
I have a choice to make quickly: I’m the owner of the destroyed ’06 yellow GT caused by the driveshaft install. Now that I’ve got this almost settled with the insurance company I have to decide on the following:
A: Have them total out the car and I get to payoff my loan and still have $$$ left. But if I do this I still won’t be in a position to turn around and buy another stock GT. But I would still have my $3,500 PIAA wheels, my navigation head unit, u/d pulleys, exhaust, etc…
B: My other option is to purchase back the vehicle from the insurance company as a salvage vehicle, my loan gets paid off, and I still have about $4500 afterwards. The benefits are that I’ll still have my car, but… it would be considered a salvaged vehicle as far as title goes, and it would need to be repaired in order to get it returned to a legal status again, and of course loses a significant amount of value.
However, if I do keep the car then I would be able to spend less (under $25k) than the cost of a new car in stock form, and be able to rebuild the car into a monster. TKO 600 transmission, stroker modular engine and a Granatelli turbo, fuel system, etc and have a 700+ hp car.
I’m obviously leaning towards this direction, although I still would not be in a position to rebuild this car anytime soon. I would have this pretty paperweight sitting for several months. But are there any big concerns over taking on this car as a salvaged vehicle even with the financial benefits?
I paid about $26k, the car's resale value that I'll receive from insurance is $24,500 (even after 21k in miles), I get to keep my $3,300 wheels, my $2k navigation system, my u/d pulleys, the engine heads should be just fine, etc.
It'll cost me about $20k to repair, less than buying a new Mustang stock.
Thanks for your thoughts and suggestions!
I have a choice to make quickly: I’m the owner of the destroyed ’06 yellow GT caused by the driveshaft install. Now that I’ve got this almost settled with the insurance company I have to decide on the following:
A: Have them total out the car and I get to payoff my loan and still have $$$ left. But if I do this I still won’t be in a position to turn around and buy another stock GT. But I would still have my $3,500 PIAA wheels, my navigation head unit, u/d pulleys, exhaust, etc…
B: My other option is to purchase back the vehicle from the insurance company as a salvage vehicle, my loan gets paid off, and I still have about $4500 afterwards. The benefits are that I’ll still have my car, but… it would be considered a salvaged vehicle as far as title goes, and it would need to be repaired in order to get it returned to a legal status again, and of course loses a significant amount of value.
However, if I do keep the car then I would be able to spend less (under $25k) than the cost of a new car in stock form, and be able to rebuild the car into a monster. TKO 600 transmission, stroker modular engine and a Granatelli turbo, fuel system, etc and have a 700+ hp car.
I’m obviously leaning towards this direction, although I still would not be in a position to rebuild this car anytime soon. I would have this pretty paperweight sitting for several months. But are there any big concerns over taking on this car as a salvaged vehicle even with the financial benefits?
I paid about $26k, the car's resale value that I'll receive from insurance is $24,500 (even after 21k in miles), I get to keep my $3,300 wheels, my $2k navigation system, my u/d pulleys, the engine heads should be just fine, etc.
It'll cost me about $20k to repair, less than buying a new Mustang stock.
Thanks for your thoughts and suggestions!
Another thing to think about is let's say you do buy it back etc and you have an accident. It won't take any more $$ in damages than the salvage value before the insurance company totals the car, and then you will only get paid the salvage value. In other words it will never be insurable for any more than the salvage value, even if the accident is not your fault. You could very easily lose a boatload of $$ repairing the car. Just my 2 cents.
Aside from that, man does it irritate me you've been through all this and you still can't replace your car. I am not a big fan of lawsuits but since the guy was such a jerk I would be tempted to sue him in civil court for damages for the amount of time you were without your car as well as the emotional distress of the long battle he put you through. I don't know how realistic that is, but in my opinion you have not been "made whole" again.
Yeah, I've had too much coffee.......
Thread Starter
V6 Member
Joined: July 7, 2005
Posts: 66
Likes: 0
Another thing to think about is let's say you do buy it back etc and you have an accident. It won't take any more $$ in damages than the salvage value before the insurance company totals the car, and then you will only get paid the salvage value. In other words it will never be insurable for any more than the salvage value, even if the accident is not your fault. You could very easily lose a boatload of $$ repairing the car. Just my 2 cents.
Aside from that, man does it irritate me you've been through all this and you still can't replace your car. I am not a big fan of lawsuits but since the guy was such a jerk I would be tempted to sue him in civil court for damages for the amount of time you were without your car as well as the emotional distress of the long battle he put you through. I don't know how realistic that is, but in my opinion you have not been "made whole" again.
Yeah, I've had too much coffee.......
Aside from that, man does it irritate me you've been through all this and you still can't replace your car. I am not a big fan of lawsuits but since the guy was such a jerk I would be tempted to sue him in civil court for damages for the amount of time you were without your car as well as the emotional distress of the long battle he put you through. I don't know how realistic that is, but in my opinion you have not been "made whole" again.
Yeah, I've had too much coffee.......
The point about insurance is a key one, I almost overlooked that part... that is a tough one to dismiss.... On the legal side, the general outlook is that financially you should be made whole. Time without the car and headaches over everything count for little. And to file a lawsuit would only cost more money than what one might legitimately claim they are owed, so your legal fees eat into anything that might be won...
Mach 1 Member
Joined: August 10, 2007
Posts: 778
Likes: 0
From: Cincinnati OH
On the legal side, the general outlook is that financially you should be made whole. Time without the car and headaches over everything count for little. And to file a lawsuit would only cost more money than what one might legitimately claim they are owed, so your legal fees eat into anything that might be won...
Well there is small claims court, but, I can see just wanting this to END. It would be music to my ears to see you post here one day that this business has closed it's doors for good
