My 2018 Model 3 sustained a fist-sized bump above the drivers-side rear wheel. Person who backed into my stationary car accepted full responsibility.
Estimate to repair is $12,000, but I’m asking for a second quote. FMV of car is $32,000 according to the insurance comps. But get this….they tell me the car will get $30,000 at a salvage auction so according to CA law, if salvage value plus repair is > FMV, it is totaled.
By my math, that means any repair over $2,000 will mean it’s totaled. They claim the Model 3 gets a very high price at salvage auctions.
Has anyone else run into this issue? Sure seems wrong to me.
Estimate to repair is $12,000, but I’m asking for a second quote. FMV of car is $32,000 according to the insurance comps. But get this….they tell me the car will get $30,000 at a salvage auction so according to CA law, if salvage value plus repair is > FMV, it is totaled.
By my math, that means any repair over $2,000 will mean it’s totaled. They claim the Model 3 gets a very high price at salvage auctions.
Has anyone else run into this issue? Sure seems wrong to me.