I need some advice from anybody that has bought back their car after it was totaled from the insurance company. I have a 2002 530i with sport package. Car was rear ended and the rear quarter panel is damaged along with rear bumper and tail light. Car had 119k. Everything else is ok.
Buy back is $2900. Not sure if this car has enough parts in it to make it worth it to buy it back. I know I could break even, but is it worth the time?
My ultimate goal would be pulling the M54 and putting it in the e30 that I have. Then getting another e39 and have some spare parts. I would like to break even on parting the rest of the car out (sport seats, auto transmission, suspension, brakes, body parts, etc).
I was expecting the buyback to be $1000, maybe $2000. I have had an e30 sitting on the side of my house for three years waiting for me to make time for it. I think at this point, I’m going to skip the buyback and put that money towards something else.
Someone on another forum told me to have the car towed back to my house, yank out the engine, headlights, seats, etc and then send it back to the yard before signing over the title. This doesn’t sound legal, but then again, I still own the car right now. Is this even possible?
well you can always take what you want then junk it.
if you really want to swap the motor now is the best time to do it. then you have EVERYTHING you could need parts wise. Quick google search has an m54 going for like 2k without trans or wiring probably.
then like you said you could part out the car for even more monies.
You don’t really own the car anymore though, since you’ve accept the payout check. The payout check was the insurance company paying you for your wrecked car, including the parts you’re now considering taking from it. So yes, I’m guessing there are legal risks with taking parts off it now.