F30POST
F30POST
2012-2015 BMW 3-Series and 4-Series Forum
BMW Garage BMW Meets Register Search Today's Posts Mark Forums Read
BMW 3-Series and 4-Series Forum (F30 / F32) | F30POST > 2012-2019 BMW 3 and 4-Series Forums > General F30 Sedan / F32 Coupe / F36 Gran Coupe Forum > I crashed: Streeing Rack, Tie rods, Knuckles, control arm gone. Need advice
Extreme Powerhouse
Post Reply
 
Thread Tools Search this Thread
      09-25-2021, 10:53 AM   #23
tturedraider
Brigadier General
tturedraider's Avatar
United_States
1428
Rep
3,478
Posts

Drives: 18 Glacier Silver 340i M Sport
Join Date: Apr 2006
Location: Chicago, Edgewater (via Texas & Tennessee)

iTrader: (0)

Garage List
Quote:
Originally Posted by bavarianride View Post

Also, insurance usually goes with trade(e.g. picks comparable trade sales from dealers), so that can drop appraised value to $13k(e.g.) dependent on mileage and conditions.
Insurance is OBLIGATED to pay full retail market value plus sales tax and related governmental fees. The OP could pretty easily make the case that his very low mileage, Luxury line 328i xDrive has a retail value somewhere between $18k - $20k.
__________________

www.bmwcca.org
member #388003 - Use me as a referral
& you could win a one day ///M Driving School!!

___________________________________________
Appreciate 0
      09-25-2021, 12:47 PM   #24
adilakif
Enlisted Member
adilakif's Avatar
5
Rep
30
Posts

Drives: 2013 328i xDrive
Join Date: May 2017
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by tturedraider View Post
Insurance is OBLIGATED to pay full retail market value plus sales tax and related governmental fees. The OP could pretty easily make the case that his very low mileage, Luxury line 328i xDrive has a retail value somewhere between $18k - $20k.
Using the same logic ($20k value) can I convince the insurance to repair the car? I don't want them to total it. I am seeing similar cars to mine between $18k - $21k on various used car sites.

Also how does my $2k deductible play into this? Would insurance consider the repair cost $9k instead of $11k?
Appreciate 0
      09-25-2021, 01:07 PM   #25
tturedraider
Brigadier General
tturedraider's Avatar
United_States
1428
Rep
3,478
Posts

Drives: 18 Glacier Silver 340i M Sport
Join Date: Apr 2006
Location: Chicago, Edgewater (via Texas & Tennessee)

iTrader: (0)

Garage List
Quote:
Originally Posted by adilakif View Post
Using the same logic ($20k value) can I convince the insurance to repair the car? I don't want them to total it. I am seeing similar cars to mine between $18k - $21k on various used car sites.

Also how does my $2k deductible play into this? Would insurance consider the repair cost $9k instead of $11k?
Yes, the more your car is worth the more likely they will repair it. To be honest, I don’t know if they consider the amount your deductible reduces their repair payout if they repair instead of totaling. That makes sense, but insurance companies don’t always make sense with their decisions.

If they were to total it you have the option to buy it back and have it repaired. The salvage value would likely be quite low, so you could very conceivably make money. The problem there is that your car would have a “branded”, rebuilt title and that would make it worth less money when you sell it (or trade it) even if all the damage is perfectly repaired and the car is in just as good condition as before the wreck.
__________________

www.bmwcca.org
member #388003 - Use me as a referral
& you could win a one day ///M Driving School!!

___________________________________________
Appreciate 0
      09-25-2021, 01:26 PM   #26
bavarianride
Brigadier General
724
Rep
3,140
Posts

Drives: bimmer
Join Date: Feb 2013
Location: northern california

iTrader: (0)

Quote:
Originally Posted by tturedraider View Post
Insurance is OBLIGATED to pay full retail market value plus sales tax and related governmental fees. The OP could pretty easily make the case that his very low mileage, Luxury line 328i xDrive has a retail value somewhere between $18k - $20k.
NJ's statue is similar to CA too and requires settlement to include applicable taxes and other fees.

However the statue does not require full retail market value, but actual cost of a "substantially similar auto". or actual cash value(ACV).

From the the few totaled settlements from friends, the local insurers comp analysis (e.g. from DMV sales records) usually come in close to trade first, and any counter data points move the settlement somewhere between private and trade, but not anywhere close to dealer full retail.
Appreciate 0
      09-25-2021, 01:35 PM   #27
bavarianride
Brigadier General
724
Rep
3,140
Posts

Drives: bimmer
Join Date: Feb 2013
Location: northern california

iTrader: (0)

Quote:
Originally Posted by adilakif View Post
Using the same logic ($20k value) can I convince the insurance to repair the car? I don't want them to total it. I am seeing similar cars to mine between $18k - $21k on various used car sites.

Also how does my $2k deductible play into this? Would insurance consider the repair cost $9k instead of $11k?
Yes the higher insurance's appraisal and lower salvage value, the less likely your car will be totaled.

The unfortunate(or fortunate dependent on your desired outcome) thing is salvage of F30 N20/N26 + ZF 8AT is relatively high right now, e.g. $6k+, so it depends what your insurance's comp analysis says the ACV would be, and total would need:

ACV - salvage < repair cost.

$2k deductible is subtracted from repair cost or any settlement alike, so it does not affect insurance decision one way or another(as shown in above equation).

As far $18k to $21k, your accident and repair likely will show up on Carfax and can affect resale value even if car is repaired/restored back to factory spec.
Appreciate 0
      09-25-2021, 01:45 PM   #28
rooosh798
Private
rooosh798's Avatar
United_States
29
Rep
68
Posts

Drives: 2017 340i
Join Date: May 2020
Location: New Jersey

iTrader: (0)

Currently going through the same process as the OP in New Jersey on a 2017 340i that was totaled bc the repair bill was over 75% of the vehicle's value. Based on that repair bill and the video, I think they might total the car because they might find more damage as a further more in-depth teardown is completed. I would think you hit the curb with some serious force bending a thick control arm like that. So even if the other parts look fine they could have taken a huge high force impact which could have compromised them.

As mentioned by others, in NJ if they total the car they will give you the determined value + sales tax + registration fee and then subtract out your deductible. I would start looking at comparable cars in the area and just get a list of the prices ready so that if it is totaled you can start the negotiating process. Knowing every single option on the car is also helpful so that it is accounted for when the valuation is made and negotiate hard. First valuation offers can be pretty low and you may have to provide them with listings from the area and other valuation data points so that they come to their senses somewhat and value the vehicle more accurately. That $2k deductible might be a killer though as that will get subtracted from the total payout. Use autotrader, carvana, truecar, cars.com etc to find similar vehicles.

If you have another car to drive around for the time being I don't think its the end of the world if they total it because the car market is insane right now and there is a chance you come out ahead on the payout just based on the prices at which market transactions are occurring currently for used cars.
__________________
_______________
340i Mineral Grey - M Sport package - Adaptive M Suspension
Appreciate 0
      09-25-2021, 01:52 PM   #29
rooosh798
Private
rooosh798's Avatar
United_States
29
Rep
68
Posts

Drives: 2017 340i
Join Date: May 2020
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by tturedraider View Post
Yes, the more your car is worth the more likely they will repair it. To be honest, I don’t know if they consider the amount your deductible reduces their repair payout if they repair instead of totaling. That makes sense, but insurance companies don’t always make sense with their decisions.

If they were to total it you have the option to buy it back and have it repaired. The salvage value would likely be quite low, so you could very conceivably make money. The problem there is that your car would have a “branded”, rebuilt title and that would make it worth less money when you sell it (or trade it) even if all the damage is perfectly repaired and the car is in just as good condition as before the wreck.
Trying to get the car re-insured with a branded title, might also end up costing more.
__________________
_______________
340i Mineral Grey - M Sport package - Adaptive M Suspension
Appreciate 0
      09-25-2021, 02:02 PM   #30
bavarianride
Brigadier General
724
Rep
3,140
Posts

Drives: bimmer
Join Date: Feb 2013
Location: northern california

iTrader: (0)

Quote:
Originally Posted by rooosh798 View Post
Trying to get the car re-insured with a branded title, might also end up costing more.
It depends on insurers, e.g. some local ones do not offer comprehensive nor collision on salvage titles(liability still available).

Also in CA salvaged titles require annual safety inspection@DMV too.
Appreciate 0
      09-25-2021, 02:05 PM   #31
rooosh798
Private
rooosh798's Avatar
United_States
29
Rep
68
Posts

Drives: 2017 340i
Join Date: May 2020
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by bavarianride View Post
It depends on insurers, e.g. some local ones do not offer comprehensive nor collision on salvage titles(liability still available).

Also in CA salvaged titles require annual safety inspection@DMV too.
I think NJ is similar in terms of having to be inspected every year. In short not worth the hassle and extra cost involved in my opinion for the OP to buy back the car if they do decide to total the vehicle.
__________________
_______________
340i Mineral Grey - M Sport package - Adaptive M Suspension
Appreciate 1
      09-25-2021, 04:25 PM   #32
ashkanvafaee2
Enlisted Member
12
Rep
42
Posts

Drives: 2016 340i
Join Date: Feb 2020
Location: Austin, TX

iTrader: (0)

Keep in mind that the car may not drive/feel the same even after repairs. For this reason, it may actually be better to have it totaled so you can buy another f30 (or even upgrade).

I know you're probably pretty attached to the car but having it totaled can actually be a good thing.
Appreciate 0
      09-25-2021, 06:35 PM   #33
rooosh798
Private
rooosh798's Avatar
United_States
29
Rep
68
Posts

Drives: 2017 340i
Join Date: May 2020
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by ashkanvafaee2 View Post
Keep in mind that the car may not drive/feel the same even after repairs. For this reason, it may actually be better to have it totaled so you can buy another f30 (or even upgrade).

I know you're probably pretty attached to the car but having it totaled can actually be a good thing.
I know this feeling and its a very weird one. My 340i just got totaled but now I am probably going to end up making money on the car after the total loss payout which will go towards something newer and better AKA a M340i
__________________
_______________
340i Mineral Grey - M Sport package - Adaptive M Suspension
Appreciate 0
      09-27-2021, 08:17 AM   #34
F30lolz
I can haz cheezburger?
F30lolz's Avatar
United_States
4944
Rep
3,039
Posts

Drives: 09 335i/11 CTS Coupe/15 428 GC
Join Date: Apr 2015
Location: Miami, FL/Shelbyville, IN

iTrader: (0)

Garage List
2011 CTS Coupe  [0.00]
2009 335i  [0.00]
2015 428 GC  [0.00]
Any updates on this OP?
__________________
Quote:
Originally Posted by RaptorKTM View Post
So there is actually more of a chance to get more hp out of a 330 then a 335 in my opinion
Quote:
Originally Posted by Wmf80 View Post
Seems like ur out of touch with baseball a bit. A few years behind.
You didn’t know who Hader was. And Kershaw is a mess in the playoffs. No thanks
Appreciate 0
      09-27-2021, 10:18 AM   #35
adilakif
Enlisted Member
adilakif's Avatar
5
Rep
30
Posts

Drives: 2013 328i xDrive
Join Date: May 2017
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by F30lolz View Post
Any updates on this OP?
No. Geico says they assigned an adjuster to my claim but I can't reach him. They say "Your estimate is scheduled.". I texted my service advisor at BMW this morning, he also didn't receive a call from Geico. But he says they should be there tomorrow latest.

In the mean time I am trying to find out what my car's real value is. These 2 cars are pretty close to mine (2013 xDrive Luxury 41kmiles):

2014 45K $21.5k:
https://www.carvana.com/vehicle/1918195

2014 GT 48K $22k:
https://www.carvana.com/vehicle/1977135
Appreciate 0
      09-27-2021, 10:56 AM   #36
F30lolz
I can haz cheezburger?
F30lolz's Avatar
United_States
4944
Rep
3,039
Posts

Drives: 09 335i/11 CTS Coupe/15 428 GC
Join Date: Apr 2015
Location: Miami, FL/Shelbyville, IN

iTrader: (0)

Garage List
2011 CTS Coupe  [0.00]
2009 335i  [0.00]
2015 428 GC  [0.00]
Quote:
Originally Posted by adilakif View Post
No. Geico says they assigned an adjuster to my claim but I can't reach him. They say "Your estimate is scheduled.". I texted my service advisor at BMW this morning, he also didn't receive a call from Geico. But he says they should be there tomorrow latest.

In the mean time I am trying to find out what my car's real value is. These 2 cars are pretty close to mine (2013 xDrive Luxury 41kmiles):

2014 45K $21.5k:
https://www.carvana.com/vehicle/1918195

2014 GT 48K $22k:
https://www.carvana.com/vehicle/1977135
Is the car at Ramsey BMW? Regardless, keep that info handy just in case it is totaled and you can have ammo and show them (Geico) that you should at least get $21k minus your $2k deductible. Maybe screen shot everything in case they get sold just to be safe. My brother in law just purchased a Sportline 2015 xDrive 328 for around $12k but it’s at Ramsey now on a 2 week wait for a throttle issue as they’re saying because of the floods, they’re backed up.
__________________
Quote:
Originally Posted by RaptorKTM View Post
So there is actually more of a chance to get more hp out of a 330 then a 335 in my opinion
Quote:
Originally Posted by Wmf80 View Post
Seems like ur out of touch with baseball a bit. A few years behind.
You didn’t know who Hader was. And Kershaw is a mess in the playoffs. No thanks
Appreciate 0
      09-27-2021, 12:41 PM   #37
heifetz17
Private First Class
heifetz17's Avatar
54
Rep
138
Posts

Drives: 2013 328xi
Join Date: Oct 2020
Location: Montana

iTrader: (0)

Insurance doesn't owe retail they owe market value. Retail and market value are two very different things. They owe what similar cars are selling for in the same market, not what a book says it should be worth. As stated salvage value plays a very large role in the repair decision. A high salvage value will total the car, and if there's only suspension damage and no body damage there's likely to be a pretty good salvage bid.

My best advice is to remove the car from the dealer and take it to a reputable independent mechanic. A steering gear, knuckles, tie rods, and control arm aren't 11k worth of damage, and insurance may not want to pay the elevated labor from a dealership anyway if it's not comparable to the market rate in your area.
__________________
Appreciate 0
      09-27-2021, 12:48 PM   #38
adilakif
Enlisted Member
adilakif's Avatar
5
Rep
30
Posts

Drives: 2013 328i xDrive
Join Date: May 2017
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by heifetz17 View Post
Insurance doesn't owe retail they owe market value. Retail and market value are two very different things. They owe what similar cars are selling for in the same market, not what a book says it should be worth. As stated salvage value plays a very large role in the repair decision. A high salvage value will total the car, and if there's only suspension damage and no body damage there's likely to be a pretty good salvage bid.

My best advice is to remove the car from the dealer and take it to a reputable independent mechanic. A steering gear, knuckles, tie rods, and control arm aren't 11k worth of damage, and insurance may not want to pay the elevated labor from a dealership anyway if it's not comparable to the market rate in your area.
Can anyone recommend an independent shop in North Jersey? I only took the car to dealerships for oil changes. I did other easy maintenance myself. I don't know any BMW mechanic.

There is zero body damage. Just the parts I mentioned.
Appreciate 0
      09-27-2021, 03:18 PM   #39
heifetz17
Private First Class
heifetz17's Avatar
54
Rep
138
Posts

Drives: 2013 328xi
Join Date: Oct 2020
Location: Montana

iTrader: (0)

I plugged this into my estimating software for my own car, which is also a '13 328i xdrive. My total for steering gear, both knuckles, both outer tie rods, and right lower control arm, plus alignment and labor comes to $5385.05. If you have "sport steering" the steering gear is another $500. I don't have tax in Montana, so add that in depending on your tax rate.

Your dealer is taking you to the cleaners.
__________________
Appreciate 0
      09-27-2021, 09:10 PM   #40
rooosh798
Private
rooosh798's Avatar
United_States
29
Rep
68
Posts

Drives: 2017 340i
Join Date: May 2020
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by adilakif View Post
Can anyone recommend an independent shop in North Jersey? I only took the car to dealerships for oil changes. I did other easy maintenance myself. I don't know any BMW mechanic.

There is zero body damage. Just the parts I mentioned.
Have heard good reviews for Motorsport GmbH in Lyndhurst, NJ. They worked on my E46 when I had that a while ago.

Can also use Bimmershops to find other reputable Indy shops in the area.
__________________
_______________
340i Mineral Grey - M Sport package - Adaptive M Suspension
Appreciate 0
      09-27-2021, 09:37 PM   #41
bavarianride
Brigadier General
724
Rep
3,140
Posts

Drives: bimmer
Join Date: Feb 2013
Location: northern california

iTrader: (0)

Quote:
Originally Posted by heifetz17 View Post
I plugged this into my estimating software for my own car, which is also a '13 328i xdrive. My total for steering gear, both knuckles, both outer tie rods, and right lower control arm, plus alignment and labor comes to $5385.05. If you have "sport steering" the steering gear is another $500. I don't have tax in Montana, so add that in depending on your tax rate.

Your dealer is taking you to the cleaners.
Yeah my rough guess in post#10 is $6k too including steering rack, and I think that is likely the first estimate from adjuster.
Appreciate 0
      09-27-2021, 09:42 PM   #42
bavarianride
Brigadier General
724
Rep
3,140
Posts

Drives: bimmer
Join Date: Feb 2013
Location: northern california

iTrader: (0)

Quote:
Originally Posted by adilakif View Post
Can anyone recommend an independent shop in North Jersey? I only took the car to dealerships for oil changes. I did other easy maintenance myself. I don't know any BMW mechanic.

There is zero body damage. Just the parts I mentioned.
Has Geico written you a check already?

Try a google search of "NJ BMW specialist", locate those close to u, then carefully read the negative reviews first, then the positive reviews.
Appreciate 0
      09-28-2021, 07:47 AM   #43
adilakif
Enlisted Member
adilakif's Avatar
5
Rep
30
Posts

Drives: 2013 328i xDrive
Join Date: May 2017
Location: New Jersey

iTrader: (0)

Quote:
Originally Posted by bavarianride View Post
Has Geico written you a check already?

Try a google search of "NJ BMW specialist", locate those close to u, then carefully read the negative reviews first, then the positive reviews.
No. I am a little concerned. This is the 3rd day I reported the incident and I still didn't hear from Geico. In claim details they say everything is complete on my part. They assigned someone to my case. If he needs my help he'll call me. He didn't call the dealership also for appointment to see the car. So I have no new information.

I contacted a local shop. They are working on an estimate today. If Geico decides to total it because BMW wants to charge too much, hopefully this local shop's price will be low enough to convince the insurance.

If I find the parts on eBay and BMW parts stores they cost less than $2500. Steering rack brand new $2k. Rest of the parts if used very cheap. I don't know how the dealership is getting too $7700 just for the parts. It's almost like dealership wants the car to be totaled. I don't get it.
Appreciate 0
      09-28-2021, 08:43 AM   #44
bavarianride
Brigadier General
724
Rep
3,140
Posts

Drives: bimmer
Join Date: Feb 2013
Location: northern california

iTrader: (0)

Quote:
Originally Posted by adilakif View Post
No. I am a little concerned. This is the 3rd day I reported the incident and I still didn't hear from Geico. In claim details they say everything is complete on my part. They assigned someone to my case. If he needs my help he'll call me. He didn't call the dealership also for appointment to see the car. So I have no new information.

I contacted a local shop. They are working on an estimate today. If Geico decides to total it because BMW wants to charge too much, hopefully this local shop's price will be low enough to convince the insurance.

If I find the parts on eBay and BMW parts stores they cost less than $2500. Steering rack brand new $2k. Rest of the parts if used very cheap. I don't know how the dealership is getting too $7700 just for the parts. It's almost like dealership wants the car to be totaled. I don't get it.
One strategy is to seek out insurance network shop that also does good work esp. on BMW's.

E.g. one CCRC(BMW's certified collision repair center) around here is actually insurance network shop too. You can enter your zip into bmwusa.com to find those CCRCs close to u.

In general SAs in network shops act directly as insurance adjusters, so their repair estimates are quickly approved. Finding a CCRC that is also part of your insurance's network would be ideal situation.

In your specific case, it is a judgement call to use an auto repair shop, or a body shop(e.g. CCRC and the like). E.g. if u are 100% sure that there is no other damage after teardown, then auto repair shop should be OK.

As far as pricing, dealer's $11k is per their high retail labor hours and marked up retail prices.

On the other hand, body shops that work with insurance have contracted labor rates that are considerably lower than dealer, and usually don't charge more than MSRP for genuine parts.

Obviously insurance is focused on reducing cost, and you would like to get best outcome, so there may be some work needed to reach the best compromise.
Appreciate 0
Post Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off



All times are GMT -5. The time now is 08:58 PM.




f30post
Powered by vBulletin® Version 3.8.11
Copyright ©2000 - 2021, vBulletin Solutions Inc.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST