Hi,
I will text you a photo later this morning (I have your number thanks).
The car has a market value of only $16,000. Trade in value of probably $12,000 if it had the engine fixed which will still cost me $2,000.
So any insurance settlement greater than $10,000 leaves me ahead versus trading it in on a new car.
Assuming a salvage value of another $2,000 the repairs will have to come in under $8,000 to be economically viable to me.
From the insurers point of view they would probably do up to about $13,000 in repairs before writing it off.
The other issue will be if it gets a statutory write off. 3 points of structural damage will do that. Then I get a market value pay out.
Cheers,
Howard