STI Value

///M Power · 02-26-2008, 02:28 AM

I am trying to gather some info and I wanted to ask my fellow STI enthusiasts!
I am trying to find out how much do you guys thinks that my car is worth if you were looking at buying an STI? My car is an 06 WRB with 29k on the clock. Everything is in great condition except for the $22,600 in repairs after my accident. The car was repaired and no damage is visable. I am currently trying to get Allstate to send out a 3rd party estimator but its been a few weeks now and I have not heard anything back from them after repeated phone calls. The title is a clean title as well.

I have included some pics for those who are not familiar with what's going on

After the repairs:

VtecSTI · 02-26-2008, 02:49 AM

I would ask $26k AT least. That car looks in immaculate condition. Do NOT trade it unless it's for an 08. Thats the only dealership that will possibly give you a good deal. I traded mine and got $19k..06 wrb with 35k miles and $15k in mods

. That may have hendered my trade in value, but it sure was fun while it lasted. Good luck man

ScubaSmith7599 · 02-26-2008, 02:59 AM

Well, I remember when I bought my STi in May of 07. It was an 05 with 28k miles, immaculate condition, never in any accidents, and the going asking rate was $26k and I got it for $23k. So, I would assume it'd be the same for your car at this current time, except with a significant reduction in value from the accident.

///M Power · 02-26-2008, 03:46 AM

^^ Thats what I am trying to figure out. I am not selling my car I just want to get a ballpark figure so I can present it to the insurance company for the diminished value claim. I believe that my car is worth in the low teens simply because of the damage that was done and what it took to rebuild the car to its current state.

M3-to-STI · 02-26-2008, 03:52 AM

22K in repairs??? WTF did you do to it?

///M Power · 02-26-2008, 03:56 AM

A guy ran a redlight and broadsided my vehicle on my drivers side B-Pillar. The truck was estimated as traveling around 50-55mph. The B-Pillar absorbed the majority of the shock and buckled my roof and unibody

I have posted pictures in other threads but here is one where it shows the condition of the B-Pillar

Here is a shot of the car in the process of repair. The Black panels are the replacement parts which came directly from Subaru. Allstate wanted to find aftermarket panels for the car and I told them that every panel thats replaced will come direct from Subaru and there will be none of that aftermarket or old panels get put back on my car. As far as replacement panels, the Roof, front end and hood, drivers two doors and rear, except for the trunk and passenger two doors, were replaced. Parts and Labor for this whole ordeal cost $22,600

**boondocksaint** · 02-26-2008, 04:48 AM

With that accident, if you could find someone willing to buy it, you'd be lucky to get $15k for it. No offense meant by this, but I wouldn't buy it, period.

On the bright side, the shop that repaired it is apparently quite good.

Going rate for an 06 with <30k miles is probably right at $24k realistically. I would try to get the insurance mob to write you a $10k check and call it even. They should have totaled it.

josefmd · 02-26-2008, 04:53 AM

Wow! Why didn't they just claim that it was totaled for the $22k it took to fix it. It does look very nice in the pics. Are you happy with the quaility of work done by the body shop. I have had a couple horror stories of body shops that couldn't match the paint if there life depended on it.

///M Power · 02-26-2008, 05:12 AM

I am very happy with the quality of the repair. It was done by Allen's body shop in Sorrento, LA. The owner of the shop is my wifes cousin and he only deals with upper end cars. I was lucky that he decided to repair the car for me and if it had been anyone else, he would have refused to do it. He even told me that this car should have been a total and he even told the insurance company as well on several occasions. I notice small imperfections but realistically its to be expected.

No offense taken boon because I would not buy this car as well. I figure that I am stuck with it unless I let it go for a rediculous price in which I would lose my arse on. I have just come to the realization that instead of selling it and taking a huge hit, I am going to just pay it off with the insurance settlement, if and when that happens, daily drive it for a few more years and then permanently retire it to track use only and just have fun with the thing

ScubaSmith7599 · 02-26-2008, 07:14 AM

Wow, after hearing what happened to it, I agree with an above poster. Being that it's a performance oriented car, and it's chassis integrity is violated, I don't know how to put a value on it other than scrap. I can't even think of why a repair shop would repair that for you instead of trying to total it out. Woulda been way better for you.

When my STi went in for repairs, it was over $17k. It took the hit directly in the front, however, so it didn't affect the unibody. They were amazed how well the car stood up and that the chassis wasn't damaged. It was like a picture perfect performance of the sub-frames crumple zones. They were trying to find an imperfection in the unibody for my sake, because after talking to me they knew I wanted a drivers car, and being enthusiasts themselves they wanted to actually help me out.

Man, I wish you luck in trying to figure out how much it's worth. Me, as a person, I'm going to say it's worth as much as you can part it out for. Again, I really can't understand why the bodyshop didn't work with you to total it out. Why did he agree to do it for you? I would've told you for your own good not to get it done.

mm, project. Buy a GC RS and drop the drivetrain inside it...........

///M Power · 02-26-2008, 07:31 AM

the owner of the bodyshop went to bat for me on several occasions about totaling the car but the insurance company, Allstate, refused after the professional opinion of the bodyshop owner and several letters from my attorney.

This week my attorney has filed a motion for trial and the damages sought are the complete payoff value, attorneys fees because we believe that Allstate completely mishandled the claim and the valuation of the vehicles damage, and my medical bills which total 6k. I dont believe that I am asking for too much, but I think thats what I atleast deserve. All I want is for things to be made right in this situation. I believe that the car should have been a total loss based on the damage sustained and that no matter what, i will more than likely not be able to get rid of the car without taking a major loss which I dont believe that I should have to bear because I was not at fault in the accident. You are completely correct in that its a performance vehicle and the integrity of the unibody structure has been altered. I was also told by the owner of the body shop that if I were in an accident again involving the same side of the vehicle, that the vehicle parts replaced would have a higher chance of failure and that I would more likely suffer a worse injury.

**boondocksaint** · 02-26-2008, 07:35 AM

Quote:

Originally Posted by ///M Power

the owner of the bodyshop went to bat for me on several occasions about totaling the car but the insurance company, Allstate, refused after the professional opinion of the bodyshop owner and several letters from my attorney.

This week my attorney has filed a motion for trial and the damages sought are the complete payoff value, attorneys fees because we believe that Allstate completely mishandled the claim and the valuation of the vehicles damage, and my medical bills which total 6k. I dont believe that I am asking for too much, but I think thats what I atleast deserve. All I want is for things to be made right in this situation. I believe that the car should have been a total loss based on the damage sustained and that no matter what, i will more than likely not be able to get rid of the car without taking a major loss which I dont believe that I should have to bear because I was not at fault in the accident. You are completely correct in that its a performance vehicle and the integrity of the unibody structure has been altered. I was also told by the owner of the body shop that if I were in an accident again involving the same side of the vehicle, that the vehicle parts replaced would have a higher chance of failure and that I would more likely suffer a worse injury.

If the guy who fixed it is willing to stand by what he's said and done, you may have a slam dunk.

ScubaSmith7599 · 02-26-2008, 07:37 AM

MPower, that sucks. Plain and simple. Don't know what else to say, bro.
I thought allstate rewarded good drivers? Lol

Honestly, if you have the means to swap the mechanicals into a GC chassis RS, I would much rather do that than daily drive it.

Now, what happens if they decide to total it after the fact? If the insurance company wins, then you have this thing to do as you please........but what happens to the car if you win? The insurance company buys it off you? Or are you basically suing the insurance company, so you keep the car and get the money you should've been payed for it being totaled?

///M Power · 02-26-2008, 07:42 AM

I would be open to either scenario if its paid off and they let me keep it or its paid off and they take it, which I really dont mind. If they total it and pay the value of the car which would have to be at the time of the accident, then I would take the difference between payoff and value and buy an 08. I just dont believe that I should have to continue on paying for a car that isnt really worth anything since the accident was not my fault not to mention the risk of structure failure if I get in a similiar style accident. I have the safety of myself and my family in mind, the last thing I need is to have one of my children in the back seat killed because of a structure failure due to the repaired parts. My daughter was in the vehicle with me when it was struck and she was sitting behind my seat.....Here is a picture of the impact that the car took. Both my daughter and I are lucky to be alive because of the great safety and quality of Subaru!

If it were my fault on the otherhand I would not be complaining and just live with the consequences.

Tortfeasor STi · 02-26-2008, 08:14 AM

The problem with trying to get more money out of your insurance company is that your relationship between you and the insurance company is both determined by your contract, statute and internal insurance regulation. Usually, when you have a diminished value claim, its against the person who damaged your vehicle for the loss in value not reimbursed by your insurance. But if your lawyer is willing to fight this one out for you, I am guessing the confluence of factors is in your favor. Having an expert witness in your friend the body man is also very helpful. Most likely the insurance is just trying to stone wall you as a means to encourage you and your lawyer to go away without costing them any money.

So, keep up the good fight man, I am all for fighting for what you are owed against Insurance companies. They are, after all, insured from loss bye secondary re-insurance.

02-26-2008, 02:28 AM	#1
///M Power Ultra Noob Mod Car: 06 WRB STI Fav Mod: 22k complete reconstruction Location: Cary, NC Posts: 1,585 Join Date: Mar 2006 Trader Rating: (1)	STI Value I am trying to gather some info and I wanted to ask my fellow STI enthusiasts! I am trying to find out how much do you guys thinks that my car is worth if you were looking at buying an STI? My car is an 06 WRB with 29k on the clock. Everything is in great condition except for the $22,600 in repairs after my accident. The car was repaired and no damage is visable. I am currently trying to get Allstate to send out a 3rd party estimator but its been a few weeks now and I have not heard anything back from them after repeated phone calls. The title is a clean title as well. I have included some pics for those who are not familiar with what's going on After the repairs: This ad is not endorsed by this member. Please register or login to hide this ad. Last edited by ///M Power : 02-26-2008 at 02:40 AM.

02-26-2008, 02:49 AM	#2
VtecSTI Spec C Club Car: Blue Slate 08 G37S Fav Mod: None Location: Brevard, NC Posts: 1,323 Join Date: Nov 2005 Trader Rating: (1)	Re: STI Value I would ask $26k AT least. That car looks in immaculate condition. Do NOT trade it unless it's for an 08. Thats the only dealership that will possibly give you a good deal. I traded mine and got $19k..06 wrb with 35k miles and $15k in mods. That may have hendered my trade in value, but it sure was fun while it lasted. Good luck man

02-26-2008, 02:59 AM	#3
ScubaSmith7599 Grassroots STI Racer Car: Silver 05 STi Fav Mod: driving school Location: MCB Quantico, Virginia Posts: 581 Join Date: Jul 2007 Trader Rating: (0)	Re: STI Value Well, I remember when I bought my STi in May of 07. It was an 05 with 28k miles, immaculate condition, never in any accidents, and the going asking rate was $26k and I got it for $23k. So, I would assume it'd be the same for your car at this current time, except with a significant reduction in value from the accident.

02-26-2008, 03:46 AM	#4
///M Power Ultra Noob Mod Car: 06 WRB STI Fav Mod: 22k complete reconstruction Location: Cary, NC Posts: 1,585 Join Date: Mar 2006 Trader Rating: (1)	Re: STI Value ^^ Thats what I am trying to figure out. I am not selling my car I just want to get a ballpark figure so I can present it to the insurance company for the diminished value claim. I believe that my car is worth in the low teens simply because of the damage that was done and what it took to rebuild the car to its current state.

02-26-2008, 03:52 AM	#5
M3-to-STI The Next Petter Solberg Car: PSM 05 STi Fav Mod: Z06 Mod Location: Richmond, VA Posts: 970 Join Date: Jan 2005 Trader Rating: (0)	Re: STI Value 22K in repairs??? WTF did you do to it?

02-26-2008, 03:56 AM	#6
///M Power Ultra Noob Mod Car: 06 WRB STI Fav Mod: 22k complete reconstruction Location: Cary, NC Posts: 1,585 Join Date: Mar 2006 Trader Rating: (1)	Re: STI Value A guy ran a redlight and broadsided my vehicle on my drivers side B-Pillar. The truck was estimated as traveling around 50-55mph. The B-Pillar absorbed the majority of the shock and buckled my roof and unibody I have posted pictures in other threads but here is one where it shows the condition of the B-Pillar Here is a shot of the car in the process of repair. The Black panels are the replacement parts which came directly from Subaru. Allstate wanted to find aftermarket panels for the car and I told them that every panel thats replaced will come direct from Subaru and there will be none of that aftermarket or old panels get put back on my car. As far as replacement panels, the Roof, front end and hood, drivers two doors and rear, except for the trunk and passenger two doors, were replaced. Parts and Labor for this whole ordeal cost $22,600 Last edited by ///M Power : 02-26-2008 at 04:04 AM.

02-26-2008, 04:48 AM	#7
boondocksaint Reasonable Car: Boony's Motown STi Fav Mod: correct grammar Location: D3TR01T Posts: 22,631 Join Date: Jun 2006 Trader Rating: (5)	Re: STI Value With that accident, if you could find someone willing to buy it, you'd be lucky to get $15k for it. No offense meant by this, but I wouldn't buy it, period. On the bright side, the shop that repaired it is apparently quite good. Going rate for an 06 with <30k miles is probably right at $24k realistically. I would try to get the insurance mob to write you a $10k check and call it even. They should have totaled it.

02-26-2008, 04:53 AM	#8
josefmd Junior STI Driver Car: SWP 07 WRX STi Fav Mod: Cobb AP Stage 1 V1.04 93 oct Location: Cinci, OH Posts: 123 Join Date: Jun 2007 Trader Rating: (0)	Re: STI Value Wow! Why didn't they just claim that it was totaled for the $22k it took to fix it. It does look very nice in the pics. Are you happy with the quaility of work done by the body shop. I have had a couple horror stories of body shops that couldn't match the paint if there life depended on it.

02-26-2008, 05:12 AM	#9
///M Power Ultra Noob Mod Car: 06 WRB STI Fav Mod: 22k complete reconstruction Location: Cary, NC Posts: 1,585 Join Date: Mar 2006 Trader Rating: (1)	Re: STI Value I am very happy with the quality of the repair. It was done by Allen's body shop in Sorrento, LA. The owner of the shop is my wifes cousin and he only deals with upper end cars. I was lucky that he decided to repair the car for me and if it had been anyone else, he would have refused to do it. He even told me that this car should have been a total and he even told the insurance company as well on several occasions. I notice small imperfections but realistically its to be expected. No offense taken boon because I would not buy this car as well. I figure that I am stuck with it unless I let it go for a rediculous price in which I would lose my arse on. I have just come to the realization that instead of selling it and taking a huge hit, I am going to just pay it off with the insurance settlement, if and when that happens, daily drive it for a few more years and then permanently retire it to track use only and just have fun with the thing

02-26-2008, 07:14 AM	#10
ScubaSmith7599 Grassroots STI Racer Car: Silver 05 STi Fav Mod: driving school Location: MCB Quantico, Virginia Posts: 581 Join Date: Jul 2007 Trader Rating: (0)	Re: STI Value Wow, after hearing what happened to it, I agree with an above poster. Being that it's a performance oriented car, and it's chassis integrity is violated, I don't know how to put a value on it other than scrap. I can't even think of why a repair shop would repair that for you instead of trying to total it out. Woulda been way better for you. When my STi went in for repairs, it was over $17k. It took the hit directly in the front, however, so it didn't affect the unibody. They were amazed how well the car stood up and that the chassis wasn't damaged. It was like a picture perfect performance of the sub-frames crumple zones. They were trying to find an imperfection in the unibody for my sake, because after talking to me they knew I wanted a drivers car, and being enthusiasts themselves they wanted to actually help me out. Man, I wish you luck in trying to figure out how much it's worth. Me, as a person, I'm going to say it's worth as much as you can part it out for. Again, I really can't understand why the bodyshop didn't work with you to total it out. Why did he agree to do it for you? I would've told you for your own good not to get it done. mm, project. Buy a GC RS and drop the drivetrain inside it........... Last edited by ScubaSmith7599 : 02-26-2008 at 07:17 AM.

02-26-2008, 07:31 AM	#11
///M Power Ultra Noob Mod Car: 06 WRB STI Fav Mod: 22k complete reconstruction Location: Cary, NC Posts: 1,585 Join Date: Mar 2006 Trader Rating: (1)	Re: STI Value the owner of the bodyshop went to bat for me on several occasions about totaling the car but the insurance company, Allstate, refused after the professional opinion of the bodyshop owner and several letters from my attorney. This week my attorney has filed a motion for trial and the damages sought are the complete payoff value, attorneys fees because we believe that Allstate completely mishandled the claim and the valuation of the vehicles damage, and my medical bills which total 6k. I dont believe that I am asking for too much, but I think thats what I atleast deserve. All I want is for things to be made right in this situation. I believe that the car should have been a total loss based on the damage sustained and that no matter what, i will more than likely not be able to get rid of the car without taking a major loss which I dont believe that I should have to bear because I was not at fault in the accident. You are completely correct in that its a performance vehicle and the integrity of the unibody structure has been altered. I was also told by the owner of the body shop that if I were in an accident again involving the same side of the vehicle, that the vehicle parts replaced would have a higher chance of failure and that I would more likely suffer a worse injury.

02-26-2008, 07:37 AM	#13
ScubaSmith7599 Grassroots STI Racer Car: Silver 05 STi Fav Mod: driving school Location: MCB Quantico, Virginia Posts: 581 Join Date: Jul 2007 Trader Rating: (0)	Re: STI Value MPower, that sucks. Plain and simple. Don't know what else to say, bro. I thought allstate rewarded good drivers? Lol Honestly, if you have the means to swap the mechanicals into a GC chassis RS, I would much rather do that than daily drive it. Now, what happens if they decide to total it after the fact? If the insurance company wins, then you have this thing to do as you please........but what happens to the car if you win? The insurance company buys it off you? Or are you basically suing the insurance company, so you keep the car and get the money you should've been payed for it being totaled?

02-26-2008, 07:42 AM	#14
///M Power Ultra Noob Mod Car: 06 WRB STI Fav Mod: 22k complete reconstruction Location: Cary, NC Posts: 1,585 Join Date: Mar 2006 Trader Rating: (1)	Re: STI Value I would be open to either scenario if its paid off and they let me keep it or its paid off and they take it, which I really dont mind. If they total it and pay the value of the car which would have to be at the time of the accident, then I would take the difference between payoff and value and buy an 08. I just dont believe that I should have to continue on paying for a car that isnt really worth anything since the accident was not my fault not to mention the risk of structure failure if I get in a similiar style accident. I have the safety of myself and my family in mind, the last thing I need is to have one of my children in the back seat killed because of a structure failure due to the repaired parts. My daughter was in the vehicle with me when it was struck and she was sitting behind my seat.....Here is a picture of the impact that the car took. Both my daughter and I are lucky to be alive because of the great safety and quality of Subaru! If it were my fault on the otherhand I would not be complaining and just live with the consequences. Last edited by ///M Power : 02-26-2008 at 07:49 AM.

02-26-2008, 08:14 AM	#15
Tortfeasor STi S204 Racer Car: '08 335xi Coupe Fav Mod: Dinan Reflash Location: Princeton, NJ Posts: 3,496 Join Date: Aug 2005 Trader Rating: (0)	Re: STI Value The problem with trying to get more money out of your insurance company is that your relationship between you and the insurance company is both determined by your contract, statute and internal insurance regulation. Usually, when you have a diminished value claim, its against the person who damaged your vehicle for the loss in value not reimbursed by your insurance. But if your lawyer is willing to fight this one out for you, I am guessing the confluence of factors is in your favor. Having an expert witness in your friend the body man is also very helpful. Most likely the insurance is just trying to stone wall you as a means to encourage you and your lawyer to go away without costing them any money. So, keep up the good fight man, I am all for fighting for what you are owed against Insurance companies. They are, after all, insured from loss bye secondary re-insurance. This ad is not endorsed by this member. Please register or login to hide this ad.