Does a remanufactured engine increase value of car?

by apollo562 » Thu Feb 05, 2009 07:13 am

I was recently involved in a auto accident with the other party at fault. My odometer reads 114k miles, but I had a remanufactured engine installed last year (2008). My question is does my remanufactured engine increase the value of what my car is worth? Meaning a bigger check from the insurance company.

Total Comments: 16

Posted: Fri Feb 06, 2009 06:30 pm Post Subject:

OH MY GOSH! Mike are you setting down? if not get to it brother...this is actually something we are in complete agreement over! :D

Posted: Fri Feb 06, 2009 06:47 pm Post Subject:

I'm a little bit country, she's a little bit rock n roll! There is probably more that we could agree on, but adversarily we're just on opposite sides of the fence with respect to how we put beans on the table and the rules with which each entity has to abide and exist. We both are passionate about our beliefs which naturally conflict. I have always believed you are sincere in your beliefs like I am my own.

PS, you may be glad to know that the old forum that you detested because of the unpleasantries and porn references has been purchased and upgraded to a more professional look with spam protection. But you may find the opinions and posters still opposed to an insurance employees' perspectives.

There is a good thread over there about perpectives of how drps initially began and what they have transpired into and what is in store for the near future. There seems to be huge battles on the horizon between many collision organizations and philosphies. Many insurers are tightening their belts and clenching their fists telling some of their long time partners that it is the end of the road for many.

Posted: Fri Feb 06, 2009 09:33 pm Post Subject:

There is probably more that we could agree on,

Honestly we agree on most things, just the little things that hang us up... :wink:

PS, you may be glad to know that the old forum that you detested because of the unpleasantries and porn references has been purchased and upgraded to a more professional look with spam protection.

Detest is too strong, I don't/didn't detest it, but I'm so very happy they have cleaned it up...especially for those of you that post there...it kind of took some of you alls credibility away (you know what i mean i'm sure)...

Many insurers are tightening their belts and clenching their fists telling some of their long time partners that it is the end of the road for many.

I don't doubt it and have seen shops cut for reasons (economic or new programs) that I didn't agree with AT ALL...and voice that to the shops and boss, but was no more his decision than mine...you know all these big companys have someone in a suit and tie, telling all of us on the ground the best way to do things... :roll:

My only concern with posting on that site Mike is it appears ANY differing view no matter how nicely it is presented brings on an attack, and not a very nice one at that! I've read a lot of name calling when it wasn't warranted...has any of that cleaned up at all? I really wouldn't mind posting there just to try and explain the 'other side' (not that i agree with it a lot of the time)...of the fence...just so there is 'some' understanding...That's all I would want to acheive, understanding, not necessarily agreement. Oh and mutual respect I almost forgot about that one! :wink:

Posted: Sat Feb 07, 2009 12:23 am Post Subject:

I am sure if you set the parameter with which you would agree to discuss any issues, the ones that have resigned on are some of the leaders of their various associations in the states they conduct business. They are some of the sharpest minds in the industry with regard to independent shops and why they feel complete independence of the collision industry is necessary and required and why they feel the DRP model is wrong and could be in violation of many states unfair labor practices.

It's going to be a very interesting year to say the least. A HUGE change is coming for those that did not prepare themselves for the lean economic times and put all their eggs in DRP baskets instead of marketing theirselves to the consumer. Another large Tulsa shop with four locations closed and the bankruptcy paperwork is open to the public listing the creditors that are owed. OUCH! :shock: Just one year ago, they were touted as a DRP favorite among many Tulsa Insurers and boasting continued growth. Amazing how fast those agreements can turn on a shop that requires to give so much up in concessions.

Posted: Sat Feb 07, 2009 11:31 am Post Subject:

It's going to be a very interesting year to say the least. A HUGE change is coming for those that did not prepare themselves for the lean economic times

That's the truth! and you know as well as I do that when the economy tanked people quick fixing cars...even if shop DRP's hold up, and nothing changes at all (i've seen this over and over), those who aren 't or didn't prepare are going to be sunk...I've never seen it the way it was a few months back in all my (over) 20 years...nor had I ever seen so many shops (drp and not) begging for work, and laying guys off, just empty shops..and techs EVERYWHERE it seemed asking about work...things have picked back up now, but still not the way it was prior to the tanking....Most of the larger shops and shops that were smart enough to be diversified stayed strong...but the ones unwilling or thought they were too good (before) to do anything 'but' a 'certain' type of work man on man was it ever slim pickin's for them...sad, really really was sad...i felt so bad for slow shops i was over writing estimates some...(i know hurts my image does it)....again I agree, gonna be interesting the next couple of years.

They are some of the sharpest minds in the industry

I agree with that too....I'll look around and see if I see any difference...I have read some things on that board that were incorrect (insurance wise) information given to OP's that worried me...i know i could be some help there i just don't have the time or energy to be on the defensive constantly... :wink: once in awhile is fine.. :wink:

Posted: Sat Mar 31, 2012 04:52 am Post Subject: remanufactured engine

I would hope it increases the value. I just had a remanufactured engine put in by a dealer that was paid for by my extended service plan. The entire long block has a 3 year 100,000 mile warranty. If its transferable, it def will increase the value.

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