I've been evaluating whether to maintain collision on my 05 RL with 120000 miles. It's KBB value for private seller is $7900. To make matters worse it has a salvage title. Yes, I know all the negatives about buying a salvage title and a biggie is the insurance company will only value the car at about 50% of retail value. But this car has been awesome and I stole it with no problems other than recommended maintenance since I bought it with 40k miles five years ago. I love the car but am realizing there may be no need to maintain collision seeing the insurance co. will only prolly reimburse up to maybe $3900. I'm paying $1000 a year for collision. Hard to believe this incredible $54000 car when new is now not worth insuring. It is ten years old but you would never know it. It doesn't make sense. God I love this car but see no point in believing the insurance company feels the same. I not gonna sell it and will drive it into the ground cause it's a great car. I started this thread thinking I'd get advice about insurance but I think I answered my own question. I am a proud owner.
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