Frame replacement: Total or repair?

[ASU_Greg]

Give Billy a call, this guy will most lik get you more money!

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[aceinfinity]

I previously posted about how I got into a wreck where the other driver hit me nearly square onto the passenger side wheel, pushing out the axle toward the driver’s side. This is my update on the situation. Took it to an FCA-certified collision center and after their inspection it turns out the frame is damaged and will require frame and front axle replacement. Apparently this is not necessarily a total loss yet, so it is still up to me whether to take the settlement or repair.

The insurance settlement is $54k if we were to total the vehicle. The current cost of repair is $24k, or ~45% of the insurance settlement. The truck cost $61k, of which I have $35k left to pay through my credit union.

I’m leaning toward repairing the vehicle as it seems this be a lower net loss for me financially. I love my Mojave and all the opportunities for recreation and wheeling it has opened up for me; and I don’t think I’m set on trying to resell the truck later on. Interest rates have gone up slightly since I initially financed, so I’d be losing money if I decided to total and purchase another JT (I found a roughly equally equipped new Mojave on a Tennessee dealership lot for an “internet price” of $51k, but the out the door price would probably be more + the $3-4k GA vehicle registration tax).

Anyone here been in a similar situation and what did you pursue and why?
I’m trying to collect more information about my situation before making my decision. Am I making a mistake here trying to repair? Insurance says the repair cost will likely go up over time, and I’m worried about it inching toward being deemed total loss. The decision is ultimately mine but I do want to hear some of your perspectives.

I worked in the auto body industry for years. DO NOT! Repair. You may not even be able to insure it after this. Take your 54 and start over. I know it sucks but I’m just looking out for you

 

[ShadowsPapa]

Insurance says the repair cost will likely go up over time, and I’m worried about it inching toward being deemed total loss.

They will, guarantee it.
Then you risk having gremlins - both physical and electrical. So much is attached to that frame.
there's probably stuff they missed (possible cracked transmission, engine or transfer case housing, bent parts not seen until they attempt to align it, and there's diminished value.
Me - I'd never buy such a vehicle.
At this point it's your call - but have you looked at your state laws for what constitutes "totaled" vehicle?

 

[Hootbro]

At this point it's your call - but have you looked at your state laws for what constitutes "totaled" vehicle?

Looks like Georgie uses a "Total Loss Formula".

Repair costs + salvage value > actual cash value

https://www.carinsurance.com/Articles/total-loss-thresholds.aspx

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