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A guy in a Mazda Tribute backed into my 765 a while back. I shopped around and got estimates from $800 to $2400+ to fix the damage.
The blue book value on the car is probably closer to $3,000. AAA of LoCal never sent an adjuster out to look at the car, so the agent went purely by the pictures I took (which were designed to make the car look as nice as possible. I got a check for about $1,100. I dropped $125 on a fender that's a perfect match, the rest on Bilsteins, tools, e-codes, and a new dash.
It looks like prices on 240s have just tanked recently. Dig up as many ads as you can showing early 80s 240s with an asking price of more than $1500.
Get a body shop to give you an estimate on the accident repair. If you can verify it's just the fender then try and get $700-800 outta the insurance company. For that much you can fix up a lot. If you're not worried about the paint matching, you could get a fender from a PnP for less than $50. Headlamp bits too. Save the rest. Spend it on e-codes. Or something.
Either way, unless you want to be rid of the car, avoid getting a salvage title.
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alex
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