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Tool Talk Discussion Board

Re: OT:Towing company. rant -Long!


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Posted by ericlb on April 17, 2014 at 07:07:29 from (67.142.161.23):

In Reply to: OT:Towing company. rant -Long! posted by redtom on April 16, 2014 at 12:30:11:

i was in the tow business back in the late 70's and up to the mid 80's ,stopped due to a injury, the reason they wont let you have your stuff and plates is they dont want to get stuck with the car, having something in it you want is their only way to recover the expense of the tow, its not the sweeping the street, that costs, its the cost of the 150000 + dollar truck, its operater, the millions of dollars worth of insurance they have to have, the business assetts, ie buildings lots licences, ect and other factors, the tow company must charge for everything it does, the insurance companies are responsible for this happening, too many times a adjuster will send in his estimats and pictures to the insurance company, the company decides the car isnt worth the cost of picking it up , not enough salvage left to intrest buyers, and just leaves it at the tow lot, now the space that car is sitting in is worth money, outside its about 10 to 20 bucks a day, every day your car sits in that space is money out of the tow companies pocket as they cant park another vehicle in that space and make money, there is a long and expensive court procedure to go thru to obtain the salvage title and the right to sell that car , if anybody will buy it, if its a total loss with no salvagable pieces on it buyers wont touch it, it will go to the crusher, now unless your insurance company has already made out the check in which case its their car, its still right now your car, me id make a deal with the tow company for the car,buy the car from the insurance company for its salvage value, you have the right to do that, salvage value is usually 10% of trade in, then trade the car for the bill to the tow company,or whatever if its that wrecked, and if the stuff in it is worth it, that way you get your stuff, they get a title and a chance to get rid of it without going to court over it, you have your check for the car less its salvage value, just a take from the other side


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