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Im going to look at the m3 tomorrow evening. The owner told me the accident happened in late 2003. So when the car was only a year old it makes sense. I work with ICBC estimations and salvage parts so i know exactly how the process works and roughly guess how much the parts costed with ICBC's overpriced parts purchases.
For example, we had a 2012 last gen of e92 M3 from ICBC claim, purchase parts from us. Damage didn't seem bad but it needed a front bumper, PDC Sensors, rad support, rad, headlights, fender, hood, and it all added up to roughly 27g.
Also, a 2006 s2000 ICBC claim that needed a hood headlight bumper and misc parts from us.. I can get these parts easily used for 700dollars a pair for the headlights, hood for 200bucks and fenders for 150bucks ea/ on s2ki. Yet, we charged ICBC about 1500 for pair of headlights, 695 for hood, and 350 for bumper assembly. ICBC will pay anything as long its lower than what the parts cost out from a dealer and if its in mint 10/10 shape... basically any car that is rare, auto wreckers double the price or even triple the price on the parts because its hard to get
These high prices are what shows on the records. So honestly, im not too worried as long as the car has no structural damage. I will obviously get it inspected though at a bodyshop and a mechanical shop
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