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Salvage value ?
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wheat farmer
Posted 11/20/2008 12:15 (#511722 - in reply to #511668)
Subject: RE: Salvage value ?



Think about it this way Bob, you got $12k for it.  Spend $5k to fix it leaves $7k.  It should be worth at least $7k to some one else once it is running, and quite probably $12k.  So after fixing and selling you will have $14k-$19k out of it.  Not bad for a 7720.  That is assuming the insurance company let you keep it after paying you $12k.  Usually, you take their check, they take your junk.  In that case, take the $12k and wave goodbye to the 7720.
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