125,000 km is low for the year of car for sure. I've seen a few with well under 100,000 km and the asking prices were over $10,000. It seems like way too much to me but it's pretty rare to find something mint with extremely low mileage I guess. The coupes seem to go for more than the hatchbacks too though.

 

I went on Auto Trader and printed off some of the asking prices that are closer to the 10,000 mark. I just hope that if they decide to write it off that they will give me an amount close to the appraisal, even though its 10 years old. Guess I will find out sometime tomorrow. I also have to be prepared to pay roughly 8,000 on a new frame, as I still owe 9000 on the car. And there is a chance that the frame could be too damaged to fix, is that correct?

 

You can't really replace the frame as it's part of the body of the car. It can be repaired though and probably will be an expensive repair. As I mentioned before it would be better for you if they don't write it off. Once it's a write off the title is branded and the vehicle needs to pass a salvage inspection to be put back on the road. Depending on how strict the Ontario inspection is a repaired frame may not pass.

 

Here in Ontario, if you have been in an accident and the police and insurance company have been notified it will be recorded with the amount of damage to the car. This will show up in public records for other insurance companies, CarFax , Car Proof etc. Now if the $9000.00 you owe is a secured loan and the insurance company write it off, the insurance company will cut a cheque for the amount of the claim minus the deductible and it will be made out to you and the securer. You can still keep your car, but probably will have to buy it back. Also you will have to fight to keep it from being branded. This is not written in stone, but close enough to what will likely happen. This is only based on if the car is a write off.

Just my 2 cents.