Total loss -Ontario
As above, my vehicle has been deemed a total loss in Ontario. A deer ran into the front of my car, the insurance company has made a settlement offer, I refused the first and they amended and made a second offer. I have two options, take the payout of 33,000 (ACV + TAX), or take the ACV (29000) - SALVAGE value (7500) which is about 21,500. I owe 28k on the loan, which I would of course pay the remaining balance. There are currently no comparable vehicles to use to value the vehicle myself.
I am still driving the car, I was advised to take it to their appraiser, and I was advised if the appraiser deems the car still drivable I can drive the car and I have a year to finalize the claim, although they seem to be in a rush for me to do so.
The damage is minimal although it was quoted at 22k, the body shop included parts like AC condenser etc that had absolutely no damage to them, and blending of paint etc (front bumper, grille hood, rad support are all cracked/dented), I can repair it myself very easily for around 2500$, and for the time being aesthetics are not important - I'm not worried about the small dents and scratches on the passenger side door etc from the deer punching my car on the way around
My question is related to the owner retain vehicle option - if the total loss is only on the consideration of economical reasons, can I retain the car without it being branded "salvage"?