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Smart Shopper Replacement Cost by Insurance Company for Totaled Vehicle
196 messages, Last post on Nov 17, 2009 at 7:17 PM
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Replying to: luckymom (Jun 13, 2005 12:28 pm) You may have to go to arbitration since you are so far apart on value. As for comparables, you should really be looking at private party sales and so should they, as dealer asking prices are generally quite inflated as they hope to catch an uninformed buyer. If you gave details of your car (model, make, year, options, condition, miles, etc.) I might be able to come up with a ballpark number and you can compare that to what you want to see if you are being realistic.
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Replying to: Mr_Shiftright (Jun 13, 2005 1:46 pm) I think the thing that's ticking me off is they are willing to use a buy here/pay here dealer that deals in auction cars, but not a regular dealer. I understand nobody pays full retail, but really a buy here pay here dealer price is more legitimate???
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Replying to: luckymom (Jun 13, 2005 2:36 pm) |
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The insurance company just offered us $4700 for our totaled ''95 s10 blazer. They said that if we wanted to buy it back it would be about $1200. Does that sound right? I thought buy back was around 10% of the vehicles worth.
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Replying to: rellimdr (Jun 14, 2005 11:10 am) Yes, my experience is that 10%-13% is about the norm. Are you sure they aren't wrapping your deductible into this number? Also, they must offer you tax and license fees on top of that $4,700, but if you buy the car back they don't owe you tax and license fees. |
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The girl that hit the blazer was found totally at fault. So her insurance company is the one handleing everything. So as of now her ins. is paying us $4700 and they're giving us a tax waiver for up to that amount to pay for license on a replacement car. Here is a photo of the damage. http://www.frycustom.com/users/chevyscrounger/Pictures/blazerwreck/rear.JPG I hoped it could be bought for $470 so this $1200 just seemed a little over the top.
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Replying to: rellimdr (Jun 14, 2005 2:36 pm) |
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For parts, I would have no intention of fixing it.
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Replying to: rellimdr (Jun 14, 2005 3:44 pm) Try to work a deal with them where they can give you cash + the car. Right now they are essentially (it sounds like) offering you $3,500 + the car ($2,500 = $1,200) + tax and license. Sounds like you'd settle for something like $4,700 minus say $500 bucks to get the car back...so you want $4,200 plus the car in other words--something like that? So really you might only be $500-$700 apart here---well within the realm of negotiating. Give them your counter-offer and tell them here's a chance to clear their books on it. |
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Last week i was sitting at a red light and was rear ended by a drunkdriver at 50mph. (actually he hit the car behind me). Neither the drunk driver nor the driver behind me had car insurance. Today i was called by the claims guy saying that the car was to be totaled. It was a 2001 VW Passat GLS with 49K miles and i live in phoenix AZ. My prognosis doesn't look good... what kind of market value could i expect? ~Ben
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Smart Shopper Replacement Cost by Insurance Company for Totaled Vehicle
