what is our car worth?
09-02-2005, 11:02 AM
#1
Intermediate
Thread Starter
Join Date: Dec 2004
Location: Tulsa, Oklahoma
Age: 43
Posts: 27
Likes: 0
Received 0 Likes
on
0 Posts
what is our car worth?
Hey everybody, i've got a quick ? lets say i've wrecked my 01cls it has 58,000
miles on it...and its totaled out....how much would the insurance company give
me? would they give me how much our car is worth in the kelly blue book??
anybody know how this works??
miles on it...and its totaled out....how much would the insurance company give
me? would they give me how much our car is worth in the kelly blue book??
anybody know how this works??
09-02-2005, 11:40 AM
#2
Racer
Join Date: Jul 2005
Location: Michigan
Age: 39
Posts: 297
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by cleancls
Hey everybody, i've got a quick ? lets say i've wrecked my 01cls it has 58,000
miles on it...and its totaled out....how much would the insurance company give
me? would they give me how much our car is worth in the kelly blue book??
anybody know how this works??
miles on it...and its totaled out....how much would the insurance company give
me? would they give me how much our car is worth in the kelly blue book??
anybody know how this works??
09-02-2005, 12:33 PM
#3
I'm here in spirit...
Join Date: Mar 2005
Location: CO
Age: 47
Posts: 7,607
Likes: 0
Received 0 Likes
on
0 Posts
09-02-2005, 01:48 PM
#5
Advanced
Join Date: Apr 2005
Age: 42
Posts: 59
Likes: 0
Received 0 Likes
on
0 Posts
I work for an insurance company and we do not use NADA guides but the NADA gives a close guess. We use a 3rd party company to run a market surveys on comprable vehicles. I wound not expect to get retail for your vehicle but if you are unhappy with the settlement amount only accept that as an undisputed amount and then get things like auto trader quotes for other CL's with similar miles etc that are closer to a value you were expecting. I hope this helps
09-02-2005, 03:55 PM
#6
Racer
Join Date: Jul 2005
Location: Michigan
Age: 39
Posts: 297
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by supernova_inc
I work for an insurance company and we do not use NADA guides but the NADA gives a close guess. We use a 3rd party company to run a market surveys on comprable vehicles. I wound not expect to get retail for your vehicle but if you are unhappy with the settlement amount only accept that as an undisputed amount and then get things like auto trader quotes for other CL's with similar miles etc that are closer to a value you were expecting. I hope this helps
09-02-2005, 04:06 PM
#7
Senior Moderator
The insurance company would probably offer you below any of the guide prices and will see if you'll sign off on that offer. If you refuse, they will counter offer with a price that's more in line with the prices listed in the guides.
At least that has been my experience when dealing with a totaled vehicle.
Hmm... nada lists my 03 6spd at 18K...
At least that has been my experience when dealing with a totaled vehicle.
Hmm... nada lists my 03 6spd at 18K...
Trending Topics
09-03-2005, 05:44 PM
#9
Racer
Join Date: Jan 2002
Location: North Jersey
Age: 46
Posts: 447
Likes: 0
Received 0 Likes
on
0 Posts
Originally Posted by supernova_inc
I work for an insurance company and we do not use NADA guides but the NADA gives a close guess. We use a 3rd party company to run a market surveys on comprable vehicles. I wound not expect to get retail for your vehicle but if you are unhappy with the settlement amount only accept that as an undisputed amount and then get things like auto trader quotes for other CL's with similar miles etc that are closer to a value you were expecting. I hope this helps
That's true. Insurance companies will pay the market value of a vehicle ( what the car is actually selling for). retail value is just a suggested asking price at a dealership, not what the car is actually selling for.
10-06-2005, 10:45 AM
#11
Senior Moderator
Join Date: Jan 2001
Location: Western New York
Age: 64
Posts: 25,217
Received 7,180 Likes
on
3,649 Posts
^^ esp. when someone submits a claim in some unintelligible gibberish they refer to as English
Thread
Thread Starter
Forum
Replies
Last Post
Pegon95
3G TL (2004-2008)
10
08-31-2015 02:18 PM