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value
Posted by jeff (more from jeff) on Thu, 27 May 2004 12:45:34
In Reply to: MBZ totalled, rear-ended, now Ins. co is rear-ending, Mike, Thu, 27 May 2004 12:15:39
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I've thought about this sort of situation before. The "book" value of a car is just what you could get for it, it doesn't really have anything to do with the value of the car to you. Before I got my 9-5, I was driving around in a '92 Saturn SC with 170k+ miles. According to the book, that car had basically no value. But it got me where I needed to be, and importantly I had no car payments and dirt cheap insurance. If somebody had crashed it for me, I'd have gotten next to nothing, and certainly would not have been able to replace it without spending some cash. Unfortunately it sounds like your dad is in just that situation.
jeff
posted by 192.5.27...
Posts in this Thread:
- MBZ totalled, rear-ended, now Ins. co is rear-ending, Mike, Thu, 27 May 2004 12:15:39
- Re: MBZ totalled, rear-ended, now Ins. co is rear-ending, patprice, Fri, 28 May 2004 02:55:52
- My $0.02 >>, PGAero , Thu, 27 May 2004 16:17:52
- Re: MBZ totalled, rear-ended, now Ins. co is rear-ending, MJM , Thu, 27 May 2004 12:56:41
- value, jeff, Thu, 27 May 2004 12:45:34 <-- Viewing This Message
- Re: MBZ totalled, rear-ended, now Ins. co is rear-endin, compaqted, Thu, 27 May 2004 12:23:22
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