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"more than i paid".... Posted by Mike Lynch [Email] (#81) [Profile/Gallery] (more from Mike Lynch) on Sat, 10 Mar 2007 18:44:44 In Reply to: Everyone with a Car should read this....., earthbrown, Sat, 10 Mar 2007 14:32:15 Members do not see ads below this line. - Help Keep This Site Online - Signup |
Who's lowballing who? Who's taking advantage of who when you demand more than you paid for a totalled car from the insurance company.
Lotsa' plain truths and common sense in your 10 points. In regards to #8, miles for market value has nothing to do with average miles driven, but everything to do with the expectation of the buying market, which doesn't like cars over 100k regardless of how old they are.
I've fielded many, many, many insurance settlement inquiries over the years and I've found them to be generally fair. Can't remember a low ball. The values are often not up to expectations, but consumer perceived values almost always aren't, nor are customer payoffs reliable indicators of value. Insurance offers are always thousands and thousands more than actual trade in or auction values, a big upside.
Older and higher mileage cars are some of the most difficult judgements in value and seldom come near the investment in service bills and sweat equity.
Not picking on you, but I hate to see payouts for totals like yours that drive up costs for the rest of us.
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