wow great offer, take the money and run

 

Yup take it!

 

Tell them it was a show car and that you need at least $85k. If they say no, take it. Glad you are ok.

 

How much does your insurance go up when you crash a 100K car? I mean my rates are probably in the garbage with all my tickets, car/ color choices and low age, but I can only imagine what that must do. Think about what the insurance company has to do to recoup that (depending on what agency). Accidents are no fun especial if it’s a really special car, but there’s nothing you can do to change the past. Just learn from your mistakes and keep on goin. I don’t know the circumstances but if you have a tip/auto I agree on getting a manual box for the next one. I couldn’t imagine how much trouble I would have gotten into if I couldn’t down shift and modulate the clutch as necessary.

Maybe after your claim gets done and is finalized could we maybe see what the damage was?

 

Ditto.

BUT- once you agree the value is $81k, tell them they owe sales tax and and license/title fees you lost with the wrecked car.

If it is only 81k total, thats 75k plus tax (depending on where you live)...

Good luck

A

 

dude - if you sold your car privately, you'd be lucky to get within $10K of that offer. Don't give them a reason to rethink it one second. Take it and run

Remember - Greedy gets burned!

 

take the money!

 

Yup, best to grab the offer. Holding out can backfire.

Jeff

 

as long as you're not at fault, it shouldn't affect you at all.

now points...THAT is another story!

 

I’m young, I’m a male and all of my cars are fast and red so if anyone wants to trade places for insurance purposes let me know. I have only been in one accident and it was some one hitting me in the rear causing only minor damage to a car I could care less about. Defiantly feel the insurance company pain. Especial loosing a prized possession.

Here’s to paying alot and not getting true value!

 

I don't get it are you saying that I am subject to tax ? So I will not get the full 81K, but less ? How do I get out of this? What do you suggest ?

 

I think he means, are they offering you 81K for everything or 81K plus tax and registration.
If its 81K plus tax and registration then take it and run.

 

Yup.

People forget that insurance is (allegedly) a contract to 'make you whole' and pay you losses. Your loss is the replacement value of the car the second it was wrecked and any costs to purchase the car and put it on the road (tax+fees).

Folks tend to negotiate the value of the car- and loose sight of the fact that to replace that car (lets say the 'true value' is 81k) it will COST YOU $81k plus sales tax to buy it.

The insurance company knows this- and will negotiate a total amount- they are negotiating 'value+tax'. You need to also negotiate on that basis- or, once you've both agreed on a value, add the tax.

Remember, 81k sounds like alot but it is really only 75k of 'buying power'. (only!)

All the comps, all the other cars that they use to come to a 'value' are listed for sale, or actually sell at a price that does NOT include tax- insurers will use this value as the settlement value, and folks that settle leave 5,6,7,8% on the table.

A

 

I held off and now they are including sales tax

 

Nice work.
I have gotten what I wanted/needed from about 5 different Ins companies by playing hardball.