Posted: Tue Aug 12, 2008 3:42 am Post subject: ACV 2004 Toyota
[color=DarkBlue]My car was rear ended and as a result my insurance has agreed to declare it a total loss. It was sent to the storage yard today. I will probably receive a offer tommorrow. What is a good actual cash value for my car?
It's a 2004 red Toyota Camry Solara SE 6 cyl, auto, 31600 miles, tinted windows, JBL multi stero, auto seats, auto windows, moonroof, I just bought tires a week or two before for $550. It's in excellent condition, except it was in another no fault accident a week or too before that was repaired for $5000.
Every insurance company applies its own method of determining the ACV of a vehicle. Some uses third party software for the purpose, whereas, the others may conduct a survey amongst the used car dealers of the locality to arrive at the value. However, you can check out the value of the car at the NADA site to get a fair idea about it.
GHG7F0, its very difficult to give an exact value for the car, as Juanita has rightly mentioned that different companies may use different methods for the same purpose of determining the ACV. However, very tentatively the Toyota model may fetch the value between $12,000 and $15,000.
I can be wrong. Let see what the experienced adjusters have to say in this regard.
Well, I guess the insurer will take into consideration that the vehicle was involved in another accident just before getting totaled. IMO this can affect the ACV as well. However, it won't matter that you have spent $5,000 in repairing it.
Please, provide us with your state and area of residence, as these are the important factors in calculating the value of the car.
I'd be happy to run a value for you but need additional information....does it have leather seats, navigation system, power seats, windows and locks, automatic or standard tranny, sunroof, cruise control? let me know and I'd be happy to check for you. _________________ Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
I'd be happy to run a value for you but need additional information....does it have leather seats, navigation system, power seats, windows and locks, automatic or standard tranny, sunroof, cruise control? let me know and I'd be happy to check for you.
No leather or navi
It does have power seats, power windows & locks, auto moonroof, cruise and new tires bought 2 weeks before for $550. The claim is against my company, but the at fault party is the county.
This is in California, I was just approved to refi at $19,000 by the credit union, but didn't do it yet.
A minor difference in regions...in my region-midwest this vehicle books for $15,850.00 your region is $15, 925.00...now the prior damage was repaired right? if so there should be no deduction for that loss. As to the tires, we assume they have 50% of their tread life when valuing a vehicle so they might owe you a little (more than likely won't be more than 25% or so).....Not sure where the cu came up with a re-fi for 19k...course cu's are different...I'm showing a MSRP for only $21,450.00....and that was five (vehicle) years ago... _________________ Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
Clearly something was missing from the information I got , that's too far apart to have had all the info...but good for you! _________________ Have you been helped by a poster? Do you want to show your appreciation? YOU CAN !! Just simply click on the donate button and send them some coin!
Great. Hope it'll compensate you well.
