How much is my totaled car worth?

Submitted by Anonymous (not verified) on Thu, 03/06/2008 - 21:01

Hit by a semi March 2008. Semi driver took full responsibility, and my car was drivable.

I'm insured by progressive. He is by Great West Casualty.
Progressive told me to take it to their shop, which today says it's totaled.

I see the repair estimate on progressive.com is at $5399,
I still owe $5156, and KBB says I could expect to buy one in my area for around $8000.

2002 Chrysler town and country LE
rear ac tinted windows standard CD player
nothing super special, but nice.
no prior damage, in my opinion excellent condition, no rust, runs great, but 145k miles

Should I expect anything other than paying off the loan (which sucks as I now have no car)... or can I expect at least something to use as a down payment?

Both insurance companies are working on an offer, and I am waiting to hear what they are.

Thanks
Dennis

Posted: 07 Mar 2008 05:39 Post Subject:

Well,as the first step, inform the carrier that you have done a research and have received a price which is much higher than what they are offering. Take a print out of the car worth estimate and mail it to them and keep the channels of negotiation open. This may solve the problem.

Posted: 07 Mar 2008 05:50 Post Subject:

Hi DWN, you have come to the right place. This community has some very experienced adjusters around. They've dealt with some of the most complicated issues like those when you buy totaled cars out of your own will. So, wait for their responses. They can give a fair car worth estimate.

Thanks,
soulful

Posted: 07 Mar 2008 05:58 Post Subject:

I wonder, is it a possibility to receive another estimate from another body shop? You said, your car was drivable after the accident, right! Then you must enquire what has driven them to declare the car 'totaled'. Was there any previous un-repaired damage to the car, which might have surfaced during the investigation?

Posted: 07 Mar 2008 02:33 Post Subject:

first off progressive will not be using the kelley blue book...rather more than likely nada...i will run a value for you either tonight or in the morning to see what i come up with acv wise...(my laptop is tied up on an update right now)....what they will pay is the ACV (actual cash value) minus your deductible (your carrier), and a percentage of any unrepaired ''prior'' damage (which you say is none)...any balance after the lein pay off will come to you, they will also owe you the sales tax on that ACV all states are different in how they do this...I'll get back to the thread later and give you my opinion re:ACV

Posted: 07 Mar 2008 02:58 Post Subject:

Thanks for the replies, I'm still waiting to hear from the companies, but I expected that ;)

Lori: Thank you very much for offering to look up ACV, I will look forward to seeing what you come up with.

Dennis

Posted: 08 Mar 2008 02:06 Post Subject:

Here you go Dennis, well the bad news is that mileage hit you for (minus) $2380.00! ACV came to 5420.00 but you need to add the following to that figure (if they apply) fixed running boards=75.00, leather seats=300.00, luggage rack=75.00, right POWER sliding door=300.00, tow/camper Pkg=125.00, fwd/awd=900.00....

So as you can see looks like ACV is right around your pay off, before you get upset though realize that were it not for your mileage deduction you'd be right where you had thought around 7800.00 These figures are based on the March 2008 NADA, 'central' region if your accident was in Feb. they should be using that edition (it should make a couple of hundred difference believe it or not!)

Be sure that when you get the evaluations you look at them and make sure all data is correct, we all make mistakes, so look at that closely.

Let us know if we can be of any further assistance to you, and let us know how things turn out for you....

Posted: 12 Mar 2008 06:02 Post Subject: Thank You

Thank you very much for the information.

MY insurance company set a car worth estimate of $4200 for the settlement.

THEIR company offered just short of $5700 (including a payment for sales tax) So I can get the loan paid off, and a few hundred in my pocket.

Interesting note: it's not as 'fun' as it should be shopping for a new car because you HAVE to instead of because you want to ;P

Dennis

Posted: 12 Mar 2008 08:47 Post Subject:

wow what a spread!

Interesting note: it's not as 'fun' as it should be shopping for a new car because you HAVE to instead of because you want to ;P

ain't that th :wink: e truth!

Posted: 24 Mar 2008 01:33 Post Subject:

I actually hate shopping for a vehicle. There is alot of work in it. Please do check all the figues on the estimate they send you. When they had to pay for my truck last year I went over the report with a fine tooth comb and found several errors in mine. One was the didn't give me any credit for remote starter and I had recently (1 month before) put a tonneau (sp?) cover over the bed. Cost me over $300 and they only gave me a credit of $50. When I contacted them they fixed the estimate. I had to send in my reciept for the bed cover and wait till they readjusted everything. All and all they worked very well with me.

Posted: 24 Mar 2008 06:33 Post Subject:

Interesting note: it's not as 'fun' as it should be shopping for a new car because you HAVE to instead of because you want to ;P



How true! I've heard many, myself included, say, "I should've let them hit me!"

No, you should be glad they didn't. Even the smallest claims are not fun. There is paperwork, estimates and just alot of time consumed in the claim process. You are better off being a defensive driver.

I'm glad to see the other carrier offered a good amount since there will be no deductible appicable in the transaction.

Posted: 25 Mar 2008 11:29 Post Subject:

How could anyone let someone hit them? Probaly a stupid question cause I am sure there are people out there that would. I am an defensive driver myself.

Posted: 29 Mar 2009 04:18 Post Subject:

better to be safe than sorry, i personally feel that being a defensive driver is the best. if someone hits you, there is always a risk of getting seriously injured. defensive driving is the safest way of driving. driving is only a way of transport, why drive dangerously?

Posted: 02 Aug 2009 05:43 Post Subject: Totaled car

My car was totaled today and I was hoping to find out how much my car would be valued at. I was not at fault and it was a honda accord, it has been repaired but only with miinor damage. 2001, 140,000 miles. can anyone help me out with this?

Posted: 08 Jan 2010 03:17 Post Subject: car totaled what is it worth

It is a 1999 Pontiac Grandam it was repaired once in 2005
they offered me 3200 I owe 2300 what else can I ask them to pay for I just got it out of the shop I had a motor put in it.

Posted: 27 Jan 2010 06:09 Post Subject: ? 4U

HI, MY CAR WAS IN AN ACCIDENT I OWE 25,000 ON A LOAN, I HAVE A 2008 DODGE CHARGER THE DUB VERSION FULLY LOADED, I NEED TO KNOW THE VALUE OF THE CAR HOW CAN I GET THIS INFO? :D

Posted: 27 Jan 2010 12:32 Post Subject:

Go to nada.com, enter your vehicles info. Then use sites like autotrader to find vehicles similar to yours in your area. This should give you an idea of the acv.

Posted: 27 Jan 2010 12:52 Post Subject: Totaled car

The estimate of your car would also depend on the condition it was in before the accident apart from mileage, make, year, additional equipment and its present market value. So we need to know all of that before determining its value.

Posted: 30 Jan 2010 06:32 Post Subject: car

i have a 1998 mirage and i was needing to know how much to sell it for

Posted: 30 Jan 2010 12:28 Post Subject:

Hi FAMILY02184

You may also check the Kelly Blue Book site for the value of your car. You can compare the value to the depreciated value of your car after the accident. You may also get help from a body shop that you may know.

Posted: 19 May 2011 05:14 Post Subject: total loss

how much could I get for my car its a 2008 dodge calibier . ts totaled and I still own 6000

Posted: 22 Jun 2011 05:03 Post Subject:

Never what you owe or what it will cost you to replace it. So the answer to the problem is GAP insurance! Small amount to pay for peace of mind that pays you the difference between loan/cost and adjusters appraisals, (which start at the bottom, wholesale)The haggling is what the adjuster is paid to do, not to be fair, but to save the insurance company the most they can, they are not your pals! Wife rear ended, she's ok totalled car retail $20,000, offered $15,500

Posted: 22 Jun 2011 05:27 Post Subject:

she's ok totalled car retail $20,000, offered $15,500

Where would you have sold the car for retail value? Answer... no where! Read up what the retail value means. If you sold the car to a dealer they would have paid you trade in value. If you sold the care to a person they would have offer slightly above trade in.

Posted: 22 Jul 2011 01:32 Post Subject: 1987 chevy cav.

Some guy rear ended me I orig. Paid 2100 for car it only has 100k now I put after market shocks struts z24 bumper and cd player many more also his ins company is tryn to offer 1100 -100 so I can keep it

Posted: 22 Jul 2011 02:43 Post Subject:

Paid 2100 for car it only has 100k now I put after market shocks struts z24 bumper and cd player many more also his ins company is tryn to offer 1100 -100 so I can keep it



See my sig.

Do you have a question? I'm guessing you think the offer is too low. First, some of those items are mainteance items, they don't increase the value (shocks for example). The bumper... well, it's not going to add much if anything. It's a bumper for a bumper. Even trade in value. In that you think it looks cool or better is not going to increase the value. The car has 100,000 miles on it. This outweighs most any cosmetic thing you could do to the vehicle.

If you think the vehicle is worth more, provide documentation to support this.

Posted: 09 Jan 2013 09:26 Post Subject: Sucks

I just had my 3 month old chevy truck hit and pushed into where i work when it was parked legally in the street

Posted: 11 Jan 2013 09:50 Post Subject:

What would you like to know?

Posted: 11 Feb 2013 09:47 Post Subject: Whats my totaled car worth

I have an 2008 infiniti g35 sedan. it has about 87000 miles on it. i had recently had the front bumper and passenger fender replaced. both are black but does not have the black shine coat on it yet (they are unpainted). their is a 4 in dent above the passenger door. also just put new battery (Diehard platinum) and tires on it.

Posted: 11 Feb 2013 01:57 Post Subject:

Nice information. Do you have a question?

Posted: 12 May 2013 09:31 Post Subject: car

I have a 2013 dodge charger that was hit by a police officer the car had 1215 miles on it. The driver side door is damaged and side airbags were deployed upon impact. Do you think my car is totaled? It started back up the driver side window doesn't raise up. Also the panel above the driver side tire is damaged.

Posted: 12 May 2013 09:33 Post Subject: car

I have a 2013 dodge charger that was hit by a police officer the car had 1215 miles on it. The driver side door is damaged and side airbags were deployed upon impact. Do you think my car is totaled? It started back up the driver side window doesn't raise up. Also the panel above the driver side tire is damaged.

Posted: 21 Apr 2014 01:51 Post Subject: 2005 Ford 500 (Totalled???)

I too would like another estimate of my cars value from an adjuster. I live in Michigan and have a 2005 Ford 500 SEL, front wheel drive. My daughter just had an accident in it that took out the front passenger fender, severed A/C lines, barely turned over a corner of the hood, destroyed the headlight assembly, but the car remains very road worthy. In fact after the Ford dealer gave the insurance company an estimate of $12,000 the insurance company told me it was undrivable and totalled, yet last night I drove it home 120 miles at 70 MPH and it drove straight, strong, without a hint of vibration or noise, and got 28 MPG! The car has 98,000 miles on it but these are commonly known to last until close to 200,000 miles.

So what would be an adjusters worth that the insurance company may offer me?

What would a typical buy back value be for me to retain the car?

Can I get salvaged title or repaired title in Michigan and can I get insurance on it, at least PLPD?

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