by bbrittany5 » Thu Nov 29, 2012 05:43 pm
My car was hit by a woman who ran a red light she "t-boned" my car.. This is her fault 100%. I have a 98 toyata camry with over 100,000 miles, the blue book value is around 2400. I was not having to make any payments on my car nor did I have to have full coverage insurance. My car was very reliable and ran very good. What are my options if her insurance only wants to give me 2400 or less? I'm not expecting a brand new car but I won't be able to get a car like mine for that amount. I also don't think I should have to buy a bad car or a more expensive car and have car payments nor should I have to get full coverage for getting a car with payments. I feel I am entitled to a replacement car that was as good as mine. What can I do if I don't want to take their offer? That was also my ONLY means of transportation.
Posted: Fri Nov 30, 2012 01:03 am Post Subject:
I'm not expecting a brand new car but I won't be able to get a car like mine for that amount
Perhaps not right at this moment but if there is documentation showing it's worth that amount, that is all that they owe.
How do you know your engine or transmission was not going to fail next week? You don't know.
I feel I am entitled to a replacement car that was as good as mine
You would be incorrect. They owe you market _value_.
Posted: Fri Nov 30, 2012 02:17 am Post Subject:
They owe you market _value_
AKA: Actual Cash Value = replacement cost MINUS depreciation. ACV can vary considerably from one market to another.
Posted: Fri Nov 30, 2012 02:18 am Post Subject:
They owe you market _value_
AKA: Actual Cash Value = replacement cost MINUS depreciation. ACV can vary considerably from one market to another. Your market may not be as favorable to your vehicle as another market 500 miles away.
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