Used car valuations are insane

[Anonymous]

I bought a 2015 car (used) in 2017. It just got totaled, and despite being 5 yrs older with an extra 40k miles, I got the same settlement as I pain for the car
Now I am scared to look at the cost of replacements

[Anonymous]

Paid*

[Anonymous]

Used prices should come down soon. Plenty of videos explaining why.

[Anonymous]

Good luck buying another car, it's nuts.

[Anonymous]

Just checked the Kelly blue book value for my 2012 Toyota Sienna XLE and it said $20k. Wow!

[Anonymous]

Know that before settling w/an insurance co. - you can always negotiate the settlement amount first.

Most people elect to just accept the settlement amount given to them.

[Anonymous]

KBB on my 2020 Rubicon is almost 10% more than I paid for it new. But a comparably equipped new one is about 25% more than the 2020 was when new. So, there’s that.

[Anonymous]

Dreading looking for a new car.

Hit a deer on Monday night & I'm 99% sure the vehicle will be totaled.

Pro: KBB is $4k over what I paid for the car

Con: the same model vehicle is now going for nearly $12k over what I paid in 2019

Also, all the dealerships I've looked at online casually this week have $3k-8k markups over MSRP. A big ol suck my dk to them.