Reply to DH stopped for a pedestrian and got rear-ended

Forum Index » Money and Finances

Reply to "DH stopped for a pedestrian and got rear-ended"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]It is pretty easy to find a 2011 Hyundai elantra (I assume that is the model) for less than $9200.  That would make you whole; it would replace the care that was totaled with a similar car.

Your car was not the 4 yr old car it was when you bought it; it is a six year old car.

As an extreme example, imagine, in 1999, you bought a loaded 2000 honda accord for   23000.  In 2014, it is totaled.  Insurance will not replace it is a 2014 Accord, but rather give the money for a 2000 honda accord which is much less.  [/quote]

pp here.  Here is another example:  in rare cases, cars can appreciate.  in 2001 (post 9/11), we bought a 2001 SAAB station wagon at a great price -- almost 10K below MSRP, or 25% below MSRP.  At that moment, there were huge incentives -- post 9/11 people were not buying cars.  Heck, we wouldn't, except we had a baby coming.  6 months later, a car blows through a red light doing 70, t-bones the car, and totals it.  Insurance gave us what it would cost to buy a 2001 SAAB 9-5 SE.  The deals were over then, and it would cost us much more than we paid to replace the car.  Insurance did not look at our costs.  Rather, they looked at the replacement cost, and we walked away with a 6K profit. (we moved to a minivan and pocketed the difference).[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics