Car is a total loss but why?

Scott H

Yep, that's it. They have calculated how much a 95 Camry is worth and paid you for it. The concept of auto insurance is to "make you whole", not enrich you. You wrecked a 12-13 year old car, and they did exactly what they said they would do. If you don't owe anything on the car, take the $4400 and use it as a down payment on new or used car.

la428282

What exactly dont you get?

Your getting the value of your car. Now, take that money and get another used car. Wait.. did you really think you would get enough to get a NEW car when you only had a 95 car?

Tom S

Cause the insurance company has the chioce to either fix it or buy it from you... they choose whichever is cheaper!

It's in your contract, but since you don't have a choice about it, there is nothing you can do.. so take the money, and I think sometimes they let you keep the car, and get yourself a new one!

bostonianinmo

That's right. But considering that your car is a used car -- and a well used one at that -- you're getting an excellent settlement. Take the money and run!

Wolfmanscott

Yes that is all you will get from your insurance company, you will need to get a loan to pay for the rest of the amount on the new car or used car you want.

oklatom

Yes, that will be what you will get, the actual value of the vehicle adjusted for condition, minus the deductible you asked for when you signed up. If you need a car, get what ever you'd like to get, but that is all you will get from insurance. They didn't agree to give you enough to buy a new one after all.

just curious

if you were involved in a moving accident and it is not your fault then don't worry about this. This is exactly what they want you to be concerned with. Get a lawyer and stall to see a doctor for x-rays or better yet an MRI. You may seem fine now but those injuries creep up and do more damage than having to get a used car. If that is what is worrying you then visit a used car dealership with your check and see if next time they go to auction they can purchase one for you at face value. Of course you'll have to give the dealership a finder fee of maybe 1000 dollars.

Zeke

You had a used car therefore the insurance company is reimbursing you enough money to buy a car of equivalent value. 1995 Camry...thats over 10 years old...and I would assume it had plenty of miles on it. You can find a used car that is the same age or maybe a bit newer with less than 100k miles for $4500. When shopping remember American cars depreciate faster...find oen with a good record (proper oil changes mainly) and you'll get a cheap car that runs long.

www.autotrader.com

Good Luck!

elurle

What were you expecting for a car that is 12 years old??? You made out like a bandit you should be celebrating. You can now buy another just like it and have money left over...

duce

If that's what they said then that's all you get

Go to EBay and type 1995 Camry and you will find 9 for sale and they are all less than $4000.

They owe you for your car. What you do with the money is up to you. Did you think you would get a new car? If that was the case everyone would be driving into telephone poles to get new cars.

UCANTCME

I WORK WITH INSURANCE COMPANIES ALL THE TIME, IF YOU HAVE DONE ANY TYPE OF REPAIRS OR HAVE ADDED ANY TYPE OF EQUIPMENT TO THIS VEHICLE OVER THE PAST 12 TO 24 MONTHS, THEY WILL SOMETIMES ADD ALL OR ADD A PERCENTAGE OF THIS TO THE PRICE THAT THEY ARE OFFERING YOU.

BUT REMEMBER NOT TO PISS THEM OFF, JUST BE AS NICE AS POSSIBLE, IT DOES WORK.

Enter Your Message or Comment

User Name:
User Email:
Post a comment: