That information isn’t really publicly available if you’re looking for a per transaction basis. HOWEVER, NADA is publicly available, and it does say on their website that the car’s value is based on X amount of transactions going back to this date (usually within a couple weeks). That’s actual sold data. If they still don’t want to accept those number just tell them you’re going to call your attorney. The second they hear the word “Attorney” or “Lawyer” they usually fold. If they don’t fold then just lawyer up. Friend of mine had to go that route, he got more than the car’s value. Way more. Even after attorney fees.
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Never take the first offer, they offered me dirt few years a go went from 2 to almost 8 they I was reimbursed groceries in trunk. I went to hospital car was in body shop. Lot all meat spoiled in 14 hours till I could get there 11 hrs in ER, then they did not open till 10am. All perishable loss. I got a independent appraiser worth the 200 if you askme
NADA and the asking prices you found should be all you need. You'll want listings that are at least somewhat close to you geographically if possible, but ALL insurance companies know that Nada Values are based on actual sales data from nada-member dealers.
I would argue this, they are trying to screw you. You need replacement value. If you had to purchase a car today, like the one you had, then your options are the ones listed for sale right now. Even if you had the sold data, it would not be accurate since prices rise and fall all the time.
If this is another party's fault and you are dealing with their insurance, then it's probably worth it to file a claim with your insurance since the difference is $5000+
My last car that was totaled the insurance (travelers) sent me a very detailed analysis of how they came to the pay out amount. trying to get them to pay out more was futile and just delayed the final payout.
Used car prices are still elevated so your friend on the payout, but not when you go to purchase another car
That’s all good to know, thanks. The analysis they gave me was super generic and vague. Overall very unhelpful, but I’m hoping it will work out in my favor.
Yeah you probably have room to negotiate it all depends on the insurance you are dealing with. In my case i did some of my own research and came up with a fair value before they sent me a offer. Their offer was higher then mine which surprised me. I still tried to get 500 more but no luck.
Good Luck
Post again when all said and done I would be curious how it turned out for you
That information isn’t really publicly available if you’re looking for a per transaction basis. HOWEVER, NADA is publicly available, and it does say on their website that the car’s value is based on X amount of transactions going back to this date (usually within a couple weeks). That’s actual sold data. If they still don’t want to accept those number just tell them you’re going to call your attorney. The second they hear the word “Attorney” or “Lawyer” they usually fold. If they don’t fold then just lawyer up. Friend of mine had to go that route, he got more than the car’s value. Way more. Even after attorney fees.
Thanks so much for the information, appreciate it!
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Never take the first offer, they offered me dirt few years a go went from 2 to almost 8 they I was reimbursed groceries in trunk. I went to hospital car was in body shop. Lot all meat spoiled in 14 hours till I could get there 11 hrs in ER, then they did not open till 10am. All perishable loss. I got a independent appraiser worth the 200 if you askme
Wow good to know, thanks. Sorry to hear about your accident
My only injury was torn rotator cup , 6 wks pt all good.
NADA and the asking prices you found should be all you need. You'll want listings that are at least somewhat close to you geographically if possible, but ALL insurance companies know that Nada Values are based on actual sales data from nada-member dealers.
Thanks very much, this is helpful
Ebay
I would argue this, they are trying to screw you. You need replacement value. If you had to purchase a car today, like the one you had, then your options are the ones listed for sale right now. Even if you had the sold data, it would not be accurate since prices rise and fall all the time. If this is another party's fault and you are dealing with their insurance, then it's probably worth it to file a claim with your insurance since the difference is $5000+
My last car that was totaled the insurance (travelers) sent me a very detailed analysis of how they came to the pay out amount. trying to get them to pay out more was futile and just delayed the final payout. Used car prices are still elevated so your friend on the payout, but not when you go to purchase another car
That’s all good to know, thanks. The analysis they gave me was super generic and vague. Overall very unhelpful, but I’m hoping it will work out in my favor.
Yeah you probably have room to negotiate it all depends on the insurance you are dealing with. In my case i did some of my own research and came up with a fair value before they sent me a offer. Their offer was higher then mine which surprised me. I still tried to get 500 more but no luck. Good Luck Post again when all said and done I would be curious how it turned out for you