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Established Contributor
coterotie
Posts: 545
Registered: ‎11-30-2012
0

Re: No new vehicle for us any time soon.

Also point out that you don't know how the other cars were maintained, you do know how yours was maintained etc. So that has significant value to you.  You will have to miss work to look for a vehicle as will your husband and you expect to be conpensated for the "acts of your insured."  Let them know you aren't a pushover and know they have flexibility in what they can pay you for your trouble caused by "their insured."  If in person, rub your neck a lot...:smileyvery-happy:

 


Shellie wrote:

I just made my car payment yesterday.  I know better than to not make my payment!  I looked yesterday and had trouble finding the same model online to compare.  I had a 2009 Ford Flex SEL rear buckets. rear entertainment, FWD 108k miles


 

Valued Contributor
Shellie
Posts: 1,235
Registered: ‎05-15-2013
0

Re: No new vehicle for us any time soon.

If book value of mine is only arounf the $15k mark can I actually expect to get more?  

 

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Valued Contributor
Remember0
Posts: 1,288
Registered: ‎02-12-2014
0

Re: No new vehicle for us any time soon.

What book value are you talking about? In other words, where does the 15k come from? In general there's different "books." Most of the books aren't used by insurance companies who use the "black book" to which you have no access. The only way to really  counter the insurance companies black book offer is to use comparables.

 

I'll try to look for some comparables in the TX/OK area and I'll post them here in a few hours.

As I am very busy with work these days, I am participating in the forums less than I would like to. Please feel free to email me directly remembermyfico //at// gmail /dot/ com if you would like me to respond to a specific question you have.
Valued Contributor
Shellie
Posts: 1,235
Registered: ‎05-15-2013
0

Re: No new vehicle for us any time soon.

I use the NADA guides.  That's what I've always seen lenders use.

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Valued Contributor
Remember0
Posts: 1,288
Registered: ‎02-12-2014
0

Re: No new vehicle for us any time soon.

You probably found these, but here's some comparables I found that you could send to the insurance company if push came to serve:

 

Pretty local to Tulsa, OK (not sure exactly where you are):

 

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=136526060

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=605201256

 

These are more than 100+ miles away though:

 

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=603871935

http://www.cars.com/go/search/detail.jsp?tracktype=usedcc&csDlId=&csDgId=&listingId=601445085

 

Honestly given the scarcity of these cars near you (I'd say more than 100 miles away is unreasonable), I'd argue (if you need to with the insurance company) that it's all the more reason you deserve at least 15k if not more. Also even if they give you just book value of 15k, you deserve to get back TTL (I'd mention doc fees too) on that 15k don't forget.

As I am very busy with work these days, I am participating in the forums less than I would like to. Please feel free to email me directly remembermyfico //at// gmail /dot/ com if you would like me to respond to a specific question you have.
Valued Contributor
Shellie
Posts: 1,235
Registered: ‎05-15-2013
0

Re: No new vehicle for us any time soon.

Yay! State Farm made me an offer today! they offered $16,691!   $16,100 plus $500 taxes and $100 fees.  I'm really pleased with this offer. I feel like that is fair, that's a little over what NADA says is clean retail.

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Frequent Contributor
bostonte
Posts: 261
Registered: ‎10-04-2009
0

Re: (EDIT) New vehicle sooner than we thought...

Don't be afraid to accept it if you've done your homework and find the offer fair.

I know some people will say never accept an opening offer -- but my personal experience has been the offer is sometimes unexpectedly generous and often they're just concerned with settling and closing the claim ASAP so they make a very strong offer from the beginning.
Valued Contributor
Shellie
Posts: 1,235
Registered: ‎05-15-2013
0

Re: (EDIT) New vehicle sooner than we thought...

I have done my research and that is a fair offer.  That is the actual value of my car.  I accepted it.  It is several thousand over what is owe so there was no reason to haggle.

myFICO EQ Starting Score 568 05/01/2013 Current Score 657



Valued Contributor
Remember0
Posts: 1,288
Registered: ‎02-12-2014
0

Re: (EDIT) New vehicle sooner than we thought...

+1. I'd definitely agree that it's a fair offer. Kudos to State Farm and it certainly saved you a lot of work!

As I am very busy with work these days, I am participating in the forums less than I would like to. Please feel free to email me directly remembermyfico //at// gmail /dot/ com if you would like me to respond to a specific question you have.
Valued Contributor
Shellie
Posts: 1,235
Registered: ‎05-15-2013
0

Re: (EDIT) New vehicle sooner than we thought...

So now it's time to buy.  Called my bank Monday and he said go get whatever.  I told him I wanted to but around $20-21k..  They don't report so I wont take a hit on my UTL.  And he isn't even going to pull my credit so no new INQ.

 

BUT it's 7.5%.  He said that's what rate everyone gets.

 

Or attempt DCU.  My EQ is 656 right now.  They give that 1.24% to 675 and over.  I would qualify for 4.something%

 

So torn!! Not to mention what to buy.  I have several internal debates going on right now!  Haha.  Taurus is a great car and a good deal but I have a 13, 11 and 2 yo.  Hubs like the Dodge Caravan with the Swivel 'N Go seating.  I am so NOT a minivan fan.  GAG!  Haha.  I know it's practical tho.

myFICO EQ Starting Score 568 05/01/2013 Current Score 657




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