nadrealista

IT was other party fault and now their insurance is not willing to pay retail value of the destroyed car!?

In these cases what does insurance use to determine value of the car? Kelly blue book?

Car is 1999 mazda 626 LX with 76K on it. According to the KBB its retail value is $6,685, but insurance adjuster is offering only $5650?

What is best way to tackle this and get most cash out of them?

Thanks!!

S4Poor/deux@Curbside

;p

KOpork

Brendon. Go get in your big new house. Drive your boat and zip it. :-)

TwinTurboTerror

nobody does...

KOpork

and other sources. In trade-in KBB can help sometimes, but not always.

nadrealista

well when you buy car at dealer you pay retail price. so they should pay out retail as well?

nadrealista

so lets say you have this car on your lot, what would you price it at?

TwinTurboTerror

they should pay. That's how they make money. Otherwise they'd lose money, because they have to pay transaction costs (real estate, insurance, and the salesperson) for taking in the used car and re-selling it. But all that's besides the point.

I take your point that the INSURANCE company should pay retail for your parents' car that was totaled. But the point is, KBB purports to list both wholesale and retail prices, yet they're not necessarily accurate.

Gotpancit

My Mom just wrecked her '05 escape and it was totalled. nada was like $20k and high KBB retail was about $19. They split the difference.

It might be a little different in your state maybe?

Thats crock if they only give you that price. I think you have the option of going to a dealer and getting a qoute from them to counter the other insurance companies claim.

S4Poor/deux@Curbside

;-)