Did the insurance adjuster miscalculate my motor?
We researched the NADA value for our make and model of sports car that was just totaled. The insurance company desires to give us much less and used NADA information as well, only their NADA is lower than our NADA. The coup¨¦ only had 1000 miles and be owned for 5 months. It was undervalued by $2000 by them vs our information.
Answers:
it sounds give or take a few right as once you drive a new car out of a sports car show room it becomes 2nd hand and adjectives cars depreciate in value between 1000/2000 every year , your saloon is classed as a 1 year old with one owner
If you didn't enjoy gap coverage, you take a hit. Ask them if they are inclined to replace your car with another of like model and year that has a 1000 miles on it. Someone I know actually get their car replaced that way--they took a replacement vehicle rather than the $. I don't know what company did that, though, but it is worth a shot.
Unless you had gap insurance, your coup¨¦ was worth much less than you rewarded for it once you drove it off the lot and that is what they figure your price on. Sorry, bad deal.
Remember to use the NADA wholesale price, not the retail price and absolutely not the dealer retail price.
Related Questions:
Answers:
it sounds give or take a few right as once you drive a new car out of a sports car show room it becomes 2nd hand and adjectives cars depreciate in value between 1000/2000 every year , your saloon is classed as a 1 year old with one owner
If you didn't enjoy gap coverage, you take a hit. Ask them if they are inclined to replace your car with another of like model and year that has a 1000 miles on it. Someone I know actually get their car replaced that way--they took a replacement vehicle rather than the $. I don't know what company did that, though, but it is worth a shot.
Unless you had gap insurance, your coup¨¦ was worth much less than you rewarded for it once you drove it off the lot and that is what they figure your price on. Sorry, bad deal.
Remember to use the NADA wholesale price, not the retail price and absolutely not the dealer retail price.
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