I crashed my car and AAA is telling me the car is going to be totalled because the amount of repairs is > the value of the vehicle.
A "settlement advisor" called me today to offer me $13,000 for my car (2005 PT Cruiser Turbo Limited, fully loaded, Nav system, moonroof, 41000 miles). I owe $15,900 on it still (no gap insurance)....and Kelley Blue Book values it at $16,415, NADA at $15,675 and Edmunds at $15,827. I complained and the advisor said "we use Auto Trader b/c Blue Book is inflated", but he looked up a similar car (touring edition, much cheaper) and said he could up the quote $600, for a grand total of $13,600. I have to accept/reject within the day (pressure tactics!) or risk losing the offer and having the car valuated.
I just called AAA as a potential insurance buyer and asked how they value cars for pay-out. She told me they use Blue Book dealer retail, which would be AWESOME for me.
Thoughts? Advice? Should I turn down the offer?
2007-03-07
02:29:44
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5 answers
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asked by
Tabby
2