My car, a Toyota Camry, 1995 is a total loss... and
Insurance company show me this...
ACV (ACTUAL CASH VALUE) $4,667.00
TAX 5% 233.35
TITLE FEE 5,00
GROSS TOTAL 4,905.35
DEDUCTIBLE -500.00
NET TOTAL VALUE TO YOU 4,405.35
Is that all I am gonna get, $4,405.35?
But, I need a car... so I have to buy an used car?
2007-06-26 06:22:38 · 13 answers · asked by Anonymous in Cars & Transportation ➔ Insurance & Registration
Yep, that's it. They have calculated how much a 95 Camry is worth and paid you for it. The concept of auto insurance is to "make you whole", not enrich you. You wrecked a 12-13 year old car, and they did exactly what they said they would do. If you don't owe anything on the car, take the $4400 and use it as a down payment on new or used car.
2007-06-26 06:29:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You had a used car therefore the insurance company is reimbursing you enough money to buy a car of equivalent value. 1995 Camry...thats over 10 years old...and I would assume it had plenty of miles on it. You can find a used car that is the same age or maybe a bit newer with less than 100k miles for $4500. When shopping remember American cars depreciate faster...find oen with a good record (proper oil changes mainly) and you'll get a cheap car that runs long.
www.autotrader.com
Good Luck!
2007-06-26 06:32:23 · answer #2 · answered by Josh 2 · 0⤊ 0⤋
if you were involved in a moving accident and it is not your fault then don't worry about this. This is exactly what they want you to be concerned with. Get a lawyer and stall to see a doctor for x-rays or better yet an MRI. You may seem fine now but those injuries creep up and do more damage than having to get a used car. If that is what is worrying you then visit a used car dealership with your check and see if next time they go to auction they can purchase one for you at face value. Of course you'll have to give the dealership a finder fee of maybe 1000 dollars.
2007-06-26 07:30:07 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Go to EBay and type 1995 Camry and you will find 9 for sale and they are all less than $4000.
They owe you for your car. What you do with the money is up to you. Did you think you would get a new car? If that was the case everyone would be driving into telephone poles to get new cars.
2007-06-26 06:39:54 · answer #4 · answered by PJ 5 · 0⤊ 0⤋
What exactly dont you get?
Your getting the value of your car. Now, take that money and get another used car. Wait.. did you really think you would get enough to get a NEW car when you only had a 95 car?
2007-06-26 08:08:43 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes, that will be what you will get, the actual value of the vehicle adjusted for condition, minus the deductible you asked for when you signed up. If you need a car, get what ever you'd like to get, but that is all you will get from insurance. They didn't agree to give you enough to buy a new one after all.
2007-06-26 06:36:25 · answer #6 · answered by oklatom 7 · 0⤊ 0⤋
not in all probability very plenty in direction of your earnings tax return as we communicate on your existence. An in case you had some good coverage you are able to finally end up with some taxable earnings while it rather is throughout with at that factor on your existence for this purpose. What approximately your job on the grounds which you're saying that your job has us use our automobiles for paintings proper odds and end's did they grant you any form of counsel on the grounds which you're indicating that this replaced right into a job proper return and forth that replaced into being performed at time of this twist of destiny the place you probably did hydroplane and your vehicle grew to grow to be a entire loss for paintings? wish which you locate the above enclosed tips functional. 12/02/2011
2016-09-28 11:55:27 · answer #7 · answered by mcglothlen 4 · 0⤊ 0⤋
Yes that is all you will get from your insurance company, you will need to get a loan to pay for the rest of the amount on the new car or used car you want.
2007-06-26 06:33:34 · answer #8 · answered by Wolfmanscott 4 · 0⤊ 0⤋
Cause the insurance company has the chioce to either fix it or buy it from you... they choose whichever is cheaper!
It's in your contract, but since you don't have a choice about it, there is nothing you can do.. so take the money, and I think sometimes they let you keep the car, and get yourself a new one!
2007-06-26 09:01:53 · answer #9 · answered by Anonymous · 0⤊ 0⤋
What were you expecting for a car that is 12 years old??? You made out like a bandit you should be celebrating. You can now buy another just like it and have money left over...
2007-06-26 07:32:36 · answer #10 · answered by elurle 6 · 0⤊ 0⤋