Christopher Angel ([info]jpublic) wrote,
@ 2008-07-24 23:18:00
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Car Update 4? I think.
This might count as five, I don't know.

So. Apparently the body shop reported the repair cost to SGI. Cost is like $900 over the limit the insurer gave them.

Speaking of which, $9600? WTH? If we take the 75% value damage limit the insurer uses, that puts the value of my car at like $12800. I *paid* $14k for it. So in 4.5 years it only lost $1.2k of value?! Even if I drop that original vlaue by $1.5k for the previous damage (which was claimed on already) we're looking at $10800, which is still huge.

Of course, now I have to wait for the Total Loss Department to make a final decision. Which *should* take hours, but will probably take days. Yay. I just want to go buy a car, damnit!



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[info]draconin
2008-07-25 08:54 am UTC (link)
[..]that puts the value of my car at like $12800. I *paid* $14k for it. So in 4.5 years it only lost $1.2k of value?!

I'm sorry.... you're *arguing*???

That's an indication of what they'll pay out on it isn't it?

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[info]jpublic
2008-07-26 12:49 am UTC (link)
Yeah. They pay out replacement cost, not Blue/Black Book vaue. That's significantly less.

Apparently, my car was actually worth *more* in 2005 (I bought in 2004) because the glut of them on the market had vanished, and the prices went up.

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