by Dave6788 » Fri Dec 19, 2008 07:46 pm
My 2000 Silverado 4x2 Regular Cab shortbed stepside pickup was totalled in an at fault accident last weekend. The insurance company has offered $6350 after deductible. 3 weekends ago my brother in law was shopping for a used Silverado, and the dealers were foaming at the mouth wanting to buy it for their lots as it was in cherry condition with only 99k miles on it. They were offering straight trades, or $7500 to start without any counter from me.
When I challenged the offer my insurer stated "of course you can't buy a replacement for that, dealers always ask 3 to 4 thousand more than what a vehicle is worth. "
The CCC valuation report is tough to read, but really looks like a shyster job. How do I fight this?
Thanks in advance.
Dave
When I challenged the offer my insurer stated "of course you can't buy a replacement for that, dealers always ask 3 to 4 thousand more than what a vehicle is worth. "
The CCC valuation report is tough to read, but really looks like a shyster job. How do I fight this?
Thanks in advance.
Dave
Posted: Fri Dec 19, 2008 09:45 pm Post Subject:
Where are these dealers that need more trucks on their lots? I'm not sure but what I've been hearing is that they can't _give_ them away!
Also, sales people will tell you just about anything to get you in on the lot. Especially these days!
"of course you can't buy a replacement for that, dealers always ask 3 to 4 thousand more than what a vehicle is worth. "
This does not make any sense to me. Are you sure your not misquoting the adjuster? I'm guessing the real statement was that the asking price of a vehicle is much higher then the actual selling price.Posted: Sat Dec 20, 2008 01:11 am Post Subject:
Where are these dealers that need more trucks on their lots? I'm not sure but what I've been hearing is that they can't _give_ them away!
Also, sales people will tell you just about anything to get you in on the lot. Especially these days!
Please read my original post again. I was on the lots waiting for my brother in law who was buying a truck. The dealers came to me wanting to know if I'd sell because of the great shape the truck was in....
Quote:
"of course you can't buy a replacement for that, dealers always ask 3 to 4 thousand more than what a vehicle is worth. "
This does not make any sense to me. Are you sure your not misquoting the adjuster? I'm guessing the real statement was that the asking price of a vehicle is much higher then the actual selling price.
I'm not an idiot..... The statement I typed was verbatim of what the adjuster said. I was recording the call, and had informed the adjuster that I was doing so because I disagreed with the offer.
Posted: Sat Dec 20, 2008 01:18 am Post Subject:
Please read my original post again. I was on the lots waiting for my brother in law who was buying a truck. The dealers came to me wanting to know if I'd sell because of the great shape the truck was in....
I understood. But as I mentioned, car salesman will say just about anything to get you looking at buying a car. They tell you what a great looking truck you have, how they would love to buy it, etc. They don't care when later on they tell you that their "manager" won't buy it, or low ball you with an offer you won't accept. By then they have made their pitch about trading it in on another vehicle instead. Trust me... I've seen it a millions times.The statement I typed was verbatim of what the adjuster said.
The statement itself does not make any sense to me. It _would_ make sense if the point was that dealers ask more then they sell the vehicles for, which I guess is probably what was meant. It would make more sense if the word "sells for" was used instead of "worth".Posted: Sat Dec 20, 2008 09:48 am Post Subject:
Well, keeping all the language confusions aside…. Dave, is it possible for you to get the quote in writing from the dealer, who has offered you higher price for the vehicle? If you can obtain the document, you'll have an evidence, based on which you can negotiate the claim amount further with the insurance company. However, I doubt that the dealer has actually inspected the car, he just offered a tentative amount to check whether you agree to it or not.
Posted: Sat Dec 20, 2008 06:58 pm Post Subject:
I'm not sure I can get anything in writing. I'm heading out this afternoon to try to visit the dealerships and see if I can get the sales manager we purchased my brother in law's truck from who was so interested in mine, to write something up.
Posted: Sun Dec 21, 2008 02:20 pm Post Subject:
I'm not sure I can get anything in writing. I'm heading out this afternoon to try to visit the dealerships and see if I can get the sales manager we purchased my brother in law's truck from who was so interested in mine, to write something up.
This is EXACTLY what you need to start...dave, if you want to give me all the info on your truck i'll run a value for you...I agree CCC reports are a tough read...I run a NADA program (different than on the net)...and IMO they (nada) are valueing the bigger (gas hawks) high right now as compared to the actual market...that is one reason ccc values are much lower on these vehicle...they supposedly are true local market surveys...what did they value your vehicle condition? if you'll give me all the options (too many for me to list. but start with LS, LT OR Z71, then cc, which motor, wheels, power etc...) also the state you are in...What has your carrier said (other than what you have posted) re: the difference in value, also what do you think the value is, and are you basing that solely on what the guy at the dealership said?I'll get back to you on the pm shortly
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