by rveman1 » Fri Dec 17, 2010 09:26 pm
i bought a 1996 ford mustang cobra convertible 2 and a half years ago with 58000 miles on it it was in perfict shape but had a prev.salvaged title on it.i payed 7500.oo for it igot full coverage far it i totaled it 3 weeks ago and now the insurance comp.whan to give me 4200.00 for it.it has 78000 miles on it now and was still in perfict shape.i also put a coupple more thousand in it. they are paying half price but i payed full price premes i would not have had full coverage for a 4000 doller car they are trying to rip me off they should have resurged the title in the start in stead of just at the end i did not know any better what should i do?
Posted: Fri Dec 24, 2010 11:44 am Post Subject:
sorry to tell you, but $4200 sounds about right. I would accept that offer and move on.
the avg. nada value with 78k miles for your vehicle is roughly $6200. but since it's a salvaged title, that drops it 25% (making it worth $4650). then once you subtract your deductible from $4650, you are right in the ballpark of $4200. lylesinsurance.webs.com
Posted: Fri Dec 24, 2010 12:30 pm Post Subject:
Yeah, it seems right to me too!
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