re: Guy is an idiot

He needs to get a used toyota corolla for a few years. Like 5000 dollar one.

Looks like your niece needs a new boyfriend, this one has his head up his arse with that kind of valuation and decision-making

Ask yourself would you pay 14k for a 8 year old mid size truck w/ 140k miles on it in good condition?
So value is relative.
If it's 8 years old and he still owes 20k on it then he bought it used now add multiple owners.
Unfortunately for him he will get 14k
And this will be a life lesson. Drive better, Insurance companies suck, don't overpay for an automobile unless you are wealthy/ disposable income.

It may be worth $17k st the most.

If it's just body damage aka the motor, transmission, etc. are sound then withdraw the claim and pay to get it fixed himself.
If he doesn't have the money, then borrow from parents in a written agreement to pay them back.
And yea, better driving. Mistakes are costly and lead to poverty.
He should not have financed such an impractical vehicle in the first place.
Find a decent used car he can afford.
I'm old and retired and drive a old 2003 Chevy Cavalier that was paid for 20 years ago.

Kelly Blue Book says that vehicle in Good co Dorian is worth $10,200 - $13,500.

He needs to take the $14,000. Not the insurance fault that he still owes $20,000 on a $13,000 vehicle.

He's getting a good deal at 14k.

quote:

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He had a 2017 Chevy Colorado z71 with 140k miles. He is saying that his truck goes for like 23k.

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Your buddy is on drugs. $14k is an extremely generous offer for that truck.

Have him find local comps, pull up the value on trucar and provide it to the adjuster