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Message
1
Posted on 2/18/25 at 3:50 pm to Chalkywhite84
8 year old mid size truck with 140k miles is going for $23k?
Posted on 2/18/25 at 3:53 pm to Chalkywhite84
quote:
He had a 2017 Chevy Colorado z71 with 140k miles. He is saying that his truck goes for like 23k.
I doubt that.
I have the same truck with only 60k miles and I think it’s worth around 25/27.
Posted on 2/18/25 at 3:59 pm to Chalkywhite84
i read thru this thread last night for a bit before bedtime
this morning my wife totaled my Mazda CX-5 on her way into work
goddammit, it not only couldve been me, it fricking WAS me
this morning my wife totaled my Mazda CX-5 on her way into work
goddammit, it not only couldve been me, it fricking WAS me
Posted on 2/18/25 at 4:01 pm to FearlessFreep
She's unhurt?
Posted on 2/18/25 at 4:20 pm to N2cars
quote:oh yeah, went to the ER for a CT scan to be safe, neck’s a little stiff but otherwise fine
She's unhurt?
ironically that car had 102k miles on it and needed a couple of grand worth of front end work so we were thinking about replacing it soon anyway
our timeline just got accelerated
Posted on 2/18/25 at 4:34 pm to Chalkywhite84
quote:
My niece's boyfriend got into a wreck and the insurance company wants to total his car
Couldn’t ever imagine ever caring or being involved in this situation with a nieces boyfriend
Posted on 2/18/25 at 4:34 pm to Chalkywhite84
They are usually going to give him KBB on the truck.
Just ran the KBB on a 2017 Z71 LT, crew cab with standard options, white in color with 140k miles. Private party sales (higher than trade in value) was between 13,500-17,500.
I can't stand insurance companies, but they can only give you what your vehicle is worth. Not their fault he owes that much on a 8 year old vehicle.
Just ran the KBB on a 2017 Z71 LT, crew cab with standard options, white in color with 140k miles. Private party sales (higher than trade in value) was between 13,500-17,500.
I can't stand insurance companies, but they can only give you what your vehicle is worth. Not their fault he owes that much on a 8 year old vehicle.
Posted on 2/18/25 at 4:36 pm to FearlessFreep
You're a lucky man.
Cars are a dime a dozen, but wives are blessing.
Cars are a dime a dozen, but wives are blessing.
Posted on 2/18/25 at 4:37 pm to Motorboat
I think the OP said he didn't have it.
Posted on 2/18/25 at 4:43 pm to Chalkywhite84
He can provide the insurance company with comps he has researched himself. Usually, they will take that into consideration. If not, then the insurance company could be negotiating in bad faith.
Start there. Usually, the initial low ball offer is based on a trim package that is at the low end of the price point.
Start there. Usually, the initial low ball offer is based on a trim package that is at the low end of the price point.
Posted on 2/18/25 at 5:06 pm to jrodLSUke
Good advice.
I've done that a few times for folks.
Get their offer, and then ask them to add sales tax. They usually do it, but you have to ask.
In OP's case that's another grand or so.
The high miles is killing the value, so 14K is fair.
I've done that a few times for folks.
Get their offer, and then ask them to add sales tax. They usually do it, but you have to ask.
In OP's case that's another grand or so.
The high miles is killing the value, so 14K is fair.
Posted on 2/18/25 at 5:46 pm to Chalkywhite84
quote:
He is saying that his truck goes for like 23k.
It’s not 2021 anymore.
Posted on 2/18/25 at 5:51 pm to Chalkywhite84
KBB lists average retail for a Z71 crew Cab with every available option as $14,330
Posted on 2/18/25 at 6:03 pm to Chalkywhite84
quote:
2017 Chevy Colorado z71 with 140k miles...He still owes like 20k on the truck
If you keep helping him, he'll never learn.
Posted on 2/18/25 at 6:06 pm to Chalkywhite84
Go to Kelly blue book and see what they value the car as. If it's 24k then use that as leverage to negotiate the value of the car.
Posted on 2/18/25 at 6:24 pm to Chalkywhite84
1. Don’t trust the adjuster. Don’t be boxed in with Kelly and NADA. Use Edmunds et al.
2. Regional valuations in my opinion have no relevance. EBay Motors, Carvana, private online sales, the internet makes North America the market place.
3. Profile the vehicle and acknowledge the legitimate depreciations. Also where applicable add value for improvements.
-Shop the vehicle’s value online. Do a spreadsheet. Large samples are your friends.
-Kick out the ridiculously high and low values.
-Average the remainder.
-Submit that value to the adjuster and hold fast. Share the spreadsheet and the list of vehicles for sale used to generate it.
-The vehicle is worth way more than the insurer is offering.
2. Regional valuations in my opinion have no relevance. EBay Motors, Carvana, private online sales, the internet makes North America the market place.
3. Profile the vehicle and acknowledge the legitimate depreciations. Also where applicable add value for improvements.
-Shop the vehicle’s value online. Do a spreadsheet. Large samples are your friends.
-Kick out the ridiculously high and low values.
-Average the remainder.
-Submit that value to the adjuster and hold fast. Share the spreadsheet and the list of vehicles for sale used to generate it.
-The vehicle is worth way more than the insurer is offering.
Posted on 2/18/25 at 6:26 pm to Mr. Misanthrope
quote:
The vehicle is worth way more than the insurer is offering.
Not in this instance
Posted on 2/18/25 at 6:30 pm to Mr. Misanthrope
Im not seeing it...
They might be light 1-2k...
They might be light 1-2k...
Posted on 2/18/25 at 9:11 pm to N2cars
quote:
Im not seeing it...
They might be light 1-2k...
I revised my take after reading your post and stand corrected.
I checked his description again and did a quick crunch. His $23,000 value is based on vehicles with sub 100,000 miles. Like 60-80K. He’s at 140,000.
Not sure how clean his was, but their adjuster is only about $2000-2500 low at the outside.
I’d still fight them to the death for it. I always have.
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