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Member
Posts: 47,837
Joined: Mar 21 2006
Gold: 0.33
Oct 8 2014 06:39pm
I totaled my 1998 Toyota Corolla about 2 weeks ago and Farmers insurance is saying that the car is worth 3,100. I've put $600 into repairs and parts into this car within the last two months before I crashed it and submitted all the receipts to prove it.(This has not been accounted for in what they offered me yet.)

I'm looking on Craigslist to see what other people are trying to sell theirs for and the ones I've seen that private sellers are trying to get 3,000+ for have ~150k-200k miles on them and many of them are salvaged titled mine only has 111k on it and had a clean title at the time of the crash. The only ones I can find that came really close in miles are from dealerships and their price tags are anywhere from 4000-5500 but dealerships tend to overprice the shit out of anything so I don't know if they're giving me a decent offer or not. KBB values the car at about 2,000 but Corollas are always desired and retain a much higher value than KBB's estimates.

I'd post links of similar cars to mine to show the prices but I don't know if I can get suspended for doing it so I'd rather not.

Here's their layout in how they came up with their offer:
Base Value: $3,097.00
Less Unrepaired Prior Damage: - $67.75
Actual Cash Value: $3,029.25
Sales Tax: + $242.34
License / Transfer Fees: + $112.00
Less Deductible: - $1,000.00
Total Amount: $2,383.59

Do you think this is fair or should I fight it?
Member
Posts: 17,247
Joined: Oct 19 2007
Gold: 484.02
Oct 8 2014 06:42pm
Quote (infinity. @ Oct 8 2014 07:39pm)
I totaled my 1998 Toyota Corolla about 2 weeks ago and Farmers insurance is saying that the car is worth 3,100. I've put $600 into repairs and parts into this car within the last two months before I crashed it and submitted all the receipts to prove it.(This has not been accounted for in what they offered me yet.)

I'm looking on Craigslist to see what other people are trying to sell theirs for and the ones I've seen that private sellers are trying to get 3,000+ for have ~150k-200k miles on them and many of them are salvaged titled mine only has 111k on it and had a clean title at the time of the crash. The only ones I can find that came really close in miles are from dealerships and their price tags are anywhere from 4000-5500 but dealerships tend to overprice the shit out of anything so I don't know if they're giving me a decent offer or not. KBB values the car at about 2,000 but Corollas are always desired and retain a much higher value than KBB's estimates.

I'd post links of similar cars to mine to show the prices but I don't know if I can get suspended for doing it so I'd rather not.

Here's their layout in how they came up with their offer:
Base Value: $3,097.00
Less Unrepaired Prior Damage: - $67.75
Actual Cash Value: $3,029.25
Sales Tax: + $242.34
License / Transfer Fees: + $112.00
Less Deductible: - $1,000.00
Total Amount: $2,383.59

Do you think this is fair or should I fight it?


You can't hope to get much more. It may not be worth fighting over it. Nada clean trade in value would be a good number to shoot for imo.
Member
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Joined: Sep 22 2007
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Oct 8 2014 06:46pm
Quote (infinity. @ Oct 8 2014 07:39pm)
I've seen that private sellers are trying to get 3,000+ for have ~150k-200k miles on them and many of them are salvaged titled


da fuk where do you live? That's really high...
Member
Posts: 25,041
Joined: Jan 16 2008
Gold: 0.70
Oct 8 2014 06:52pm
3100 fora 90s corolla I would take the money and run
Member
Posts: 11,713
Joined: Nov 25 2012
Gold: 1.00
Oct 8 2014 06:58pm
Quote (Thomadinn @ Oct 8 2014 07:46pm)
da fuk where do you live? That's really high...


This.....

For 3k I would expect to be able to eat off the floors and under 100k with all inspections done and certified
Member
Posts: 47,837
Joined: Mar 21 2006
Gold: 0.33
Oct 8 2014 07:01pm
Quote (Thomadinn @ Oct 8 2014 05:46pm)
da fuk where do you live? That's really high...


The High Desert in California. These cars are highly desired where I live for people who commute because tons of people work 'Down the hill' which can be anywhere from a 45 minute to hour and 30 minute drive.

Just for reference 1998-2002 Corollas are all the same model type.
Here's a couple examples from private sellers:

2001 Corolla
Clean title
200k miles on it
Guy wants 3300

1999
Clean
175k
4000

2000
Clean
142k
3400

1999
Clean
179k
2900

1998
Salvage(Doesn't state reason for this)
68k
3900

And here are some dealerships prices:
2000
Clean
115k
4,000

2000
Clean
115k
5,000

2001
Clean
110k
5,500

This post was edited by infinity. on Oct 8 2014 07:05pm
Member
Posts: 17,247
Joined: Oct 19 2007
Gold: 484.02
Oct 8 2014 07:03pm
Good DDs pretty much bottom out at 3k around here. Anything cheaper than that usually has multiple problems.
Member
Posts: 25,041
Joined: Jan 16 2008
Gold: 0.70
Oct 8 2014 07:07pm
Quote (infinity. @ Oct 8 2014 08:01pm)
The High Desert in California. These cars are highly desired where I live for people who commute because tons of people work 'Down the hill' which can be anywhere from a 45 minute to hour and 30 minute drive.

Just for reference 1998-2002 Corollas are all the same model type.
Here's a couple examples from private sellers:

2001 Corolla
Clean title
200k miles on it
Guy wants 3300

1999
Clean
175k
4000

2000
Clean
142k
3400

1999
Clean
179k
2900

1998
Salvage(Doesn't state reason for this)
68k
3900

And here are some dealerships prices:
2000
Clean
115k
4,000

2000
Clean
115k
5,000

2001
Clean
110k
5,500


I use to live right there im sorry for you
Member
Posts: 24,721
Joined: Sep 22 2007
Gold: 1,630.00
Oct 8 2014 09:13pm
Quote (FMX_89 @ Oct 8 2014 08:03pm)
Good DDs pretty much bottom out at 3k around here.  Anything cheaper than that usually has multiple problems.


lol wut give me $1500 and I'll find a car with no rust that can be driven for the next 3 years without problems and only regular maintenance.

edit: and by that I mean a generic 4 door commuter car

This post was edited by Thomadinn on Oct 8 2014 09:14pm
Member
Posts: 30,857
Joined: Oct 28 2006
Gold: 2,096.00
Oct 9 2014 05:44am
Quote (infinity. @ Oct 8 2014 06:01pm)
The High Desert in California. These cars are highly desired where I live for people who commute because tons of people work 'Down the hill' which can be anywhere from a 45 minute to hour and 30 minute drive.

Just for reference 1998-2002 Corollas are all the same model type.
Here's a couple examples from private sellers:

2001 Corolla
Clean title
200k miles on it
Guy wants 3300

1999
Clean
175k
4000

2000
Clean
142k
3400

1999
Clean
179k
2900

1998
Salvage(Doesn't state reason for this)
68k
3900

And here are some dealerships prices:
2000
Clean
115k
4,000

2000
Clean
115k
5,000

2001
Clean
110k
5,500


Whoa, i live in San Bernardino aka "down the hill" and yeah car shipping for corolla and civic over here is never close to the actual kbb
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