daughter was in a accident, how does totaling a car work? UPDATE

Discussion in 'The Garage' started by OutHouse, Jan 23, 2013.

  1. jaedaliu

    jaedaliu Platinum Member

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    wow, I'll bet nobody was expecting that to be the cause of the accident. Good advice in this thread. Don't feel obligated to accept the initial offer from the insurance company if it isn't fair.
     
  2. Sluggo

    Sluggo Lifer

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    I never said I knew what happened, some other posters here made some assumptions from facts they pulled out of their ass.
     
  3. EagleKeeper

    EagleKeeper Discussion Club Moderator<br>Elite Member
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    If the vehicle is to be totaled; they will ask for the title to be delivered to the insurance adjuster.

    The title will indicate that there is a lien.
    The adjuster will contact the lien holder for the payoff.

    Given that the OP is in Colorado, I have been through this.

    Also, it is not advisable to promote fraud :thumbsdown:
     
  4. amdhunter

    amdhunter Lifer

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    It's not fraud. When my sister totalled her Explorer, she got more than was even financed. Same thing with a friend of mine and his Mazda 6, he beat the price by $200.
     
  5. kitatech

    kitatech Senior member

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    OP....If you've done any major repairs/maintenance in the past year, provide the claims adjuster the invoices to justify the highest possible value of the car...

    When my Altima was totaled I was told that I would receive 80% of the retail value of the car...but in fact I got more, considering it had 195k miles, because I provided documentation of $2000 in repairs for the year prior to the accident....I got retail value for a 1999 Altima (with 195k miles it was VERY low) + $1000...
     
  6. hans007

    hans007 Lifer

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    i dont get wh you'd think it was fraud.

    the amount owed on a car, isnt necessarily its fair market value. they will pay you what it will cost to get another of that car, not what you owe on it.
     
  7. OutHouse

    OutHouse Lifer

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    ^ for update
     
  8. iamwiz82

    iamwiz82 Lifer

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    I'd be (relatively, all things considered) happy with that.
     
  9. OutHouse

    OutHouse Lifer

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    I am, they didnt low ball me or were assholes.
     
  10. satyajitmenon

    satyajitmenon Golden Member

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    Err, are those numbers right? Cos 8100-1200-500-500+400+50-5100= 1250

    :hmm:
     
  11. michal1980

    michal1980 Diamond Member

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    why are you getting your daughter a 15 year old car with nearly 300k miles on it? Honda or not, its old, and by todays standards un safe.

    Shouldn't you be looking at cars around 7 grand? The previous car had a loan, why the sudden change?
     
  12. PhoKingGuy

    PhoKingGuy Diamond Member

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    I'll never get why people buy their kids shit unsafe cars. Hell shes safe because the first one wasnt so bad.
     
  13. sze5003

    sze5003 Lifer

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    Here in pa, If the damage to the car is about 60% of what its worth they total it. And usually insurance will pay the lowest they can. So my guess is nada value instead of kbb or whichever is lower.

    Good thing she is safe. Hell my dad one time bought me a 98 3000 gt that had 117k miles on it. This was in 2004 I think. I drove it and sold it with 202k miles on it.
    I would see if you have any friends that go to auctions. You can pick up a nice Honda accord for 5-7k with a lot less mileage. It won't be new but it will be at least somewhat modern.

    This is why I hate owing on a car. If I had more money I would pay more to have the amount payed off faster as I drive a lot and I'm assuming 3-4 years from now my car will have a lot of mileage.
     
  14. Charles Kozierok

    Charles Kozierok Elite Member

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    That is scary shit. Glad she is okay, that's all that really matters.

    All the comments people are making about costs and insurance really ring true. My wife and I share a single vehicle. We both work from home, so we can get away with it, but it is often inconvenient. Still, it saves a ton of money, and on the odd occasion when we really need two cars, we rent one or take a cab.

    Our oldest son showed little interest in driving when he turned 16 and we didn't push him. I'll be perfectly happy if none of my kids get behind the wheel until they are in their mid-20s... the rental places pick 25 for a reason.
     
  15. T2urtle

    T2urtle Diamond Member

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    U would not opt to get any car with 275k. Hell I might decline it if it was free. Possible items to replace could be more then total car worth.

    I like the idea of not having another loan but that car isn't right for her.
     
  16. michal1980

    michal1980 Diamond Member

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    i'd take it for free. to lemons it.
     
  17. Railgun

    Railgun Golden Member

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    They pick 25 as its assumed that there's some driving experience under their belt. Just because you're older doesn't automatically mean you're better at something.

    That's not the right mind set IMHO. Instead of not giving them time behind the wheel, when they DO need to drive, they'll be clueless.
     
  18. OutHouse

    OutHouse Lifer

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    becuse i dont want anymore debt under my name.


    You make it sound like the Honda is a death trap pinto or something. there is nothing wrong with driving a old car. and whats makes it unsafe in todays standards?
     
    #43 OutHouse, Jan 25, 2013
    Last edited: Jan 25, 2013
  19. OutHouse

    OutHouse Lifer

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    i guess you glazed over this part of my update?

     
  20. mvbighead

    mvbighead Diamond Member

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    That's logical an all, but 275k miles is just going to be a lot of work, I would figure. Debt or not, you're going to be paying far more than that in the long run.

    Personally, I would think you could find something suitable for 2000-3000 with half the miles, but maybe that's just me.
     
  21. michal1980

    michal1980 Diamond Member

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    but its a honda. duh.

    theres a point where being cheap starts to equal being stupid.
     
  22. T2urtle

    T2urtle Diamond Member

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    I was trying to steer him into this point as well.

    Most used cars i've seen on CL, in person, or something that my friends buy and ask me to take a quick overview. These are the CHEAP end cars, something like a 275k civc, the 279k 98 ES300 i was looking at.

    Normally will need least 2 tires ($50 each), timing belt job if it has one ($250-500). Brake job ($100) and w/e wear and tear items like tie rods, window motors, suspension work but all those you can just avoid (well not the tie rod).

    You have a good amount of money from state farm, give your daughter a gift of $2000, so you have $4k for something like 03 focus, 05 altima or something with 125k. I think it will pay itself off in the end. PLUS nothing will be in your name and etc. She has a better base car.

    I recently looked at 279k lexus and well... only way i would own it is if I was the one that drive from 150k to 279k so i know the history of it. That is worth more then anything else. While many cars cant go above 150-200k with little to no work, i just dont see many making it to 300k (unless its a diesel or truck).
     
  23. michal1980

    michal1980 Diamond Member

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    For example, theres only one model of civic that had abs brakes back then. geuss what, its not the DX.

    only one set of front airbags.

    suspension thats has hundreds of thousands of miles on it. brake lines with all those miles, brakes with all those miles.

    penny wise, pound foolish.
     
  24. Ferzerp

    Ferzerp Diamond Member

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    You talk about insurance, etc.

    Check your state law and if you can, title the car in her name (you don't state her age that I could find) and have her get her own insurance (even if from the same company). Having it all in your name, opens you up to liability for her accidents in certain states.

    I only bring this up, since you're replacing the car for her, you may be planning on having it in your name.

    I'm not giving advice on what to do other than suggest you look in to how your state handles such things. I know in mine, it is beneficial for the parent to keep their name off both the title and the insurance policy if possible.
     
  25. natto fire

    natto fire Diamond Member

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    You would suggest suing someone you just ran into with your car? Classy.

    OP: Sounds like things worked out, sans the possible rate increase.