My Car is DESTROYED
08-29-08, 10:22 AM
#76
tqlla3k,
I guess if the insurance company goes along with it, it is not fraud. They’ll just adjust the insured rates (and perhaps everyone's) next year accordingly, for they’re not in the business of loosing money.
As far as the extra nav screen, for the life of me, I wouldn’t know what to do with it. In my case I have an extended warranty so the original would be repaired or replaced as long as I own the car. When the warranty runs out in about seven years it’s time for a new Lexus. Sell it on EBay? I wouldn’t bother. But perhaps it would make a good garage paper weight.
I guess if the insurance company goes along with it, it is not fraud. They’ll just adjust the insured rates (and perhaps everyone's) next year accordingly, for they’re not in the business of loosing money.
As far as the extra nav screen, for the life of me, I wouldn’t know what to do with it. In my case I have an extended warranty so the original would be repaired or replaced as long as I own the car. When the warranty runs out in about seven years it’s time for a new Lexus. Sell it on EBay? I wouldn’t bother. But perhaps it would make a good garage paper weight.
im sorry at least ur good but u cant take the car back
08-29-08, 11:52 AM
#78
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Guys, thanks for the kind words. Initial estimate came in at 21K to fix. It is probably going to be more. They are looking at around $30K before they total it because they are valueing my car at around $38K. If it comes in at around $27 or $28K to fix it, I will remind them that I will require diminished value and plus renting a car which should push it over the edge.
Last edited by is350matic; 10-09-08 at 09:46 PM.
08-29-08, 12:54 PM
#79
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DUDE THAT SUCKS..
The car would need alot of work as time goes on..
More and more problems would pop up.
Atleast your ok..
Take what every you can and sell it..if its totaled
The car would need alot of work as time goes on..
More and more problems would pop up.
Atleast your ok..
Take what every you can and sell it..if its totaled
08-29-08, 05:21 PM
#80
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Good luck with that. It's gonna be tough to get enough diminished value to push it over the edge, but you're an engineer and knowing engineers, I've got faith you'll find enough documentation to get them to total it. I estimate only about $1000 in rental charges (they're not gonna give you a Lexus to rent).
10-05-08, 08:07 AM
#81
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Spoke to soon, not TOTALED
First of all, I would like to thank everyone for their kind words and also would like to apologize for not replying on any pm. I was busy at work (the accident happened the day I survive a layoff where about half of the engineering department got let go), and I was also bumb when they (my own insurance) that they will fix the car. The estimate came in at around 24K.
I'm feeling well now, especially after looking at the car at the shop. The damage did not hit the engine. Basically, any structures from the firewall up is getting replaced. The interior will almost be brand new, the only originals will be door panels, back seat and center console; the rest get replaced because all the airbags (including the sides one), seat belts (fronts and backs) and the front seats are getting replaced. The interior was gotted due tot the fix they have to do at the front. The front frame member is getting replaced at OEM location, at the firewall. The shop is fairly decent, they fix mostly high end cars. When I was there, they were fixing a ferrari and a bently.
I went thru my insurance (Allstate) since I did not want to wait for the other insurnace (USAA) to determine who is at fault. In AZ, insurance have 30 days from the time of the accident to determine who's at fault. It took USAA three weeks to determine their client is at fault but they threw me curve ball. Their property damage limits is around 25K, they could not say since the other driver did not relase it to me. This included fixing the car; car rental; my deductable reimbursement (since I went thru my insurance first); and diminished value (DV) claim. This would have severly limited my DV claim but Allstate steped up, they told USAA to pay me in full for what ever the DV would be; and Allstate will pay for any difference in fixing the car. My insurance is not going to go up since I have accident forgiveness plan and it was not my fault.
My question is how much DV claim should I file. The car value is around $35.5K (with tax is $38K-39K). I was looking at the KBB for trade-in and it was at $29K and private sale for $$32.5K. I was told the car whole sale value after the fix is $18-$19K. I was told DV is the difference between trade-in and whole sale; that would make it $15K - $10K. I'm thinking of filing for the max, $15K, what you guys think? I already got my personal injury caim.
If the car is fixed properly, which it look like it will, I will keep the car.
I'm feeling well now, especially after looking at the car at the shop. The damage did not hit the engine. Basically, any structures from the firewall up is getting replaced. The interior will almost be brand new, the only originals will be door panels, back seat and center console; the rest get replaced because all the airbags (including the sides one), seat belts (fronts and backs) and the front seats are getting replaced. The interior was gotted due tot the fix they have to do at the front. The front frame member is getting replaced at OEM location, at the firewall. The shop is fairly decent, they fix mostly high end cars. When I was there, they were fixing a ferrari and a bently.
I went thru my insurance (Allstate) since I did not want to wait for the other insurnace (USAA) to determine who is at fault. In AZ, insurance have 30 days from the time of the accident to determine who's at fault. It took USAA three weeks to determine their client is at fault but they threw me curve ball. Their property damage limits is around 25K, they could not say since the other driver did not relase it to me. This included fixing the car; car rental; my deductable reimbursement (since I went thru my insurance first); and diminished value (DV) claim. This would have severly limited my DV claim but Allstate steped up, they told USAA to pay me in full for what ever the DV would be; and Allstate will pay for any difference in fixing the car. My insurance is not going to go up since I have accident forgiveness plan and it was not my fault.
My question is how much DV claim should I file. The car value is around $35.5K (with tax is $38K-39K). I was looking at the KBB for trade-in and it was at $29K and private sale for $$32.5K. I was told the car whole sale value after the fix is $18-$19K. I was told DV is the difference between trade-in and whole sale; that would make it $15K - $10K. I'm thinking of filing for the max, $15K, what you guys think? I already got my personal injury caim.
If the car is fixed properly, which it look like it will, I will keep the car.
Last edited by is350matic; 10-05-08 at 07:51 PM.
10-05-08, 11:02 AM
#83
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Teach This Fool
10-06-08, 03:23 AM
#86
Hahahaha, you think they are going to get him an 09... when he had an 06?
The NAV+ML option costs $4000... how much is it worth on a used car? Here is a hint... $700. Its worthwhile to get those parts if you can(without having to buy the car back)
If you dont want to tell them that you installed it yourself... then just tell them you want it back for XYZ reason. It doesnt matter what the reason is.
The NAV+ML option costs $4000... how much is it worth on a used car? Here is a hint... $700. Its worthwhile to get those parts if you can(without having to buy the car back)
If you dont want to tell them that you installed it yourself... then just tell them you want it back for XYZ reason. It doesnt matter what the reason is.
10-06-08, 01:36 PM
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Your car should be totaled based on the pics i see. 45mph would cause major damage.
1. If there is frame damage which there is a 95% chance
2. Front bumber, front fender, hood, headlights, fog lights
Right there your over $5000 in parts and we havent even started talking about frame damage or painting.
I totaled my 1IS and it never drove the same. Dont take the car back !!
If you financed the car i hope you have GAP insurance.
10-06-08, 01:44 PM
#88
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First of all, I would like to thank everyone for their kind words and also would like to apologize for not replying on any pm. I was busy at work (the accident happened the day I survive a layoff where about half of the engineering department got let go), and I was also bumb when they (my own insurance) that they will fix the car. The estimate came in at around 24K.
I'm feeling well now, especially after looking at the car at the shop. The damage did not hit the engine. Basically, any structures from the firewall up is getting replaced. The interior will almost be brand new, the only originals will be door panels, back seat and center console; the rest get replaced because all the airbags (including the sides one), seat belts (fronts and backs) and the front seats are getting replaced. The interior was gotted due tot the fix they have to do at the front. The front frame member is getting replaced at OEM location, at the firewall. The shop is fairly decent, they fix mostly high end cars. When I was there, they were fixing a ferrari and a bently.
I went thru my insurance (Allstate) since I did not want to wait for the other insurnace (USAA) to determine who is at fault. In AZ, insurance have 30 days from the time of the accident to determine who's at fault. It took USAA three weeks to determine their client is at fault but they threw me curve ball. Their property damage limits is around 25K, they could not say since the other driver did not relase it to me. This included fixing the car; car rental; my deductable reimbursement (since I went thru my insurance first); and diminished value (DV) claim. This would have severly limited my DV claim but Allstate steped up, they told USAA to pay me in full for what ever the DV would be; and Allstate will pay for any difference in fixing the car. My insurance is not going to go up since I have accident forgiveness plan and it was not my fault.
My question is how much DV claim should I file. The car value is around $35.5K (with tax is $38K-39K). I was looking at the KBB for trade-in and it was at $29K and private sale for $$32.5K. I was told the car whole sale value after the fix is $18-$19K. I was told DV is the difference between trade-in and whole sale; that would make it $15K - $10K. I'm thinking of filing for the max, $15K, what you guys think? I already got my personal injury caim.
If the car is fixed properly, which it look like it will, I will keep the car.
I'm feeling well now, especially after looking at the car at the shop. The damage did not hit the engine. Basically, any structures from the firewall up is getting replaced. The interior will almost be brand new, the only originals will be door panels, back seat and center console; the rest get replaced because all the airbags (including the sides one), seat belts (fronts and backs) and the front seats are getting replaced. The interior was gotted due tot the fix they have to do at the front. The front frame member is getting replaced at OEM location, at the firewall. The shop is fairly decent, they fix mostly high end cars. When I was there, they were fixing a ferrari and a bently.
I went thru my insurance (Allstate) since I did not want to wait for the other insurnace (USAA) to determine who is at fault. In AZ, insurance have 30 days from the time of the accident to determine who's at fault. It took USAA three weeks to determine their client is at fault but they threw me curve ball. Their property damage limits is around 25K, they could not say since the other driver did not relase it to me. This included fixing the car; car rental; my deductable reimbursement (since I went thru my insurance first); and diminished value (DV) claim. This would have severly limited my DV claim but Allstate steped up, they told USAA to pay me in full for what ever the DV would be; and Allstate will pay for any difference in fixing the car. My insurance is not going to go up since I have accident forgiveness plan and it was not my fault.
My question is how much DV claim should I file. The car value is around $35.5K (with tax is $38K-39K). I was looking at the KBB for trade-in and it was at $29K and private sale for $$32.5K. I was told the car whole sale value after the fix is $18-$19K. I was told DV is the difference between trade-in and whole sale; that would make it $15K - $10K. I'm thinking of filing for the max, $15K, what you guys think? I already got my personal injury caim.
If the car is fixed properly, which it look like it will, I will keep the car.
THEN SUE HIS A$$!!!
10-06-08, 02:53 PM
#89
Lexus Champion
Glad to hear that your ok!
Your car should be totaled based on the pics i see. 45mph would cause major damage.
1. If there is frame damage which there is a 95% chance
2. Front bumber, front fender, hood, headlights, fog lights
Right there your over $5000 in parts and we havent even started talking about frame damage or painting.
I totaled my 1IS and it never drove the same. Dont take the car back !!
If you financed the car i hope you have GAP insurance.
Your car should be totaled based on the pics i see. 45mph would cause major damage.
1. If there is frame damage which there is a 95% chance
2. Front bumber, front fender, hood, headlights, fog lights
Right there your over $5000 in parts and we havent even started talking about frame damage or painting.
I totaled my 1IS and it never drove the same. Dont take the car back !!
If you financed the car i hope you have GAP insurance.
I had an accident last spring--swerved away from an oncoming car in my lane, and hit a 12" high curb. No frame damage, just front bumper, grille, reservior, ONE headlight, and some other stuff. No tire damage, no hood damage, no side fenders. They even could re-use the headlamp washers. Final cost: $9,500.
Diminshed value will be a problem. If your state doesn't have a formula for it (Penna did not, when I made my claim), your own insurance company may not cover it--check you policy. That would be something you'd have to sue the other driver for.
