Total Loss!!
08-05-2006, 11:33 PM
#26
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Originally Posted by atl8
I don't know much about the resale of RX-8's in Atlanta, but I did just total my '04 about 7-8 weeks ago. State Farm used the NADA value as a basis for payoff, afer which I haggled some extra out of them over the CD changer and appearance package stuff that was on the car. Mine had a few more miles than yours (37500) and they gave me 24,750 for it. That and I was allowed to go to the wrecking yard and pull off everything I could from the car, which netted me about another $1500 at least.
08-05-2006, 11:35 PM
#27
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Originally Posted by msrecant
Bad news: The insurance company doesn't care about what you owe on the car unless you purchase gap insurance.
Good news: The insurance should pay the current "retail" price (not private purchase or trade-in price) for a comparable RX-8. Used '04 GT MTs typically price out between $22,000 and $25,000, so you should be whole. Hopefully you still have the receipts for the mods which you can pass on to the insurance adjustor.
Good news: The insurance should pay the current "retail" price (not private purchase or trade-in price) for a comparable RX-8. Used '04 GT MTs typically price out between $22,000 and $25,000, so you should be whole. Hopefully you still have the receipts for the mods which you can pass on to the insurance adjustor.
08-06-2006, 12:33 AM
#28
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Originally Posted by Clavius
Erm.. how come I'm hearing more and more about airbags not deploying durring accidents when they should be?... or is this just me ><!
Altbaby, look into a lawyer if you havent already, not to sue but to rather CYA if you know what I mean. My chiropractor told me bluntly "Even after your done with me you'll still feel the pain for well over a year" for my injury atleast. As someone said you might want to contact your Mazda Dealership and tell them you where in a Major Accident and your car is a lost AND the airbags didnt deploy at all!! Oh and take tons of pictures at every angle, I must of taken over 30 photo's of my totaled trucks front.
Altbaby, look into a lawyer if you havent already, not to sue but to rather CYA if you know what I mean. My chiropractor told me bluntly "Even after your done with me you'll still feel the pain for well over a year" for my injury atleast. As someone said you might want to contact your Mazda Dealership and tell them you where in a Major Accident and your car is a lost AND the airbags didnt deploy at all!! Oh and take tons of pictures at every angle, I must of taken over 30 photo's of my totaled trucks front.
08-06-2006, 01:51 AM
#29
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36k miles for an 04 thats a lot, i got mines and only have 14,000 now. infinity was givin me 24 at most for mines in here in NY and they where "doin me a favor"
08-07-2006, 01:58 PM
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I had a 2004 GT totaled due to a garage fire. Car was absolutely mint with $10k miles and $3K in aftermarket addons. Got $25,200 plus sales tax in 12/2005 on the total loss and the ins co would not budge. No provision for aftermarket mods at all (called them preference items). I filed a complaint with NYS Ins Dept and got no satisfaction.
They used an average of the NADA Blue Book retail (at something over $27k that I thought was reasonable) and a Red Book value that was under $24k. What pissed me off the most was that the Red Book is not something accessilble to consumers - basically a subscription valuation guide for insurance co's that want to rip off the policyholders.
Good luck.
They used an average of the NADA Blue Book retail (at something over $27k that I thought was reasonable) and a Red Book value that was under $24k. What pissed me off the most was that the Red Book is not something accessilble to consumers - basically a subscription valuation guide for insurance co's that want to rip off the policyholders.
Good luck.
08-07-2006, 02:17 PM
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Actually $25,200 is not a bad retail price for a low mileage '04 GT back around the first of the year. I can understand the aftermarket mods not being covered (I assume there is specific language in your Auto policy about not covering this).
Did you try getting the $3K in mods covered under your homeowner's policy? They were part of the house contents lost in the garage fire.
Did you try getting the $3K in mods covered under your homeowner's policy? They were part of the house contents lost in the garage fire.
08-07-2006, 02:52 PM
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Originally Posted by Aseras
when you go to court ask for a summary judgement against her.. then you can hunt her down and garner her wages and freeze and seize any of her bank accounts.
And this sounds preachy, but you should always put down enough on a car that you're not going to be upside down on it- even if you've got GAP insurance, what happens when your car up and dies and you still owe $5k on it? Everyone hopes that won't happen, but it does, a lot. Insurance isn't going to cover that, and you'll be stuck with $5k in payments, and no car.
08-08-2006, 08:39 AM
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21k sounds like a very good deal for an 04, given that until about a month ago people were walking off lots with brand-new '05s for 22-25k. Forget about the mods - just see if you can persuade the insurance co / wrecking yard to let you have some time alone with the car to remove the pieces, so you can attach them to your new 8 
08-08-2006, 09:05 AM
#35
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Damn, $25k for a used 04? That sounds like a blessing to me, considering i just got a new 05 GT for less than that (before tax, titles, fees, and wheel warranties).
08-09-2006, 03:33 PM
#36
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WOO HOO!!! I just got off the phone with allstate and the are going to settle for 24,800 that is tax included and that is 4k over payoff.......That means i can get me another 8 and have 4k to spend........ 
08-09-2006, 03:35 PM
#37
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Originally Posted by Senna
Not so sure...didn't hyogen just get a 2006 Touring for 24K?
08-11-2006, 12:54 AM
#40
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Originally Posted by Elara
That may be your only recourse if your insurance doesn't give you enough to cover the car. Though it sounds like it may cover it, so you'll be okay.
And this sounds preachy, but you should always put down enough on a car that you're not going to be upside down on it- even if you've got GAP insurance, what happens when your car up and dies and you still owe $5k on it? Everyone hopes that won't happen, but it does, a lot. Insurance isn't going to cover that, and you'll be stuck with $5k in payments, and no car.
And this sounds preachy, but you should always put down enough on a car that you're not going to be upside down on it- even if you've got GAP insurance, what happens when your car up and dies and you still owe $5k on it? Everyone hopes that won't happen, but it does, a lot. Insurance isn't going to cover that, and you'll be stuck with $5k in payments, and no car.
Right now I owe $7 more than my car is valued at, at least according to the credit union I got my loan through.
08-11-2006, 10:16 PM
#41
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You know i had no problems out of my 04 i bought as a dealer demo and it had roughly 11k miles on it and i only payed 21,500 for it......never flooded it no hard start problems,i mean i took the car in every time i got a tsb but that is about it other than the two sets ot tail light that filled up with water....all in all i am very satisfied with the 04 i thought it was great for a first year car and would have another one....althouth this time i am lookin for a car that is already built,wheels,kit,turbo...ect.
Originally Posted by Fuel4theFury
congrats man, so you thinking of being smart and getting a new 05 than an 06?
08-14-2006, 12:11 PM
#42
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Originally Posted by msrecant
Actually $25,200 is not a bad retail price for a low mileage '04 GT back around the first of the year. I can understand the aftermarket mods not being covered (I assume there is specific language in your Auto policy about not covering this).
Did you try getting the $3K in mods covered under your homeowner's policy? They were part of the house contents lost in the garage fire.
Did you try getting the $3K in mods covered under your homeowner's policy? They were part of the house contents lost in the garage fire.
They did agree to cover my car cover as it was outside the vehicle!
I discussed with another insurance agent and an attorney who both advised SOP.
I didn't think it was that bad, just really didn't like the use of Red Book at a value so far below other valuation guides for retail values.
Thx
08-14-2006, 12:49 PM
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Originally Posted by TJLack
Tried to go down that road. Advised vehicles and their contents are exclusions from homeowners coverage
So if my garage burns, afterwards I need to go into the wreckage of my 8 and pull out what is left of the Ipod, laptop, cell phone, GPS, etc. and lean them up against the outside of the car like I was intending to take them inside but forgot about them.
08-14-2006, 02:02 PM
#45
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Sorry that was supposed to be 20500, i had a high intrest rate because of debet to income ratio....any how i mad out good and i am lookin to replace the car soon, i owe about eight months on my truck and may pay it off before i replace my 8..
Originally Posted by mac11
you only paid 21,500 for the car, youve had it for a year, and your payoff is 21520? How does that work out?
And you got an extra 4Grand from the ins company that is a sweet little down payment on a new car they just handed you.
And you got an extra 4Grand from the ins company that is a sweet little down payment on a new car they just handed you.
08-14-2006, 02:05 PM
#46
Originally Posted by atlbaby
Sorry that was supposed to be 20500, i had a high intrest rate because of debet to income ratio....any how i mad out good and i am lookin to replace the car soon, i owe about eight months on my truck and may pay it off before i replace my 8..i love the way credit works...those who need it the most cat get it, and if you do you bleed on your financing rate...those that can show they have money and dont really need it can get it no sweat. what a scam.
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