Proving market value of an SVX? omg help!

SuBrat84 · #1 07-24-2006, 03:57 PM

So... it's official. The SVX is totaled

They are trying to give me ONLY $2600 for it!!!! I mean, granted it has 200k on the odo.. but that is what I would expect to hear if it was a LEGACY or something common!!! PLEASE Help me prove "market value" to my insurance company!!! They are saying it has to be with-in 100 miles of where I live too!!!! I'm soo frustrated by this! PLEASE HELP!!!

Earthworm · #2 07-24-2006, 04:42 PM

Sounds like something Dayle might be able to help with.

Manarius · #3 07-24-2006, 04:53 PM

200k miles....2600 is all it's worth; if not less. You can't honestly expect that a car with that many miles is worth more than that.

Insurance companies don't account for sentimental value.

SuBrat84 · #4 07-24-2006, 05:14 PM

I already talked to Dayle.. he gave a couple pointers, but doesn't really have much documentation he can help me with.
Funny comment about sentimental value.. because when I bought the car ~22k miles ago the bank seemed to think it was worth ~6,000 and was more than happy to give me a loan for $5000 for it. Amazing a car would depriciate 60% of its value in 22k miles.

I could understand it being worth $2600 in the condition it's in NOW. All "totaled" and all. and it's funny.. because they are all over auto trader right now with ~170-180k going for ~$5000 and they're 92s! Just none with-in 100 miles of me.

SuBrat84 · #5 07-24-2006, 06:56 PM

in addition:
when I bought it in Sep '05 with 185k on it the bank and KBB was perfectly happy with it being valued at 3,775/6,625 (1,225 depriciation for mileage) and my bank and KBB is perfectly happy backing me up that with 207,000 miles my car is worth 3,625/6,475 (1,375 dep. for mileage) that being wholesale/retail ... now the insurance company is saying WITH $1000 depriciation for mileage they only want to give me 2,600. ??????????????????????????????? Dead center of wholesale/retail WITH 207,000 miles is 5,050. SO WTF YOU GOT TO SAY NOW!

Manarius · #6 07-24-2006, 07:05 PM

Quote:

Originally Posted by SuBrat84

in addition:
when I bought it in Sep '05 with 185k on it the bank and KBB was perfectly happy with it being valued at 3,775/6,625 (1,225 depriciation for mileage) and my bank and KBB is perfectly happy backing me up that with 207,000 miles my car is worth 3,625/6,475 (1,375 dep. for mileage) that being wholesale/retail ... now the insurance company is saying WITH $1000 depriciation for mileage they only want to give me 2,600. ??????????????????????????????? Dead center of wholesale/retail WITH 207,000 miles is 5,050. SO WTF YOU GOT TO SAY NOW!

KBB doesn't take into account mileage. I ran my car with 100k and with 150k and there was no change. The car has more than 200k miles! You HAVE to take that into consideration!

Matthewmongan · #7 07-25-2006, 01:26 PM

Quote:

Originally Posted by SuBrat84

SO WTF YOU GOT TO SAY NOW!

i would love to say that to an insurence company.

or the dmv.

or the cop who pulled me over for doing a burnout.

but when i bought the car i was fully aware that the resale value would be nill. unfortunately, the lack of abundance does not help declairing it a collecters item. the fact that you cant find one for sale in the 100 mile radius only proves that the car is not popular in your area demographic, thus reducing it's value.