totaled camry price

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Old 08 Feb 2006, 08:12 pm   #1 (permalink)
m.manish@gmail.com
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Default totaled camry price

My insurance company is offering me $4900 for my totaled 1996 toyota
camry LE (92k miles). When I looked up camrys in my area on various
auto websites I found that similar milage cars of same year are being
sold by dealers at atleast $6000. However, the retail value suggested
by various "books" are as follows:

KBB = $6,375 excellent
edmunds = $5,164 clean
edmunds = $5,877 excellent
NADA = $4,825 Average
NADA = $5,675 High

It seems that the car is retailed at a higher value than one suggested
by the vehicle pricing guides.

What should I do ??? Accept whatever I am being offered OR ask for
more, since I will ultimately get a similar car for a higher price from
a dealer. Also do they actually give u more if u can show them that the
vehicle has higher retail value than ur being offered.

My insurance company is GEICO.

Plz help me. Thanks a lot

-manish

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Old 08 Feb 2006, 08:35 pm   #2 (permalink)
Merritt Mullen
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Default Re: totaled camry price

In article <1139451179.745918.316060@f14g2000cwb.googlegroups .com>,
"m.manish@gmail.com" <m.manish@gmail.com> wrote:

> My insurance company is offering me $4900 for my totaled 1996 toyota
> camry LE (92k miles). When I looked up camrys in my area on various
> auto websites I found that similar milage cars of same year are being
> sold by dealers at atleast $6000. However, the retail value suggested
> by various "books" are as follows:
>
> KBB = $6,375 excellent
> edmunds = $5,164 clean
> edmunds = $5,877 excellent
> NADA = $4,825 Average
> NADA = $5,675 High
>
> It seems that the car is retailed at a higher value than one suggested
> by the vehicle pricing guides.
>
> What should I do ??? Accept whatever I am being offered OR ask for
> more, since I will ultimately get a similar car for a higher price from
> a dealer. Also do they actually give u more if u can show them that the
> vehicle has higher retail value than ur being offered.
>
> My insurance company is GEICO.
>
> Plz help me. Thanks a lot
>
> -manish


There are three price levels on any particular car. From highest to
lowest, they are:

Dealer retail (what you would pay a dealer)

Private party resell (what the car would sell for by a private party
transaction)

Dealer wholesale (what the dealer would give you for the car)

Go back and check the KBB price for those three levels. I bet what you
find is that the private party sale price will be close to what GEICO is
offering you, and all you can expect (and is more that what a dealer would
give you on trade in. At least that is the general theory; every
transaction is unique.

Merritt
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Old 09 Feb 2006, 01:15 am   #3 (permalink)
Art
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Default Re: totaled camry price

I believe he should be getting dealer retail since he would have to go to a
dealer and replace the car.


"Merritt Mullen" <mmullen8014@mchsi.com> wrote in message
news:mmullen8014-FD1E33.18351308022006@netnews.asp.att.net...
> In article <1139451179.745918.316060@f14g2000cwb.googlegroups .com>,
> "m.manish@gmail.com" <m.manish@gmail.com> wrote:
>
>> My insurance company is offering me $4900 for my totaled 1996 toyota
>> camry LE (92k miles). When I looked up camrys in my area on various
>> auto websites I found that similar milage cars of same year are being
>> sold by dealers at atleast $6000. However, the retail value suggested
>> by various "books" are as follows:
>>
>> KBB = $6,375 excellent
>> edmunds = $5,164 clean
>> edmunds = $5,877 excellent
>> NADA = $4,825 Average
>> NADA = $5,675 High
>>
>> It seems that the car is retailed at a higher value than one suggested
>> by the vehicle pricing guides.
>>
>> What should I do ??? Accept whatever I am being offered OR ask for
>> more, since I will ultimately get a similar car for a higher price from
>> a dealer. Also do they actually give u more if u can show them that the
>> vehicle has higher retail value than ur being offered.
>>
>> My insurance company is GEICO.
>>
>> Plz help me. Thanks a lot
>>
>> -manish

>
> There are three price levels on any particular car. From highest to
> lowest, they are:
>
> Dealer retail (what you would pay a dealer)
>
> Private party resell (what the car would sell for by a private party
> transaction)
>
> Dealer wholesale (what the dealer would give you for the car)
>
> Go back and check the KBB price for those three levels. I bet what you
> find is that the private party sale price will be close to what GEICO is
> offering you, and all you can expect (and is more that what a dealer would
> give you on trade in. At least that is the general theory; every
> transaction is unique.
>
> Merritt



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Old 09 Feb 2006, 08:10 am   #4 (permalink)
learnfpga@gmail.com
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Default Re: totaled camry price

I recently dealt with insurance company. I had 1997 camry with 130000
miles on it. It was totaled and they offered me some money. I asked
them to reconsider that.

If this is the first offer they have made the general rule of thumb is
to go back and ask them to reconsider. In my case I made an argument
that if I want to go back to a dealer and buy the same exact car I
would have to pay more than what insurance is offering.

Insurance company is smart they will say KBB inflates prices and blah
blah....

Go back an forth a couple of times. I would say try to get as close to
dealers selling price KBB value for the same car which you had. Good
Luck

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Old 09 Feb 2006, 09:23 am   #5 (permalink)
Dan J.S.
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Default Re: totaled camry price


<m.manish@gmail.com> wrote in message
news:1139451179.745918.316060@f14g2000cwb.googlegr oups.com...
> My insurance company is offering me $4900 for my totaled 1996 toyota
> camry LE (92k miles). When I looked up camrys in my area on various
> auto websites I found that similar milage cars of same year are being
> sold by dealers at atleast $6000. However, the retail value suggested
> by various "books" are as follows:
>
> KBB = $6,375 excellent
> edmunds = $5,164 clean
> edmunds = $5,877 excellent
> NADA = $4,825 Average
> NADA = $5,675 High
>
> It seems that the car is retailed at a higher value than one suggested
> by the vehicle pricing guides.
>
> What should I do ??? Accept whatever I am being offered OR ask for
> more, since I will ultimately get a similar car for a higher price from
> a dealer. Also do they actually give u more if u can show them that the
> vehicle has higher retail value than ur being offered.
>
> My insurance company is GEICO.
>
> Plz help me. Thanks a lot
>
> -manish
>


Geico always low balls. You need to argue with them. And then switch to
someone else.


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Old 09 Feb 2006, 06:55 pm   #6 (permalink)
Reb
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Default Re: totaled camry price

IMHO, One rule that is usually as good as gold is don't ever take the
insurance company first offer. It is a low ball offer to see if you will
take it. Lot's of people do. Find out what your car is worth and stick to
it. If they don't agree find one as good as yours and tell them to replace
yours by buying it. I did that once and they sent me a check for what I
demonstrated the market value was. Their first offer was ridiculously low.

Reb

"Merritt Mullen" <mmullen8014@mchsi.com> wrote in message
news:mmullen8014-FD1E33.18351308022006@netnews.asp.att.net...
> In article <1139451179.745918.316060@f14g2000cwb.googlegroups .com>,
> "m.manish@gmail.com" <m.manish@gmail.com> wrote:
>
>> My insurance company is offering me $4900 for my totaled 1996 toyota
>> camry LE (92k miles). When I looked up camrys in my area on various
>> auto websites I found that similar milage cars of same year are being
>> sold by dealers at atleast $6000. However, the retail value suggested
>> by various "books" are as follows:
>>
>> KBB = $6,375 excellent
>> edmunds = $5,164 clean
>> edmunds = $5,877 excellent
>> NADA = $4,825 Average
>> NADA = $5,675 High
>>
>> It seems that the car is retailed at a higher value than one suggested
>> by the vehicle pricing guides.
>>
>> What should I do ??? Accept whatever I am being offered OR ask for
>> more, since I will ultimately get a similar car for a higher price from
>> a dealer. Also do they actually give u more if u can show them that the
>> vehicle has higher retail value than ur being offered.
>>
>> My insurance company is GEICO.
>>
>> Plz help me. Thanks a lot
>>
>> -manish

>
> There are three price levels on any particular car. From highest to
> lowest, they are:
>
> Dealer retail (what you would pay a dealer)
>
> Private party resell (what the car would sell for by a private party
> transaction)
>
> Dealer wholesale (what the dealer would give you for the car)
>
> Go back and check the KBB price for those three levels. I bet what you
> find is that the private party sale price will be close to what GEICO is
> offering you, and all you can expect (and is more that what a dealer would
> give you on trade in. At least that is the general theory; every
> transaction is unique.
>
> Merritt



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Old 09 Feb 2006, 10:52 pm   #7 (permalink)
Whatsup@hotmail.doc
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Default Re: totaled camry price

Tell the insurance company to go out and find you one. If they're so
sure that you can get one for $4900 including tax, then tell them to
pull it up front of their office and you'll drive away happily. Tell
them that since they're the experts, they should have no problem
finding a Camyr just like yours for that amount, but that out here in
the "real world" some of us have probelms for less than about 6-7
grand.


On Thu, 09 Feb 2006 07:15:48 GMT, "Art"
<begunaNOSPAMPLEASE@mindspring.com> wrote:

>
>> In article <1139451179.745918.316060@f14g2000cwb.googlegroups .com>,


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Old 10 Feb 2006, 09:39 pm   #8 (permalink)
markansas859
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Default Re: totaled camry price


<m.manish@gmail.com> wrote in message
news:1139451179.745918.316060@f14g2000cwb.googlegr oups.com...
> My insurance company is offering me $4900 for my totaled 1996 toyota
> camry LE (92k miles). When I looked up camrys in my area on various
> auto websites I found that similar milage cars of same year are being
> sold by dealers at atleast $6000. However, the retail value suggested
> by various "books" are as follows:
>
> KBB = $6,375 excellent
> edmunds = $5,164 clean
> edmunds = $5,877 excellent
> NADA = $4,825 Average
> NADA = $5,675 High
>
> It seems that the car is retailed at a higher value than one suggested
> by the vehicle pricing guides.
>
> What should I do ??? Accept whatever I am being offered OR ask for
> more, since I will ultimately get a similar car for a higher price from
> a dealer. Also do they actually give u more if u can show them that the
> vehicle has higher retail value than ur being offered.
>
> My insurance company is GEICO.
>
> Plz help me. Thanks a lot
>
> -manish
>


GEICO??

drop your pants, bend over, and bring your own vaseline..........


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Old 11 Feb 2006, 10:01 pm   #9 (permalink)
Hachiroku
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Default Re: totaled camry price

On Fri, 10 Feb 2006 00:55:01 +0000, Reb wrote:

> IMHO, One rule that is usually as good as gold is don't ever take the
> insurance company first offer. It is a low ball offer to see if you will
> take it. Lot's of people do. Find out what your car is worth and stick to
> it. If they don't agree find one as good as yours and tell them to replace
> yours by buying it. I did that once and they sent me a check for what I
> demonstrated the market value was. Their first offer was ridiculously low.
>
> Reb


When my '85 Corolla GTS was stolen and 'totalled' the insurance co offered
me full book value. According to what the OP said, NADA is $75 less than
Geico offered him. This is a good deal since most ins cos go by NADA.

He can try to get more, but all in all this is a good offer.

>
> "Merritt Mullen" <mmullen8014@mchsi.com> wrote in message
> news:mmullen8014-FD1E33.18351308022006@netnews.asp.att.net...
>> In article <1139451179.745918.316060@f14g2000cwb.googlegroups .com>,
>> "m.manish@gmail.com" <m.manish@gmail.com> wrote:
>>
>>> My insurance company is offering me $4900 for my totaled 1996 toyota
>>> camry LE (92k miles). When I looked up camrys in my area on various
>>> auto websites I found that similar milage cars of same year are being
>>> sold by dealers at atleast $6000. However, the retail value suggested
>>> by various "books" are as follows:
>>>
>>> KBB = $6,375 excellent
>>> edmunds = $5,164 clean
>>> edmunds = $5,877 excellent
>>> NADA = $4,825 Average
>>> NADA = $5,675 High
>>>
>>> It seems that the car is retailed at a higher value than one suggested
>>> by the vehicle pricing guides.
>>>
>>> What should I do ??? Accept whatever I am being offered OR ask for
>>> more, since I will ultimately get a similar car for a higher price from
>>> a dealer. Also do they actually give u more if u can show them that the
>>> vehicle has higher retail value than ur being offered.
>>>
>>> My insurance company is GEICO.
>>>
>>> Plz help me. Thanks a lot
>>>
>>> -manish

>>
>> There are three price levels on any particular car. From highest to
>> lowest, they are:
>>
>> Dealer retail (what you would pay a dealer)
>>
>> Private party resell (what the car would sell for by a private party
>> transaction)
>>
>> Dealer wholesale (what the dealer would give you for the car)
>>
>> Go back and check the KBB price for those three levels. I bet what you
>> find is that the private party sale price will be close to what GEICO is
>> offering you, and all you can expect (and is more that what a dealer would
>> give you on trade in. At least that is the general theory; every
>> transaction is unique.
>>
>> Merritt


--
A young girl I know told me I drive like an old man

I told her, actually, I drive like Mario Andretti.
It's just that too many other people on the road
drive like Paul Tracy...

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Old 12 Feb 2006, 12:17 am   #10 (permalink)
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Default Re: totaled camry price

.....and if you're extra unlucky that lizard mascot of theirs will crawl up
your butt and start to moonwalk.

"markansas859" <leftnut@brassmonkey.com> wrote in message
news:6b024$43ed66cd$a228a558$26451@ALLTEL.NET...
>
> <m.manish@gmail.com> wrote in message
> news:1139451179.745918.316060@f14g2000cwb.googlegr oups.com...
>> My insurance company is offering me $4900 for my totaled 1996 toyota
>> camry LE (92k miles). When I looked up camrys in my area on various
>> auto websites I found that similar milage cars of same year are being
>> sold by dealers at atleast $6000. However, the retail value suggested
>> by various "books" are as follows:
>>
>> KBB = $6,375 excellent
>> edmunds = $5,164 clean
>> edmunds = $5,877 excellent
>> NADA = $4,825 Average
>> NADA = $5,675 High
>>
>> It seems that the car is retailed at a higher value than one suggested
>> by the vehicle pricing guides.
>>
>> What should I do ??? Accept whatever I am being offered OR ask for
>> more, since I will ultimately get a similar car for a higher price from
>> a dealer. Also do they actually give u more if u can show them that the
>> vehicle has higher retail value than ur being offered.
>>
>> My insurance company is GEICO.
>>
>> Plz help me. Thanks a lot
>>
>> -manish
>>

>
> GEICO??
>
> drop your pants, bend over, and bring your own vaseline..........
>
>



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