rolled my Z..... :'(
02-01-2008 | 04:38 PM
#83
Registered User
Joined: Jul 2007
Posts: 519
Likes: 0
From: Corpus Christi, TX
I still can't believe they totalled that. Must be a lot of damage that isn't readily visible in the photos. I'm stunned.
As to your insurance claim, I hope you either had:
1) A big cash downpayment and/or equity in your trade-in
2) Gap Insurance.
Without one or both of them, you could get hosed. We'll keep our fingers crossed for you. The depreciation hit on a brand new car when you drive it off is substantial. If you didn't pay a decent amount down, you're in that "danger zone" of brand-new car with HUGE depreciation. I'm afraid the ACV (actual cash value) your insurance company offers you may be well short of your payoff if you got into your Z with little or no money down.
Good Luck.
As to your insurance claim, I hope you either had:
1) A big cash downpayment and/or equity in your trade-in
2) Gap Insurance.
Without one or both of them, you could get hosed. We'll keep our fingers crossed for you. The depreciation hit on a brand new car when you drive it off is substantial. If you didn't pay a decent amount down, you're in that "danger zone" of brand-new car with HUGE depreciation. I'm afraid the ACV (actual cash value) your insurance company offers you may be well short of your payoff if you got into your Z with little or no money down.
Good Luck.
02-01-2008 | 04:58 PM
#85
Originally Posted by Shamshe
just got a call back from the adjuster.... said that its a total loss... now my worry is that they will give me a price that is not lower then what i owe... 
im not surprised, i bet it's from the A pillar being smashed. it doesnt look that bad but the broken glass means it out of whack and they arent gonna fix that. just speculation...
you should be happy you arent getting the car back though
02-01-2008 | 05:09 PM
#86
Originally Posted by Shamshe
this is a good question... i dunno why it didnt kick in. and i just had the stock tires cause the car itself is only like 4 months old.
02-01-2008 | 05:12 PM
#87
My recommendation is never accept the first offer a insurance company gives you. Start printing up what the private/retail value of the car is worth right now from kbb and edmunds. Also print up what others are selling for that match your car. This will help. I hope you had GAP insurance, you will need it.
02-01-2008 | 06:57 PM
#88
GAP ftw! Good luck otherwise.. you may get stuck owing $$ for a car you no longer own... only chance then is to pay it or hope a dealership will tack on extra cash-back in the deal (ie negative equity) to cover the difference in your next ride. Plus keeping your insurance may be a challenge. Sucks that this happened, but glad you are okay.
02-01-2008 | 06:57 PM
#89
Originally Posted by SOLO-350Z
My recommendation is never accept the first offer a insurance company gives you. Start printing up what the private/retail value of the car is worth right now from kbb and edmunds. Also print up what others are selling for that match your car. This will help. I hope you had GAP insurance, you will need it.
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