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Car Accident

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ChadTower:

Just looked it up for my own info as well as yours... Blue Book is still over $4000 for a reasonable consumer private party sale (4 door auto DX), even at 243k miles.  At 107k it appears to be worth about $900 more.

Of course, mine has a "recovered theft" title, which probably makes it worth about  $4.50 plus a box of Raisinettes if I actually tried to sell it.

HaRuMaN:
Yeah, those little Honda's hold value fairly well...  plus she's been the only owner of the vehicle, had it since new.

Nationwide is keeping the vehicle for salvage... does this add to the dollar amount they give to you??

ChadTower:

No.  It's standard practice for a regular car.  I think it's actually legally required as they are "buying it from you" for its market price before the guy hit you.

HaRuMaN:

--- Quote from: ChadTower on February 08, 2007, 10:16:20 am ---
No.  It's standard practice for a regular car.  I think it's actually legally required as they are "buying it from you" for its market price before the guy hit you.

--- End quote ---

Ahh ok, I was a bit confused on that point.  Makes sense now.

clanggedin:
You need to remember that you get trade in and not retail value for your vehicle. Doesn't matter how much you paid for it. That's why banks sell GAP insurance.

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