Question:
I bought a new 2007 Ford Escape about 6 months ago, and it only has 8000 miles on it. After a recent roll over, due to ice, my vehicle has been totaled by the insurance company.
It was a 2 wheel drive XLT, V6 engine. With other features like leather seats, sunroof, cargo privacy cover, and upgraded radio/sound system.
Scratched someone s car in parking lot?
I know a new car loses value after driving off the dealership lot, and that the insurance company is most likely going to give me a check based on the depreciated value of the SUV.
Do I need to take the Texas drivers test?
State Farm Insurance uses NADA retail value books, but does anyone have any other idea of how much money I should be expecting?
Answers:
I was in a car accident in IN. They took full responsibility for it. What are my options?
Figure $2k - $5k less than you paid for it, depending upon how good a deal you got on it.auto wreak -- how do I ask for pain and suffering ?
My '06 Fusion with 14.5k miles stickered at $26,045 and I paid $22,300 (I'm eligible for X-Plan pricing). It books out at $21,300 right now. That's unusually good, most cars don't do nearly that well.
can you buyback a vehicle if it has been deemed total in the state of alabama?
not what its worthWhat if a friend of mine borrowed my car, gets into an accident and is not insured?
what does your ins co tell ? you may have first option to buy it .what is left that has value determines how much it's worth to a junk yard .thats where it would be worth the most .do i have to turn an accident into my insurance if it wasnt my fault?
key in n.a.d.a. add up options and mileage it will give you the value. you might want to keep it and have it repaired.800 to 1200 will buy it but first go to car-parts .com and see what parts cost. then get body shop to give you a estiment on repairsHow much does it cost to get a title transferred into my name?
they,ll pay full value for it,,anything under a year old always gets payed the full value of it,and also they might use mileage here also,,and still they,ll pay full value of it,,good luck i hope this help,s.Be glad you have State Farm. They are very generous when paying total loss settlements. There is no NADA data on a 2007 model vehicle so value will have to be determined by market research. Be prepared to see about a 20% drop from the original sales price. This is about average for all new car sales.
What do I do if I lost my California learner's permit?
I hope you bought the GAP insurance you may have been offered by the dealer.If not you are in for a rude awakening.
Have GAP Insurance, Don't have car insurance?
You are going to get a check from State Farm for what the actual cash value of what the vehicle was worth.
I scratched a person car. Now eh called me after 3weeks and askin me for $900?
If it is a new car....this check is not going to be near what you owed on it if you financed it.
At this rate.....the check will likely be for at least $3000 less than you owe.....which means the financing company will want that check in its entirety and then will want to know how you are going to pay the difference.
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And since State Farm will have paid you out on your policy, they now own the truck.....
Can a WA drivers licesnse be suspended for no insurance?
So you owe $3000 on a loan and you have NO CAR now that State Farm has bought it from you.
Insurance company assigned fault to me for an accident in which I was hit?
Had you purchased a GAP insurance policy.....you'd still have no car....but the lender would be paid in full and you'd have no other financial obligation and would find it much easier to start over and get a new car.
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