Total loss value
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From: il, USA
Total loss value
I tried searching but the search function is down. My insurance company, State Farm, is only giving me $16,925 for my R. The vehicle was a 2000 PY with 37,000 miles at the time. This seems extremely low considering the fact that i see ITRS with similar mileage go for much much more. How can i prove to them that my car is worth more than $17,000? Thanks for all the help
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From: Armed
Find other ITR's for sale in your general area with similar mileage, and take that info to the adjuster.
I don't think $17k is that unfair for a five-year-old car though. Good luck.
I don't think $17k is that unfair for a five-year-old car though. Good luck.
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From: kuidaore
Re: (Splat)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by metal-x »</TD></TR><TR><TD CLASS="quote">tell em to check the autotrader or send them links to similar type r's for sale that are worth more than 17k</TD></TR></TABLE>
Unfortunately they aren't gonna do any of the work for you. You'll have to prove what the going rate is.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Splat »</TD></TR><TR><TD CLASS="quote">Find other ITR's for sale in your general area with similar mileage, and take that info to the adjuster.
I don't think $17k is that unfair for a five-year-old car though. Good luck.</TD></TR></TABLE>
Agreed.
Unfortunately they aren't gonna do any of the work for you. You'll have to prove what the going rate is.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Splat »</TD></TR><TR><TD CLASS="quote">Find other ITR's for sale in your general area with similar mileage, and take that info to the adjuster.
I don't think $17k is that unfair for a five-year-old car though. Good luck.</TD></TR></TABLE>
Agreed.
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Re: (1GreyTeg)
17k isnt a low low ball price. its on the mid/low side of private market value...
if they had offered you the 13k "blue book" NADA value, then i'd tell them to shove it up their asses
but sure, take some time out, and get some advertisements. remember, they arent supposed to pay you blue book, but to pay you the cost of replacing the vehicle with a similiar mileage vehicle / year.
if they had offered you the 13k "blue book" NADA value, then i'd tell them to shove it up their asses
but sure, take some time out, and get some advertisements. remember, they arent supposed to pay you blue book, but to pay you the cost of replacing the vehicle with a similiar mileage vehicle / year.
Re: (Splat)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Splat »</TD></TR><TR><TD CLASS="quote">Find other ITR's for sale in your general area with similar mileage, and take that info to the adjuster.
I don't think $17k is that unfair for a five-year-old car though. Good luck.</TD></TR></TABLE>
I think that is unfair. I got $20,000 for my 2000 ITR with 49k miles on it. All you need is a bunch of ads from autotrader.com to show the going rate. Don't settle for a price you don't want. Usually the insurance company will give it just to settle it. The first offer I got for mine was only $14k and I got them to go up to $20k. 
I don't think $17k is that unfair for a five-year-old car though. Good luck.</TD></TR></TABLE>
I think that is unfair.
I got $20,000 for my 2000 ITR with 49k miles on it. All you need is a bunch of ads from autotrader.com to show the going rate. Don't settle for a price you don't want. Usually the insurance company will give it just to settle it. The first offer I got for mine was only $14k and I got them to go up to $20k.
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From: Chicagoland, IL
Re: Total loss value (JoNNiE)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by JoNNiE »</TD></TR><TR><TD CLASS="quote">The vehicle was a 2000 PY with 37,000 miles at the time. This seems extremely low considering the fact that i see ITRS with similar mileage go for much much more. How can i prove to them that my car is worth more than $17,000? Thanks for all the help</TD></TR></TABLE>
Wait, what? I don't remember a post saying that anything happened to your car... what happened?
Wait, what? I don't remember a post saying that anything happened to your car... what happened?
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From: Cuba
Re: (Splat)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Splat »</TD></TR><TR><TD CLASS="quote">I don't think $17k is that unfair for a five-year-old car though. Good luck.</TD></TR></TABLE>
Agreed. I dont think you will be able to get much more than $17k.
However, a year ago it was easy for me to get $25k when mine was stolen, since dealerships could still sell a 2000 ITR as certified pre-owned.
Agreed. I dont think you will be able to get much more than $17k.
However, a year ago it was easy for me to get $25k when mine was stolen, since dealerships could still sell a 2000 ITR as certified pre-owned.
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From: kuidaore
Re: (spids5)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by spids5 »</TD></TR><TR><TD CLASS="quote">
I think that is unfair. I got $20,000 for my 2000 ITR with 49k miles on it. All you need is a bunch of ads from autotrader.com to show the going rate.</TD></TR></TABLE>
How is it unfair?
$20,000. may be an asking price by a seller on Egay or Autorader or any stealership but it doesn't actually mean that you'll pay or get $20,000. for one.
Hell, I know I wouldn't pay that much for one with equal mileage.
Condition and mileage are the only factors that I'd say weigh heavy on this particular car. Absolutely Not mods or money invested unless they are total **** and actually decrease the cars value.
Funny how when the car was introduced in 97, they couldn't sell them. Then 2 years later they were actually fetching $5k or more premuims over MSRP in places like Cali.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by spids5 »</TD></TR><TR><TD CLASS="quote">Usually the insurance company will give it just to settle it. The first offer I got for mine was only $14k and I got them to go up to $20k. </TD></TR></TABLE>
The first offer I got was to fix the car for $17,000. Can you imagine that much damage? But they didn't total it out and settle for the total original sales price till I told them they were crazy and needed to send a different adjuster/agent who knew what he was doing. $17k was only 68% of total value at the time when the car was only 8 months old in 2001, thus not at or above their 80% total loss. It took another 2 weeks and me racking up charges for car rentals till they offered a total settelement AND I bought the car back for $4,500.
I think that is unfair.
I got $20,000 for my 2000 ITR with 49k miles on it. All you need is a bunch of ads from autotrader.com to show the going rate.</TD></TR></TABLE>How is it unfair?
$20,000. may be an asking price by a seller on Egay or Autorader or any stealership but it doesn't actually mean that you'll pay or get $20,000. for one.
Hell, I know I wouldn't pay that much for one with equal mileage.
Condition and mileage are the only factors that I'd say weigh heavy on this particular car. Absolutely Not mods or money invested unless they are total **** and actually decrease the cars value.
Funny how when the car was introduced in 97, they couldn't sell them. Then 2 years later they were actually fetching $5k or more premuims over MSRP in places like Cali.
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by spids5 »</TD></TR><TR><TD CLASS="quote">Usually the insurance company will give it just to settle it. The first offer I got for mine was only $14k and I got them to go up to $20k.
</TD></TR></TABLE>The first offer I got was to fix the car for $17,000. Can you imagine that much damage? But they didn't total it out and settle for the total original sales price till I told them they were crazy and needed to send a different adjuster/agent who knew what he was doing. $17k was only 68% of total value at the time when the car was only 8 months old in 2001, thus not at or above their 80% total loss. It took another 2 weeks and me racking up charges for car rentals till they offered a total settelement AND I bought the car back for $4,500.
Re: (1GreyTeg)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by 1GreyTeg »</TD></TR><TR><TD CLASS="quote">
How is it unfair?
</TD></TR></TABLE>
Compared to what I got only 2 months ago I think it is unfair. He could easily get more than $17k for his car. But $17k is not a bad first offer compared to what my insurance company tried to give me.
How is it unfair?
</TD></TR></TABLE>
Compared to what I got only 2 months ago I think it is unfair. He could easily get more than $17k for his car. But $17k is not a bad first offer compared to what my insurance company tried to give me.
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From: kuidaore
Re: (spids5)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by spids5 »</TD></TR><TR><TD CLASS="quote">
Compared to what I got only 2 months ago I think it is unfair. He could easily get more than $17k for his car. But $17k is not a bad first offer compared to what my insurance company tried to give me.</TD></TR></TABLE>
But 17 is about the average going market price for the car at this time.
I think we all agree as several of us mentioned above, he'll need to prove "other" available current market pricing to ask for anything more.
My point is that advertisements that he may find are "asking" sales prices, and Not neccessarily what you can buy an equal car for.
I guess "unfair" is a subjective term.
I think it will also depend on how much was financed. And how they settle may be based on his claims history as well, unfortunately.
Compared to what I got only 2 months ago I think it is unfair. He could easily get more than $17k for his car. But $17k is not a bad first offer compared to what my insurance company tried to give me.</TD></TR></TABLE>
But 17 is about the average going market price for the car at this time.
I think we all agree as several of us mentioned above, he'll need to prove "other" available current market pricing to ask for anything more.
My point is that advertisements that he may find are "asking" sales prices, and Not neccessarily what you can buy an equal car for.
I guess "unfair" is a subjective term.
I think it will also depend on how much was financed. And how they settle may be based on his claims history as well, unfortunately.
Re: (1GreyTeg)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by 1GreyTeg »</TD></TR><TR><TD CLASS="quote">
But 17 is about the average going market price for the car at this time.
I think we all agree as several of us mentioned above, he'll need to prove "other" available current market pricing to ask for anything more.
My point is that advertisements that he may find are "asking" sales prices, and Not neccessarily what you can buy an equal car for.
I guess "unfair" is a subjective term.
I think it will also depend on how much was financed. And how they settle may be based on his claims history as well, unfortunately.</TD></TR></TABLE>
I agree with everything your saying but my main point was not to settle unless he was happy with the price. $17k is average and some what fair but if he finds the highest in price in his area most likely they will give him that. I got screwed by my a insurance company with my first car that was stolen and ever since then if I have to make a claim I won't settle until I'm happy.
But 17 is about the average going market price for the car at this time.
I think we all agree as several of us mentioned above, he'll need to prove "other" available current market pricing to ask for anything more.
My point is that advertisements that he may find are "asking" sales prices, and Not neccessarily what you can buy an equal car for.
I guess "unfair" is a subjective term.
I think it will also depend on how much was financed. And how they settle may be based on his claims history as well, unfortunately.</TD></TR></TABLE>
I agree with everything your saying but my main point was not to settle unless he was happy with the price. $17k is average and some what fair but if he finds the highest in price in his area most likely they will give him that. I got screwed by my a insurance company with my first car that was stolen and ever since then if I have to make a claim I won't settle until I'm happy.
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From: Formerly WI, now back in NorCal and everywhere else
Re: Total loss value (JoNNiE)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by JoNNiE »</TD></TR><TR><TD CLASS="quote">I tried searching but the search function is down. My insurance company, State Farm, is only giving me $16,925 for my R. The vehicle was a 2000 PY with 37,000 miles at the time. This seems extremely low considering the fact that i see ITRS with similar mileage go for much much more. How can i prove to them that my car is worth more than $17,000? Thanks for all the help</TD></TR></TABLE>
I just had my 2000 PY ITR with about 60,000 miles totalled out for more than that by State Farm and I've been really happy with how State Farm handled my claim. I was planning for more of a battle and they were really fair. They even offered to send me adds for all the cars they found once my rep learned I was thinking of maybe buying another Type R. If you're talking to their total loss department you might see what options you have because I know they use an outside firm to come up with "fair value." You can probably give them adds for comprable cars. I would think they would be reasonable as long as your reasonable.
I just had my 2000 PY ITR with about 60,000 miles totalled out for more than that by State Farm and I've been really happy with how State Farm handled my claim. I was planning for more of a battle and they were really fair. They even offered to send me adds for all the cars they found once my rep learned I was thinking of maybe buying another Type R. If you're talking to their total loss department you might see what options you have because I know they use an outside firm to come up with "fair value." You can probably give them adds for comprable cars. I would think they would be reasonable as long as your reasonable.
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Re: Total loss value (hecklervtec)
the other thing to remember is, where are you located?
In new hampshire where i am, the Type R is very very very rare
so you could easily pay 19k for a 2001 with 36k on it
goodluck
In new hampshire where i am, the Type R is very very very rare
so you could easily pay 19k for a 2001 with 36k on it
goodluck
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From: Fontucky, CA, USA
Re: Total loss value (Azcheron)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Azcheron »</TD></TR><TR><TD CLASS="quote">the other thing to remember is, where are you located?
In new hampshire where i am, the Type R is very very very rare
so you could easily pay 19k for a 2001 with 36k on it
goodluck</TD></TR></TABLE>
Yeah that is a big factor. I think if Johnnie goes through the trouble of showing ads for higher priced Rs, he will definitely get more money.
In new hampshire where i am, the Type R is very very very rare
so you could easily pay 19k for a 2001 with 36k on it
goodluck</TD></TR></TABLE>
Yeah that is a big factor. I think if Johnnie goes through the trouble of showing ads for higher priced Rs, he will definitely get more money.
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Joined: Jun 2005
Posts: 562
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From: Va Beach, VA, USA
Re: Total loss value (JoNNiE)
I just bought a 2000 PY type R with 52K on it. Included in the price was shipping from california and a professional detail. All of the mods/upgrades were included in the price... along with a majority of the the oem parts. I paid 16,200 Total
--Engine modifications--
Fluidyne radiator
Hondata plastic intake manifold gasket
Comptech ice box w/ K&N conical filter
Jackson Racing supercharger, 5.5psi (stock boost)
Comptech 4-2-1 stainless steel headers
Comptech high-flow catalytic converter
Comptech sport cat-back stainless steel exhaust
Comptech lightweight Chromoly flywheel
ACT HD-SS clutch and pressure plate
Neuspeed short shifter
Energy Suspension shift bumpers
MSD distributor cap, spare Crane Cams cap
Crane Cams HI-6S ignition and LX-91 coil
NGK iridium plugs
Oversize silicone plug wires
Hondata S200 ECU w/ boost control, tuned by Jackson Racing, DSR, and Modacar
AEM fuel pressure regulator
AEM fuel rail
RC Engineering 440cc matched injectors
Jackson Racing upgraded fuel pump
Jackson Racing high-flow fuel filter
--Suspension and Ride--
Koni adjustable-rate dampers w/ threaded perches
Comptech progressive-rate springs
Skunk2 aluminum rear upper strut tower bar
Benen black aluminum rear lower strut tower bar
Benen aluminum front crossmember bar
SSR Competition 17x7 wheels, new
Bridgestone Potenza S-03 215/40-17 tires, new
Powerslot slotted front brake rotors
--Interior--
Autometer boost/vacuum gauge
Autometer fuel-air ratio gauge
Autometer dual-pod instrument panel bezel
Razo clutch and brake pedals
Sony CD-8050x CD head unit
Infinity Basslink 12" powered lightweight subwoofer
--Exterior--
Clear corner lenses w/ amber bulbs
Grillcraft silver front grille, car featured on their website
PIAA silicone windshield wipers
PIAA hyperwhite low-beam and high-beam bulbs
http://i11.photobucket.com/alb...l.jpg
http://i11.photobucket.com/alb...2.jpg
--Engine modifications--
Fluidyne radiator
Hondata plastic intake manifold gasket
Comptech ice box w/ K&N conical filter
Jackson Racing supercharger, 5.5psi (stock boost)
Comptech 4-2-1 stainless steel headers
Comptech high-flow catalytic converter
Comptech sport cat-back stainless steel exhaust
Comptech lightweight Chromoly flywheel
ACT HD-SS clutch and pressure plate
Neuspeed short shifter
Energy Suspension shift bumpers
MSD distributor cap, spare Crane Cams cap
Crane Cams HI-6S ignition and LX-91 coil
NGK iridium plugs
Oversize silicone plug wires
Hondata S200 ECU w/ boost control, tuned by Jackson Racing, DSR, and Modacar
AEM fuel pressure regulator
AEM fuel rail
RC Engineering 440cc matched injectors
Jackson Racing upgraded fuel pump
Jackson Racing high-flow fuel filter
--Suspension and Ride--
Koni adjustable-rate dampers w/ threaded perches
Comptech progressive-rate springs
Skunk2 aluminum rear upper strut tower bar
Benen black aluminum rear lower strut tower bar
Benen aluminum front crossmember bar
SSR Competition 17x7 wheels, new
Bridgestone Potenza S-03 215/40-17 tires, new
Powerslot slotted front brake rotors
--Interior--
Autometer boost/vacuum gauge
Autometer fuel-air ratio gauge
Autometer dual-pod instrument panel bezel
Razo clutch and brake pedals
Sony CD-8050x CD head unit
Infinity Basslink 12" powered lightweight subwoofer
--Exterior--
Clear corner lenses w/ amber bulbs
Grillcraft silver front grille, car featured on their website
PIAA silicone windshield wipers
PIAA hyperwhite low-beam and high-beam bulbs
http://i11.photobucket.com/alb...l.jpg
http://i11.photobucket.com/alb...2.jpg
Honda-Tech Member
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From: With my POS D15B2, Whereever whenever, United States
Re: (1GreyTeg)
that's not a low price at all.
The car was 23-24k brand new, you are only taking a 6-8k loss.
what do you expect, its not like its a rare porsche or a ferarri
The car was 23-24k brand new, you are only taking a 6-8k loss.
what do you expect, its not like its a rare porsche or a ferarri
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From: Chicago
Re: Total loss value (Kicker773)
<TABLE WIDTH="90%" CELLSPACING=0 CELLPADDING=0 ALIGN=CENTER><TR><TD>Quote, originally posted by Kicker773 »</TD></TR><TR><TD CLASS="quote">yah i dont think itr's hold a lot of value in il.. .soo many of them around now </TD></TR></TABLE>
true that
</TD></TR></TABLE>true that
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From: South Bay, CA
Re: (MugenHonda)
Whats funny is the one kid says its not a rare porche or ferrari --- and your right -- the ITR's are even more rare
I think there was 400 or so made in 97 for US consumption and maybe 800 in 98 and maybe 1000 each year in 00-01
So maybe a total of 3200 or so thereabouts factory US type R's ever sold here and now there are many killed in action so finding a clean, stock unmolested R is VERY hard and will fetch a premium
Stick to D15b's dude
The R is a classic and will always fetch a premium --- in a few years when H-T'ers are older they will sell for even more --- like finding a real clean classic car --- even if you have the money availability will still come down to very few were sold here
Ask for more and show them how much a clean unmolested R will sell for --- its replacement cost and you want to replace your clean R ---- 20K sounds fair ---- its not a GSR dime a dozen --- its an R
(Serg loves Hondas too much)
I think there was 400 or so made in 97 for US consumption and maybe 800 in 98 and maybe 1000 each year in 00-01
So maybe a total of 3200 or so thereabouts factory US type R's ever sold here and now there are many killed in action so finding a clean, stock unmolested R is VERY hard and will fetch a premium
Stick to D15b's dude
The R is a classic and will always fetch a premium --- in a few years when H-T'ers are older they will sell for even more --- like finding a real clean classic car --- even if you have the money availability will still come down to very few were sold here
Ask for more and show them how much a clean unmolested R will sell for --- its replacement cost and you want to replace your clean R ---- 20K sounds fair ---- its not a GSR dime a dozen --- its an R
(Serg loves Hondas too much)
Honda-Tech Member
Joined: Nov 2004
Posts: 1,864
Likes: 1
From: Fontucky, CA, USA
Re: (SergEK)
That PY SCed Type R for $16,XXX... You got a great deal. Not everybody can find a deal like that, even if they wait around for months. 01 Integra Type Rs went for $24,012 at the dealerships in SoCal that I went to. An interesting fact is that an 01 GS-R goes for $23,888. If I bought new, I know which I'd choose, although I love my GS-R.