You may remember my previous posts....was rear-ended while out on a Sunday drive a month ago in my TR6. Shop says frame is tweaked and body tub buckled, can't be straightened. Finally had the money conversation with the State Farm adjuster today....they will accept a "fair-market value" for the car at 20k.
This amount was determined by the guys at my LBC shop, who did me a solid considering I bought the car for 14k three years ago. I think 20k is basically fair; however, they want to deduct 3600.00 for salvage if I want to retain possession of the car. That would mean a payout of about 17,300k, which will not be enough to "re-create" this car on a new/used tub and frame.
My intention has always been to have this particular vehicle "re-created" because I don't want another TR6, I want THIS one! Bought it with money earned while on a combat tour in Iraq and it has everything I want in a TR6 already.
Everyone on here has said "Don't accept the first offer" and I haven't yet. Does not seem like the adjuster is going to budge at all. NADA maight have a slightly higher range for this car as it seems I have to challenge the "fair-market value" they are using from my own shop.
I could live with 20k free and clear, but a 3600k buyback really sticks in my craw. Hate to have to consider lawyering up for 4-5k, but they seem unwilling to consider my counter offer. Might get rear-ended twice after all.
This amount was determined by the guys at my LBC shop, who did me a solid considering I bought the car for 14k three years ago. I think 20k is basically fair; however, they want to deduct 3600.00 for salvage if I want to retain possession of the car. That would mean a payout of about 17,300k, which will not be enough to "re-create" this car on a new/used tub and frame.
My intention has always been to have this particular vehicle "re-created" because I don't want another TR6, I want THIS one! Bought it with money earned while on a combat tour in Iraq and it has everything I want in a TR6 already.
Everyone on here has said "Don't accept the first offer" and I haven't yet. Does not seem like the adjuster is going to budge at all. NADA maight have a slightly higher range for this car as it seems I have to challenge the "fair-market value" they are using from my own shop.
I could live with 20k free and clear, but a 3600k buyback really sticks in my craw. Hate to have to consider lawyering up for 4-5k, but they seem unwilling to consider my counter offer. Might get rear-ended twice after all.