Dealer dropped my C5 off lift -- need advice

[C5Richard]

It's about time for everyone here to blitz Stewart's with phone complaints about how they have handled Dave's tradgedy....Speak your mind in a non thretening manner, and tie upo their phone lines for 2 or three days.....They will get the message in short order, and perhaps rethink their position.....No harm in anyone speaking their own mind, is there?
Peter

It appears the Stewart's made a mistake and dropped his car of a rack. In turn it also appears they fixed his car to the best of their abilities. Dave certainly has a diminished value claim but he has to reasonably prove the value and amount of that claim. I for one don't know the entire story here. But if Dave's car has been wrecked or repaired before in the same areas, or the areas and overall condition of the areas affected were not in absolute perfect condition before the accident, Dave may indeed not be elligible for a diminished value claim.

Richard.

 

[C5Richard]

Actually most insurance companies currently pay local market value or replacement value for cars. When I totalled my pickup in Texas, for instance, the payout was 15% more then KBB since trucks in Texas sell for more then the national average.

Your insurance company should have that information handy and should be willing to give you a quote as to what they would have paid out.

Best of luck!

I would attribute the discrepancy to the accuracy of the information that was entered in the KBB value calculator. The online calculator factors in location and is accurate within a few dollars. All insurance companies in Texas pay "private party value". Which equals the market value for individuals that sell their cars. Insurances do not compensate for dealer profit as it is on top of the actual value of a car. They do however pay for loss of use, tax, title, and licence fees on top of the private party value for cars that total out.
I would also add that you may have not realized the insurance company that paid you had calculated in loss of use, TTL, and that's why your payout was larger than than the book value alone.

Richard.

 

[Erik S. Klein]

I would attribute the discrepancy to the accuracy of the information that was entered in the KBB value calculator. The online calculator factors in location and is accurate within a few dollars. All insurance companies in Texas pay "private party value". Which equals the market value for individuals that sell their cars. Insurances do not compensate for dealer profit as it is on top of the actual value of a car. They do however pay for loss of use, tax, title, and licence fees on top of the private party value for cars that total out.
I would also add that you may have not realized the insurance company that paid you had calculated in loss of use, TTL, and that's why your payout was larger than than the book value alone.

That may be the case, but TTL, loss of use, rental reimbursement and the like were separate line items as were my claims for damaged/destroyed contents.

The vehicle replacement cost was about 15% higher then the paper copy of the KBB bought at my local bookstore about a week after the accident. The adjuster explained that trucks in TX retain their value better so I got a good payment.

The joy of it was that I bought the car under the GM employee purchase plan so my settlement was only about $1,000 under my actual purchase price 4 years after I bought the car. . .

Still, to have a car totaled with only 4 payments left in the book, a full tank of gas and brand new tires is infuriating. . . especially when it was the other guys fault!

I don't pretend to understand insurance companies, but I am relaying what I was told at the time. . .

E

 

[Bob Chadwick]

We use a national company called PDA to assess the value of a car. They do the same thing no matter where our claims are. They start with one of the services, KBB I think, and then add in local values to make sure that the service is accurate.

 

[theblackvette]

Is name calling really necessary???????? HAHAHHAHAHAHAHAHAHA

:L

We use a national company called PDA to assess the value of a car. They do the same thing no matter where our claims are. They start with one of the services, KBB I think, and then add in local values to make sure that the service is accurate.

 

[Bob Chadwick]

Is name calling really necessary???????? HAHAHHAHAHAHAHAHAHA

:L

Got me there :L

 

[theblackvette]

LOL-bobchad=good sport!!!!!!!!

Without naming any names or companies, the use of the "name calling" word perhaps did indeed seem appropriate in this thread.

Coincidence? I don't think so!!!!!!! HAHAHAHAHHAHAHA

:L

Got me there :L

 

[theblackvette]

Bobchad......

If you like to "fix" the word in my reply to your "name calling" post as it still has the name calling word, I would not mind. However, if you think it is okay to stay, then I am cool with it, too!

Without naming any names or companies, the use of the "name calling" word perhaps did indeed seem appropriate in this thread.

Coincidence? I don't think so!!!!!!! HAHAHAHAHHAHAHA

:L

 

[C5Richard]

We use a national company called PDA to assess the value of a car. They do the same thing no matter where our claims are. They start with one of the services, KBB I think, and then add in local values to make sure that the service is accurate.

Not trying to sound like a know it all but this topic is in my line of work on two counts. I own a collision shop and the wife and I are also insurance agents and sell insurance.
You are correct Property Damage Appraisers are independent appraisers and review all local sources for values. The KKB is an accurate measure for the better insurance companies like State Farm. There's a whole lot of them that don't even pay that. One in particular, Progressive, should be avoided at all costs.

Richard.

 

[C5Richard]

That may be the case, but TTL, loss of use, rental reimbursement and the like were separate line items as were my claims for damaged/destroyed contents.

The vehicle replacement cost was about 15% higher then the paper copy of the KBB bought at my local bookstore about a week after the accident. The adjuster explained that trucks in TX retain their value better so I got a good payment.

The joy of it was that I bought the car under the GM employee purchase plan so my settlement was only about $1,000 under my actual purchase price 4 years after I bought the car. . .

Still, to have a car totaled with only 4 payments left in the book, a full tank of gas and brand new tires is infuriating. . . especially when it was the other guys fault!

I don't pretend to understand insurance companies, but I am relaying what I was told at the time. . .

E

Trucks being worth more in Texas is true. Likewise consider that vettes also sell for less in Texas. I had been watching values for a while calculating a wise buy on the 97 after seeing the were down to 15k @80k miles. Things being the way they are I got the fever along the way and ending up spending over twice that. Couldn't help it.

Richard.

 

[bcwaller]

Anybody know how to get Kelly Blue Book Private Sale value as of May 28th? The online version goes up and down, and I'd like to pinpoint value at a point in time.

-Dave

How about this idea. Post the car for sale on eBay, listing the whole history, pictures, etc. State that the repair facility says that the car is "as good as new" and set your reserve to be the value you say the car is worth. Once the auction is over, you will have established the market value for your car. If it somehow sells, then you are made whole. If not, then you have great market based evidence for your case at a cost of $50 or so.

 

[SPANISHVETTS]

How about this idea. Post the car for sale on eBay, listing the whole history, pictures, etc. State that the repair facility says that the car is "as good as new" and set your reserve to be the value you say the car is worth. Once the auction is over, you will have established the market value for your car. If it somehow sells, then you are made whole. If not, then you have great market based evidence for your case at a cost of $50 or so.

I like it!

 

[invinceablevett]

I like the idea.

 

[TheBlueVette]

Thank you CAC!

I just want to thank everyone for all their support, all the advice and good wishes, and many other contributions. This has been a truly amazing experience, and I found many, many new friends. Action Center, indeed!

Special thanks to spanishvetts, kopbet, Ed02, Edmond, 67Heaven, MM-C5,Erik S. Klein, Savette, Bossvette, TLeblanc, and Shewter.

A very extra special thanks, to the one, the only, totally unique, and highly enthusiastic individual known as:

theblackvette​

​

​

I owe you big time, BV!​

​

I have some funds left over from the defense fund that many of the CAC membrs contributed to (and I thank you all again!). I am sending all of the $ to Rob for running this forum, and letting us chew up his disk space.​

​

To all the moderators: Thanks for everything!!!! Your help and guidance were the best.​

​

To all my friends -- if you're driving in the Half Moon Bay area on the Pacific coast, send me a PM and we'll hook up. ​

​

Regards​

Dave ​

​

 

[theblackvette]

You are welcome, Barnetdh!!!!!!!!!!!!!!!!!!

You are very welcome, Barnetdh!!!!!!!!!!!!!!!!! It was my pleasure!!!!!!

That is a very gracious gesture for donating the proceeds here to CAC. I am sure it will be appreciated. I am impressed!!!!!!!!!!!!!!!

I wonder if that would qualify you as a "Supporting Member"???????

I just want to thank everyone for all their support, all the advice and good wishes, and many other contributions. This has been a truly amazing experience, and I found many, many new friends. Action Center, indeed!

Special thanks to spanishvetts, kopbet, Ed02, Edmond, 67Heaven, MM-C5,Erik S. Klein, Savette, Bossvette, TLeblanc, and Shewter.

A very extra special thanks, to the one, the only, totally unique, and highly enthusiastic individual known as:

theblackvette​

​

I owe you big time, BV!​

I have some funds left over from the defense fund that many of the CAC membrs contributed to (and I thank you all again!). I am sending all of the $ to Rob for running this forum, and letting us chew up his disk space.​

To all the moderators: Thanks for everything!!!! Your help and guidance were the best.​

To all my friends -- if you're driving in the Half Moon Bay area on the Pacific coast, send me a PM and we'll hook up. ​

Regards​

Dave ​

 

[cruzer99]

So was there a resolution????

 

[TheBlueVette]

So was there a resolution????

Cruzer82 -- I can't discuss that subject. Regrets.

 

[KOPBET]

I hope everything has worked out for the best for you barnetdh. Do me a favor and don't ever go skiing! :L

 

[TheBlueVette]

I hope everything has worked out for the best for you barnetdh. Do me a favor and don't ever go skiing! :L

- Dave

 

[sleepyhead]

Cruzer82 -- I can't discuss that subject. Regrets.

Well without getting into details, you can at least tell us what sort of vette you'll be driving now, right? The same one or something newer?

-J.