PeachParts Mercedes-Benz Forum - View Single Post

Jim B. · #23 10-21-2007, 10:39 PM

Quote:

Originally Posted by remotemark

By the way, one of the things that really sucks about this is that I've only had the car for a month. Even in that short time, I became convinced that this is the best-driving car ever to cross my path. The only thing that came close for sheer control of the car and its trajectory was my second ever car, a 914-6.

That fact, previously undisclosed here, changes things a lot.

If the car is declared totalled, what would you say to this as a fair formula to arrive a valuation settlement: The purchase price you paid one month ago LESS 25 cents a mile for the number of miles you drove it?

Savvy lawyers hired in "Lemon Law" cases, get good settlements for their clients all the time using that formula. I know that personally.

If you do the numbers, would a settlement price based on that formula satisfy you, (if you had the paperwork to verify the mileage and price, one month ago)?

It would be pretty hard for an insurance company to challenge worth based on that formula. especially in a court of law

Keep in mind the 25 cents a mile is always a negotiable figure: if the adjuster accepts it, he may try and chisel it to 40 cents, to satisfy his company.

It is a big change from a Porsche 914 to a 500E. The 914 looks like a VW Karmann Ghia that has been worked over with the flat side of an axe!