Quote:
Originally Posted by junqueyardjim
Maybe you (the owner) settled to easy with the Insurance Co. Who was at fault in the accident. If it was the other guys fault I would tell the Insurance Company to buy one for you of comparable value. I can't believe one would settle at a little over $200.00 and keep the car. Tell them to get real.
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I received ACV for the vehicle as determined by USAA and their service CCC One Market Valuations. They deducted $225 from the settlement because I chose to retain the vehicle.
$225 is the salvage value, meaning the value of the metal in the vehicle by weight.
My argument is that the vehicle as is is worth well more than $225, as it is a operable vehicle in very good condition for its age, except of course for the obvious damage.
I also understand, however, that true value is only determined when buyer meets seller...