Insurance offer
Thread Starter
Instructor
Joined: Nov 2015
Posts: 179
Likes: 49
From: Mboro
Insurance offer
So my car got rear ended a couple weeks ago and it got totaled. The insurance just called me back today and offered me a 62k check. Is that a good price for a 2014 3lt fully loaded? Should I negotiate a higher price?
Safety Car
Joined: Dec 2004
Posts: 3,526
Likes: 20
From: Santa Fe TX
So if you are looking at true replacement, can you buy a 2014 3LT for 57k?
Probably, depending on location..
Last edited by jedblanks; Jan 7, 2016 at 02:14 PM.
Melting Slicks
Joined: May 2008
Posts: 2,359
Likes: 204
From: Sunnyvale CA
Sorry to hear that.
Hopefully you are OK.
Do not want to answer your question with other questions. However you did not say how many miles on your car. I say find the the Kelley Blue Book value of your car. This will be Used Retail from a dealer. Very good condition. And add sales tax and registration to the figure and present to the insurance company.
Hopefully you are OK.
Do not want to answer your question with other questions. However you did not say how many miles on your car. I say find the the Kelley Blue Book value of your car. This will be Used Retail from a dealer. Very good condition. And add sales tax and registration to the figure and present to the insurance company.
Thread Starter
Instructor
Joined: Nov 2015
Posts: 179
Likes: 49
From: Mboro
Pro
Joined: May 2015
Posts: 710
Likes: 93
I would go with the 16 2lt.... It seems like the 2-3 jump gets you very little for the money (better materials inside on surfaces you don't use...) and the newer year should have less issues, and more value.
Race Director
Joined: Jun 2005
Posts: 10,910
Likes: 2,701
From: Phila Suburbs 2023 C8 & 2013 650ix
And add sales tax and registration to the figure and present to the insurance company.
When your car is totaled, the insurance automatically adds the sales tax to the value that they determine the car is appraised at. Registration has nothing to do with the value of the car.
When your car is totaled, the insurance automatically adds the sales tax to the value that they determine the car is appraised at. Registration has nothing to do with the value of the car.
Racer
Joined: Mar 2009
Posts: 335
Likes: 40
From: Sacramento CA
Look on AutoTrader and similar sites for a good idea as to what your car is worth. Think of asking as market value. If the insurance company comes within an acceptable range plus tax and license. Take it and move on.
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Burning Brakes
Joined: May 2015
Posts: 1,025
Likes: 264
From: Port Charlotte FL
I think thats a great price if its a 2014 3LT Coupe. Not Z51 or convertible right ? That must have been a hard hit to get totaled in a rear ender.
Last edited by dmhines; Jan 7, 2016 at 04:50 PM.
Team Owner
Joined: Dec 2003
Posts: 57,408
Likes: 164
From: queensbury ny
So if you are looking at true replacement, can you buy a 2014 3LT for 57k?
Drifting
Joined: May 2015
Posts: 1,412
Likes: 140
Here is a Convertible with only 6K miles. Looks beautiful for $55K
http://www.carmax.com/enus/view-car/...results%20page
http://www.carmax.com/enus/view-car/...results%20page
Last edited by Black&White; Jan 7, 2016 at 05:19 PM.
Safety Car
Joined: Sep 2008
Posts: 4,296
Likes: 156
From: Location: Location: kAnSaS
that sounds like a great deal especially if it "doesn't" include sales tax. You can buy a 2015 1lt right now for 49500 plus tax. I think get a 2 lt 2016 gets you pretty close to that 62 number including tax.
heres a 2016 2lt manual for $56,995. a pretty great price that you know you can beat if you look around
http://www.ebay.com/itm/Chevrolet-Co...m=231806620692
heres a 2016 2lt manual for $56,995. a pretty great price that you know you can beat if you look around
http://www.ebay.com/itm/Chevrolet-Co...m=231806620692
Le Mans Master
Joined: Sep 2012
Posts: 7,146
Likes: 1,940
From: Hagerstown MD
St. Jude Donor '15-'16,'18
Take it and run. You can definitely find a replacement car for that price. Advertised prices on used cars can almost always be negotiated, except maybe at CarMax.
Race Director
Joined: Dec 2007
Posts: 19,574
Likes: 168
From: Frederick, MD
Team Owner
Joined: Mar 2004
Posts: 30,055
Likes: 351
From: Big Red Ne
Oh, and another thing. If your insurance company is supposed to provide you a rental of a vehicle that is the same as was totaled, you can use that as leverage by renting a C7 for a couple of weeks. That will get their attention real quick.
Last edited by rkhegler; Jan 7, 2016 at 10:00 PM.
Safety Car
Joined: Oct 2012
Posts: 4,788
Likes: 683
From: Austin Texas
St. Jude Donor '15
Lots of answers here, but the only way for you to feel good is to do some research on the various websites and compare prices of used. And I would check to see if the used C7's your checking out are certified, warranted, and clean Car Fax.
Several have bought 3lt 14's for upper $50"s so seems like a fair price to me.
C7's are being heavily discounted and you can get some crazy deals at this time, I am really surprised that your insurance company offered you that much.
Sorry that you got crunched and hope that you are OK and have no recurring issues down the road.
Several have bought 3lt 14's for upper $50"s so seems like a fair price to me.
C7's are being heavily discounted and you can get some crazy deals at this time, I am really surprised that your insurance company offered you that much.
Sorry that you got crunched and hope that you are OK and have no recurring issues down the road.