| Vancouver Auto Chat 2016 VAC Community Head Moderator: Raid3n |
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12-16-2009, 08:42 PM
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#1 | | RS Lurker, I don't post!
Join Date: Dec 2009 Location: Vancouver
Posts: 2
Thanked 0 Times in 0 Posts
| Need help: challenging writeoff value from icbc
Hi guys I was recommended to ask your forum for help in finding out how to challenge my ICBC settlement.
My 1991 240 DL was declared a total loss by ICBC. It had the m47 5-speed transmission, 320k, and was generally in good shape. No rust and maintenance kept up on. They offered me $2100 minus my $300 deductible which I feel is too low.
Is what they offered me in line with what the car is worth? I can't find any 5-speed cars for sale in Vancouver right now. I was hoping to get at least $2000 after my deductible, and my mechanic has told me it is worth more than that. When I was talking to the adjustor they said they took $400 of the value of the car because the average mileage of those cars that age is 250k! I find that hard to accept and I feel like I am being sold short.
Thanks
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12-16-2009, 08:58 PM
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#2 | | Banned (ABWS)
Join Date: Oct 2005 Location: BC
Posts: 741
Thanked 54 Times in 41 Posts
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seems pretty good to me
i sold a 93 corolla with 160k in perfect condition for 1000$ 2years ago
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12-16-2009, 09:09 PM
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#3 | | Willing to sell body for a few minutes on RS
Join Date: Oct 2006 Location: Vancouver
Posts: 12,074
Thanked 3,186 Times in 929 Posts
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that seems acceptable
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12-16-2009, 09:15 PM
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#4 | | RS has made me the bitter person i am today!
Join Date: Dec 2008 Location: Richmond
Posts: 4,779
Thanked 2,543 Times in 840 Posts
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ICBC doesnt value cars high just because its 5 speed.
and yeah 2100 is pretty fair.
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12-16-2009, 09:17 PM
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#5 | | I have named my kids VIC and VLS
Join Date: Oct 2001
Posts: 36,404
Thanked 14,316 Times in 5,636 Posts
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i doubt any car with that many KM's will be worth much more
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Last edited by Hondaracer; 03-07-2010 at 07:20 PM.
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12-16-2009, 09:35 PM
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#6 | | Need to Seek Professional Help
Join Date: Mar 2003 Location: Vancouver
Posts: 1,091
Thanked 164 Times in 83 Posts
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seems fair....what makes you think its worth more?? because a mechanic said so??
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12-16-2009, 09:43 PM
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#7 | | I *Fwap* *Fwap* *Fwap* to RS
Join Date: Apr 2004 Location: Victoria
Posts: 1,559
Thanked 1,005 Times in 231 Posts
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thats fair, thats all you're going to get
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12-16-2009, 10:36 PM
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#8 | | Even when im right, revscene.net is still right!
Join Date: Nov 2006 Location: Vancouver
Posts: 1,363
Thanked 81 Times in 41 Posts
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for a 91.. thats not too bad.. i work for a brokerage.. and the tend to give market value.. and this is pretty mk value...
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12-16-2009, 10:42 PM
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#9 | | Banned (BBM)
Join Date: Dec 2003 Location: No
Posts: 727
Thanked 6 Times in 5 Posts
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what more do u want from a 1991 240DL? just take the money and run!
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12-16-2009, 11:09 PM
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#10 | | I *heart* Revscene.net very Muchie
Join Date: Sep 2007 Location: Vancouver
Posts: 3,918
Thanked 1,825 Times in 523 Posts
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seems about right
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12-16-2009, 11:58 PM
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#11 | | 2x Variable Nockenwellen Steuerung
Join Date: Oct 2002 Location: N49.2 W122.1
Posts: 6,176
Thanked 1,174 Times in 704 Posts
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It is too late to get a significantly higher value. If you really want to get an "agreed upon value" you need to put the car into collector status.
It is another cautionary tale to those of us who have cherished older cars. Get the car in tip top shape and go through the ICBC hoops, or else you will be given the blackbook value which is basically nothing after an accident.
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12-17-2009, 06:19 AM
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#12 | | RS Lurker, I don't post!
Join Date: Dec 2009 Location: Vancouver
Posts: 2
Thanked 0 Times in 0 Posts
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Thanks guys
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