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Registered:
May 2002
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Re: Insurance company rip off!!!! (Read me!)
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Tue, 06 January 2004 11:56
 
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| Southo wrote on Tue, 06 January 2004 13:30 |
Example...Today a dickhead calls up and gets put straight thru to me...(I'll find out who the consultant was and get them later... )
He buys a 1985 AE82 1.6L Toyota Corolla CS Auto sedan about 12 mths ago for $2,800.
It has 255,000kms when he buys it.
He tells me the paint was a little faded, had mismatched tyres, and the engine blew lots of smoke after he drove it for about 3 mths...
So, he spends $2,750 on rebuilding the engine, $3,900 on a respray, $1,250 on new wheels and tyres, $1,100 on getting Air conditioning fitted, $450 on having power steering fitted and $495 on an alarm and immobiliser with 4 door central locking..
He is pissed at me because the maximum value I would suggest it is worth is about $5,000. He said it would cost him about $15,000 do rebuild it...
Just because you spend money on a car - it does not always add value...
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How true!
It cost us a fair bit to get our 'Rolla fitted with a 4ag last year...(more than I'd care to admit), and it's insurance value (agreed) wouldn't cover it's "re-doing" (but would cover a suitable replacement  )
The Cressida is even worse off because, like the bloke in the example above, we spent a fair bit on getting it to a reasonable standard - more than what the insurer would agree to cover it for. So, if it is a total loss, I'm out of the modded vehicle "game", but will at least have enough money to get a reasonable replacement. That's about as good as it gets...
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| | Subject | Poster | Date |
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Insurance company rip off!!!! (Read me!)
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Toobs | Wed, 31 December 2003 04:02 |
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Re: Insurance company rip off!!!! (Read me!)
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rollin | Wed, 31 December 2003 05:08 |
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Re: Insurance company rip off!!!! (Read me!)
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binny | Wed, 31 December 2003 05:19 |
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Re: Insurance company rip off!!!! (Read me!)
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Lucid | Wed, 31 December 2003 05:26 |
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Re: Insurance company rip off!!!! (Read me!)
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Toobs | Wed, 31 December 2003 05:59 |
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Re: Insurance company rip off!!!! (Read me!)
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7M-Brisbane | Thu, 01 January 2004 08:24 |
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Re: Insurance company rip off!!!! (Read me!)
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Classique71 | Thu, 01 January 2004 08:45 |
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Re: Insurance company rip off!!!! (Read me!)
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7M-Brisbane | Thu, 01 January 2004 08:41 |
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Re: Insurance company rip off!!!! (Read me!)
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Flem | Thu, 01 January 2004 09:18 |
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Re: Insurance company rip off!!!! (Read me!)
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toof | Thu, 01 January 2004 23:53 |
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Re: Insurance company rip off!!!! (Read me!)
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Toobs | Fri, 02 January 2004 00:38 |
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Re: Insurance company rip off!!!! (Read me!)
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7M-Brisbane | Sat, 03 January 2004 01:47 |
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Re: Insurance company rip off!!!! (Read me!)
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lang | Sat, 03 January 2004 04:34 |
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Re: Insurance company rip off!!!! (Read me!)
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_Why_ | Sat, 03 January 2004 05:17 |
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Re: Insurance company rip off!!!! (Read me!)
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7M-Brisbane | Sun, 04 January 2004 03:25 |
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Re: Insurance company rip off!!!! (Read me!)
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_Why_ | Sun, 04 January 2004 04:58 |
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Re: Insurance company rip off!!!! (Read me!)
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Lambolica | Sun, 04 January 2004 23:23 |
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Re: Insurance company rip off!!!! (Read me!)
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Toobs | Mon, 05 January 2004 01:09 |
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Re: Insurance company rip off!!!! (Read me!)
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Southo | Tue, 06 January 2004 02:30 |
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Re: Insurance company rip off!!!! (Read me!)
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biased99 | Tue, 06 January 2004 11:56 |
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Re: Insurance company rip off!!!! (Read me!)
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Toobs | Wed, 07 January 2004 04:07 |
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Re: Insurance company rip off!!!! (Read me!)
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Southo | Wed, 07 January 2004 09:20 |
