Quote:
Originally Posted by Bnagy4.8
The insurance company would only give me 19k which is as much as good trade in, not retail. Why they don't do retail is beyond me. They offered a compensation amount of 3k for a new vehicle. The only problem is that you can't find x5 4.8is SUVs in great condition anywhere with 50k miles. So I would have to settle with something else or pay significantly more on payments and out if pocket costs for a down payment which isn't fair to get back into something comparable.
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The settlement amount is negotiable. I had a similar situation with a dealer, we negotiated and finally they agreed to pay what i asked for without suit filed. Remember it is a insurance now you are dealing with, whoever bends over first will loose. Since your truck is unique in model and mileage, that i think you have a upper hand to negotiate. As the attorney mentioned above, a similar truck is asking closer to $29k, print those out to back up your reasonable request. See how far you can go before have your attorney get involve to negotiate. You are driving dealer's car anyway.