I had the same issue with a vehicle and I took the check but I also found out that the best thing I could do was to tell them I didn't want the car. I had to stand firm saying that if they bought it it was theirs.
Turns out I got more for it in the end because of some Law that specified that #1 vehicle Lic fees had to be returned because I no longer owned the car, and some other laws kicked in that increased the buyout and also vehicle insurance rebates kicked in. Add to that I didn't have to be bothered with it was a huge plus.
Not sure if it will work out for you that way but be aware that there may be salvage laws in effect and those paying the check have no obligation to tell you what they are.
Letting you keep the vehicle seems like their doing you a favor but in fact they may be transferring the burden of ownership of a salvaged vehicle to you for the expressed purpose of allowing you to bear the hidden cost of that ownership.
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Originally Posted by jetkona
The insurance company is paying 17K and giving me the car. I did some checking and that is around High Private Party Value. I'm not sure what more I would get from a law suit.
I'm starting to like XFive3.0' train of thought.
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01-18-2009, 04:15 PM
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