actual cash value of a 95 - Honda Prelude Forum

modmic2000 · 03-21-2003, 02:57 PM

What would be the approximate 'Actual Cash Value' of a 95 vtec
68,000k /Azure / was in great condition, now its totalled.

bk94si · 03-21-2003, 03:26 PM

Depends on options but kbb.com says retail value is $11,570. That seems a little high to me but that is fairly low mileage.

tommygun124 · 03-21-2003, 03:37 PM

notice the totalled part? the only thing I have to go off of is I saw a 95 vtec for sale, hit in the back for 2800. I guess it depends how bad the damage is and where it is. but honestly my best guess would be that you could make the most $ by parting it out

bk94si · 03-21-2003, 04:06 PM

Oh, I thought he was wondering how much the insurance company should pay him.

In that case, it would depend whether the engine is intact or not.

tommygun124 · 03-21-2003, 04:08 PM

true that could be the case. I didnt even think of that

vipastyle · 03-21-2003, 04:18 PM

Part it out would be your best choice.

And for your future refrence kbb.com quotes are ALWAYS higher than what its really worth.

modmic2000 · 03-21-2003, 05:22 PM

Its totalled. I rolled it. If its worth around 10k what % will they sell it back to me for. Or how do they decide.

willmbrk · 03-21-2003, 06:50 PM

I work for an insurance company, and here is how we determine actual cash value:

We look in the Auto Trader and other ads. We figure what the going rate of vehicles like yours sell for. I figure you will get anywhere from 7-9k depending on your area. We also take off prices for wear and such on the interior condition. With a total roll like yours, the Total Loss Unit will make that determination.

modmic2000 · 03-21-2003, 08:47 PM

Quote:

Originally posted by willmbrk
I work for an insurance company, and here is how we determine actual cash value:

We look in the Auto Trader and other ads. We figure what the going rate of vehicles like yours sell for. I figure you will get anywhere from 7-9k depending on your area. We also take off prices for wear and such on the interior condition. With a total roll like yours, the Total Loss Unit will make that determination.

So as far as selling it back to me, how does that work?

modmic2000 · 03-21-2003, 08:49 PM

If I released liability of my car to the Ins. does that basically mean I gave them my car?

willmbrk · 03-21-2003, 09:09 PM

Basically, the insurance company buys the car off you. Speak with your insurance for further details on this