i need to find a NADA and Red Book price for a 2005 tc with 25,500 miles. my insurance company paid toyota financial $11,500 for my car-basically screwing me so hard. as of right now i owe toyota $5500 since the insurance company only that ridiculously low amount. the way they figured the price was to take the bill of sale and subtract 25cents per mile. they said they couldn't find a nada value or red book value since the car was so new. i just couldn't understand that-the 2006 tc is available already, it's been available, so how could they not have a price for the 2005? if anyone can help me out with either number, it'd be greatly appreciated. they're supposed to take the nada and red book prices, and give u the avg of the two. it should be much much higher than $11,500.

 

get prices of used tC's. use that as a barganing tool...

 

http://www.kbb.com has it.
$14,675 for a tc with your miliage in CT

 

second that. try CarMax, since they are nationwide. in Texas tC's have been bringing near sticker at auction. yours is a little high on miles, but the reality is that you couldn't replace your car at $11,500 even with the mileage.

 

It should be worth way more than that. Just keep in mind BUY GAP next time!

 

i'm definitely getting gap with my new tc. these insurance people are making me crazy. i had my attorney's pull a copy of regulation 64 in the NY State Insurance manual-which is what the insurance company is hiding behind as far as the valuation goes. they've taken the bill of sale and subtracted almost $7000 due to mileage. regulation 64 says that they can only use this method of valuation if the car is destroyed within 90 days from the date of sale. the car was purchased 10 months ago. i never realized what a bunch of lying pieces of **** these insurance companies are. they didn't think i would ever go and look up the regulation they're trying to use in screwing me, but i did, and now i know they're scumbags of the highest degree. they were supposed to use nada and redbook value, or go find a similar car within 25 miles being sold by a dealership-which i found, which is being sold for $16,998. i've come to hate insurance people so damn much. if this was a normal person pulling this crap with me they'd be speaking with my baseball bat, not my attorneys.

 

Typically insurance companies will derive a value by looking at what the same year/model car with similar mileage is selling for used within a 100-mile radius of you. Obviously your insurance didn't do this.

That said, insurance companies also typically do not cut a check until you've agreed to their offer. If you took the payout and decided later it wasn't enough, you're probably SOL. If you never agreed to anything, though, definitely get your lawyer involved. Insurance companies will always try to lowball you initially, and you should always be able to get more out of them if you stand your ground.

--mark

 

Kingston, your car is scheduled to come in on Weds afternoon. We gotta get this squared away for you...the blue tC that was used in our showroom ended up going yesterday for $16,995...we have the paperwork if you need it...just call my cell(I forgot to tell this to you before on the phone ) if you got any questions.

 

Anything going on with the owners of the pole?

 

You're definately getting rimmed on this one. Who is your insurance company?

 

Yeah who is your insurance company? so i know to avoid them