Nissan 370Z Forum  

Wrecked...

So with GAP whats the price that is considered the car worth? For instance: KBB says my car is worth around 35k and if insurance pays 30k then GAP pays

Go Back   Nissan 370Z Forum > Nissan 370Z General Area > Nissan 370Z General Discussions


Closed Thread
 
LinkBack Thread Tools Display Modes
Old 12-22-2010, 08:00 PM   #46 (permalink)
Base Member
 
Join Date: Aug 2010
Location: Columbus, GA
Posts: 46
Drives: 10 370z Red auto
Rep Power: 15
jamesleerpc is on a distinguished road
Default

So with GAP whats the price that is considered the car worth? For instance: KBB says my car is worth around 35k and if insurance pays 30k then GAP pays 5k? And if this is true, who determines what the car is really worth ?
jamesleerpc is offline  
Old 12-22-2010, 08:01 PM   #47 (permalink)
A True Z Fanatic
 
sonic370's Avatar
 
Join Date: May 2010
Location: Orange Texas
Posts: 1,574
Drives: 09 370Z Sports PGK
Rep Power: 18
sonic370 will become famous soon enoughsonic370 will become famous soon enough
Send a message via MSN to sonic370
Default

sorry to hear and see that. it looks pretty bad i'll throw my bid in at 18,000 to 20,000. you don't won't to hear this but if it was mine i would pray for it to be totaled. imo from the looks of it just judging by the pics,i hope you find a damn good body shop..............
sonic370 is offline  
Old 12-22-2010, 08:02 PM   #48 (permalink)
A True Z Fanatic
 
theDreamer's Avatar
 
Join Date: Feb 2009
Location: Texas
Posts: 30,879
Drives: 370z
Rep Power: 4210
theDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond reputetheDreamer has a reputation beyond repute
Default

Quote:
Originally Posted by jamesleerpc View Post
So with GAP whats the price that is considered the car worth? For instance: KBB says my car is worth around 35k and if insurance pays 30k then GAP pays 5k? And if this is true, who determines what the car is really worth ?
GAP is for your loan.
Say you owe 35k on the car.
Insurance pays you 30k.
GAP gives you 5k to cover the rest of your loan.
__________________
theDreamer's Z // Fast Intentions // Uprev // GTM // HKS // TEIN
theDreamer's Silvia // URAS // GREDDY
Houston Zs // Facebook // Twitter // Instagram
theDreamer is offline  
Old 12-22-2010, 08:02 PM   #49 (permalink)
Enthusiast Member
 
Join Date: Feb 2009
Location: EL Paso, Tx
Posts: 387
Drives: SR 370z
Rep Power: 243
kgreen has a reputation beyond reputekgreen has a reputation beyond reputekgreen has a reputation beyond reputekgreen has a reputation beyond reputekgreen has a reputation beyond reputekgreen has a reputation beyond reputekgreen has a reputation beyond reputekgreen has a reputation beyond reputekgreen has a reputation beyond reputekgreen has a reputation beyond reputekgreen has a reputation beyond repute
Default

no ur LOAN amount...if owe 30K and the insurance gives u only 25K..gap insurance covers that 5K
kgreen is offline  
Old 12-22-2010, 08:03 PM   #50 (permalink)
Retired admin
 
frost's Avatar
 
Join Date: Dec 2008
Location: Winterfell
Posts: 106,613
Drives: Your Wife Crazy
Rep Power: 0
frost frost frost frost frost frost frost frost frost frost frost
Default

Quote:
Originally Posted by theDreamer View Post
GAP is for your loan.
Say you owe 35k on the car.
Insurance pays you 30k.
GAP gives you 5k to cover the rest of your loan.


Right, and since there is a sport 370z in your area going for $26k, I don't think they will give you much more than that.
__________________
370z OG

Quote:
Originally Posted by rooftop View Post
<insert snarky, slightly condescending frost joke>
frost is offline  
Old 12-22-2010, 08:04 PM   #51 (permalink)
Base Member
 
Join Date: Aug 2010
Location: Columbus, GA
Posts: 46
Drives: 10 370z Red auto
Rep Power: 15
jamesleerpc is on a distinguished road
Default

Quote:
Originally Posted by sonic370 View Post
sorry to hear and see that. it looks pretty bad i'll throw my bid in at 18,000 to 20,000. you don't won't to hear this but if it was mine i would pray for it to be totaled. imo from the looks of it just judging by the pics,i hope you find a damn good body shop..............
Bullit recommended Artcraft Collision. I checked it out and it is 2 hours away. Just wondering though why would you want the car to be totaled? Like what would you do with the money? Personally, because this is in my best interest, i dont want the car to be totaled because if there is a chance to fix it we (my parents and i) would probably fix it. If it is totaled then i doubt my parents would get me a car half the price.
jamesleerpc is offline  
Old 12-22-2010, 08:04 PM   #52 (permalink)
Base Member
 
Join Date: Aug 2010
Location: Columbus, GA
Posts: 46
Drives: 10 370z Red auto
Rep Power: 15
jamesleerpc is on a distinguished road
Default

Quote:
Originally Posted by frost View Post
Right, and since there is a sport 370z in your area going for $26k, I don't think they will give you much more than that.
I have touring and nav though.
jamesleerpc is offline  
Old 12-22-2010, 08:08 PM   #53 (permalink)
A True Z Fanatic
 
m4a1mustang's Avatar
 
Join Date: Feb 2009
Location: Northern VA
Posts: 55,385
Drives: on two wheels
Rep Power: 6962
m4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond repute
Default

Quote:
Originally Posted by jamesleerpc View Post
Bullit recommended Artcraft Collision. I checked it out and it is 2 hours away. Just wondering though why would you want the car to be totaled? Like what would you do with the money? Personally, because this is in my best interest, i dont want the car to be totaled because if there is a chance to fix it we (my parents and i) would probably fix it. If it is totaled then i doubt my parents would get me a car half the price.
Diminished value. A car that has a wrecked history has extremely low resale value.
__________________
- Steve
MAZOC Meet Thread
Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!)
LIKE us on Facebook!
m4a1mustang is offline  
Old 12-22-2010, 08:09 PM   #54 (permalink)
Retired admin
 
frost's Avatar
 
Join Date: Dec 2008
Location: Winterfell
Posts: 106,613
Drives: Your Wife Crazy
Rep Power: 0
frost frost frost frost frost frost frost frost frost frost frost
Default

Quote:
Originally Posted by jamesleerpc View Post
I have touring and nav though.
Those are the details you may end up having to fight out. I had to argue that my camaro was an SS and not the cheaper Z28.
__________________
370z OG

Quote:
Originally Posted by rooftop View Post
<insert snarky, slightly condescending frost joke>
frost is offline  
Old 12-22-2010, 08:11 PM   #55 (permalink)
Base Member
 
Join Date: Aug 2010
Location: Columbus, GA
Posts: 46
Drives: 10 370z Red auto
Rep Power: 15
jamesleerpc is on a distinguished road
Default

Quote:
Originally Posted by frost View Post
Those are the details you may end up having to fight out. I had to argue that my camaro was an SS and not the cheaper Z28.
Do those insurance faggots try to cheat you out of your money like that? wow then again if i have GAP that covers any BS that the insurance plays right?
jamesleerpc is offline  
Old 12-22-2010, 08:12 PM   #56 (permalink)
Base Member
 
Join Date: Aug 2010
Location: Columbus, GA
Posts: 46
Drives: 10 370z Red auto
Rep Power: 15
jamesleerpc is on a distinguished road
Default

Quote:
Originally Posted by m4a1mustang View Post
Diminished value. A car that has a wrecked history has extremely low resale value.
I may sound really dumb for this. But i heard from a friend who wrecked his Bimmer that you can get your car repaired like to original quality and that the price doesnt drop or something. I may have misheard but do you know what i am talking about?
jamesleerpc is offline  
Old 12-22-2010, 08:12 PM   #57 (permalink)
A True Z Fanatic
 
m4a1mustang's Avatar
 
Join Date: Feb 2009
Location: Northern VA
Posts: 55,385
Drives: on two wheels
Rep Power: 6962
m4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond reputem4a1mustang has a reputation beyond repute
Default

Quote:
Originally Posted by jamesleerpc View Post
I may sound really dumb for this. But i heard from a friend who wrecked his Bimmer that you can get your car repaired like to original quality and that the price doesnt drop or something. I may have misheard but do you know what i am talking about?
Your friend is a moron.
__________________
- Steve
MAZOC Meet Thread
Zs & Coffee - Saturdays at 10AM in Fairfax, VA and Columbia, MD (Click the banner!)
LIKE us on Facebook!
m4a1mustang is offline  
Old 12-22-2010, 08:13 PM   #58 (permalink)
Retired admin
 
frost's Avatar
 
Join Date: Dec 2008
Location: Winterfell
Posts: 106,613
Drives: Your Wife Crazy
Rep Power: 0
frost frost frost frost frost frost frost frost frost frost frost
Default

Quote:
Originally Posted by m4a1mustang View Post
Your friend is a moron.
__________________
370z OG

Quote:
Originally Posted by rooftop View Post
<insert snarky, slightly condescending frost joke>
frost is offline  
Old 12-22-2010, 08:14 PM   #59 (permalink)
Base Member
 
Join Date: Aug 2010
Location: Columbus, GA
Posts: 46
Drives: 10 370z Red auto
Rep Power: 15
jamesleerpc is on a distinguished road
Default

Quote:
Originally Posted by m4a1mustang View Post
Your friend is a moron.

Well put then
jamesleerpc is offline  
Old 12-22-2010, 08:14 PM   #60 (permalink)
Administrator
 
Trips's Avatar
 
Join Date: May 2009
Location: Disneyland, Ca
Posts: 8,732
Drives: 🔰
Rep Power: 10
Trips has a reputation beyond reputeTrips has a reputation beyond reputeTrips has a reputation beyond reputeTrips has a reputation beyond reputeTrips has a reputation beyond reputeTrips has a reputation beyond reputeTrips has a reputation beyond reputeTrips has a reputation beyond reputeTrips has a reputation beyond reputeTrips has a reputation beyond reputeTrips has a reputation beyond repute
Default

Quote:
Originally Posted by m4a1mustang View Post
Your friend is a moron.
Quote:
Originally Posted by frost View Post
__________________


http://www.the370z.com/payments.php
Trips is offline  
Closed Thread

Bookmarks


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Wrecked my z kinda ddvette9 Nissan 370Z General Discussions 49 11-02-2010 09:51 AM
Wrecked my Z today Baer383 Nissan 370Z General Discussions 20 10-28-2010 07:27 PM
Wrecked my Z.. Gunzero Nissan 370Z General Discussions 35 10-13-2010 02:35 PM
Wrecked my Z!! sjilzian Nissan 370Z General Discussions 32 05-30-2010 09:57 PM
Wrecked! iceman21_23 Texas 28 10-12-2009 07:21 PM


All times are GMT -5. The time now is 07:14 PM.


Powered by vBulletin® Version 3.8.4
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.6.0 PL2