Date registered: Aug 2010
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How to value my car - It was totaled and need help with insurance
Hello and bad news. We lost a great car recently.
My friend had a beautiful '88 Mercedes 560 SL. It was burgundy with hard and soft tops and had 32,000 miles. Interior was perfect with tan leather in what appeared to be like new condition. Everything worked in the car perfectly and the car had been heavily serviced to maintain its like new status.
She had loaned it to her father who got it involved in an accident. The frame was bent badly and the car was pronounced totaled. It is very sad as it was a unique car. We had gone to a restaurant the week before and the valet remarked that this car was his favorite. I'm sure many people online here know how great these cars are.
My question is: how does one arrive at the right value for a car like this with the insurance company? I searched around to find comparables. After providing information on asking prices, the insurance company raised the proposed settlement to $18K. Do you think this is sufficient? If not, can you help us with better data to support a higher valuation? Any help would be appreciated. Sorry to login for the first time with such bad news, but I do have to say the car did a great job in the accident. Her father walked away unhurt.