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Hi Folks,
I have a Pajero myself, but a family member had a 2007 Prado Grande Petrol with factory alloy bar which was unfortunately recently written off by another family member, an 18 year old. She fell asleep in a 100kph zone and luckily sustained no injuries and the car saved her life. She didn't hit any other motorists. So no one was hurt, which is great. She lives with her grand parents and the grand father had heart surgery that same day and she'd only had three hours sleep and had been taking people to the hospital. She obviously shouldn't have been driving.
The Prado saved her life, she normally drives a 1995 Hyundai Excel. The car went off the left side of the freeway and took out one of those giant light poles, the bullbar snapped in half and the car hit the wall and ground itself along it.
Anyway, my question.
On the phone the insurance company said it has high K's, 315,000, and verbally said to the owner that because of that it would probably be a payout in the $20-$22k range.
However they've now valued the car at $16k, less excess and various fees and things, more like $14k.
If I were buying on the used market I probably wouldn't want to buy a 315,000 k car unless the price was very keen, I'd look for a lower mileage example, even though this drove perfectly and felt like it had plenty of life left in it. One owner, Toyota dealership servicing since new, no off road, country k's, etc. Just a 120km daily commute.
Sorry, my question:
Do you think $16k is reasonable market value? I was thinking it's low, and the owner does, but now I'm not so sure.
Certainly redbook says much higher, but that's based on a max of 230,000 k.
Only non-accident damage was in the third row, an english mastiff chewed some seat leather.
I have a Pajero myself, but a family member had a 2007 Prado Grande Petrol with factory alloy bar which was unfortunately recently written off by another family member, an 18 year old. She fell asleep in a 100kph zone and luckily sustained no injuries and the car saved her life. She didn't hit any other motorists. So no one was hurt, which is great. She lives with her grand parents and the grand father had heart surgery that same day and she'd only had three hours sleep and had been taking people to the hospital. She obviously shouldn't have been driving.
The Prado saved her life, she normally drives a 1995 Hyundai Excel. The car went off the left side of the freeway and took out one of those giant light poles, the bullbar snapped in half and the car hit the wall and ground itself along it.
Anyway, my question.
On the phone the insurance company said it has high K's, 315,000, and verbally said to the owner that because of that it would probably be a payout in the $20-$22k range.
However they've now valued the car at $16k, less excess and various fees and things, more like $14k.
If I were buying on the used market I probably wouldn't want to buy a 315,000 k car unless the price was very keen, I'd look for a lower mileage example, even though this drove perfectly and felt like it had plenty of life left in it. One owner, Toyota dealership servicing since new, no off road, country k's, etc. Just a 120km daily commute.
Sorry, my question:
Do you think $16k is reasonable market value? I was thinking it's low, and the owner does, but now I'm not so sure.
Certainly redbook says much higher, but that's based on a max of 230,000 k.
Only non-accident damage was in the third row, an english mastiff chewed some seat leather.
Whitey
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