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Old 02-01-2013, 04:34 PM
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tturedraider tturedraider is offline
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Quote:
Originally Posted by SARAFIL View Post
How do you figure?

The only thing he should be paid is "actual cash value"... what amount that represents is up for debate, but it's not going to be MSRP once he drives the car off the lot. In particular, it's last year's model since a "new" car right now is a 2013.

Value will be based on what the selling prices are for similar cars in the market, but that won't be MSRP. Insurance company can search listings within a given radius of the OP (either used cars with similar mileage, or leftover 2012s) and see what the dealers would sell them the car for.
Because the car was virtually brand new. I'm not going to argue this here. Been there, done that. If you want to read more search my posts. I can assure you I'm not talking out of my butt.
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Last edited by tturedraider; 02-20-2013 at 01:31 PM.
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