Now that everything is finally done, I can reply to this topic. Firstly, I've been paid out for the M3 and the two accidents. Accident benefits are kept open. I'm still waiting on 330 payout, but that's cause I have yet to submit reciepts - dealing with the M3 was far more important.
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Originally Posted by Oshiguru
Hopefully they give you a good amount for it  |
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Originally Posted by SSM_DC5
Since ownership was short, they may just give him what he reported on the transfer form.
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Originally Posted by 68style
Transfer form amount has absolutely no bearing on accident payout.
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Originally Posted by SSM_DC5
Wait and see what OP says then. If your car value is based on current market price... Why would icbc not try to say your recent sale IS the current value. Remember they're out to make money.
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Transfer form had no effect on accident payout. It is supposedly based on current market price. However, current market price is 28K and the lowest mileage at that price point is 177K km. My car had 150K km, 6MT, coupe. They used a white SMG coupe as a comparable. I have a full list of comparables with PDF copies and Excel worksheets that I used for evidence. It did not work. It didn't change a thing. I can upload said comparables to a Google Drive if anyone is interested.
Their initial offer was $9K, which I told him to fuck off and check himself. Next offer was $21K, at which point I was gathering and submitting evidence. They said we can go to arbitration. I didnt because of life circumstances. I'm still dealing with accident pain to this day.
Six months later, they threatened me with storage fees. So I got paid out $21K + tax for the car. I purchased for 17K. Buyback was $6500. I came out on top, but not enough to buy a comparable M3.
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Originally Posted by GIZZ
I know a few estimators. A few years ago they told me if it's $50 cheaper to repair a car vs write it off they would repair it. Is that no longer the case?
On the other end, the good news is ICBC has been super generous the past dozen or so years. Those girls have no idea of car values but the truth is they really don't want to deal with complaining customers.
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They defs wasn't generous. Post updated with pics.
