Prius nearly totaled

[CLJohnson72]

They ended up calling it a total loss.

The average value of a 2006 in my area turned out to be 20,300 with an average of about 35000 miles.

They ended up offering me 17,800 for mine that had 68,000 miles.

I am looking to dispute that, as the lowest selling price of any Prius on the list (autosource valuation database) was 18,500 and there was a 2006 with 81,000 miles that sold for 19,000.

They calculated 6.5 cents devaluation for each mile above the average mileage of 35,000. That is why the amount they are offering is so much less than the average price. 6.5 cents per mile is a typical amount, however I am arguing that a Prius (which holds its value better than any other car in its price range) should not be subject to typical devaluation.

I will update when the matter is resolved. If anyone has any insight, it would certainly be appreciated.

Also, I have many pics, but each time I try to upload it times out. Any advise?

Thanks!

[Prius 07]

In the current Consumers Report the Prius is shown as the best vehicle for resale value in relationship to the purchase price. Show that report to your insurance company and best of luck.

[Tempus]

Originally Posted by CLJohnson72

They ended up calling it a total loss.

The average value of a 2006 in my area turned out to be 20,300 with an average of about 35000 miles.

They ended up offering me 17,800 for mine that had 68,000 miles.

I am looking to dispute that, as the lowest selling price of any Prius on the list (autosource valuation database) was 18,500 and there was a 2006 with 81,000 miles that sold for 19,000.

They calculated 6.5 cents devaluation for each mile above the average mileage of 35,000. That is why the amount they are offering is so much less than the average price. 6.5 cents per mile is a typical amount, however I am arguing that a Prius (which holds its value better than any other car in its price range) should not be subject to typical devaluation.

I will update when the matter is resolved. If anyone has any insight, it would certainly be appreciated.

Also, I have many pics, but each time I try to upload it times out. Any advise?

Thanks!

I had a similar situation back in the late 70's when there was also a 'gas crisis'. I had a Rabbit Diesel, and they were basically like the Prius then. In demand, high resale and low depreciation.

Unlike the Prius they were also very popular with car thieves. Folks were saying that they were stolen and trucked to Mexico where Diesel was much cheaper than gasoline but I can't attest to the truth of that rumor.

One day I came out and the only thing left in my parking space was some broken glass and the Speaker Cover off the drivers door.

My insurance company had the same lowball approach. So, I asked them to identify ONE car that was for sale anywhere in the US with my features and mileage at the price they were quoting me that didn't have a salvage title.

Eventually they upped it to a relatively reasonable amount