Home > The Decision

The Decision

October 25th, 2019 at 02:37 pm

Allstate called yesterday morning with the verdict. My car is unrepairable; it is totaled. I thought that was probably the case, but I will admit I was hoping not.

They will give me $6,552, plus, when I buy a new car, they will reimburse me for taxes (maximum of $705), and transfer fees of $135. But all I will have in hand to buy is the $6,552. That will not buy much. It definitely will not replace the car I had.

I have $3,000 to spare in savings. Plus, based on my last car-buying experience, I can charge $2,000 and pay the balance in cash, and thus avoid financing. (I don't want to finance, because a car payment would put me right back in the misery I experienced in gap year.)

So, my buying power is a maximum of $11,552, which puts me in a better range of vehicles. I did some looking online yesterday, but didn't find anything that excited me. I don't have the money yet anyway, so I can't do anything.

I had to go to the repair shop and clean out my car, which was not easy. I had to take the train there because DIL was working frantically on the biggest event of her company's year, and thus unavailable. I filled two IKEA bags. I also had to shoulder a heavy foldable chair, that at least had a strap, but it was still hard to manage. I took the stuff home on the train. It was an exhausting walk home (about six blocks).

I really didn't have a lot of junk in my car, though it sounds like it! I had a big bag of snacks for the boys, some emergency car supplies, a blanket, a bleacher chair (in addition to the folding chair), an umbrella, and the small stuff like the transponder, baseball hat, phone holder, headphones, sunglasses and contents of the glove box.

Because I neglected to bring my title I had to go back a second time. This time I took the bus, which was much easier. It was actually a direct route to where I had to go, though there were a lot of stops. I was kind of glad to learn how to take the bus and where it would go. (I'll take it to the library today.) Both the train and bus are free for me; it is a senior benefit.

By the time I got home the second time, I was beat, but it was time to take care of the boys. I went over there to wait for them to walk home from school, but to my surprise DS was there! He was getting ready for the event, and hung around for about an hour, waiting for his ride. He ordered pizza for us, and I was grateful, because I didn't feel like cooking after my big day.

I was sprung around 10 pm. Came home and slept like a log.

So, the money hasn't hit my bank account yet. I'll keep checking throughout the day. My understanding was that it would be immediate, but maybe it won't happen until the agent has his hands on the title, which is sitting in my wrecked car now.

After all that, I can honestly report it was a no-spend day!

11 Responses to “The Decision”

  1. ceejay74 Says:

    Boy that really bites that insurance doesn't cover car replacement. I'm glad you were able to come up with a good plan to fund the purchase!

  2. Butterscotch Says:

    You have the most amazing attitude towards challenges. It’s really inspiring. Many people would just rant and rant until they were blew in the face, but you just keeping moving forward. You seem so have a fabulous personality and I bet people are drawn to you because of it!

  3. AnotherReader Says:

    It may be helpful to check Kelly Blue Book and to see if Allstate's offer is correct. If you had low miles or the car was in excellent condition, it could be worth more. Insurance companies often offer low compensation to start with and they can be negotiated up if you have evidence they are wrong. Also, make sure they are giving you the retail amount, not the private party value. Adjusters are encouraged to lowball customers, and being older and female, you are a perfect target.

  4. crazyliblady Says:

    Have you considered taking the driver to court? Paying for part of the value of the car seems less than fair since you were not at fault.

    What do you mean by you can "charge $2,000 and pay the balance in cash"? Are you talking about financing $2,000 of the car cost?

  5. creditcardfree Says:

    crazyliblady, she means she can put $2,000 on a credit card, presumably for the short term, and pay the remaining balance in cash. We actually were able to put $3,000 on a credit card when we bought our daughter's car. We paid it off when it came due.

  6. creditcardfree Says:

    AR has some good advice! I hope you do a little research and see if you can get a little more. There are several insurance companies now that offer replacement value. I'm sure premiums are higher, too.

  7. latestart Says:

    I agree with AR. Do you have an documented recent maintenance. New tires for example.

  8. CB in the City Says:

    I did look at Edmund's to check the value, and the amount offered seems on target. It's just that the dealers do not sell the vehicles at that price.

    Thank you for your kind words, Butterscotch! I do try to always look forward. I haven't always been like that, but I have learned!

  9. Amber Says:

    Aw I’m sorry. Hope you can find a replacement you like

  10. AnotherReader Says:

    If dealers don't sell them at that price, then Allstate has not compensated you properly for your loss. You are not receiving the market value of the car. In your shoes, I would gather listings of that year and model in equal condition and go back to Allstate to ask for fair compensation.

  11. FrugalTexan75 Says:

    Sorry your car was totaled. I hope you're able to find a good replacement.

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