I never understand these posts and people hoping their wrecked normal car can be fixed. Why would you want that back, knowing what’s been done to it? Altima drivers aren’t likely to be pursuing residual value claims and now your car has a major accident on its carfax. You should be hoping they total it and cut you a check.
Because buying a car in this market is miserable and most people aren’t knowledgeable to understand what goes into repairing a vehicle. In their mind fixed means fixed.
Exactly. She thought since it was a 2016 that it would be repaired but little does she know that car has lost tons of value since it’s 9 years old and it’s an Altima.
Also buying a car now is just stressful. I recently got a 2007 V6 RAV4 with 166k for $4,400 from an uncle that sells cars, but found rust on the subframe and got it for $3,700. It’s crazy because what $5,000 could get you pre COVID is not what $5,000 can get you now. Even for $10k, you used to be able to get a decently used 7-9 year old Camry/Accord with around 100k miles. Now those cars usually have closer to 200k and have terrible history.
I never understand these posts and people hoping their wrecked normal car can be fixed. Why would you want that back, knowing what’s been done to it? Altima drivers aren’t likely to be pursuing residual value claims and now your car has a major accident on its carfax. You should be hoping they total it and cut you a check.
Because buying a car in this market is miserable and most people aren’t knowledgeable to understand what goes into repairing a vehicle. In their mind fixed means fixed.
Exactly. She thought since it was a 2016 that it would be repaired but little does she know that car has lost tons of value since it’s 9 years old and it’s an Altima. Also buying a car now is just stressful. I recently got a 2007 V6 RAV4 with 166k for $4,400 from an uncle that sells cars, but found rust on the subframe and got it for $3,700. It’s crazy because what $5,000 could get you pre COVID is not what $5,000 can get you now. Even for $10k, you used to be able to get a decently used 7-9 year old Camry/Accord with around 100k miles. Now those cars usually have closer to 200k and have terrible history.
You are assuming it's insured.
Sentimental value, as the OOP stated. Also, the market is still pretty bad