Total Loss On 2006 Rx400h

[Rajuthan]

Got into an accident few days ago. So the car got towed to a body shop and they told me around $5000-6000 to fix it up.

Today the insurance company told me its a total loss and to take my belongings out of the car.

So my question is what amount should I accept from my insurance company?

Info:

Im in Toronto, Canada and I bought the SUV in May 2009 for $39,138.68 total balance now is $28163.50

I've attached pics of the damage as well

-side air bag on the passenger side

-front passenger rim and tire

-dents above passenger rear rim

-rear bumper passenger side only

Thanks

[lemon]

I'm no expert, but it doesn't look that bad to me....??? Was there damage to the axles/diffs/transmission? How many KMs on the vehicle? Usually, a vehicle is written off when the cost to repair it is too great a percentage of the current value of the vehicle. I would have thought 5 - 6 k of damage wouldn't be enough to write off the vehicle.

[Rajuthan]

I'm no expert, but it doesn't look that bad to me....??? Was there damage to the axles/diffs/transmission? How many KMs on the vehicle? Usually, a vehicle is written off when the cost to repair it is too great a percentage of the current value of the vehicle. I would have thought 5 - 6 k of damage wouldn't be enough to write off the vehicle.

No damage to the diffs/transmission but axle maybe because the tow truck hooked it and it has 112k kms. Yea for a total loss the cost to repair must be over the value of the car and its not but Ill post an update once the adjuster contacts me.

Thanks

[skyfish400h]

Something tells me that there is more damage to the car that just what the body shop will have to fix.

Yeah, the $5-6K seems right, especially if there is any body damage under the car, but I fear there is $10K or more damage to the drive train and HSD system. Just look at the tilt on the front wheel.

So I think there is another shoe to drop on this story.

[400h08]

Got into an accident few days ago. So the car got towed to a body shop and they told me around $5000-6000 to fix it up.

Today the insurance company told me its a total loss and to take my belongings out of the car.

So my question is what amount should I accept from my insurance company?

Go to toyota.ca where you can get an estimate of your trade in value based on the black book.

Info:

Im in Toronto, Canada and I bought the SUV in May 2009 for $39,138.68 total balance now is $28163.50

I've attached pics of the damage as well

-side air bag on the passenger side

-front passenger rim and tire

-dents above passenger rear rim

-rear bumper passenger side only

Thanks

You can go to toyota.ca and get an estimate of your trade-in value which is based on the black book.

[08rx400h]

I had a total loss in a accident at other driver's fault last July. Here in Florida, the law says if the repair costs more than 80% of the current value of the vehicle, it's a total loss. Trust me, you will never get back what your car is actually worth.

If your accident is caused by other driver, don't wait, hire a attorney NOW, it's vey painful to deal with insurance company by youself!

[RX400h]

Here in Florida, the law says if the repair costs more than 80% of the current value of the vehicle, it's a total loss.

If this were the case where the OP lives, that would mean his car is worth a mere $7500. If his car is really worth, say $30,000, then the loss amounts to just 20% of the car's value. Something just "aint" right!

No wonder why there are so many "salvaged" vehicles out there.

[Jim Clark]

Here in Florida, the law says if the repair costs more than 80% of the current value of the vehicle, it's a total loss.

If this were the case where the OP lives, that would mean his car is worth a mere $7500. If his car is really worth, say $30,000, then the loss amounts to just 20% of the car's value. Something just "aint" right!

No wonder why there are so many "salvaged" vehicles out there.

+1

[Rajuthan]

Update:

This is the amount the Insurance company wants to pay for the Rx400h

I got him to bump it from $32k to $34k

$31,165.00 + tax $4,051.45 =$35,216.45 (-) $1,000.00 deductible =$34,216.45

I haven't accepted the offer yet.

[pauljcl]

If it were in the US, and with US$, I'ld say 'go for it'.

For To., cannot comment.

[cduluk]

That's $32,881.46 USD. Definitely more than it's actually worth!

[lemon]

Just had a quick look at trader.ca - Considering your mileage, I think that's a decent price, yes.

[Jim Clark]

Without having done the research, $34k US sounds like a very reasonable offer.

[SW03ES]

I'd take it and run...

Vehicle damage is a funny thing. There is so much damage that can be done beneath the surface, to the suspension, the costs of the airbags are huge. A lot of it has to do with whether or not the insurance company wants to continue to insure it after the repair is completed...

[cduluk]

I'd take it and run...

Vehicle damage is a funny thing. There is so much damage that can be done beneath the surface, to the suspension, the costs of the airbags are huge. A lot of it has to do with whether or not the insurance company wants to continue to insure it after the repair is completed...

Yeah, that's a good point...

I don't care HOW good a repair shop might be, a structural repair will never be as strong as when original.

I wouldn't want to be driving around in a car that's had structural damage even if welded back in place. I just wouldn't trust it in an accident... :(

Paintwork i don't mind since it doesn't affect structural integrity, but anything to deal with the frame and hidden parts i would worry about.

That's why most people buying a car often run the other way when they see a carfax with accident history. <_<

[SW03ES]

I would just never feel as secure about the car again...I think its great it was totalled and you got such a good buyout.

[BobBass]

Rajuthan,

That is SAD to look at - I have the SAME color except mine is a 2008 with the chrome door handles.

Good Luck with the insurance.

[Kyle Petree]

I'm amazed they totaled that. I ran my 03 ES into a tree last March and did over $7k in damage and they fixed it. However the airbags didn't go off so that may have been part of it. But anyway getting $34k for your RX IMHO is a good deal.

[cduluk]

That's especially a good deal for an 06, considering the most recent value of the 400h.

Last May, an 08 400h was worth $41,000, now 9 months later an 08 is barely worth $33,000 :(

$33,000 for an 06 right now is a HUGE deal.