Any updates on the payout that the insurance provider will give your daughter? Has she picked her new ride yet?
We are still in dispute. After we did a bunch of research (dealer friend got auction results for 2017 X3's for the past 2 months and calculated average asking price of X3's of similar mileage and trim with clean Carfax's in the region) the insurance company's second, and according to them final, offer still came in about 3K below what she paid 7 weeks before the accident. Both dealer friend's I spoke with indicated that if anything her car would be worth as much or more now (stronger market right now than winter). I'm guessing the problem is we paid at the upper end of the price range but it was a local, nicely optioned, accident free,one owner CPO'd car that had received all new brakes and tires as part of that process
Only option now is either arbitration (costs apply and takes time) or suck it up and take the low ball offer. Given the relatively small amount of the dispute and no guarantee of success the latter may be the smarter ( but more annoying) choice. I am told the company (Royal Sun Alliance) has been recently bought out and new owners are on a cost control kick. That may explain the unwillingness to pay full market value.
She is going to take the weekend to decide.
What's next may be problematic as there are no X3's around with the options she wants. She wants to buy CPO'd and is reluctant to buy sight unseen so Covid restrictions limit her choice to NB cars.
