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FS: '95 S6 wagon ... Phoenix, AZ
> > Could you flesh this out. They bought the car in 86 or 96? They put
> > down 10K and paid the note down another 8K so 18K in and got only 15K
> > from the insurance co? What was the price of 5KTs (then)?
They bought the car in 1986 -- 1996 was a typo -- and put $10k down on it.
They drove the car for the next nine months and put 8000 miles on it, when it
was totalled. After protacted negotiation with both insurance companies --
theirs as well as that of the driver who hit their car -- they ended up with
a settlment that left them $3000 short of the remaining balance due on the
loan. I didn't ask how much they paid for the car -- I'd guess somewhere
around $25k -- and it sounds like they got something in the range of $12k for
it.
I was trying to work on my mother's car at the time and wasn't doing much to
encourage further conversation so I can't flesh things out any better than
this ... of
course, I could always walk down the street and ask if anyone's really
interested.
As a further point of reference, I bought an '87 5k (non-turbo) with 22000
miles on it for $9400 in 1990 ... according to the window sticker, the
original owner had paid $28000 for the car three years earlier. Any time I
ever think about buying a new car instead of a used one, all I have to do is
get that sticker out & take a good, long look at it...
JG
> Could you flesh this out. They bought the car in 86 or 96? They put
> down 10K and paid the note down another 8K so 18K in and got only 15K
> from the insurance co? What was the price of 5KTs (then)?
They bought the car in 1986 -- 1996 was a typo -- and put $10k down on it.
They drove the car for the next nine months and put 8000 miles on it, when it
was totalled. After protacted negotiation with both insurance companies --
theirs as well as that of the driver who hit their car -- they ended up with a
settlment that left them $3000 short of the remaining balance due on the loan.
I didn't ask how much they paid for the car -- I'd guess somewhere around $25k
-- and it sounds like they got something in the range of $12k for it.
As a further point of reference, I bought an '87 5k (non-turbo) with 22000
miles on it for $9400 in 1990 ... according to the window sticker, the
original owner had paid $28000 for the car three years earlier. Any time I
ever think about buying a new car instead of a used one, all I have to do is
get that sticker out & take a good, long look at it...
JG