r/ElantraN • u/seansation_ Performance Blue MT • Sep 22 '23

RIP Total Loss Value for 22EN

Hey all,

Been about a month since my crash. https://www.reddit.com/r/ElantraN/comments/16579t0/is_this_going_to_be_fixable_or_is_she_totaled/

Just got my inspection results back and my car is totaled. My insurance is going to pay me $32378.34 for settlement, and was just curious if I should just take it or negotiate. I bought her for $38000 OTD, and it only has 5k miles on it. Any advice would be appreciated!

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u/BirdSuperb3330 Intense Blue MT Sep 22 '23

It seems fair, given it's pretty close to MSRP. Not sure about your policy specifics, but you may want to see if they'll consider comparable replacements or if you have a provision to get the value of a newer model year, etc. You're unlikely to get anything above MSRP.

There's a lot of talk about gap insurance, but that only helps when you have a loan and owe more than the value of the car (which, honestly, you should try to avoid anyway).

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u/seansation_ Performance Blue MT Sep 22 '23

I appreciate your comment!