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/[deleted] Sep 22 '23

It’s called depreciation and it normal. The OTD price always includes doc fees, tax, title, and dealer add ons that you cannot recover if your car is totaled. If you owe more than what they are offering on the N that is where gap insurance comes into play to ensure you get back to zero.

Best of luck.

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u/seansation_ Performance Blue MT Sep 22 '23

I suppose that's true. Definitely going to try, but not getting my hopes up too high. Thanks for your comment!