A little over a year ago I purchased a vehicle, a Dodge Ram 1500, circa 2009. Since then I put new tires on it, mud flaps and step bars. It runs great. It looked great, not a spec of rust on it.
On the way to work someone rear ended me. His insurance company admitted the fault. I’m driving a rental car, paid for by them. I finally came to the appointment time to have it repaired. I dropped it off yesterday, and the repair shop, a good one, increased the estimate from what his insurance company said, ($3,600), to around $9,000. Similar vehicles cost in the area of $14,000 today. I still owe $8,000 on it. I had a good deal when I bought it, maybe about $5,000 less than what it was worth because of higher mileage.
I fear that his insurance company may say the vehicle is totaled. It’s still drivable, still runs great, at a minimum it needs a new bumper and brackets for the bumper and a tailgate.
Damn it, I liked that truck and hate to have another insurance company, not my own, say it’s totaled when it’s not.
I’ll just have to wait until his insurance company contacts me or the repair shop.
Any suggestions or similar experiences with anyone out there?