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> The car was only blue booked at 5k at the time, but we had to replace it with a 25k car, so I count that as a decent amount of loss. That's twisted logic. T
by harshreality 11y ago
> The car was only blue booked at 5k at the time, but we had to replace it with a 25k car, so I count that as a decent amount of loss.
That's twisted logic. There was a loss of perhaps somewhat more than $5k all things considered, but you didn't have to replace a $5k blue-book-value car with a $25k car. That $25k may have been a big outlay if you paid cash, but it's not a loss for that amount. So far, you've only lost $25k-(current bluebook value), which is much less than $25k (as long as the car hasn't been damaged) even if the car was new and dropped a thousand or two the moment you bought it.
- existencebox 11y agoI think you might have been misunderstanding my statement, as I would agree that the loss ranges between 5-10k (not far from your estimate.) To me it's a sum of 2 things: Loss of a 5k car + loss of opportunity/investment returns of 25k over at least 5 years. Don't mean to compare to OP's 50k repair bill, but even 5k-10k for someone else's negligence hurts when insurance somehow dodges the bullet.
- jstanley 11y ago> Loss of a 5k car + loss of opportunity/investment returns of 25k over at least 5 years This, but minus the value of the car you now have.