Mattsburgh
Active Member
Apples and oranges. When your car is totaled they legally owe you what the car was worth right before it was wrecked. With a buyback they are basically undoing the purchase process including even paying us back any tax we paid on the purchase. They are, however, of course allowed to make a reasonable deduction for depreciation. In your case it's all about what the car is worth "now" if you tried to sell it. In a buyback that's not relevant at all.I suspect buyback offers will proceed much like my "butthurt" insurance settlement. Some determination of "market value" at the time, possibly with some bit of sleazy lowballing thrown in.
_H*
I agree that if they agree to give me some part of what I paid for the vinyl it's probably lucky. Or at least I would say if they agree to do it without a fight it's lucky. I do feel I have a fairly reasonable argument as to why they should at least pay something even if it's like only say half. It's all about whether they're being reasonable or cheap. More often than not, we know the answer when it comes to corporations.