Originally Posted By: css9450
Originally Posted By: hattaresguy
This story doesn't add up. Important details to this story are missing.
Here's the other article I mentioned earlier:
http://capegazette.villagesoup.com/p/no-deal-yet-over-wrecked-camaro/1098871
Call me heartless, but I think various mentions of the grand-daughter's college expenses, the "pain and suffering" and the line about "we're not looking for a million bucks" are just cries for sympathy.
Insurance is what it is. This car wasn't a 2014; its two years old already. If it was, say, a 2002 Camaro surely no one would be suggesting the dealer owes him a 2014?
Well its not really a collectable car, what's it going to be worth in 18 years? I bet what a nice 1996 Z28 is worth today, maybe $5k? So not the brightest light bulb in the box to start with.
If he paid $60k and he is that upside down he must have had negative equity in the other car he traded and the 69 must have been a husk. Even if he put only $20k down his insurance should have paid him in the high $40k's judging by that other 2012 that was posted. So he should have his note paid off and a few extra bucks.
With his insurance check, and $5k of goodwill the dealer seemed to want to offer he could have bought a 2 year newer 14 for not much more.
So if they sticker for say $60k OTD and his insurance company paid out $45k, throw in another $5k from the dealer and he is only $10k off from a new car. $10k for two model years isn't terrible really. If the car was in such good shape he could probably bump the insurance check up a few grand.