we spoke at length, they adjusted the valuation of my car by approx $300 more.
each category listed here has three options
Major wear (reduction in value), normal wear (no change to value), and dealer ready (net increase in value)
Every comp shown starts at a list price
+/- trim adjustment, EXL V6 gives a $68 dollar value increase over my EXL 4cyl
minus a mileage adjustment if it has less miles than mine (an objective math formula)
**minus a $1069 condition adjustment to bring these 14yr old cars down to "normal wear"??
the $1069 under every comp is the total of every valuation category tallied as DEALER READY (since they are being sold by a Dealer
) even if the car is not in reality "dealer ready" in those areas.
My biggest concern is that there are comps which in pictures have significant damage, either to seats, or paint, etc. yet they all still receive the $1069 reduction off list "dealer ready" price
also how is it that every single comp gets "Dealer ready" engine and transmission valuations? based on WHAT? They just had a new engine or trans installed? ok sure but no comp here is advertising that it has a new engine and trans.
my car had *zero* leaks, works great, certainly no used car dealer was going to do anything to it if they were going to flip it.
I'm going to talk to the people who do the comps on monday(someone else other than the adjuster) but doubtful they will make any changes.
I personally think visibly damaged comps should be removed from valuation against my car or have the -$1069 condition modifier removed.
also a few of the comps come up at different prices online vs what insurance reports for list price. for example one comp they said is listed at 10,999 but is 11,777 on dealer website. Ironically every discrepancy on price is in their favor (they priced lower than what dealer website has listed) i think they should adjust these.
sorry for the rant