Settled with insurance co.

I had previously posted about a 1993 240 which saved my wife and
2 baby girls ( LOVE VOLVO ! ) .
It was a 240 sedan with 78k miles and in very good shape. I was
expecting to have to go a few rounds with the other parties insurance
company over it's value.They called today and said considering it's
good shape they would cut a check for $8145 plus tax,tags, and
2 car seats.
I bought a base 97 850 with 90K and all the records from being
serviced at the volvo dealer to replace it last week. I am happy
to see not just we brick nuts recognize the value of a volvo.

AJ

 

I hate to be cynical, but given you were obviously not at fault, it sounds
like they were in total ass saving mode... and somewhere in a glass sky
scraper, a sorry souless accountant, in conjunction with an equally souless
lawyer, said to their collected reprehensible selves... "if they are not
suing yet, give them an extra 20% to close the deal..."
and somewhere in the same building a vice president was smiling at the
spreadsheet in front of him......
Folks it's why I ALWAYS vote Democratic.

 

Why didn't you replace it with an equally well serviced, low-mileage 93 240,
for around $3,500, and use the remaining $4,500 to start your babies'
college trust fund?

Just ribbing you, a little.

Pat Q
Loves the old bricks, and cheap, too.

 

I paid $3700 for the 850 at a car auction ( here in NC ) a few
days before hurricane Isabel hit.
Kept a lotta buyers away.
That amount only settled the property costs . The wife wrenched
her arm and back and that will be settled later.

AJ

 

Dunno where you'd find a well serviced low mileage '93 that cheap, I've seen
a few for sale here and there in the $6000-$7500 range and they always go
quick.

 

The economy around eastern NC is pretty bad off and it is reflected at
the auctions.
I was a used car dealer ( everybody steps away :> ) and went to a
dealer only sale with a buddy.
3 year old or newer cars with less than 45k bring good money but
other cars are way in back off book. After I bought mine I saw a
spotless 960 with 90k bring 4600.
AJ

 

We all vote democratic. Else no votes.

I live in a Canadian province where we have publicly funded/controlled
mandatory insurance. Two things wrong with this set up: high risk
drivers subsidized by the rest of us and max pay outs much less than
in provinces with private insurance.

On the high risk side, we have teenage street racers killing
pedestrians regularly (if they kill themselves shows that Darwinism,
like gravity, is perfectly and fully functional) with their rates
being subsidized by the rest of us so they aren't descriminated
because of age (and experience). So then we have lots of
inexperienced, high risk racers endangering us all. And at the other
end we have 80 year olds losing control and killing pedestrians. High
risk at both ends of the driving spectrum.

On the pay out side, we get about 1/3 for a similar accident in a
neighbouring province. Payments are capped. Too bad dad or mom with
three kids at home being killed by an 19 yr old asshole in a souped up
RSX. And of course the courts are lenient when they do kill a
pedestrian.

Public insurance is bad in the only two quatitative measures that
matter. But socially, oh baby, we are all so friggin' equal.

Vote Libertarian. The choice is obvious.

 

Seeing it's Friday afternoon, why not stray a little bit off-topic, and
philosophize a little?

The fundamental theory behind insurance is to have all of the insurance
policy-holders (i.e., premium-payers) subsidize the few poor shmucks that
find themselves in the unfortunate position of having to file an accident
claim. Granted, different setups vary in the degree of subsidy, but it's
still a structure of a community of individuals pitching in to help an
individual member of same community. Still, I resent the percent of
commission that the insurance company takes right off the top.

Bitch, bitch, bitch...

Pat Q
6 cars (3 Volvos, one not running), 4 drivers (2 adults over 50, 2
teenagers, 1 male under 25, other female under 18), $600 US per month car
insurance, with Driver Training and Safe Driver discounts and home insurance
discount.

 

James,

I agree, you can find several low mileage vehicles at the price you mention.
But, with some effort, there are some terrific bargains to be found these
days on good 240s. Like this one:

My "new" car - '91 240 - I bought 2 1/2 yrs ago, with 80,000 miles,
well-serviced, for $2,900 in Dallas, TX. From a frickin' dealer, no less.
And I don't mean a GM dealer. It was a very established Volvo dealer. Face
it: the buyer market for outdated style of 240, though very loyal, is very
small.

My regular car is '70 1800E, so my new car is still pretty "new".

Occasionally, I think about trading it in for a brand new 940, simply
because the 240 style is so out-of-date. (Now, I'm being a little
sarcastic).