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Re: How much should I expect to get from insurance (archive)

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Posted by Chris W. on September 26, 2000 at 21:54:42:

In Reply to: How much should I expect to get from insurance? posted by frank on September 25, 2000 at 23:48:30:

You might have trouble getting what these cars are really worth. When I was buying my car 3 years ago, I looked up the used car price in the Canadian Red Book of Used Car Values, and the figures they gave were all well below most of the ads I saw. It looked like the book just applied straight-line depreciation for the car because the price difference from '91-'90, '90-'89, and '89-88 were all about the same, but most ads I seen for these cars, the year doesn't seem anywhere near as important as condition or mileage.

Maybe it would help if you brought in a lot of ads for other M3's for sale. Problem is these ads only give an idea of what people are asking for these cars, not what they actually sell for.

Best of luck, and best wishes that you and your son weren't hurt.

Chris W.

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