If you have a "friend" thats a realitor ask them? Or auctioneer. Most are cert. to appraise. They may not know what your particular equipment is worth. But they can work with you. Wink Wink. Also for the bank once I pulled the highest to lowest, and middle of like model from truckpaper. Because they asked me how to value them.
Truck appraisal?
Discussion in 'Ask An Owner Operator' started by Mattflat362, Apr 25, 2018.
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Springfield Peterbilt says my 86 359 is a 60k truck. I think @Largecar359 has an 85 that's a little nicer than my 86. I doubt 60 will get either of them bought today. My 85 they started at 20 we met at 30 and I kept it. It was my every day truck and rough compared to my 86, but I still wouldn't have taken 50 for it. But I was caught without an appraisal. That said once I showed them what my 86 is really worth my ins went up almost 300 a month and they know I use it very little. I just had joplin paint my 91 379. It has a out of frame new engine, right at a million original miles. A very clean truck, I'm curious how bad this is gonna hurtMattflat362 and Ruthless Thank this. -
Got my 2000 379 car hauler truck totalled after fire , got 38k out of 40 insured
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THAT right there is the most factual statement made here in a looooong time my friend.
I'm STILL dealing with the aftermath of my wreck which was 100% the adverse side's fault that totaled my 2000 W900L, a truck which I had north of 42K in recent upgrades that brought me 37K in settlement, but didn't cover the replacement cost and rebuild of my current truck by any stretch.
The scumbag that caused me to wreck was in a 2017 BMW M3 (December 2016,) and had a whopping 20K worth of coverage through Geico with a 70K dollar car they tell me. In Massachusetts that's all they require. Just had an hour-long discussion last night with ONE of the several attorneys involved in helping us recoup "something" from the mess. Geico isn't going to shed a tear and just submit me a check for a dime without a knockdown, drag-out fight which I'm certainly engaged in until somebody gives in, and it ain't gonna be me. We'll get "something" in time...but sure can't expect to retire off of it. I'll be lucky to recoup a percentage of my loss of revenue for the 3 months I was out of business rebuilding the current truck and regrouping.
I'm not a big fan of insurance companies at all...Mattflat362 and Ruthless Thank this. -
Me neither bud! I feel the same. They take take take by mandated law and then fight a person til death with a legitimate claim. No one ever talks about how much money they have just sitting in holding. Trillions.
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A few years old but a good read:
Insurance: $7 Trillion Goliath -
Big money runs politics, under the guise of "public safety" in so many facets. It's just an investment in the eyes of those businesses. "Lobby" politicians with enough perks to pass a law you write, then see a healthy percentage return on your investment every year for as long as it stays a law.
About 10 years ago my neighbor was in the well pump business; and was a member of a national group that represented the owners of companies like his.
He told me annual dues were just shy of $19,000 a year for membership. I thought that was a lot of money, he explained to me that approximately $1 million a year is spent on lobbying, which across all the members allows for approximately $3 million per year in the government subsidies, government contracts, and favorable Language in bills on both a state and national level.
From an investment perspective that's quite a lucrative proposition, spend a dollar get three back. It's just business on their end, but it certainly ####s the rest of us, when you consider how many industries do that same thing, and some of them spend a lot more money per year.Last edited: May 8, 2018
Mattflat362 Thanks this.
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