I own(ed)a 2005 Prius with 70K miles until it was rear-ended quite badly 2 weeks ago. The impact had severed the wire to the battery causing the car not to start, not to mention the extensive damage to the frame and body. I wasnt hurt.
But the dilemma is this, this is my first "nice" car, I just graduated and dont make oodles of cash yet. I had carefully calculated and included the car payment+ insurance in my monthly budget, but the pay check will not allow for other repairs or frequent trips to the repair shop.
The question is how do I open the discussion with the Insurance company? They will only pay for aftermarket parts, not new. Also, currently if I will have to replace my car I will have to pay close to $13,000+. If they repair my car, I am afraid it will never be the same and there is obviously going to be severe loss of value.
Can anybody please help me to decide how I should go about this? should I negotiate with the insurance company to pay for loss of value? should I bite the bullet, take what they give me and hope that the car doesn't give me any future trouble? Please help!!