Car Totaled. Adjuster low-balling?

[reddreads]

Hi all,

My spouse recently had their car totaled in an accident in which the other party is entirely at fault. The car in question is a 1994 Volvo 940 Turbo Wagon, with $13k with 50% more mileage:

https://bringatrailer.com/listing/1994-volvo-940-8/

https://carsandbids.com/auctions/rb54DYwK/1995-volvo-940-turbo-wagon

(I have no experience with older cars, so this honestly seems high to me personally)

However, the adjuster is offering $3250, based on "calling Volvo dealerships in the Northwestern part of the state". I've read that the adjuster is supposed to go off of the "Actual Cash Value" of the car, and not the Kelley Blue Book value. Since the KBB value of this car is roughly $4k, I believe that is what the dealerships are going off of (we've had people offer us more on the roadside).

Also, there are *barely comparable*, lower tier models (non-940, non-turbo, non-wagon), with many times more miles and worse condition going for similar prices:

https://imgur.com/2VWMdLW

Is our assessment of this price correct? Are we being too unreasonable? This is our first time dealing with a totaled car, so any help would be very much appreciated, thank you!

 

[resjudicata]

@reddreads I have a feeling that $13K is an enthusiast/collector price for this car. Not the ACV. The comps you listed were for two online sales from what I gather are enthusiast website.

At the end of the day, this is a 30 year old car. I think you should be ecstatic that you’re getting $3 grand out of it…

 

[jazzino]

@resjudicata It’s great they have these links but honestly don’t even think they’ll be accepted.

 

[66walkinfaith]

@reddreads FB Marketplace posts are like $500 for most, $3-4k for really nice ones, and $12k for a collector type that will probably never sell.

 

[resjudicata]

@66walkinfaith Yea, exactly. I just looked it up on my local FBM. There are two in my area: a ‘93 sedan model for $1,500 and a ‘94 wagon model for $5K.

The wagon model was listed over 6 months ago…