Hoping for some advice. My six month old Kia Cadenza was rear-ended (and totaled) while sitting in our driveway by a neighbor's car (parking brake apparently failed and it rolled down the hill and into our driveway). The Kia was a left-over 2015 that I paid right at $40,000 for. It has a whopping 4047 miles on it and was ion flawless condition.
The neighbor's insurance company is almost certain to call it a total loss, but NADA and KBB values run from $25,000-27,000. Do I have any recourse to obtain a better settlement? At $25,000, my depreciation cost would be $4.14 per mile driven, an outrageous cost of ownership. The closest comparable Cadenza for sale is a lower trim level and is listed at $29,000, with 500 less miles.
Thanks
The neighbor's insurance company is almost certain to call it a total loss, but NADA and KBB values run from $25,000-27,000. Do I have any recourse to obtain a better settlement? At $25,000, my depreciation cost would be $4.14 per mile driven, an outrageous cost of ownership. The closest comparable Cadenza for sale is a lower trim level and is listed at $29,000, with 500 less miles.
Thanks
