Car Accident - Car Totaled
Last week I TOTALED MY CAR. Correction, an uninsured guy ran a red light as if it didn't exist and totaled my car.
I planned on having my flawless 2004 Toyota Camry for a very long time, but thanks to "Mr. Crossed Six Lanes of Busy Traffic on a Red Light" that's not happening.
I've been in two wrecks where a car was totaled, both not my fault, and both times the other person DIDN'T HAVE INSURANCE.
Suppose this wreck was my fault, my insurance would taken care the other guys expenses....but when the tables are turned and it's HIS fault, I get nothing? Doesn't sound fair at all, and therefore I'm pressing charges against this guy. All he gets is a minor ticket for driving without insurance?? NO WONDER so many people don't get insurance, there's really no urgent need for it.
Here I display my Flash design skills and have recreated a crude version of the accident:
The second I saw him cross into my lane (I had a green light and was going the speed limit) I swerved & braked, but it was too late. He almost hit a bunch of other people going through the light also, and more than 4 people turned their cars around to yell at the guy....two of them stayed to testify for me.
The thing is, I can't really afford to pull more than $8,000 (Possibly more than $10,000) from nowhere. I also refuse to take a loan for a new car. I will buy a car for cash, even if I have to drive a low-end Kia. In an extremely regrettable decision, I might have to sell off a lot of my stock to pay for this....or start making a lot more money, really fast (I like the latter option)!
I'm grateful this is a financial impact rather than a health impact. I remember seeing the door handle of the truck slamming into my car not even two inches from my face...so this situation could have been MUCH worse.
----------------
Now I need to do the (im)possible and find a NEW Toyota Camry for under $10,000. That car holds it's value so well that it's very difficult.
I planned on having my flawless 2004 Toyota Camry for a very long time, but thanks to "Mr. Crossed Six Lanes of Busy Traffic on a Red Light" that's not happening.
I've been in two wrecks where a car was totaled, both not my fault, and both times the other person DIDN'T HAVE INSURANCE.
Suppose this wreck was my fault, my insurance would taken care the other guys expenses....but when the tables are turned and it's HIS fault, I get nothing? Doesn't sound fair at all, and therefore I'm pressing charges against this guy. All he gets is a minor ticket for driving without insurance?? NO WONDER so many people don't get insurance, there's really no urgent need for it.
Here I display my Flash design skills and have recreated a crude version of the accident:
The second I saw him cross into my lane (I had a green light and was going the speed limit) I swerved & braked, but it was too late. He almost hit a bunch of other people going through the light also, and more than 4 people turned their cars around to yell at the guy....two of them stayed to testify for me.
The thing is, I can't really afford to pull more than $8,000 (Possibly more than $10,000) from nowhere. I also refuse to take a loan for a new car. I will buy a car for cash, even if I have to drive a low-end Kia. In an extremely regrettable decision, I might have to sell off a lot of my stock to pay for this....or start making a lot more money, really fast (I like the latter option)!
I'm grateful this is a financial impact rather than a health impact. I remember seeing the door handle of the truck slamming into my car not even two inches from my face...so this situation could have been MUCH worse.
----------------
Now I need to do the (im)possible and find a NEW Toyota Camry for under $10,000. That car holds it's value so well that it's very difficult.
Labels: Transportation
posted by Neville @ 1:03 AM
47 comments
47 Comments:
You should sue the guy, even if that means all you get is a right to collect. Drivers like that should not be on the roads.
Consider looking for a Benz, 300D or a 240D, 81-84. You can buy them out right, and we can collaborate on maintenance and repairs =)
In the meantime, I don't think you should sell the stock. It would make your luck that much worse if the market took off a week after you cashed in your chips! (It's happened to me...)
)
best
Eric
I take it you did not carry uninsured motorist coverage (neither do I).
Legal proceedings will cost you money and you may never recover anything. It is also a huge hassle. It may still be worth it. I myself do not have a high opinion of our legal system at the moment. It protects criminals and victimizes victims even more. (Long story)
The federal and state goevernments have not done enough to punish uninsured drivers. So you maybe in for a fight on principle but with no financial restitution. Good luck!
I DO have uninsured motorist coverage. I'm fully insured, but insurance will only cover Blue Book value of the car....I'm still waiting to see what will happen with insurance, will find out in next few days!
Car was leased, so much of the insurance money will go to the leasing company.
-Nev
:)
Car totaled, 20k in med bills for me and about 15k for my girlfriend. Still waiting to settle and this happened back in February.
This is why I'm a fan of humane euthanasia.
-Steven Biars (Shawnee State on your facebook)
That's why I always rent cars. My favorite is sixtusa.com from Germany. No discussion and I hate to clean cars :-)
Take care, Jens
You should consider buying a 2002 or later Hyundai Elantra (or Elantra GT). Holds value well, cheaper than a Camry, just as reliable, leather is standard. Insane warranty.
I don't understand how you'll be $8,000 poorer, though. Do you owe the lease company $16,000, and your insurance will only give you $8,000?
Good luck with all the crap that is sure to follow.. :)
I am so sorry to hear about your wreck.
I am very glad you are ok. I have been in accidents (not my fault) and it can shake you up for a month or so.
I know you will find the car of your dreams!
That really sucks, but as every one else has stated, glad you're okay.
Keep the stock, and save up for the car you want. Take a look at Craigslist. You can get a cheap car on there right now in Austin with AC.
I looked a week ago and saw dozens for around $1k. The only problem they have is that they aren't "pretty". But that means they're as cheap as they're ever going to get. In a year when you've saved up the money to buy what you want, you can sell it again for what you paid for it.
That'd be a whole year of "free" driving, not counting gas and oil changes. Even the Toyota doesn't hold its value that well.
Cheaper cars also have much cheaper insurance since there's no reason to keep comp/collision or uninsured (assuming you have health insurance).
Dividendium
Second, in your post you went on & on how you would lose money on this accident but only in the comment section did you bring up the very important fact that you were not the owner of the car, the leasing company was. So you want to go after an uninsured guy for damage on a property you do not own?
For most folks leasing a car makes no financial sense. However, if you have done the math and figured out that leasing a car under "your business" makes financial sense you should have been writing all expenses associated with the car off. So now I come to the fuzzy point. Are you losing money here because the lease made no sense? Or are you trying to go after a guy (who most likely does not have much to start with) in hope of bringing in extra cash? Is that another crazy idea of yours? I agree with a previous post questioning your financial acumen.
I'm truly inspired by your page and have been following it for the last year. As you see in business contingencies happen and what a true S.O.B the whole situation is. I recently had my spare car stolen and I feel your pain!!! Don't buy a Honda!! You'll probably just waste your time pursing this doosh-bag (attorney fees, court costs, & time wasted not being productive). I'd say lick your wounds and move on with life. I'm driving a 1998 Camry w/120k miles runs like a top and I've never had a problem in the last 2 years. I'd try checking craigslist for a possible 1998-00 Camry [range=$3900-6000]. I'm not sure if you have Carmax in your city, but a great used car company w/great warranty. Great stock too might I add, especially for all the 1000's people in your situation.
-Dord Lornsell
All this happened to you because I chose to go to bed at 10:00PM, rather than 12:00AM. I'm sure there's a series of events connecting my bedtime to your accident, though I don't have the time to trace it all out.
Just blame me.
Enjoy some high-speed chase and street racing videos too.
You can also email me the pictures from your wreck at: post@iwreckedmyride.com
Enjoy !
What harsh penalties are in place to protect drivers against those without insurance!? It sucks! Well kinda...I called a lawyer and he helped me avoid getting stuck with the bill of a new car,etc. If nothing else, I def. recommend at least talking to a lawyer to see what your options are. I found my lawyer online and I will never use another lawyer again...HE WAS AWESOME! Daniel Buttafuoco (he said that he wasn't related...it was one of the first questions I asked). The number is 800-Now-Hurt...i think their website is the same: www.1800NowHurt.com.
Hope this helps bro.
regards,
Rob
mac2date.blogspot.com
My email is info@claimbuster.com
best wishes,
Danny
Sorry to read about your bad luck. It was bad fortune indeed.
If you and your readers would like to protect yourselves in the future there is great advice at the site www.CarAccidentNewBraunfels.com
I hope you have great luck from now on while driving...
Michael in Texas
____________________
Post a Comment
<< Home