Trade In/Repair Issue
Recently had a blown tire and wheel well damage on my travel trailer. Took it into a dealership with the intention of having it repaired. Initiated a claim on the insurance and while waiting for tha...
Forum Discussion
DSDP Don wrote:
I see this a little differently. First, it was YOUR trailer and there was no requirement to make repairs (unless it was being financed and they demanded the repair). Second, since no work was started, you don't owe anyone anything, unless there was a charge for the repair estimate or storage.
The dealer knew what he was getting, since it was there for repair. Most likely, the dealer deprecated the trade in value by the amount of the repair, or you missed something in your contract demanding you pay for the repair (highly unlikely).
Lastly, your insurance company still owes you for the repair. The damage devalued your trade in price. It's really no different than if you totaled the trailer. You no longer own it, but they still need to give you a fair market value.
Well unless the price you got for trade was a typo, I would sure not give them any of the money!!!
I would say $2,500 it must have been very old or in very poor condition. If that is the case you should still have a claim with your insurance for the deprecated value of the trade.
