London Ontario Thread - Page 35 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Tcoat · 03-14-2019, 01:59 PM

Quote:

Originally Posted by Frost

Insurance only pays for value of the car at the time of accident. Leases are meant to just cover for depreciation of the car (mostly) so what you paid for is likely never coming back.

Remember, a lease is a glorified loan. You don't have direct ownership.

Quote:

Originally Posted by James H

If your is leased, the beneficiary on the insurance should be the bank or whoever you leased it from. The insurance company will deal directly with them and paid them. Unfortunately your lease payment is deemed to be rent paid for usage. Here is an article on the subject.
There may also be a settlement if the payout is less than the residual value depending on your lease agreement.
https://www.theglobeandmail.com/glob...ticle35005749/

These!

toyotastic · 03-14-2019, 02:26 PM

Quote:

Originally Posted by Frost

Insurance only pays for value of the car at the time of accident. Leases are meant to just cover for depreciation of the car (mostly) so what you paid for is likely never coming back.

Remember, a lease is a glorified loan. You don't have direct ownership.

Quote:

Originally Posted by James H

If your is leased, the beneficiary on the insurance should be the bank or whoever you leased it from. The insurance company will deal directly with them and paid them. Unfortunately your lease payment is deemed to be rent paid for usage. Here is an article on the subject.
There may also be a settlement if the payout is less than the residual value depending on your lease agreement.
https://www.theglobeandmail.com/glob...ticle35005749/

I see. I guess this payout from insurance isn't negotiable right? I read that you can negotiable with the adjustor if you think the settlement is too low, but i guess that only applies if you bought or financed the car.

Tcoat · 03-14-2019, 02:50 PM

Quote:

Originally Posted by toyotastic

I see. I guess this payout from insurance isn't negotiable right? I read that you can negotiable with the adjustor if you think the settlement is too low, but i guess that only applies if you bought or financed the car.

You can try but doubt you will get far.

Tokay444 · 03-14-2019, 04:08 PM

See if you can buy back the wheels...

Edit. Looks like you had a winter set.
Interested in selling the summers?

Jordanwolf · 03-14-2019, 04:45 PM

Quote:

Originally Posted by Tokay444

See if you can buy back the wheels...

Edit. Looks like you had a winter set.
Interested in selling the summers?

Frost · 03-14-2019, 05:27 PM

Quote:

Originally Posted by toyotastic

I see. I guess this payout from insurance isn't negotiable right? I read that you can negotiable with the adjustor if you think the settlement is too low, but i guess that only applies if you bought or financed the car.

Given that the adjustor already wrote off your car, it's likely too late to talk to him. The best time to do so is when he is there looking at it but they are not obligated to listen to you whatsoever.

Pedro13 · 03-14-2019, 05:32 PM

Quote:

Originally Posted by Tcoat

I think that of the few of that there is most are on Facebook so we suck at getting together on the forum.
I have tried to make it out to the RSP cars and coffee a few times but was always tied up. Maybe they will post a schedule soon and we can actually plan to get a few of us there.

It is ironic that I have met about 100 of the NorCal crowd but only 2 from London.

Hey guys, please count on me if know of any meet at the London/KW area, please.

Live in KW, but work on Woodstock, so for me as long as weather permits, like to attend one of this meetings!

Facebook for me is not an option, since I don't have Facebook! (I know I live on the Neanderthal era!) I'm not young as more of you guys (you can tell, no Facebook), but still love to drive and love my 86!

toyotastic · 03-14-2019, 05:36 PM

Quote:

Originally Posted by Tokay444

See if you can buy back the wheels...

Edit. Looks like you had a winter set.
Interested in selling the summers?

Yes!

Tcoat · 03-14-2019, 06:50 PM

Quote:

Originally Posted by Pedro13

Hey guys, please count on me if know of any meet at the London/KW area, please.

Live in KW, but work on Woodstock, so for me as long as weather permits, like to attend one of this meetings!

Facebook for me is not an option, since I don't have Facebook! (I know I live on the Neanderthal era!) I'm not young as more of you guys (you can tell, no Facebook), but still love to drive and love my 86!

I work in Woodstock as well. We will have to try to get something together when it get's nicer.

Tcoat · 03-14-2019, 06:52 PM

Quote:

Originally Posted by toyotastic

Yes!

Bidding war!

Tokay444 · 03-15-2019, 04:58 AM

Quote:

Originally Posted by toyotastic

Yes!

DM me. Let’s work something out.

James H · 03-15-2019, 10:39 AM

Are you going to look for another BRZ?

toyotastic · 03-15-2019, 11:11 AM

Quote:

Originally Posted by James H

Are you going to look for another BRZ?

Unfortunately not. Finance would like the next vehicle to be a SUV for the future family. I guess this accident kind of worked out in her favour lol.

James H · 03-15-2019, 12:24 PM

Quote:

Originally Posted by toyotastic

Unfortunately not. Finance would like the next vehicle to be a SUV for the future family. I guess this accident kind of worked out in her favour lol.

If you have to get an SUV you can at least find something with a bit of zing. Test drive the Hyundai Kona with the 1.6T. It's no BRZ but feels fairly responsive and nimble. I think it's also lighter than most SUVs in its class. Good luck with your new vehicle

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03-14-2019, 04:08 PM	#480
Tokay444 Anti stance. Join Date: Feb 2016 Drives: 17 White 860. RCE Tarmac 2. RE-71RS Location: Not Canada Posts: 1,639 Thanks: 903 Thanked 962 Times in 550 Posts Mentioned: 10 Post(s) Tagged: 0 Thread(s)	See if you can buy back the wheels... Edit. Looks like you had a winter set. Interested in selling the summers?

03-15-2019, 10:39 AM	#488
James H Senior Member Join Date: Mar 2019 Drives: 2017 BRZ Location: Newmarket Posts: 153 Thanks: 14 Thanked 127 Times in 66 Posts Mentioned: 0 Post(s) Tagged: 0 Thread(s)	Are you going to look for another BRZ?

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