Hi,
I have a ’03 Focus LX 4DR Sedan automatic, A/C and 1,000 miles. No other
fancy features (no cruise, etc…) It has AM/FM/TAPE (no CD). I
purchased it new on 6/14 and unfortunately it was in an accident on 6/23.
The car is currently in the shop and it is estimated that it will take 20
days to fix
.
A few questions:
I am planning on taking the car back to the dealer (after it is repaired
of course) and see if I can trade it in (considering that it was only a
week old at the time of the accident). I am also going to file a
Diminished Value claim against the other party’s insurance. The insurance
company says that the car is worth $12,xxx.
What do you think I could for it from the dealer?
What would this car be worth on a trade if it wasn’t in an accident, but
was in excellent, showroom, ready for resale, the dealer doesn’t have to
do any prep, etc, condition?
I am financing this car through Ford Credit. Would I be able to pay off
the car with the trade and then finance another car?
I know that dealers still have ’03′s on the lot and probably want to get
rid of them. Any idea on what kind of price I can get on another ’03
Focus (maybe a SE or SE Comfort), I want cruise control and ABS would be
nice, the other features (P/W, P/L, etc…) are not important, but if I
can get a good deal, I’ll take it!
Comments/Opinions please. Thank you in advance
BTW, I am in the US.