TRD Pro Stolen

tigger said:
That's only going to happen if he has gap insurance. Once the vehicle leaves the dealer lot, most insurance companies will consider it used and price it likewise. Easily a $2000 deduction on the first day. They will also deduct 20 cents per mile that it had on it. He will be hard pressed to get every penny back, depending on the ins company.
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That's what I'd expect. The insurance company is going to pay fair market value for the car the day it was stolen, not new replacement value.

I would expect the KBB value or best average price of a similar age car. And there aren't that many 6 month old TRD Pro to base that price on. Maybe base the fair value on a dealers demo or the percent off of MSRP for a 6 month old 4Runner in any of the other 5 models - the SR5, SR5P, TE, TEP or Limited. Use the same percent off of MSRP to find the value of used TRD Pro. That figure would require some serious homework. But worthwhile if the OP wants to get a fair shake.

These vehicles hold their value very well. I'd be surprised to find one for sale of a similar age at MSRP minus $2000 and $0.20 per mile.
 
Yeah, he's definitely not going to get full replacement value because that's not the way insurance works. However, I'd imagine a Pro, and 4Rs in general, would retain their value so well that he might be able to get fairly close.
 
insurance coverage and replacement value

[MENTION=128001]confuzshuz[/MENTION]

I've never had a car stolen from me. (Quick, knock on the walnut dashboard)
Maybe more of you who've had this experience with insurance companies can weigh in here.

The saddest part of this, I just realized, is that the OP probably had a hefty loan on the car. If he financed 90% of the vehicle the bank may get most or all of the insurance settlement. That doesn't leave a lot for the OP to use as a down payment on a replacement car.

For example, if the car is now valued at $2000 under MSRP that's about 5% of the purchase price, plus transportation, tax and license. Sales tax where the OP lives, here in So Cal is around 8.5%. Is the insurance company going to reimburse TT&L?

I'm about to pay cash for my 2015 T4R TE. This makes me think about the comprehensive insurance (fire and theft) I'll carry.
 
I'm just wondering if the ignition or steering column was damaged? I'm still wondering how the heck it was stolen if none of that was damaged, also so sorry your going through this but look on the bright side you can get another white Pro or even Magnetic Gray since they are making those colors next year.
 
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4Funnr said:
Does anyone still use these?

Do they even work?

The Club for trucks.

31bSppYlGvL.jpg
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Club device doesn't work.
In 30 seconds slim jim open the door, take the hacksaw (because you scouted the car earlier an knew what to bring) cut the plastic steering wheel and take that metal club out. Easy.
 
OP - maybe I missed this, but how was the person starting the engine and driving around in your car? I would assume that once they got your vehicle back, the police could have figured this out. I think that's an extremely important detail. I'm guessing they had to have used a key that was made at the dealership. I think you need to get legal representation and sue the dealership ASAP. At the very least, go and get consultation. You should sue for a large sum of money, but you could probably settle for a new vehicle and for the dealership to pay your lawyer fees. Their insurance company will probably agree and settle on that. I think it could be a winnable case. Nowadays, it's very hard to steal a vehicle unless you have a key to it, since I think our vehicles have microchips that don't let the engine start unless the key is in the car. I guess you will need to prove that you had possession of both sets of car keys (your original and your spare) when it was stolen, and if the police didn't recover a set of keys at the scene (OR they recovered a third set, which seems like it could be in your favor), then that proves the theft wasn't due to your negligence (i.e., you left your car keys out on your lawn or something).

I am not very big on suing people (my insurance company and I having been sued ourselves by a 'neck grabber' after tapping her bumper at 3 mph due to a rolling stop), but this whole scenario is complete and utter bullshit. Tort law is set up to protect you in these exact situations. Use it to your advantage. You're not doing anything wrong. You didn't do anything to merit this. Stand up for yourself and maybe you can prevent this from happening to someone else.
 
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Sorry to hear. This happened to 2 people I know as well. No sign of forced entry, no damage to the steering column either. turns out both of them wrecked the cars and reported them stolen.......
 
Just to add some more about suing - I am not a lawyer (accountant), and what follows is completely hypothetical BUT I took a couple business law courses in school and I do work quite a bit with business insurance claims. Basically similar to this but from the defendant's perspective. I do know that in the tort law, the defendant (the dealership) is considered guilty until proven innocent, which we know is way different than the justice courts. And I do know that lawyers for insurance companies fight extremely hard to settle out of court. They do NOT want this to go to court because lawyer fees etc. are really expensive. They only take major cases to court.

I honestly think you have a strong case as it stands. The whole situation is shady and I think a judge would agree with you. Hopefully you can get the cops to help you out by signing an affidavit or something that says that a key was used to operate the vehicle. If you can prove that key wasn't yours, then you're in good shape. The dealership will then have to prove that your car wasn't stolen because someone at the dealership made a key, that the key was not manufactured at their dealership (which is tough) and if it was, that sufficient security measures were in place to prevent this from happening. Theft by employees is a common risk and the dealership should be taking measures such as restricting access to key inventory/key-making machine to certain individuals, reconciling key inventory to receipts (i.e., they need to make sure that an invoice exists for every key missing). From a business perspective, it is extremely hard to do this because not only do they need to just have a process in place, they also need to prove that it was done that day. Unless they have key logs and can reproduce invoices for all keys missing, then I think the court would probably not admit employee testimony.

This is a huge undertaking for the dealership and their insurance company will probably just agree to settle with you, especially if all you're asking for is to replace the vehicle that was stolen and to pay your lawyer fees. Basically, you want to be made whole and pretend that the whole thing never happened. They may come back and offer you the difference between your insurance pay out and what you paid for the car (OTD), but make sure that they gross it up to cover your lawyer fees AND that it would cover replacing it.

Even major companies struggle to prove they weren't negligent. This is why lawyers make so much money. Here's a side example - I just bought a dresser from IKEA that got installed at our house. They had to mount it to the wall because they got sued because kids were climbing on top of the furniture and it was falling over. How ridiculous is that? But I guess kids climbing on top of furniture is seen as a risk that a reasonable and prudent person could have foreseen and that IKEA didn't do enough to prevent it from happening.
 
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Before the e-armchair lawyers start recommending you sue the world for millions of dollars, there's a couple things to keep in mind here...

#1. We have no idea what happened here. Recommending that you start bullying a dealership when you haven't the first clue what happened here is wrong, especially when you want to start assigning blame.

#2. This is why you have insurance. Take your settlement and be on your way. If this is anyone's battle, this is your insurance company's. You didn't hit the jackpot because your car got stolen and you've got this wild conspiracy theory that the dealer was in on it.

#3. If you're so sure this is the dealer's fault, get law enforcement involved.

Disclaimer: I'm not a lawyer, but I did stay at a Holiday Inn Express last night, I'm capable of arguing common sense, and I too took a business law class on my way to my accounting degree.
 
phx4rnr said:
Sorry to hear. This happened to 2 people I know as well. No sign of forced entry, no damage to the steering column either. turns out both of them wrecked the cars and reported them stolen.......
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Do insurance companies investigate these types of claims these days or do they just pay off?
 
Phoenix4R said:
Before the e-armchair lawyers start recommending you sue the world for millions of dollars, there's a couple things to keep in mind here...

#1. We have no idea what happened here. Recommending that you start bullying a dealership when you haven't the first clue what happened here is wrong, especially when you want to start assigning blame.

#2. This is why you have insurance. Take your settlement and be on your way. If this is anyone's battle, this is your insurance company's. You didn't hit the jackpot because your car got stolen and you've got this wild conspiracy theory that the dealer was in on it.

#3. If you're so sure this is the dealer's fault, get law enforcement involved.

Disclaimer: I'm not a lawyer, but I did stay at a Holiday Inn Express last night, I'm capable of arguing common sense, and I too took a business law class on my way to my accounting degree.
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anyway.gif
 
Do you have anything intelligent to add or rebut that or are you just going to continue with your stupid, played out meme schtick?
 
1000MPH said:
Do insurance companies investigate these types of claims these days or do they just pay off?
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In an instance where they'll be paying out $30k+, if there is any hint of them recouping their money somehow, they will attempt to find the responsible party and subrogate. When it comes to smaller claims, it doesn't make financial sense to do this.
 
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I think the replacement will be highly dependent on the state insurance laws and your insurance company contract.

If you have a policy for replacement value, you'd likely be in great shape. The cost to replace that vehicle with something similar is going to be basically new price. If it's cash value - probably a lower amount. Lots of variables we don't know.
 
Anti - theft measure

For those of us with older trucks , a quick and easy shifter lock

I welded half a metal link onto T-case shifter
IMG_3490_zpse832383c.jpg~original


With truck in reverse , tranny shifter and T-case shifter can be locked together
IMG_3510_zps60cbd6af.jpg~original

IMG_3511_zps4af6cb37.jpg~original


IMG_3512_zps59fd55df.jpg~original


Along with a kill switch , this just adds a little more inconvenience for any would be thief ...
 
Phoenix4R said:
Do you have anything intelligent to add or rebut that or are you just going to continue with your stupid, played out meme schtick?
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<a href="http://s1262.photobucket.com/user/kelseyreder/media/bear-grylls-meme-generator-thread-is-derailed-better-drink-my-own-piss-a4a863_zps5lzsbvld.jpg.html" target="_blank"><img src="http://i1262.photobucket.com/albums/ii615/kelseyreder/bear-grylls-meme-generator-thread-is-derailed-better-drink-my-own-piss-a4a863_zps5lzsbvld.jpg" border="0" alt=" photo bear-grylls-meme-generator-thread-is-derailed-better-drink-my-own-piss-a4a863_zps5lzsbvld.jpg"/></a>
 
Just read all 11 pages whilst I should have been working but the detective in me sees op &/or wife/gf/friend/s wrecked truck, walked home, called it in stolen the next morning. No offense but until I read how this brand new vehicle was stolen this is where my mind goes. And uh isn't there dna all over those airbags??
 
DrankdaKoolaid said:
Just read all 11 pages whilst I should have been working but the detective in me sees op &/or wife/gf/friend/s wrecked truck, walked home, called it in stolen the next morning. No offense but until I read how this brand new vehicle was stolen this is where my mind goes. And uh isn't there dna all over those airbags??
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There almost certainly is DNA on the airbags. Getting the police to test it might be another story.

I think it's safe to say whoever was driving had keys considering the windows aren't broken.
 
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