I have a settlement offer of $23,304.73 based on 43,630 miles as of July 25. My understanding from Dan (always on point!) is that the adjusted mileage is determined as follows:
Current mileage - (1042 * months since Sept 2015)
So in the case of my offer:
43,630 - (1042 * 35 (36470)) = 7160
My current mileage is up to 45078 now. I'm looking at an end of November buyback date and will probably drive 4-5k miles between now and then. Let's say I put another 5k miles on the car. I'd be looking at:
50,078 - (1042 * 39 (40638) = 9440
In this scenario, my offer wouldn't decrease, because I'm still within the same bracket. Is that correct? Thanks in advance!
~ Colleen
Current mileage - (1042 * months since Sept 2015)
So in the case of my offer:
43,630 - (1042 * 35 (36470)) = 7160
My current mileage is up to 45078 now. I'm looking at an end of November buyback date and will probably drive 4-5k miles between now and then. Let's say I put another 5k miles on the car. I'd be looking at:
50,078 - (1042 * 39 (40638) = 9440
In this scenario, my offer wouldn't decrease, because I'm still within the same bracket. Is that correct? Thanks in advance!
~ Colleen