NEED HELP - Diminished Value
#31
#32
Is there a difference in respraying a plastic bumper versus a metal panel like a hood or fender?
I feel like many people respray bumpers, especially those that choose not to use clear bra at some point. Seems ridiculous you would get a 10% hit for doing something like that.
I feel like many people respray bumpers, especially those that choose not to use clear bra at some point. Seems ridiculous you would get a 10% hit for doing something like that.
#33
Is there a difference in respraying a plastic bumper versus a metal panel like a hood or fender?
I feel like many people respray bumpers, especially those that choose not to use clear bra at some point. Seems ridiculous you would get a 10% hit for doing something like that.
I feel like many people respray bumpers, especially those that choose not to use clear bra at some point. Seems ridiculous you would get a 10% hit for doing something like that.
#34
Is there a difference in respraying a plastic bumper versus a metal panel like a hood or fender?
I feel like many people respray bumpers, especially those that choose not to use clear bra at some point. Seems ridiculous you would get a 10% hit for doing something like that.
I feel like many people respray bumpers, especially those that choose not to use clear bra at some point. Seems ridiculous you would get a 10% hit for doing something like that.
A lot of dealers repaint bumpers on used cars or CPO cars as well.
Metal panels are a different story. Cars with multiple repaint panels will and cannot be CPO'ed. Was it repainted due to a chip, scratch or accident? How well was it done?
Obviously no paintwork cars are top dollar, if it's a good repaint, then it's up to the buyer but dealer will still ding you to cover their overhead.
Accident on carfax or autocheck will deduct significantly at a dealer. Buyers get scared off. Usually you're better of selling privately so you can explain the extent of the damage and provide invoices if applicable.
Watch out though, sometimes accident appear only on carfax or autocheck and not both. Best bet is to invest in a paint meter. Can't tell you how many cars I've seen with paintwork not on either vin checks.
#35
No, didn't miss that at all. I got it 100%... I'm just having a hard to understanding why then this originally happened and you received an estimate to fix it, the decision wasn't made to pay it yourself and avoid a "bad" carfax which in turn saves 10% reduction in loss of value and the time you are going to spend on a DV claim.... at the same time seeing what you can get from the person to avoid them putting a claim in. If they refuse and only want to go insurance, then you just pay and they get off easy.
Don't understand pursuing 1500 in damages... but it's your car do what you want. I would have paid cash and moved on with a "clean carfax"...
Don't understand pursuing 1500 in damages... but it's your car do what you want. I would have paid cash and moved on with a "clean carfax"...
Once you have an accident reported on your cars record buyers will automatically assume $15,000 in damages. You're better off paying out of pocket and saving invoices and disclosing the minor damage to buyers.
You'll spend more time and aggregation trying to get DV and then the headache of selling down the road.
#38
Best of luck. Getting a diminished value claim paid will be difficult on such a minor accident. Take lots of pictures, get a statement from the paint shop, etc. to document the extent of the damage.
#39
A couple of observations.................
* While insurance companies don't (want) to recognize the fiscal impact of DV some in fact aggravate the predicament by mandating the use of parts that are salvaged, sourced overseas or the existing parts refurbished.
I believe this practice alone contributes to the negative perception that repaired vehicles are not returned to their OEM pre-accident condition.
* Insurance companies save too many vehicles from "Salvage" branding just to save a few dollars in net-out money. This is clearly evident when the repair "estimate" is at 70ish percent of the total vehicle value and the final bill is over 80%+ TVV.
Anyway you do get a...... "Parts and labor has a lifetime guarantee"........hehehe.
Bret.
* While insurance companies don't (want) to recognize the fiscal impact of DV some in fact aggravate the predicament by mandating the use of parts that are salvaged, sourced overseas or the existing parts refurbished.
I believe this practice alone contributes to the negative perception that repaired vehicles are not returned to their OEM pre-accident condition.
* Insurance companies save too many vehicles from "Salvage" branding just to save a few dollars in net-out money. This is clearly evident when the repair "estimate" is at 70ish percent of the total vehicle value and the final bill is over 80%+ TVV.
Anyway you do get a...... "Parts and labor has a lifetime guarantee"........hehehe.
Bret.
#40
get the $
I realize it may seem excessive to some people that a $1,000 repair could cost a carrier 10-12K...don't feel to bad about demanding the money---
Your car will be worth much less at resale--that is a fact. If it was leased, maybe you could make sense of not requesting the additional money.
Many buyers and dealers will not purchase a car with any carfax accident reference....As a buyer of a new to you used car---pick a 911 with an accident or without an accident history?
One point---This car could represent a great buy opportunity for a buyer that knows the type of accident (minor)---great way to save 10-12K for a car that will drive the same....
Cheers
Your car will be worth much less at resale--that is a fact. If it was leased, maybe you could make sense of not requesting the additional money.
Many buyers and dealers will not purchase a car with any carfax accident reference....As a buyer of a new to you used car---pick a 911 with an accident or without an accident history?
One point---This car could represent a great buy opportunity for a buyer that knows the type of accident (minor)---great way to save 10-12K for a car that will drive the same....
Cheers
#41
He didn't miss it and like a lot of others on this thread he gave you the good advice to pay the relatively small repair bill to avoid the DV. It's good advice. If you have the car, I assume you have the money. Claiming small repairs on insurance only leads to higher insurance costs for you. Insurance companies are in the business to make a profit. Save your claims for those times when you really need them like when you have $50K in medical expenses.
#42
I realize it may seem excessive to some people that a $1,000 repair could cost a carrier 10-12K...don't feel to bad about demanding the money---
Your car will be worth much less at resale--that is a fact. If it was leased, maybe you could make sense of not requesting the additional money.
Many buyers and dealers will not purchase a car with any carfax accident reference....As a buyer of a new to you used car---pick a 911 with an accident or without an accident history?
One point---This car could represent a great buy opportunity for a buyer that knows the type of accident (minor)---great way to save 10-12K for a car that will drive the same....
Cheers
Your car will be worth much less at resale--that is a fact. If it was leased, maybe you could make sense of not requesting the additional money.
Many buyers and dealers will not purchase a car with any carfax accident reference....As a buyer of a new to you used car---pick a 911 with an accident or without an accident history?
One point---This car could represent a great buy opportunity for a buyer that knows the type of accident (minor)---great way to save 10-12K for a car that will drive the same....
Cheers
#43
Unless the deer that ran into your car didn't carry insurance and he claims it was your fault lol
#45
I agree with everyone that said pay cash and forget the insurance claim.
My 991 was parked on the street and someone hit and run, caused a huge dent and paint damage in the hood and front bumper. So I paid cash to have a local shop fix it, then traded to a dealer for a new car. They never noticed or questioned it and ended up having the car CPO'd...
Also never buy a CPO'd car!
My 991 was parked on the street and someone hit and run, caused a huge dent and paint damage in the hood and front bumper. So I paid cash to have a local shop fix it, then traded to a dealer for a new car. They never noticed or questioned it and ended up having the car CPO'd...
Also never buy a CPO'd car!