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SVTPerformance's Chain of Restaurants
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How bad is it? Auto accident
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<blockquote data-quote="OhIIICobra" data-source="post: 14804797" data-attributes="member: 33388"><p>My wifes 2011 Mustang was rear ended @ 2,200 miles and I got diminished value via trade because it was indisputable justification. Risky, but here is what I did:</p><p></p><p>Your car will have diminished value just for the fact that it was involved in an accident vs. a car with a clean accident history. Of course the body shop and insurance company will convince you that it is as good as new and the value is the same. I had to trade my wifes 2011 immediately after repair and while the claim with the other guys insurance was still open to show that I actually got X dollar amount on the trade in order to justify my diminished value. </p><p></p><p>If you are keeping the car, you would have to hire a vehicle appraiser to show that it is now worth significantly less post-accident than it was pre-accident. I knew I wasn't gonna be stuck keeping a car that had $6,500 post-accident damage with 2,200 miles, so I did what I had to do to get out of the car and force them to compensate me. </p><p></p><p>It worked for me but there are no guarantees. If you are claiming it based on what you think it's worth, they will blow you off. A no kidding trade in dollar figure from Ford is a real-world fact.</p></blockquote><p></p>
[QUOTE="OhIIICobra, post: 14804797, member: 33388"] My wifes 2011 Mustang was rear ended @ 2,200 miles and I got diminished value via trade because it was indisputable justification. Risky, but here is what I did: Your car will have diminished value just for the fact that it was involved in an accident vs. a car with a clean accident history. Of course the body shop and insurance company will convince you that it is as good as new and the value is the same. I had to trade my wifes 2011 immediately after repair and while the claim with the other guys insurance was still open to show that I actually got X dollar amount on the trade in order to justify my diminished value. If you are keeping the car, you would have to hire a vehicle appraiser to show that it is now worth significantly less post-accident than it was pre-accident. I knew I wasn't gonna be stuck keeping a car that had $6,500 post-accident damage with 2,200 miles, so I did what I had to do to get out of the car and force them to compensate me. It worked for me but there are no guarantees. If you are claiming it based on what you think it's worth, they will blow you off. A no kidding trade in dollar figure from Ford is a real-world fact. [/QUOTE]
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SVTPerformance's Chain of Restaurants
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How bad is it? Auto accident
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