Diminished value is not recognised in many states .. for this you may have to get an attorney ... alot of states have a 75% value to repair . check at the local dept of insurance... In Las Vegas a bodyshop owner started a 65% repair total loss. minus paint labor ,material, and tax.. we total alot of vehicles out here. the bodyshops do not report to CarFax.... The insurance companies have a deal with them... you will lose the $16000.00 repair value when trading it in .. No matter how great the repair shop fixes the car CarFax jacks you around... My friend fixed a Mini S and he went to trade it in for a new mitsubishi evo and they tagged him for 6k and then another 3k on top for the suspension because he needed a steering rack ... We got the insurance to cover the steering rack and they still nailed him for the 3k because they already new it was there and they check the repairs ,told him it looked like it was never hit but because of Carfax and the fact they knew it they sucker punched him. :-X
$16,000 damage, Diminished Value?
I hit a powerline pole and it didn't budge at all, i'm fine, but the car is sick in the shop tho.
The worst part of the damage is that the front driver's side frame is bent a little. The insurance company is going to fix it and the bodyshop that I took it to has won numerous awards (Bodyshop of the year in the US in 1995, and they're factory authorized for Mercedes-Benz, Jaguar, Range Rover, Porsche, BMW, Volkswagen, Lexus and Toyota)....so hopefully I'll get the car back with very little problems. BTW there was no engine or tranny damage, the car started after the wreck.
All in all it sucks...but has anyone used their diminished value clause from their insurance company??? I looked it up on the internet and I guess they're supposed to give me a check for how much my car's resale value has diminished. If this is true, I think I can get my car back fixed and ALSO get a check for approx. $5000??? Anyone know anything about this?
The worst part of the damage is that the front driver's side frame is bent a little. The insurance company is going to fix it and the bodyshop that I took it to has won numerous awards (Bodyshop of the year in the US in 1995, and they're factory authorized for Mercedes-Benz, Jaguar, Range Rover, Porsche, BMW, Volkswagen, Lexus and Toyota)....so hopefully I'll get the car back with very little problems. BTW there was no engine or tranny damage, the car started after the wreck.
All in all it sucks...but has anyone used their diminished value clause from their insurance company??? I looked it up on the internet and I guess they're supposed to give me a check for how much my car's resale value has diminished. If this is true, I think I can get my car back fixed and ALSO get a check for approx. $5000??? Anyone know anything about this?
1 - 1 of 20 Posts
1 - 1 of 20 Posts
- This is an older thread, you may not receive a response, and could be reviving an old thread. Please consider creating a new thread.
Volkswagen GTI Forums - My Fast GTi
A forum community dedicated to Volkswagen GTI owners and enthusiasts. Come join the discussion about performance, modifications, classifieds, troubleshooting, maintenance, and more!
Full Forum Listing
Explore Our Forums
Recommended Communities
