Tomorrow I will be having my '11 GT towed off to the body shop for estimates due to a chain reaction accident it was involved in this past thursday. Damage is rather slight considering but quite noticeable. It was rear-ended by a car that was also rear-ended.
The fender cap and valance seem to be the only damaged areas with the left tail pipe/muffler bent. Four cars were invloved and I was the second from the front car which sustainded no damage other than a tap by my front end which destroyed my license plate cover and frame and bent up the license plate no other damage to the front can be seen.
Even thought I will be out nothing for the repairs other than the inconvience of the whole thing, I also thought about the diminished value aspect of a two month old car. In this day and age of instant car crash checks when doing a search for a used vehicle using sights like CarFax, if your vehicle was involved in an accident, no matter how slight, the value has gone down because of this.
As a question, I would like to ask the audience here what percentage of value loss one could expect? 10, 15, 20%? Also, if you have the experience, did you ever put a claim in to be reimbersed for diminished value? In other words, did you seek compensation from the [paying] insurance company for the loss in resale value of your new car because of an accident that was not your fault?
I plan to put this type of claim in on my car and am just looking for those who have gone this route before and were successful. And, what was the percentage of value received? Thanks!
The fender cap and valance seem to be the only damaged areas with the left tail pipe/muffler bent. Four cars were invloved and I was the second from the front car which sustainded no damage other than a tap by my front end which destroyed my license plate cover and frame and bent up the license plate no other damage to the front can be seen.
Even thought I will be out nothing for the repairs other than the inconvience of the whole thing, I also thought about the diminished value aspect of a two month old car. In this day and age of instant car crash checks when doing a search for a used vehicle using sights like CarFax, if your vehicle was involved in an accident, no matter how slight, the value has gone down because of this.
As a question, I would like to ask the audience here what percentage of value loss one could expect? 10, 15, 20%? Also, if you have the experience, did you ever put a claim in to be reimbersed for diminished value? In other words, did you seek compensation from the [paying] insurance company for the loss in resale value of your new car because of an accident that was not your fault?
I plan to put this type of claim in on my car and am just looking for those who have gone this route before and were successful. And, what was the percentage of value received? Thanks!