nctuan03

Hello everyone,

I posted couple weeks ago asking about the process of filing "diminished value" on my Lexus. Anyway, it was fixed and paid by State Farm. The damage was minor roughly $600. I called State Farm to file "diminished value" and they denied my request. Is it normal because the damage was minor? What can I do now? Should I let it go because it's not worth it? Thanks in advance

Tuan

TimboIS

Who caused the accident? If it was your fault, then you cannot claim diminished value.

nctuan03

TimboIs, thanks for responding. It was the other party's fault and they have state farm

chikoo

Go after them harder....this is bull****.

ibidu1

iTrader: (1)

Most likely if your car hasn't suffered frame damage, but for $600 sounds like it was a bumper repair. That will not lower your cars value. Frame/unibody damage will show up on the report.

chikoo

Really.
Best way is to go to Carmax and let them appraise it. They will include the diminished value if it matters. If they do, go after State Farm with that in hand.

MashinA

iTrader: (20)

Sounds like a good idea

iRyan

iTrader: (7)

I AGREE WITH THIS....THEY SHOULDN'T DENY IT.

laobo979

iTrader: (5)

I don't know how it work In your state. But here any claim you make to body damage is on file. Value does drop to a dealer aspec and a individual buyer. Someone scraped the driver side of my old 250 $1500 to paint. Mind you scratches not body damage.on the trade in dealer said not a clean fax on the car.

nctuan03

Yes it was a rear bumper repaired and painted. Well I let carmax appraised the car before it was fix. They gave me $16K even for a 2008 IS 250 RWD with 62K mile including x package. According to kbb.com, $18,175 for very good and $17,425 for good condition. I'm pretty sure if I get the car appraised again with the rear bumper fixed, it'll be less. What would you guys do in my situation?

SRakaSSS

Nothing.

It's not worth the hassle for $600 or even $1,000. If you had frame damage or MAJOR repairs I'd worry about it.

Consider it a lesson learned and move forward.

Cheers!

JohnLX300

iTrader: (2)

I went to Autotrader.com, did the instant offer, with and with out a accident....take the difference, its the "diminished value", clear as day. I submitted the paperwork to the other parties insurance. Faxed and faxed and faxed. Then called and called and called. It will take a lot. But it worked. Got my check. I think state farm likes to use to old "Georgia Rule" as they call it. Sounds like that is what they did to you, since they denied your claim.

sprcheese

I have never done this for an accident. I like ^^^^ his idea.