Originally Posted by MCCR
(Post 7930859)
you can tell me more about the diminished value claim? I know in CA, anything over $500 damage(if i'm not mistaken)needs to be reported to DMV and since I filled a claim with the party that was at fault, I assume if would go on carfox
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Thanks for all the support guys. I called the insurance company(GEICO) and they have "appointments" to get can estimate over 2 weeks away! I have to drive the car like this because they aren't willing to pay for a rental since the car is still drivable. Will keep you guys posted.
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Had a woman back in to my wife's RX350 with a UHAUL truck!!! really! Minor damage to back bumper, tail light, etc...problem is if there is a police report then it will show up later on a CARFAX check when you go to sell it.... That's where the diminished value will kick in. save pics to show dealership or person trying to buy car. It's always good to be prepared.
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looking at the damage. worst happen is, you have to buy rear bumper. and for the blemish on the body, i think you can try to compund that since most of that is the paint from the other car. sorry to hear, and good luck.
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Sorry to hear this happened to your son. I know how excited he was for a white one. If you need a recommendation for a body shop in Houston, let me know. There's a shop near ikea that I use for my lexus and porsche and they do a very nice job. They also work on a ton of high end cars
Edwin |
Originally Posted by LovezLexus
(Post 7930255)
She wrecked her car and she was driving her parent's car. This girl needs to get off the road.
A woman killed a cyclist and said she thought it was a deer while the bike still stuck in her SUV wheel's fender. A drunk killed a whole family.. I remember reading he was heading to court for his DUI while drunk. But I don't see any of that in this report http://www.dnainfo.com/new-york/2013...car-crash-dies Another drunk and it's his 3rd DUI http://www.washingtonpost.com/wp-dyn...080103169.html |
Originally Posted by m32
(Post 7934878)
Sorry to hear this happened to your son. I know how excited he was for a white one. If you need a recommendation for a body shop in Houston, let me know. There's a shop near ikea that I use for my lexus and porsche and they do a very nice job. They also work on a ton of high end cars
Edwin |
yea looks like her parking was just as good as her driving! :egads: :egads:
hince the white line! |
Originally Posted by LovezLexus
(Post 7931697)
If the damage is excessive($1000+) it will scare away future buyers and it will be noted on the carfax. To make up for this you can claim a diminished value. It's basically a way to make your car "whole"(Restore it to pre crash condition). You have to be very persistent if you want diminished value because insurances don't like paying these out. For example, imagine you are looking to buy a car and you find 2 cars EXACTLY the same (mileage, year, options, etc) for the same price. The only difference is that one was in an accident in the past. Which one would you buy? Obviously, the one with a CLEAR history because it's much safer. So the insurance company should compensate you for future loss.
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Originally Posted by AustinSBP
(Post 7936460)
yea looks like her parking was just as good as her driving! :egads: :egads:
hince the white line! |
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