Someone shoot me now.
05-10-13, 05:48 PM
#16
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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.
Last edited by LovezLexus; 05-10-13 at 07:32 PM.
05-10-13, 05:51 PM
#17
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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.
Last edited by LovezLexus; 05-10-13 at 06:34 PM.
05-11-13, 12:19 PM
#18
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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.
05-13-13, 05:28 AM
#20
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
Edwin
05-13-13, 06:30 AM
#21
Lexus Champion
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
05-13-13, 04:27 PM
#22
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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
Edwin
05-16-13, 08:50 AM
#24
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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.
05-16-13, 08:57 AM
#25
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