Guys

My car is 2008 IS250 RWD with ~51500miles, premium package (nav, backup camera, wood trim), 17" wheel. Fair private value is around $21K.

Here is what I need your help with. I've involved in an accident (not my fault, rear-ended) and cost of repair is around $10,233. I'm going through the diminished value claim against the other party's insurance. Realistically, I want to know if you are a potential buyer of my car "HOW MUCH LOWER WOULD YOU BE COMFORTABLE BUYING IT?"

I'm sure someone will comment that it depends on many factors (quality of repair, frame damage, etc). It is frame damaged all right. But NO formula or calculation of diminished value is more accurate than what buyers think a car is worth because ultimately you guys are ones who will be buying it.

Please help me out by posting how much you are willing to pay for a car with this kind of accident.

I appreciate all replies. This will help me much in my dreaded negotiation with low-balling insurance company.

EDIT: Poll added. Inputs are appreciated

 

post picture of the car please

 

$1 Bob!



I wouldn't pay a penny more than the lowest un-damaged '06 equivalent model. That puts it in the mid teens.

 

The car is all fixed now and I don't have any pix before its fixed.

 

Go to a dealer, test drive a car and get a "trade-in value". 21k minus the first trade number they give you (which will be the lowest) is the number you should get. That is what I would do....

 

I'm doing that as well, but I also want the pricing perspective from real-life potential buyers (you guys). I'm gathering all the numbers before bringing my number to the insurance.

Please post how much you'll be willing to buy this car after the accident

 

If I were a buyer and interested in your car, I'd probably want to look at it first and have a place really inspect the repairs, but that's what you mentioned. I'd pay $15-16K for it maybe?

 

With fram damage less then 20g cause resell value not so great. Since some can spend a little extra for a clean car.

 

It would have to be a several thousand dollar discount from the lowest price of an equivalent 2008 that has not been in an accident. I think the 15k-16k is a good estimate. Frame damage is a biggie, I know lots of people that wouldn't buy a frame damaged car period. So beyond the lower value you also have a smaller number of perspective buyers.

 

$10,000+ in damage?!?! is your insurance company going to brand the car as rebuilt on the title? if so personally i wouldn't touch it with a 10 foot pole with that, insurance is hard to get for a Rebuilt vehicle

and 10g's in damage is Huge! IS350's up here in canada are going for 16-18,000

 

I would pass and look for the car that was never in a wreck.

 

There's plenty of unwrecked 250s to buy.

So best advice seems to be how much lower your trade in value at a dealer is, since that's gonna be the easiest way to get rid of the car at this point.

 

^^^^
Most of us would pass but OP is trying to get an idea of what somone would pay for his car.

Might help give some of us a better idea with pics .Anyone that usually tries to make deals with cars that have been in accidents dont have alot of $$$ and is looking for a sweet deal and can bare with any kind of accident as long as the car appears to be in good shape and running, but expect to be low balled as much as possible.

 

Thanks all for inputs so far. Hoping to see more so I can have a better number to negotiate with the insurance company.

 

sorry to hear about the wreck but in my honest opinion. when I was looking for my Lexus and all the other cars I purchased............if the carfax had an accident indicator, regardless of price or value or item, i refuse to even give it a shot or a looking. it could be an LFA for $20k and if it was in an accident according to carfax I wouldn't buy it. its an extreme example but just saying

GL