I'm glad it was repaired to your satisfaction.

 

I guess I am confused, if you hang on to the car then the DV resulting from the accident will decrease with time (as the car naturally depreciates). Eventually, I would guess, as time marches on there would be little difference between your car and another non-hit car with similar age and mileage. Now, if you said you had the car for sale when the accident happened, then I could see pursuing a DV claim. As far as someone earlier suggesting "salvage" title, just because it was in an accident doesn't mean it get's a salvage title. That is usually reserved only for a total loss. Maybe you can clarify what it is that you believe you have lost (assuming you plan to keep the car)?

 

isn't that against the law ?
I thought the dealer would be required to disclose an accident for a brand new car with stickers still on it . A scratch by a hauler is still an accident in my book . if this is not a law , then the law

 

I agree that you should get a professional appraisal; but unfortunately I also agree that I wouldn't buy a car that was in a accident requiring that high of a dollar amount of repairs.

But, I would probably also keep mine were that to happen to it, I just wouldn't want to touch someone else's because you just aren't familiar with it, etc.

I will say it turned out great, though! Congrats!

 

Glad your repairs went well!

 

No salvage title here........the car was simply repaired.....and it HAS lost value.
I am after the Other guy's insurance company...not mine.

 

Not sure what the law states, I just know what we do on a DAILY basis at our shop. We do all the body/paint/warranty work for one of the biggest local Ford dealerships in the area, who happen to be right next door.

 

Sell the car to your brother-in-law for $5,000.00 and claim $25,000 in diminished value. Then buy another one just like it. Or just be glad you weren't in the hospital for that long, getting your body repaired and frame straightened.

Diminished value is only pertinent if you intend to do sell the car. If you keep the car, then the value of the car is the same to you. You had a blue Corvette, you still have a blue Corvette. You might get your insurance company to give you a break on your insurance, since they will probably give you less now, if totaled.

The main thing to do in these instances, is to make sure the body shop and insurance company agree to warrant the repairs for life.

Drive that puppy! (be careful at intersections) .

 

Impressive...

 

Thanks SeaLawyer.........when I talked to their 2nd level agent......I did mention the Indian Supreme court ruling (in fact gave her a copy of the ruling to mull over).....I explained I hoped we could do this without going to court, BUT I did mention I knew what I'd lost and what I was expecting.
I am of the opinion it's right in the $5K range myself.

 

your title WILL read repaired frame damage..... that is not good. i agree with the get the actual dv from an independent appraiser. this is not a 4-5k dv. i could not sell this car at my store. frame damge is a big to 99% of new car stores. causes lots of backlash later!! most lenders will not loan $$$ on branded title cars. no matter how clean and nice they look to be fixed. my guess...10k diminished to me. based on the few i have whsl'd because of this same problem. call a local chev store. ask if they would be willing to buy it outright. you wont like the number, if they give you one at all. dont settle for no measly 4-5k, you will NOT be whole!!!!!

 

Why would the title list frame damage?

 

there is a $$$ amount that must be disclosed if amount is greater than the states disloser law. if they have one. here in oregon i believe it is $500. lot damge occurs all the time. had a lot attendent back a new p/u into a trailblazer. the customer was in signing the paperwork to buy it, $1500 damage the whole side wasted. its just sheet metal, but man. brand new p/u needing a new bed side skin. they still wanted it. we tried to find a twin to it!!! there wasn't one. none within the 500 miles we search for dlr trades. any ways my point is... if it goes over a certain dolar amount. it must be disclosed. a $200 ding does not have to here in oregon.

 

Nice.

 

This is a very informative thread. I hope none of us is faced with a similar situation, but you never know.

 

Not to hijack this thread any more than it has been but I once had a salesman back into a sign when he took our car for "a spin around the block". The deal hadn't been going all that well until that happened. Suddenly they were very eager to make the deal. I'm sure he'd have denied doing it if I hadn't been standing right there watching. It's always great to have the upper hand when bargaining with a used car salesman.

 

because it had it. and now has repaired frame damage.
i have seen titles say lots of brands. some are
"previous frame damage"
"repaired frame damage"
"previuos damage"
"rebuilt total"
"rebuit salvage"
"theft recovery"
"flood damage"

and several others. yours WILL say it. the body shops and insurance companies report this to the DMV. yours will say it on your registration when you get the next one. it will show on the title when it is reissued. and will say it if transfered to the next guy even if another state. some states are not as efficient as others but it will pop up sooner or later. you may be able to find it on a CARFAX allready. i would not accept 4-5k of DV on this car!!!! a friend of mine had a rock thrown thru his rear window. the car was towed to the dlr. the glass ruined his top that was in the trunk, scratched the heck out of the entire rear of the black C5 paint from glass chips flying from being towed on the freeway. he got a entire paint job, new top, new rear hatch, lots of new enterior pieces. and several thousand in DV because it had to be repainted.
get the appraisal from an independent!!!! check out what a few dlrs will give you for it outright. TELL THEM, OR SHOW THEM THE REPAIR BILL!!
4-5k is not enough!!!!!! the car does look good remember the original post. i told you the same then. lots of cars have this issue. lots and lots coming from the storms. title brands make sure fire "sale proof cars" the must be a real bargin or no one will buy them.

 

Looks great,

 

I rember when you recked it... I felt bad seeing the picture of your Vette looking like that. Seeing it now makes me very happy! Good luck and don't forget to WAVE!

 

I don't know about every state, but the only thing that would ever show up on a title in California would be if the car had a salvage title. And even then it would not state why it had been designated. I have seen cars that were theft recoveries in MINT condition that now have salvage titles. Now, a Carfax report might have more information, but the title most certainly would not.