My 2003 coupe with 39,000 miles on it was recently involved in an accident where I was run off the road by someone who then left the scene. My car became sideways on the shoulder, and plowed a county road sign flat. Damage involves a new right rear quarter panel, wheel, some suspension damage, fix the rear tub behind the wheel, and a new sidemarker. Not enough for a total from State Farm, but my fear is, now I am STUCK with this thing, meaning if I ever go to sell it, someone will look on CARFAX, see the damage report, and cruise on to the next car. This thing was NICE, no prior damage, low miles, and well cared for. I almost WISHED they had totaled it, because I probably won't keep it forever, and this is a blight on the Corvette radar for most people, no matter how fixable it is. What do y'all think; keep it, drive the **** out of it, or try to trade or sell it, and buy another Vette? I have a pic or two of the damage, but they are on my phone now, and I'm not in a place to upload.

 

sounds pretty cheap

Go ahead and fix it

 

Don't have any choice; they can't find enough for a total claim. My worry is that the value of the vehicle will drop BAD due to accident damage showing on a CARFAX report.

 

It all depends on why you own a Corvette; for driving, for fun, for shows, or for investment. If the former two, yes keep it. Just make sure the repairs are top notch.

After only owning my C5 for 4 months, I had to hit the shoulder because of a distracted driver coming at me holding a cell phone. The driver that came into my lane and clearly saw me go off the road did not stop. Luckily, I did not do any damage except to my nerves. Shortly after that experience, I purchase Dash Cams for all my vehicles.

 

Keep the photos and also keep receipts of all the parts you buy or the receipt from the shop that repairs the car. At least that might help ease concerns someone might have about frame damage.
Check and see if the insurance company reports accidents to Carfax (not sure if they all do). Also, you could see if Carfax allows comments from the owner. If so, you could identify the "very limited scope of superficial body damage with no structural frame involvement," or something fancy along those lines. Once repaired (if State Farm reports to Carfax), it might be easier to do a trade in on another Vette at a dealer.
If you know it is reported to Carfax and you are going to list it yourself and you are either going to offer a Carfax report with the sales listing or expect that any potential buyer will check Carfax, I'd suggest being proactive. Address the Minor Body Panel Damage incident and advise you have receipts showing the parts used in the repair. This listing of parts could help satisfy potential buyers that it was a "minor fender bender".
Best wishes with this. Tough position to be in though.

 

It will lose a little bit of value due to the accident but not too much especially if it is repaired properly, it's not like it's suddenly a salvage title. Get it fixed, drive it, enjoy it, sell it when you get tried of it and don't worry about it. It's a depreciating used car not an investment.

 

Oh, all the cops and firemen knew who it was and that she is a dopehead, but the cops told me they weren't going to do anything about it; it's up to my insurance company. I understand that to a degree, but what about leaving the scene of an accident that they caused, and reckless endangerment?

 

 

File a diminished value claim. Basically, and as you have rightly pointed out, the value of the car repaired will not equal the value of the car pre-accident. Accordingly, you can file a DVI claim to be compensated for this loss in value. Typical process is as follows:
1) Have the vehicle repaired
2) Hire a 3rd party inspector who specializes in DVI claims. They will review all the documentation and the vehicle and then perform a survey of comparable vehicles. At that point they will issue a report indicating their estimate of the loss in value.
3) Negotiate with your insurer over a final settlement value
4) Depending on step 3, this may make it all enough for a total out. If not, you can pay down a note if you have one or set the cash aside in savings/investments until such time as you need it.

Best of luck. Feel free to drop me a line if you have any questions.

 

I would think you are going to have a very up-hill battle on a diminished value claim when the claim is paid by your own insurance on a fifteen year old car.

 

Sorry to hear. Fix the car and drive it very spiritedly for the next few years until you decide it's time to sell.

 

This! These arent savings accounts on wheels, all the more reason to drive them... a lot.
Sorry to hear that;dont think it will hurt value much anyways. A bump or bruise is no big deal as long as its fixed right.

 

Actually i f he Corvette was in good shape before, the fact remains that there is now diminished value. Some policies limit coverage on your cars though, so check with your agent/policy.

 

Detailed information about the repair, and maybe some video confirmation of the repair in progress will alleve any buyer in the future.

 

I think a lot of you guys are right; I'm going to drive the **** out of it, and probably use it as a daily driver. I have been driving a new Nissan Frontier as my work vehicle, and keeping miles off the vette. Not really a reason to; these cars will NEVER bring what the older C3's and C2's bring. Just drive them like used cars, take decent care of them, and stop worrying about little fender benders and rain, lol. My BIGGEST concern is with our local law enforcement, who refuse to do anything about the other driver, even though they know that they are a known drug user, and they ALL know who it is, and where they live. Wonder what they would have done to me if the tables were turned, and I had done what they did? I figure they are either and informer, or one (or more) of the cops are banging her.

 

Enjoy the car and have fun. That is why you bought it in the first place.

 

 

From the PD perspective (I worked PD for several yrs), the bottom line is, there is no proof, no evidence, no damage to implicate her in the crime (contact between vehicles). The best chance is to obtain a confession and admission of guilt. From a liability perspective, if you swerve to avoid an accident and in the process, lose control of the car (which you did), then the liability is on you, no one else. Had she so much at tapped your car with visible damage, it'd be an entirely different investigation and police would definitely investigate further. The assumption of "informant" or cops banging her is certainly plausible, but really doesn't hold water being you presented no proof of a crime. Couldn't you have just as easily went off the road while texting, gotten sideways by driving aggressive, etc? Who's to say that didn't happen, beside you? If people who filed random complaints like that, without proof, were given that much authority over what police do day to day, there'd be no time to respond to real crimes. I'm just giving you perspective, from the inside.

Point is, I know its frustrating, I've had something JUST like what you have described happen to me, and it doesn't feel good to have it eat it, but use it as a lesson. Get in car cameras for your vehicles that record on a loop, they're cheap. Get the car fixed and move on from it...it is what it is, and the frustration and stress won't make it better. Put it in the past. Get the car fixed, focus on the future. By this statement, it sure seems like you're a person that makes a lot of assumptions about things with minimal basis....work on that...it does you no good.