Need expert advice/diminished value
Thread Starter
Instructor
Joined: Apr 2003
Posts: 100
Likes: 0
From: Brentwood tn
Need expert advice/diminished value
My 2002 Coupe was backed over by an SUV, not crushed, replacing hood , bumper and left headlight door. They are going to repaint back to the doors to blend the QS. Fenders are untouched.
I need a Corvette expert to fax me a letterhead on their opinion about my lost value at resale..I have opinions ranging from $3000 to $5000. It has 11300 miles, MSRP $48,810, every option but Mags. WAS showroom condition..estimate on repairs $2597.00. The lady has Progressive and they dont even want to talk about loss of value..under the Tn. law I can file a claim, but I need backup from experts. HELP
Please e mail your thoughts and Thanks....GB James
Fax 615 370 3207
cell 615 943 9377
I need a Corvette expert to fax me a letterhead on their opinion about my lost value at resale..I have opinions ranging from $3000 to $5000. It has 11300 miles, MSRP $48,810, every option but Mags. WAS showroom condition..estimate on repairs $2597.00. The lady has Progressive and they dont even want to talk about loss of value..under the Tn. law I can file a claim, but I need backup from experts. HELP
Please e mail your thoughts and Thanks....GB James
Fax 615 370 3207
cell 615 943 9377
Race Director
Joined: May 2002
Posts: 10,306
Likes: 15
File a claim and contact an attorney.
Most insurance companies don't belive in diminished value especially progressive.
They are going argue with a new hood and bumper your car will be like new since the car hardly has any mileage and the paint is immaculate.
Take it to the best body shop you can find which is typically never a dealership but speciality vette place.
Most insurance companies don't belive in diminished value especially progressive.
They are going argue with a new hood and bumper your car will be like new since the car hardly has any mileage and the paint is immaculate.
Take it to the best body shop you can find which is typically never a dealership but speciality vette place.
Burning Brakes
Joined: Sep 2004
Posts: 1,160
Likes: 0
From: Mesquite Texas
Originally Posted by JACKAL0PE
Go to three dealerships and get estimates on the value of your car (see the used car manager). Have them state how much the accident reduced the value of your car.
Good Idea
Melting Slicks
Joined: Sep 2004
Posts: 3,024
Likes: 18
From: DFW Texas
With no major stucture/frame damage, you might be hard put to get much of anything. Do each of your panels have stickers on then w/ GM part # and a toll free number?
If anyone bought your car, and noticed different part numbers, then you may have to explain it was minor.
When I got mine, the front fascia and hood part numbers did not match, but no-where could I find anything about dimunition of value when I bought it! No where could I find that it was repaired, at least not a GM dealer anywhere, nor did car-fax turn up anything. Previous owner claims no idea why numbers are different. Would never know it by looking though.
Just get it fixed. Real dimunition of value applies in varying degrees, and I'd bet this would be on the low side, BUT - Good luck anyway.
If anyone bought your car, and noticed different part numbers, then you may have to explain it was minor.
When I got mine, the front fascia and hood part numbers did not match, but no-where could I find anything about dimunition of value when I bought it! No where could I find that it was repaired, at least not a GM dealer anywhere, nor did car-fax turn up anything. Previous owner claims no idea why numbers are different. Would never know it by looking though.
Just get it fixed. Real dimunition of value applies in varying degrees, and I'd bet this would be on the low side, BUT - Good luck anyway.
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Verdad Gallardo
Race Director
Joined: May 2002
Posts: 10,306
Likes: 15
Originally Posted by diyguy
With no major stucture/frame damage, you might be hard put to get much of anything. Do each of your panels have stickers on then w/ GM part # and a toll free number?
If anyone bought your car, and noticed different part numbers, then you may have to explain it was minor.
When I got mine, the front fascia and hood part numbers did not match, but no-where could I find anything about dimunition of value when I bought it! No where could I find that it was repaired, at least not a GM dealer anywhere, nor did car-fax turn up anything. Previous owner claims no idea why numbers are different. Would never know it by looking though.
Just get it fixed. Real dimunition of value applies in varying degrees, and I'd bet this would be on the low side, BUT - Good luck anyway.
If anyone bought your car, and noticed different part numbers, then you may have to explain it was minor.
When I got mine, the front fascia and hood part numbers did not match, but no-where could I find anything about dimunition of value when I bought it! No where could I find that it was repaired, at least not a GM dealer anywhere, nor did car-fax turn up anything. Previous owner claims no idea why numbers are different. Would never know it by looking though.
Just get it fixed. Real dimunition of value applies in varying degrees, and I'd bet this would be on the low side, BUT - Good luck anyway.
