Unfortunately, Racer is correct. I don't know how you put a price on that. 
How much does a wreck decrease value?
Racer
Joined: Nov 2010
Posts: 276
Likes: 1
From: Indianapolis IN
Almost impossible to say off the cuff. This is really something you need to discuss with a used car manager at a dealership. After all, they deal in used car valuations every day. Don't ask your insurance agent, because it is his best interest to lowball you on the number. You should get a couple of ideas from people in the car business and then take that number to your agent to claim.
Race Director
Joined: Oct 2005
Posts: 14,555
Likes: 1,255
From: Saint Albans, WV
Thread Starter
Advanced
Joined: Nov 2010
Posts: 56
Likes: 0
this is my point.It will show on a carfax so I would have to be lower or they would just buy the other one.I was hoping someone on here had been threw this and had an idea.
Race Director
Joined: Dec 2010
Posts: 18,079
Likes: 1,564
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Melting Slicks
Joined: Oct 2010
Posts: 2,314
Likes: 4
From: Cape May, NJ; Guntersville, AL; Orange Beach, AL
You haven't told us how bad the wreck is? If its $1200 to fix the insurance isn't going to give you much if anything for decrease of value. If its a bad wreck but just not totalled then you might get somethign. Depends on the agency and state laws from what I understand.
Melting Slicks
Joined: May 2002
Posts: 2,154
Likes: 27
From: West Des Moines Ia
The specifics of what was wrecked, repair or replace panels, the dollar amts, photos would be nice. Also, if severe enough, loss of value usually is only available from the responsible party. In almost all states your own policy has no allowence for this... Good Luck...
Drifting
Joined: Jan 2010
Posts: 1,305
Likes: 5
From: Schererville Indiana
The problem with buying a previously damaged car is the fear of the unknown. A prospective buyer will want to know exactly how bad it was.
I would document the damage and the repairs, ( take lots of photos ), so the prospective buyer can judge for themselves how much the former damage affects the price. If it is truly superficial damage, it would not bother me at all as a buyer.
I would document the damage and the repairs, ( take lots of photos ), so the prospective buyer can judge for themselves how much the former damage affects the price. If it is truly superficial damage, it would not bother me at all as a buyer.
Race Director
Joined: Dec 2010
Posts: 18,079
Likes: 1,564
The problem with buying a previously damaged car is the fear of the unknown. A prospective buyer will want to know exactly how bad it was.
I would document the damage and the repairs, ( take lots of photos ), so the prospective buyer can judge for themselves how much the former damage affects the price. If it is truly superficial damage, it would not bother me at all as a buyer.
I would document the damage and the repairs, ( take lots of photos ), so the prospective buyer can judge for themselves how much the former damage affects the price. If it is truly superficial damage, it would not bother me at all as a buyer.
Team Owner
Joined: Aug 2003
Posts: 24,472
Likes: 309
From: Scottsdale AZ
If it's a low speed parking lot deal or a back bumper - -probably negligible. If it wiped out the hood, tore off the front wheel and the door - - now you're talking significant damage.
More information is needed and photos help.
More information is needed and photos help.
Instructor
Joined: Apr 2010
Posts: 204
Likes: 1
From: Northbrook Il
St. Jude Donor '11
In my experience the listing price is generally two to five thousand less depending on the severity of the accident. If there was frame damage no one wants to touch it. Good Luck