View Poll Results: How much less would you pay?
$1000
13
14.44%
$2000
8
8.89%
$3000
14
15.56%
$4000
7
7.78%
$5000+
48
53.33%
Voters: 90. You may not vote on this poll
Wrecked Vette
11-01-2007, 11:38 PM
#21
Burning Brakes
Member Since: Feb 2005
Location: Richardson Texas
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I have worked in car sell's. Both retail and wholesale, a repainted bumper is basically the mine thing we don't care about. If it was painted correctly and match's fine, then there is no big deal. How much was the damage? You can just "ask" for diminished value. They have to have someone come out and inspect the damage on the car.
11-01-2007, 11:39 PM
#22
Pro
Member Since: Dec 2003
Location: Fountain hills AZ
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Agreed. I doubt it will lose any value. Superficial damage is just that.
11-02-2007, 12:35 AM
#24
Also depends on the color. A tough color to match, such as JSB, could possibly require a lot of blending in order to get it to match.
The Z06 I ordered arrived with a good size nick and scratch on the front fender. I had one of the best body guys around look at it, and he didn't want to touch it with a 10 foot pole... he said that with the JSB paint as shifty as it is, he would have to paint the door, fender, hood, and front bumper in order to get the fender to blend.... That's about a 1/3 of the car. No friggin way I'm taking a new corvette with ANY paint work, not to mention a 1/3 painted.
Funny thing was the selling dealer acted like it was no big deal and that I should just buy the car (for the same price) and he'd have it fixed for me. No dice.
I called a friend of mine who worked at another dealer, and he told me to walk also. He said it didn't matter if the car had 10 miles on it, once it had paint work it would automatically be classifed as "rough" condition in all the appraisal books...
The Z06 I ordered arrived with a good size nick and scratch on the front fender. I had one of the best body guys around look at it, and he didn't want to touch it with a 10 foot pole... he said that with the JSB paint as shifty as it is, he would have to paint the door, fender, hood, and front bumper in order to get the fender to blend.... That's about a 1/3 of the car. No friggin way I'm taking a new corvette with ANY paint work, not to mention a 1/3 painted.
Funny thing was the selling dealer acted like it was no big deal and that I should just buy the car (for the same price) and he'd have it fixed for me. No dice.
I called a friend of mine who worked at another dealer, and he told me to walk also. He said it didn't matter if the car had 10 miles on it, once it had paint work it would automatically be classifed as "rough" condition in all the appraisal books...
11-02-2007, 12:55 AM
#25
Safety Car
If the damage was contained to only the bumper cover and did not touch the frame then it is by no means a wreak. It is a simple replacement of covers and then a good paint job if done good there should be no value lost. Although in your eyes and mind the car is wreaked as I know I would feel the same as I take pride in caring for my car and if someone backed into it I would feel like the car is totalled.
Sorry to hear that happening to your baby.
Sorry to hear that happening to your baby.
11-02-2007, 09:58 AM
#27
Race Director
Member Since: Oct 2004
Location: Virginia Bch VA
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Cruise-In VI Veteran
Cruise-In VII Veteran
St. Jude Donor '06
If you do a little research you'll find that you are entitled to diminished value if the accident was not your fault. I was rear ended in my Lotus a couple of years ago and I received $6K in diminished value from the other persons insurance company over the cost of repairs. What's ironic is that's exactly how much I lost when I sold the car over what similar, never wrecked, cars were selling for at the time.
Although, insurance companies won't just give you diminished value without some work/fight on your part. You will need to hire an independent certified appraiser to value your car after the repairs are complete and submit that appraisal to the insurance company. It's best to actually hire a company that specializes in diminished value claims. They can assist you with all the info and forms you'll need to make your claim. It costed me $300 to hire someone to get me $6k, so it's worth doing. You will need to be patient as it took me about 6 months to get my settlement. Insurance companies love to stall in hopes that you'll give up and move on.
Although, insurance companies won't just give you diminished value without some work/fight on your part. You will need to hire an independent certified appraiser to value your car after the repairs are complete and submit that appraisal to the insurance company. It's best to actually hire a company that specializes in diminished value claims. They can assist you with all the info and forms you'll need to make your claim. It costed me $300 to hire someone to get me $6k, so it's worth doing. You will need to be patient as it took me about 6 months to get my settlement. Insurance companies love to stall in hopes that you'll give up and move on.
