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Diminished Value?

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A Reader
 
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Default Diminished Value? - 03-29-2007 , 04:03 AM






I didn't know you could collect for the reduced market value of your car
after an accident repair, but the articles at www.claimsreporter.com say you
can. I know most people will not buy a car with a bad Carfax unless it's
offered at a big discount. Anyone else know about this stuff?



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Dano58
 
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Default Re: Diminished Value? - 03-29-2007 , 03:37 PM






On Mar 29, 4:03 am, "A Reader" <auto.fanatic... (AT) gmail (DOT) com> wrote:
Quote:
I didn't know you could collect for the reduced market value of your car
after an accident repair, but the articles atwww.claimsreporter.comsay you
can. I know most people will not buy a car with a bad Carfax unless it's
offered at a big discount. Anyone else know about this stuff?
First off, I wouldn't take that site at face value, as it's pretty
anti-insurance companies in general. And the problem with Carfax is
that you don't really know the severity of the accident. There's no
way to find out. So, a minor fender-bender seems to be the same as a
major accident, in most people's minds. And Carfax doesn't necessarily
have info on every accident, either.

Dan D
'99 Legacy L 30th (son's)
Central NJ USA



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