diminished value help
#1
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diminished value help
Does anyone have any experience in this matter? My chally (srt8) was hit in my driveway as I slept. new fender and repaint. Any way to establish an amount of diminished value on this first edition numbered vehicle? I brought a letter from the dealer, but need more documentation. Any help is greatly appreciated.
#3
RE: diminished value help
These are really hard to quantify for an insurance company and most of them will not make this adjustment for you. With the Challenger being new and not a true collectable at this time I cannot see this happening. I do wish you luck though and if it was a small amount of repair I would not really worry to much about any value loss. If it was in a serious accident then yes there would be concern.
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RE: diminished value help
ORIGINAL: LONEWATTE
Does anyone have any experience in this matter? My chally (srt8) was hit in my driveway as I slept. new fender and repaint. Any way to establish an amount of diminished value on this first edition numbered vehicle? I brought a letter from the dealer, but need more documentation. Any help is greatly appreciated.
Does anyone have any experience in this matter? My chally (srt8) was hit in my driveway as I slept. new fender and repaint. Any way to establish an amount of diminished value on this first edition numbered vehicle? I brought a letter from the dealer, but need more documentation. Any help is greatly appreciated.
**Your story reminds me of a story about a professional car reviewer. He had brought cars home for years and had no problems...then he brings home a top of the line Corvette (the most $$$ car he ever tested)...and sure enough it got nailed while sitting in his driveway....it was totaled.
#5
RE: diminished value help
If the repair is done right it should be a minor issue. Modern paints are easy to match and a good shop should be able to make the repair so that you can't tell it was done.
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