Go Back   986 Forum - for Porsche Boxster & Cayman Owners > Porsche Boxster & Cayman Forums > Boxster General Discussions

Reply
 
LinkBack Thread Tools Display Modes
Old 09-22-2005, 06:56 AM   #1
Registered User
 
Join Date: Jan 2005
Posts: 39
Car value after accident

My GF was just in a fender bender, other persons fault, no major damage but some body work and paint will be necessary to the L rear quarter panel and bumper. She has a 2001 A4 1.8t in pristeen condition (thankfully NOT the Boxster!!). How will this affect the cars value, as she was thinking of trading in soon? Can I get the other guys insurance to pay for loss of value?

Thanks for any advice.

J. Tucker
'99 Silver Boxster

jtucker is offline   Reply With Quote
Old 09-22-2005, 07:03 AM   #2
Registered User
 
Brucelee's Avatar
 
Join Date: Jun 2004
Location: Des Moines, IA
Posts: 8,083
No, the insurance question. Insurance will pay for the repair less your deductable.

On the impaired value, the answer is MAYBE.

That is, if the buyer knows that there has been repair/paint work AND the buyer knows enough to care then is will lower the value of your car.

How much will it impact value?

We dealers do an assessment. Depending on how much paint work, we start at a thousand and work up.

The key here is the quality of the repair. Some repair shops are masters at this and a trained eye cannot tell the difference.

If possible, try to find a shop that will paint the repair back to factory paint thickness and whose work you have seen and are impressed with.


Good luck!
Brucelee is offline   Reply With Quote
Old 09-22-2005, 08:12 AM   #3
Registered User
 
deliriousga's Avatar
 
Join Date: Jun 2005
Location: USA!!
Posts: 1,159
Beautifully stated Brucelee.

When you talk to the insurance company about the value decreasing due to the repairs, use the term "diminished value" so it sounds like you know a lot about dealing with insurance. In Georgia, they are required to pay for diminished value. Like Brucelee said, get a dealer to check it out and give you the number since they know more about the car's value than most.

Check with your state's insurance commissioner's office to see if diminished valued is required before you talk to the insurance company. Then be as nice as possible with your dealer's estimate and see if they say ok or give you a hard time. If they give you a hard time and they're required to pay it, let them know you've checked and know they must pay it while still being nice. You should not have any trouble after that, but if you do, let them know you will file a complaint with the insurance commissioner's office while still being nice. It usually will not go that far.

__________________
1987 928S4 Silver Metallic (980)/Navy (TP) 5-Speed
2000 Boxster Speed Yellow/Black 5-Speed
1966 Wife White/Brown Top
1986 Daughter White/Brown Top (Sold!)
1992 Daughter White/Blonde Top
deliriousga is offline   Reply With Quote
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On




All times are GMT -8. The time now is 06:58 PM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2020, vBulletin Solutions, Inc.
Content Relevant URLs by vBSEO 3.6.0
Copyright 2018 Pelican Parts, LLC - Posts may be archived for display on the Pelican Parts Website -    DMCA Registered Agent Contact Page