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Lurker Deluxe

(1,036 posts) Tue Apr 15, 2014, 10:46 AM Apr 2014

Any experience with diminished value

I was in an auto accident a month ago. There were no injuries, the most important part ... however, my pretty blue mustang took a solid smack. It is now repaired and everything is getting back to normal. It is a 2013 V6 Mustang loaded out pretty nicely. The repair bill was $8500, and it was repaired at the dealership where it was purchased.

The insurance company is offering me $3000 diminished value, this seems a little low.

Anyone have any experience with this, or any thoughts?

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Any experience with diminished value (Original Post) Lurker Deluxe Apr 2014 OP

It sounds about right to me. MineralMan Apr 2014 #1

MineralMan

(146,286 posts)

1. It sounds about right to me.

Reply to Lurker Deluxe (Original post)

Tue Apr 15, 2014, 11:31 AM

Apr 2014

Was the repair covered by the insurance?

There's no question that a car that has been in an accident and was repaired has diminished value. These days, everyone wants to see the CarFax report before they buy a used car.

No matter how good the repair, it was repaired after a crash.

You could dispute the amount and maybe get a little more, but you might not succeed.

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