Diminished Value?

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A Reader - 29 Mar 2007 09:03 GMT

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 - 29 Mar 2007 20:37 GMT

> 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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