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Diminished Value

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Old 01-01-2015, 01:33 PM
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G wagon
Diminished Value

My car was recently in an accident. The accident will be reported to Car Fax. I own rather than lease the car. I am concerned that when I sell the car it will be a lot more difficult to sell because of the Car Fax accident issue. The insurance company is willing to work out a dollar "diminished value" settlement. However they want some kind of dollar amount basis to go by. Any information someone can provide would be most appreciated.
Old 01-02-2015, 09:18 AM
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It sounds like the insurance company is just putting you off. Along with the cost of the repair, they have databases with all the information they need to calculate a diminished value. Been there and done that.
Old 01-02-2015, 03:47 PM
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Hi. How much did the insurance give you? Did you supply any information to them?

Thanks so much
Old 01-02-2015, 04:03 PM
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Originally Posted by Bretskyg
Hi. How much did the insurance give you? Did you supply any information to them?

Thanks so much
It's too long ago to remember. I did not have to give them any information, other than the cost of the repair which they already knew.
Old 01-02-2015, 06:43 PM
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Hi again. I have not settled with the insurance company. I am trying to do a little do digilence before I contact them. Thanks

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