Cosmetics Accident affecting value - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Huesaurus · 04-20-2016, 02:09 PM

Hey everyone I got rear ended from a red light yesterday and have to get my rear bumper cover replaced. I realize that it is not a major accident that compromises the integrity of the vehicle but that it will still appear on record.

Do you guys have any experience with FR-S/BRZ dropping in sale value due to a cosmetics accident that appears on car history?

Tcoat · 04-20-2016, 02:23 PM

It may appear on the record but will have very little effect on the value if just the cover. You could go after the other guy for diminished value and maybe get a couple of hundred bucks but that is all.

FRSBRZGT86FAN · 04-21-2016, 02:13 PM

Quote:

Originally Posted by Huesaurus

Hey everyone I got rear ended from a red light yesterday and have to get my rear bumper cover replaced. I realize that it is not a major accident that compromises the integrity of the vehicle but that it will still appear on record.

Do you guys have any experience with FR-S/BRZ dropping in sale value due to a cosmetics accident that appears on car history?

Quote:

Originally Posted by Tcoat

It may appear on the record but will have very little effect on the value if just the cover. You could go after the other guy for diminished value and maybe get a couple of hundred bucks but that is all.

I'm with tcoat you have nothing to lose by filing a diminished value claim.

Tectoniic · 04-21-2016, 04:09 PM

I definitely have not done this and am totally speaking hypothetically here.

If you did not file a police report or have insurance involved you may be better off just having it fixed without reporting anything.

If all you need is a new bumper it will probably come out to less than $1,000. Take a look at your deductible vs a couple estimates and see if it is even worth it to get insurance involved and sometimes body shops will give you a discount if they don't have to do any insurance reporting....

If insurance/police report is already involved then like others said there is no harm in seeing if you can get diminished value

extrashaky · 04-21-2016, 05:30 PM

Quote:

Originally Posted by Huesaurus

Cosmetics Accident affecting value

Let this be a lesson to you. Apply your eyeliner before you leave for work.

extrashaky · 04-21-2016, 05:30 PM

And holy shit people, why did it take more than a day for someone to make that joke?

FRSBRZGT86FAN · 04-23-2016, 09:05 PM

Quote:

Originally Posted by extrashaky

And holy shit people, why did it take more than a day for someone to make that joke?

Holy shit! no one said "totaled"

N1rve · 04-23-2016, 09:13 PM

Quote:

Originally Posted by FRSBRZGT86FAN

Holy shit! no one said "totaled"

It's totaled.

Huesaurus · 04-27-2016, 12:16 PM

Quote:

Originally Posted by Tectoniic

I definitely have not done this and am totally speaking hypothetically here.

If you did not file a police report or have insurance involved you may be better off just having it fixed without reporting anything.

If all you need is a new bumper it will probably come out to less than $1,000. Take a look at your deductible vs a couple estimates and see if it is even worth it to get insurance involved and sometimes body shops will give you a discount if they don't have to do any insurance reporting....

If insurance/police report is already involved then like others said there is no harm in seeing if you can get diminished value

Quote:

Originally Posted by Tcoat

It may appear on the record but will have very little effect on the value if just the cover. You could go after the other guy for diminished value and maybe get a couple of hundred bucks but that is all.

The insurance of that guy is accepting full responsibility so I don't have to pay any deductible or anything of the sort. However, they were pretty dodgy about diminished value and when I kept bringing it up, they eventually told me to gather proof that my cars value dropped and submit it to them for "review".

All I've got so far is an appraisal from a dealer and print outs of CarFax, let's see how it ends up.

Tcoat · 04-27-2016, 12:21 PM

Quote:

Originally Posted by Huesaurus

The insurance of that guy is accepting full responsibility so I don't have to pay any deductible or anything of the sort. However, they were pretty dodgy about diminished value and when I kept bringing it up, they eventually told me to gather proof that my cars value dropped and submit it to them for "review".

All I've got so far is an appraisal from a dealer and print outs of CarFax, let's see how it ends up.

It is not uncommon for insurance companies to say "prove it" when it comes to diminished value claims. They of course are not going to pour resources into paying people more. The appraisal is what you really need and not sure how the CarFax reports help but the more stuff you throw at them the better.

fumanchu1 · 04-27-2016, 12:34 PM

Quote:

Originally Posted by extrashaky

And holy shit people, why did it take more than a day for someone to make that joke?

I have to actually work at work now

fumanchu1 · 04-27-2016, 12:35 PM

Quote:

Originally Posted by Tcoat

It is not uncommon for insurance companies to say "prove it" when it comes to diminished value claims. They of course are not going to pour resources into paying people more. The appraisal is what you really need and not sure how the CarFax reports help but the more stuff you throw at them the better.

Like a brick? That always works out for me

04-20-2016, 02:09 PM	#1
Huesaurus Member Join Date: Nov 2015 Drives: Black FR-S Location: Bay Area Posts: 77 Thanks: 3 Thanked 9 Times in 8 Posts Mentioned: 1 Post(s) Tagged: 0 Thread(s)	Cosmetics Accident affecting value Hey everyone I got rear ended from a red light yesterday and have to get my rear bumper cover replaced. I realize that it is not a major accident that compromises the integrity of the vehicle but that it will still appear on record. Do you guys have any experience with FR-S/BRZ dropping in sale value due to a cosmetics accident that appears on car history?

04-20-2016, 02:23 PM	#2
Tcoat Senior Member Join Date: Jul 2014 Drives: 2020 Hakone Location: London, Ont Posts: 69,845 Thanks: 61,656 Thanked 108,283 Times in 46,456 Posts Mentioned: 2495 Post(s) Tagged: 50 Thread(s)	It may appear on the record but will have very little effect on the value if just the cover. You could go after the other guy for diminished value and maybe get a couple of hundred bucks but that is all. __________________ Racecar spelled backwards is Racecar, because Racecar.

04-21-2016, 04:09 PM	#4
Tectoniic #FiftyShadesOfBlue Join Date: Apr 2015 Drives: 2015 FR-S Location: Chicago Posts: 1,195 Thanks: 2,086 Thanked 1,425 Times in 730 Posts Mentioned: 13 Post(s) Tagged: 4 Thread(s)	I definitely have not done this and am totally speaking hypothetically here. If you did not file a police report or have insurance involved you may be better off just having it fixed without reporting anything. If all you need is a new bumper it will probably come out to less than $1,000. Take a look at your deductible vs a couple estimates and see if it is even worth it to get insurance involved and sometimes body shops will give you a discount if they don't have to do any insurance reporting.... If insurance/police report is already involved then like others said there is no harm in seeing if you can get diminished value __________________ Engine/Exhaust: OFT w/ E85 Tune \| FT86SF Catted UEL \| Invidia Q300 Catback Wheels/Tires/Suspension: Avid.1 AV-20 18x8.5 +33 w/ 245/35/18 PSS \| RCE Yellow Springs \| Velox LCAs Cosmetic: Valenti FT86SF Special Edition Tails \| Diode Dynamics Full HID/LEDs \| BRZ Fender Garnishes

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04-21-2016, 05:30 PM	#6
extrashaky Senior Member Join Date: Mar 2014 Drives: 2014 BRZ Limited Location: USA Posts: 4,045 Thanks: 1,100 Thanked 5,618 Times in 2,266 Posts Mentioned: 55 Post(s) Tagged: 1 Thread(s)	And holy shit people, why did it take more than a day for someone to make that joke?

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