Quote:
Originally Posted by Cjm005
Why does it matter if some intends to sell or not? The person hit should be made whole, exactly what they had prior to the accident. If the car has 10k worth of damage, it is forever a wrecked car and worth less in the eye of any future buyer. There are companies that investigate and put together a market analysis for this exact same reason.
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You just answered your own question. If the car has been made whole then it's been made whole. If it's worth less it's only in the eyes of a buyer (potentially), not the owner who has a fully restored vehicle same as it was before. This is a free money scam, nothing more. The only way I'd have even considered awarding some money is if he had tried to sell it and not been able to get a standard price. Which in his case he could have based upon the type of vehicle he had and the exact market analysis you mentioned. Cars of his type that had been wrecked and restored were selling just fine at regularly prices, because once again the market dictates it in real time.
You guys can say what you want, if I'm looking for a very specific vehicle and I find the exact one I want for the price I want I'm not going to care one bit about a prior accident as long as it's been restored. I'm going to buy what I want to buy, that's the free market. Do some buying/selling on craigslist to understand how the market works.
If someone says what I'm selling is only worth X and I say nope its Y and he wants it, he's going to pay Y. Anyway my points made.