In Quebec I slid into a ditch with my 2008 Monaco Cayman towing my2014 Honda CR-V. By the time the MH was drug out of the ditch it wasdeclared 'totaled'.I was able to drive my Honda toad back home to Texas. It can probably be repaired, but what about DIMINISHED VALUE? 'Rolled on side' would not look good on a Car-Fax.Does anyone have experience with this situation?

I don't, but wanted to say that I'm glad your ok. Hopefully ALL passengers ( if any others ) were ok as well.. vehicles can be replaced...

I don't think it shows up on carfax if it isn't run through insurance.At least that use to be the case, it may be different now. Pay out of pocket and it just gets fixed. Run it through insurance, it gets reported.That's why carfax is only half the story.

Get it fixed and drive it. You won't see much diminished value on a 6 year old car.

If it was already declared "totaled" that means the adjuster has already determined the repair would exceed 70-75% of the vehicles value (depends on company policy). Yes, it will be reported to CarFax and any other reporting service at this point, since it has already been evaluated by an adjuster.You will be provided the option to "buy back" your car at salvage value. If you take this option, salvage value will simply be deducted from your settlement value (book value minus any outstanding lien payments) and you will end up with a branded title. You do not get diminished value unless it was determined "repairable' (i.e. non totaled).

So it has damage that can be repaired. Get it repaired then.Why worry about diminished value when in fact it probably does have a diminished value? Why wouldn't it?I had my practically new truck hit while it was parked. Insurance paid for the complete repair and they would have nothing to do with my concerns about 'diminished value' as they said it would be repaired to an "as new" state.When I went to sell it I disclosed to buyers that there had been a repair done to it. The guy that bought said, "Doesn't bother me. I know it was fixed properly."I guess you could pay out of pocket to get it repaired "under the radar", but if it ever came to it would you be comfortable selling it to someone without disclosing the damage? Your call I suppose.I'm sure when you get a chance to reflect on everything, the fact that you and yours are all OK after an accident will diminish the concern over the value of a used car.

rolled MH onto the side - and the towed | Good Sam Community

carringb
Explorer
Oct 10, 2019
If it was already declared "totaled" that means the adjuster has already determined the repair would exceed 70-75% of the vehicles value (depends on company policy). Yes, it will be reported to CarFax and any other reporting service at this point, since it has already been evaluated by an adjuster.

You will be provided the option to "buy back" your car at salvage value. If you take this option, salvage value will simply be deducted from your settlement value (book value minus any outstanding lien payments) and you will end up with a branded title. You do not get diminished value unless it was determined "repairable' (i.e. non totaled).
Tyler0215
Explorer
Oct 10, 2019
Get it fixed and drive it. You won't see much diminished value on a 6 year old car.
parker_rowe
Explorer
Oct 10, 2019
I don't think it shows up on carfax if it isn't run through insurance.

At least that use to be the case, it may be different now. Pay out of pocket and it just gets fixed. Run it through insurance, it gets reported.

That's why carfax is only half the story.
ford_truck_guy
Nomad
Oct 10, 2019
I don't, but wanted to say that I'm glad your ok. Hopefully ALL passengers ( if any others ) were ok as well.. vehicles can be replaced...

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