Forum Discussion
Mike_E_
Oct 10, 2019Explorer II
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.
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.
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