Only a minor accident. She was turning right out of a no right turn driveway. Trying to get around a median island. In 5 o'clock traffic. All with her eyes closed apparently.
The thing is, even after repairs, she has lowered the re-sale value of my vehicle permanently. Why shouldn't the insurance company have to front up with some of that? Not just the straight cost of repairs.
carstauranga001,
Aug 29, 11:57pm
Because it isn't part of the insurance contract between you and them.
sugarbear,
Aug 30, 12:03am
Talking about HER insurance. The woman at fault. Why doesn't the insurance pay the true cost of the accident?
gammelvind,
Aug 30, 12:22am
It’s simply because the marble on the insurance companies floor is of considerably higher value tothem than your feelings about loss of value.
beno,
Aug 30, 12:37am
OP can you explain why the resale value of your car has been lowered?
gusthe1,
Aug 30, 12:39am
And how do you and her insurance co reach a value for something that will occur in the future.
ssom1,
Aug 30, 12:48am
That right there pretty much sums it up. Nobody can be liable for an event that has not occured yet.
elect70,
Aug 30, 1:59am
Repair to condition prior to sale . They dont cover consequential losses or devalueation .
gunhand,
Aug 30, 4:58am
You said it was minor, so lets say you had your bumper damaged and it needed replaced. Its replaced, like for like, painted, the same colour (one would hope) and away it goes back to you. If it was worth 10k when you took it in why is it now worth 10k. If you replace a headlight because it got a stone through it, does that devalue you car? If it gets lots of stone chips and you repaint the areas, does that devalue the car? Sure if it was a right off, well ummm, then its not back on the road anyway. Geez even if had a door replaced I can see no reason for it to devalue. What kind of car is it, rare and expensive?
sugarbear,
Aug 30, 5:00am
But in fact, it is impossible to restore a car to the point that it has never been in an accident. There are compromises in paint and in structure. Even if the job looks perfect the difference in paint will tell after a time. And any car that has been in an accident has somewhat lower value than one that has not. Anyone accustomed to shopping for used vehicles will know the truth of that.
As for a future transaction. The value was removed from my vehicle NOW. The compensation should be likewise.
Somebody said it. They don't pay it or even consider it simply because they are capitalists who they can get away with it.
sugarbear,
Aug 30, 5:08am
All other factors being equal the car that has been in an accident is worth less. Do you deny it?
wayned,
Aug 30, 5:17am
What is an accident? Two cars on the road Car parking ding in the parking lot Trolley in the carpark You hit an animal Something that requires repainting
stevexc,
Aug 30, 5:18am
Take them to court then. Bleating about it online isn't going to achieve anything.
marcos1,
Aug 30, 5:29am
I'm going to call bull(cough) on that "fact" Forty plus years in the biz allows me to
friendly_prawn,
Aug 30, 5:34am
I have bought accident repaired vehicles before. Never got any discount because of it. As long as it's repaired to a good standard, isn't that all that matters?
curlcrown,
Aug 30, 6:28am
Your are either taking the piss or you are a nutter.
gunhand,
Aug 30, 6:43am
Some details of what damage and car would be nice. I wonder how the hundreds of thousands of people with correctly repaired cars are getting on. Backyard panel shops are pretty much gone now and shops have to work to strict standards to maintain there standing with insurance companies these days. And yes cars can be put back exactly the same as when the robot did it in the factory. In fact I reckon at times it can be done to a better standard, some factory finishing isn't flash at times. As for the paint looking different in a few years, well its possible but by then your car has devalued anyway. Ive had cars back I've touched up years later and even though I know I have done work on before I couldn't tell what was done, and thats how it should be.
the-lada-dude,
Aug 30, 6:26pm
hahahaha, ' SUGARBEAR ' . yeah right,. you throwing a hissy fit won't help your cause, how about you stand in the rain and have a proper melt down
tjholding,
Aug 30, 9:46pm
Because NZ tort law has repeatedly established that you cannot claim for a hypothetical future loss of value. Insurance in this case is irrelevant - the insurer is stepping in to cover the liability of their insured (she is the one who owes you the repair cost)
Unless you can demonstrate an actual, incurred and provable (to the civil balance of probabilities standard) loss of value, you simply have no legal basis to try and recover these costs from the other party.
melcraig,
Aug 30, 9:57pm
Accidents happen! None of us drive perfectly 100% of the time. Accept it. Get over it.
friendly_prawn,
Aug 30, 11:24pm
I bought a falcon panelvan once. It was an ex cop van. It had been in quite a major accident, the cop driving it had been killed. The van was repaired to a standard that it was in better condition than before the crash. I paid top dollar for it due to the immaculate condition it was in. I should imagine it was 10 times tidier than before the crash. ie: all new paint etc. During the repair, I'm not sure if it was required but they had installed fairmont, dash and upholstery. Just because a car has been in a crash doesn't devalue it. In this instance it increased the value. Rebuild was done to a high spec. Youre getting your knickers in a twist over nothing.
lookoutas,
Aug 30, 11:45pm
Liar - you forgot to deduct the last two years of hibernation.
headcat,
Aug 31, 1:12am
Bet the insurance company has a worse one.
sugarbear,
Aug 31, 3:49am
You lot have no idea what a hissy fit looks like and even less of what getting you knickers in a twist means. Nobody is upset. Except those who are over-reacting to a simple question. Lighten up.
Not having been in an accident for about 40 years I had some thoughts about what has happened to my vehicle. And despite what has been said here, I would think twice, thrice, ten times about buying a previously wrecked vehicle. All depending on severity, price and other things. But I stand by my belief that a damaged vehicle (unless that damage is very minor) is not going to bring the same price as that vehicle would have brought before the accident.
To those who buy previously damaged vehicles I say good luck. Glad that it's worked out for you. That said, plenty of sellers will conceal a history of accident repair from a buyer if they can. I have bought repaired vehicles in my time and had good experiences. But I also negotiated a price based on that fact. You can take it or leave it. That's my experience.
sugarbear,
Aug 31, 3:51am
That sounds like the right answer to my question, Thanks.
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