03-18-2014, 07:05 PM | #23 | ||
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03-18-2014, 08:39 PM | #24 |
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I would assume this will go to Carfax and that of itself will cause some dollar losses at trade-in.
You should look in to filing a diminished value claim against their insurance. You just need to get an expert opinion regarding the potential dollar value loss even after the car is fixed. This will probably not be very high in your case but worth pursuing. Expert estimates and letters can cost ~$500 in my experience, but can be worth their weight in gold. Their insurance may come back and ask for an authorized dealer letter that states you would indeed lose money in such a trade-in because of the wreck. This can be tough to get, but if you know anyone with a dealer license that is willing to vouch for this you are good. BMW dealerships don't want to risk getting called into court so they usually will not write a letter stating the dollar loss, even though they will hit you when you trade in. Best of luck, good thing is your car is fine. My brand new ///M was destroyed 2 weeks after I took delivery and it took 2 years to get everything settled. I did get 12 grand of diminished value from the drunks insurance co. though. |
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03-18-2014, 10:31 PM | #25 |
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Totally agree - and you are correct ,that problem (a real one) can be just as bad if not worse than a Carfax!
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