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      03-16-2014, 08:53 AM   #1
dmn8
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Accident - Need advice

So was rear ended while sitting at a red light by a lady texting and not paying attention - hit me doing about 10-15. The bumper is done and the trunk lip is dented in. I have the body shop that I trust to do the work and will have it taken care of.

My question to this group is how does this impact the value of the car? I always trade in cars early and now that this will show up on CarFax I know it will impact the value.

Any opinions or experience on how this will hurt the value and where I need to start negotiating with the insurance company?

Thanks in advance for your help!
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      03-16-2014, 09:16 AM   #2
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Quote:
Originally Posted by dmn8 View Post
So was rear ended while sitting at a red light by a lady texting and not paying attention - hit me doing about 10-15. The bumper is done and the trunk lip is dented in. I have the body shop that I trust to do the work and will have it taken care of.

My question to this group is how does this impact the value of the car? I always trade in cars early and now that this will show up on CarFax I know it will impact the value.

Any opinions or experience on how this will hurt the value and where I need to start negotiating with the insurance company?

Thanks in advance for your help!
Sucks sorry to hear typically a bumper replacement would not hit car fax. But the trunk repair just may because I doubt they will replace it. Yes any carfax will assist with depreciation because people stay away from damaged cars unless it's a smoking deal. All in all you're not talking about a lot of money .........the fix will be great enjoy the car.
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      03-16-2014, 09:28 AM   #3
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That damage doesn't look that bad. Definitely not bad enough to cause any diminished value. If you are worried about it, take a lot of pics both before and after so you are able to reassure any potential buyer.

As for Carfax... I had an accident in my E46 M3 back around '05. Some kid made a left turn directly in front of me (traveling from the other direction) and I t boned him. Totally his fault.

Final repair bill was north of $23k.

It never showed up on Carfax.
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      03-16-2014, 09:55 AM   #4
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^This^. Relatively minor with no structural damage. Shouldn't radically affect value. It'll be good as new.
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      03-16-2014, 10:02 AM   #5
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It doesn't look like there's any structural damage underneath. Just that the bumper did its job. If you can get the lady who hit you to pay for the damages with cash you can avoid car insurance contacting Carfax entirely.

Also here's your new T-Shirt.
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      03-16-2014, 11:39 AM   #6
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Just make sure your PDC is working without problems.
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      03-16-2014, 12:25 PM   #7
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Quote:
Originally Posted by GNALUZU View Post
That damage doesn't look that bad. Definitely not bad enough to cause any diminished value. If you are worried about it, take a lot of pics both before and after so you are able to reassure any potential buyer.

As for Carfax... I had an accident in my E46 M3 back around '05. Some kid made a left turn directly in front of me (traveling from the other direction) and I t boned him. Totally his fault.

Final repair bill was north of $23k.

It never showed up on Carfax.
Wow sucks for who owns the car now ......any major repair car will never be the same outside of just simple bumper replacement as in this case.
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      03-16-2014, 08:40 PM   #8
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Thanks everybody for your input.
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      03-17-2014, 02:12 AM   #9
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I had exact same scenario first week I owned the car. $6500 in repairs. Looks perfect now. It DID appear on carfax sadly.
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      03-17-2014, 02:26 AM   #10
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Quote:
Originally Posted by GNALUZU View Post
That damage doesn't look that bad. Definitely not bad enough to cause any diminished value. If you are worried about it, take a lot of pics both before and after so you are able to reassure any potential buyer.

As for Carfax... I had an accident in my E46 M3 back around '05. Some kid made a left turn directly in front of me (traveling from the other direction) and I t boned him. Totally his fault.

Final repair bill was north of $23k.

It never showed up on Carfax.
wow was this reported to insurance? because if you know a body shop and you do everything under the table no paperwork then it wont show on car fax. curious to know
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      03-17-2014, 06:33 AM   #11
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The body shop that does all the dealer work doesn't typically report the issue but there was a police report completed and the person who hit me was cited. So that should do it right there.
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      03-17-2014, 09:02 AM   #12
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In my situation, the other driver was sited by the police and found to be at fault.

His insurance company was involved and I know the bodyshop didn't do anything under the table.

Yesterday, I went to look at a Porsche for a member on another board who lives in a different state. Carfax says that the convertible top is fully operational. The car is a coupe.
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      03-17-2014, 10:30 AM   #13
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BTW, you can collect for the depreciated value of the car in addition to the actual losses. Not worth it for inexpensive cars but once you're in the $100,000 range, it is certainly worth it.
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      03-17-2014, 11:10 AM   #14
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Whether the accident goes on Carfax or not is irrelevant. Any dealer evaluating a trade-in will determine based on physical inspection if the car has been in an accident, as will any discerning private buyer. They will have somebody inspect the car with access to a lift and look for clamp marks, assess paint depth variations, etc.

Further if you sell the car privately you should be disclosing material facts like whether or not it has been in an accident. Obviously if you keep the photos and if no VIN body panel has been replaced then the impact on value is minimal. Replacing a bumper is no big deal - people do that all the time because of chips, scratches or because of aero upgrades.

However if the trunk is replaced or even straightened and repainted, then this will affect value.
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      03-17-2014, 11:37 AM   #15
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Quote:
Originally Posted by dmn8 View Post
So was rear ended while sitting at a red light by a lady texting and not paying attention - hit me doing about 10-15. The bumper is done and the trunk lip is dented in. I have the body shop that I trust to do the work and will have it taken care of.

My question to this group is how does this impact the value of the car? I always trade in cars early and now that this will show up on CarFax I know it will impact the value.

Any opinions or experience on how this will hurt the value and where I need to start negotiating with the insurance company?

Thanks in advance for your help!
ouch - that sucks man. someone rear ended me a few years ago in my E46 M. the bumper did its job, but it was a mess. the initial assessment looked simple enough, but when we took it off there was some damage to the battery compartment and the battery was cracked.

it was a pain the ass to get this sorted and the claim to fix it was significantly more, but the body shop did an awesome. it was reported to carfax and his insurance paid for it. i didn't have an issue selling it in a private sale and got better than market value at the time. it also helped that it was low milage and looked like i just drove it off the dealer lot...

good luck.
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      03-17-2014, 12:25 PM   #16
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[QUOTE=GNALUZU;15616428
Yesterday, I went to look at a Porsche for a member on another board who lives in a different state. Carfax says that the convertible top is fully operational. The car is a coupe.[/QUOTE]

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      03-17-2014, 06:20 PM   #17
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Quote:
Originally Posted by savela View Post
BTW, you can collect for the depreciated value of the car in addition to the actual losses. Not worth it for inexpensive cars but once you're in the $100,000 range, it is certainly worth it.
Diminished value is a long process to go through and, from just looking at the damage of this picture, I don't think it would be worth pursuing.

It took me over a year to finalize my DV claim with my accident.

Quote:
Originally Posted by stealth.pilot View Post
Whether the accident goes on Carfax or not is irrelevant. Any dealer evaluating a trade-in will determine based on physical inspection if the car has been in an accident, as will any discerning private buyer. They will have somebody inspect the car with access to a lift and look for clamp marks, assess paint depth variations, etc.
I've never once seen a dealership put a car up on a lift to inspect the car. Every car I've traded they have checked for paint work and panel gaps and that is all.

I didn't sell that M3 privately because I didn't want to deal with the issues of discussing the repairs with every potential buyer. I traded it to a dealership and they were told that it had front end damage. They looked at the car and made me what I considered a fair offer (without any significant inspection). Sure, I could have gotten more on the private market, but it just wasn't enough to make it worth the time to find the buyer.
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      03-17-2014, 08:22 PM   #18
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Quote:
Originally Posted by GNALUZU View Post
Diminished value is a long process to go through and, from just looking at the damage of this picture, I don't think it would be worth pursuing.

It took me over a year to finalize my DV claim with my accident.
I agree. The the above is really insignificant. Simply an FYI.
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      03-17-2014, 08:26 PM   #19
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As long as you are ok and car looks relatively ok too,
Don't feel bad,
Could have been same girl driving 35 mph and hit you still!!
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      03-17-2014, 09:00 PM   #20
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Quote:
Originally Posted by dmn8 View Post
The body shop that does all the dealer work doesn't typically report the issue but there was a police report completed and the person who hit me was cited. So that should do it right there.
that is crazy it did not show on the car fax based on the police report
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      03-18-2014, 06:49 PM   #21
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Quote:
Originally Posted by stealth.pilot View Post
Whether the accident goes on Carfax or not is irrelevant. Any dealer evaluating a trade-in will determine based on physical inspection if the car has been in an accident, as will any discerning private buyer. They will have somebody inspect the car with access to a lift and look for clamp marks, assess paint depth variations, etc.
I disagree. If it shows up on Carfax he is toast. Had a friend that sustained $1K in door damage on his car when a lady misjudged her parking ability. She pulled out and parked in a new spot - but the cameras caught her. The door is perfect - you can not tell anything is up with it. Still, each and every dealer said the CarFax was either a dealbreaker (they would not even look at it) or took 10-20% off the trade due to the Carfax. Ultimately, having one of those on your VIN is the kiss of death these days.
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      03-18-2014, 06:56 PM   #22
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CarFax is a big problem if it shows up.
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