Quote:
Originally Posted by jeep_junkie
Well, I am not even sure Diminished Value is an issue in my case. The total damage is somewhere around $3500. I did not file a claim on my insurance; instead I let Enterprise's insurer handle it. I specifically asked them if this claim would be reported and they said they aren't authorized to do so unless I ask them. The body shop said the same thing too. So I am not really sure how this would affect the car's resale value.
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Diminished value has little to do with how much in damage you received and nothing to do with which insurance party handles the claim. Diminished value is there because if you try to sell it, when someone pulls up the carfax they will see its been involved in an accident, regardless how minor or severe, it will hurt your resell value just simply because it happened.