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View Poll Results: How much less would a repaired ZL1 need to be to buy it over a never damaged ZL1?
No discount needed. 1 1.16%
$0-2500 3 3.49%
$2500-5000 19 22.09%
$5000-7500 17 19.77%
Wouldn't buy the damaged car at any price. 46 53.49%
Voters: 86. You may not vote on this poll

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Old 11-22-2019, 06:52 PM   #15
lt4camaro

 
Drives: 2016 1lt v6 manual
Join Date: May 2013
Location: Connecticut
Posts: 968
Use a percentage factor, the newer the car the higher the percentage.

This pertains to cars that have a damage indicator on a car fax report. Current and down to 2 yr old car figure the car is worth 25% less than a realistic current book retail value, 5 yr old cars are in the 20% less area and a 10 yr old car would be in the 10 % area. Eventually a car fax damage report means less and less as the car gets older.
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Old 11-23-2019, 03:07 AM   #16
Langhans2016
 
Drives: 2017 zl1 a10
Join Date: Oct 2016
Location: Missouri 2017 zl1. Cammed, magnuson 2650 numbers coming soon
Posts: 109
Zl1

Is the insurance giving you any numbers? Let us know what u end up getting. My zl1 was hit while I was sitting at a stop light and this January will be two years. I have a lawyer working on my case and it’s still not resolved. When the accident happened it had 2500 miles on it 2017 z. Terrible lady was probably texting and driving
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Old 12-02-2019, 10:57 AM   #17
Snakebt6
 
Drives: White 2018 ZL1 A10 w/PDR
Join Date: Jul 2018
Location: Jacksonville Florida
Posts: 218
So my car had $6900 worth of damage.

USAA wants to give me $1900 in diminished value.

They are saying my car is worth 55k with no damage, and literally $1900 less after the accident.

I hired someone to help me with this and they estimated the DV to be alittle over 9k.

I am going to have the dealer give me a trade in estimate on it Friday and go from there.

Clearly USAA is giving me a low ball.

Ill keep every one posted.

Last edited by Snakebt6; 12-02-2019 at 12:58 PM.
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Old 12-02-2019, 01:30 PM   #18
lt4camaro

 
Drives: 2016 1lt v6 manual
Join Date: May 2013
Location: Connecticut
Posts: 968
Quote:
Originally Posted by Snakebt6 View Post
So my car had $6900 worth of damage.

USAA wants to give me $1900 in diminished value.

They are saying my car is worth 55k with no damage, and literally $1900 less after the accident.

I hired someone to help me with this and they estimated the DV to be alittle over 9k.

I am going to have the dealer give me a trade in estimate on it Friday and go from there.

Clearly USAA is giving me a low ball.

Ill keep every one posted.
Make sure you tell the dealer if the car will have a clean car fax report or not.

have the dealer give you a trade in value based on a clean car fax and a accident recorded car fax to show the difference.... and that will be your diminished value dollar amount proof from 1 dealer anyway. The other issue you need to remember is you do not suffer the loss until you actually trade or sell the car for less money than you could have if the car fax was clean. The ins company usually pays a loss when the loss is established (after the sale). The actual damage part of the loss you will be paid up front because you immediately have taken a loss in value to your auto. Once that damage is repaired you are considered whole again until you know sell the car and actually experience another loss due to the accident reported note on the car fax report.
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Old 12-02-2019, 03:11 PM   #19
Snakebt6
 
Drives: White 2018 ZL1 A10 w/PDR
Join Date: Jul 2018
Location: Jacksonville Florida
Posts: 218
Thanks for the insight.
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