One Week Old Civic EX-L: Rear Ended

[demichae]

Stopped at a stop light, lady in SUV slams into back. Not happy. At least she was insured.

 

[slowride]

Yikes, that sucks.

 

[inv4zn]

It looks like she must have hit you at some speed.

The car is one thing, but make sure you get proper care. Your neck will be sore after a few days, at the very least.

 

[jeffshonda06]

Stopped at a stop light, lady in SUV slams into back. Not happy. At least she was insured.

this has to hurt! yes at itll get taken care of

 

[gunbunnysoulja]

Make sure to claim diminished value.

 

[jeffshonda06]

Make sure to claim diminished value.

 

[Newflyer3]

What does that mean? Sorry noob question

The insurance company will only pay back on the appraised value of the vehicle. You eat taxes and destination, title fees, probably take a 1500 hit right away on depreciation driving off the lot. The insurance company will pay you that amount and since the car was a week old, OP will want MSRP as a settlement pretty much. DV claim sues for that difference.

 

[jeffshonda06]

The insurance company will only pay back on the appraised value of the vehicle. You eat taxes and destination, title fees, probably take a 1500 hit right away on depreciation driving off the lot. The insurance company will pay you that amount and since the car was a week old, OP will want MSRP as a settlement pretty much. DV claim sues for that difference.

 

[jeffshonda06]

...

 

[Newflyer3]

Thats insane. How did you find this out?

It's sorta common knowledge?... I mean, your insurance company only pays you $10,000 for you 2012 Civic if you total it now in 2016. You wouldn't claim DV on that now because you've used the car for 5 years but if I had a 2016 that was a week old, I don't want some bitch ass lady to rear end me and have me eat $3000 in value right there on the spot.

On a side note, I hate it when I go on Craigslist or on Kijiji and see people selling their 2016 Civic Touring for whatever reason for $30,000. Like, the car retails for $27k. You as the original owner must take a bath on GST, Freight/PDI, Gov't Fees, and you take another $1500 off the selling MSRP, then you can sell me the car 'used'. You technically can't pass on those fees to the second owner.

 

[Farcry1010]

The insurance company will only pay back on the appraised value of the vehicle. You eat taxes and destination, title fees, probably take a 1500 hit right away on depreciation driving off the lot. The insurance company will pay you that amount and since the car was a week old, OP will want MSRP as a settlement pretty much. DV claim sues for that difference.

That's on a total no? To me this is not a total. He would only pay his deductible for collision (possibly getting that deductible back from her). To me this looks like a $3000 job maybe more

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