Originally Posted by Yachtzee
I've also done some homework and found that, because the car has been in an accident requiring $3000+ in body work and repairs, the value of the car now, compared to if it had not been in an accident, is now $3000 less than what it was. Personally, I feel it's perfectly fair to ask this guy's insurance company to compensate us for that loss, but the claims adjuster looked at me like I was speaking Chinese. Is it that crazy to ask for the lost value on a car that was so new we hadn't even made the first payment on it?
Do a google search for diminished value.
It does suck that your car is worth $3000 less.
From the insurance company's perspective, they have fixed your car back to roughly the same condition as it was - why should they be on the hook for a "perceived" $3000 loss.
It sucks. I hate to say it, but if I ever get in an accident again where I am not at fault, I am going to the hospital to rack up some medical bills. Its seems to be the only way to get any leverage in the situation.