I am being offered a diminished value claim for $500?

Is this fair or should I pursue for more?

 

^ is the incident showing up in your carfax reports

 

I'd go for $1500 if it's not showing up on CarFax or AutoCheck. If it is, $3000.

Problem is who knows how long it might take one of those to display an accident, could take months. That said, I don't think your situation will result in a CarFax report.

 

^ if it ends in the report ... it hurts the resale value big time.. my wife's '13 A4 she had an accident somebody ran a red light and hit her on the fender... no big damage was done structurally, just cosmetic damage.. but it showed up on carfax and i took it to dealer to see what buy in value is current it was 7 grand diff than KBB value... so we ended up putting claim to the insurance company n got that squared..

 

I came back asking for more, and he responded saying $800 was the most they could do, as it was fixed with OEM parts and will only be reported on the carfax as cosmetic damage. I will have to sign a form releasing them from any future claims, etc.

 

take your car to Carmax and have it priced.. and see the difference.

 

The nearest Carmax is 300 some odd miles away.

 

Sorry to hear about this fiasco narph. I didn't know how much hassle an accident like that means...

 

Unfortunately, in my experience that I think I linked you to earlier in this thread, I learned that there are no laws in regard to diminished value. It's been upheld in court cases in over 40 states but that doesn't equal laws. I think your best bet would be to ask them for an independent appraiser to take a look at the car - that was State Farm's policy (responsible party in my accident's insurance company) and they paid me exactly what he said.