Dealer Screwed Me
#61
Pole Position
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A close friend of mine that is a former car salesman told me the first thing any salesman or appraiser looks for is vehicle damage. He looked for it while talking to the car owner by simply walking around the car. He looked at paint, body lines, panel alignment, molding, tire condition, interior condition, and basically anything else that could be seen with the naked eye. Then they ran a car-fax report on it. He had a check sheet documenting the condition of the car as he saw it that was given to the appraiser along with the car fax report before any trade-in value was determined and offered to the customer. He said many times the appraiser would test drive the vehicle around the lot and into the garage to be lifted up to look underneath. He never directly asked the customer the history of the car being traded in, so that when resold and the new buyer found a problem, the dealership could say the origional owner did not notify them on the problem. So it does not matter if KBB or NADA does not have any seperate values for previously damaged vehicles, any damage or repairs are taken in consideration when determining trade-in value.
#62
Lexus Test Driver
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That is totally insane. So what if KBB doesnt list a seperate apprasal for different accident severities. Why did carmax knock off $2k my trade in value for my 06 IS350? On the Trade in notice it clearly CLEARLY stated "Many panels were painted" (and the only panels painted were, the fender.... and a blend into the door... and a blend into the hood)
anyone....ANYONE WHO ASSESS car can tell if a car has been painted. Its quite easy to recognize paint blend area's if you know what to look for.
#63
Lexus Test Driver
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FYI...
widely used market valuation guides, such as the Kelley Blue Book and the National Automobile Dealers Association (NADA) book, don't have separate valuation tables for vehicles repaired following an accident.
There is no diminished value (perceived or ortherwise) ff repair work is done properly by competent repair facility, and non-structural in nature. It's just a shakedown by the car owner, pure and simple.
widely used market valuation guides, such as the Kelley Blue Book and the National Automobile Dealers Association (NADA) book, don't have separate valuation tables for vehicles repaired following an accident.
There is no diminished value (perceived or ortherwise) ff repair work is done properly by competent repair facility, and non-structural in nature. It's just a shakedown by the car owner, pure and simple.
If there is enough light then there is the ability to see the damaged or repainted sides of a car. Its a habit for me to do that while I drive, it annoys the hell out of my girlfriend.
#64
Lexus Test Driver
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TimboIS, KBB DOES take car accidents ino account
Go to KBB.com
Select Appraise my car. Click trade in. And appraise an 2006 IS350, with 15K miles and default options.
Use their "Condition Quiz"
for the first test.
Select all the options on the left(flawless, fully functional etc). Click Continue. The car is worth $31050
For the second test
Click back, using their "Condition Quiz"
Select all the options on the left
Change the Paint or Body work to "More than $3000"
Click continue
And its value is $26295
THATS $4700 IN DIMINISHED VALUE. As you can see, Diminished value DOES Exist.
Even if you select <$3000 in damage, the car is assessed $1700k Less. As I have said all along.
SO you have been slamming the OP over complaining about $118, when the dealership just screwed him out of $1700-$4700 of his cars value.
Go to KBB.com
Select Appraise my car. Click trade in. And appraise an 2006 IS350, with 15K miles and default options.
Use their "Condition Quiz"
for the first test.
Select all the options on the left(flawless, fully functional etc). Click Continue. The car is worth $31050
For the second test
Click back, using their "Condition Quiz"
Select all the options on the left
Change the Paint or Body work to "More than $3000"
Click continue
And its value is $26295
THATS $4700 IN DIMINISHED VALUE. As you can see, Diminished value DOES Exist.
Even if you select <$3000 in damage, the car is assessed $1700k Less. As I have said all along.
SO you have been slamming the OP over complaining about $118, when the dealership just screwed him out of $1700-$4700 of his cars value.
Last edited by tqlla3k; 03-21-07 at 09:55 AM.
#65
Tech Info Resource
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FYI...
widely used market valuation guides, such as the Kelley Blue Book and the National Automobile Dealers Association (NADA) book, don't have separate valuation tables for vehicles repaired following an accident.
There is no diminished value (perceived or ortherwise) ff repair work is done properly by competent repair facility, and non-structural in nature. It's just a shakedown by the car owner, pure and simple.
widely used market valuation guides, such as the Kelley Blue Book and the National Automobile Dealers Association (NADA) book, don't have separate valuation tables for vehicles repaired following an accident.
There is no diminished value (perceived or ortherwise) ff repair work is done properly by competent repair facility, and non-structural in nature. It's just a shakedown by the car owner, pure and simple.
#66
Liquid Bra Champion
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TimboIS, KBB DOES take car accidents ino account
Go to KBB.com
Select Appraise my car. Click trade in. And appraise an 2006 IS350, with 15K miles and default options.
Use their "Condition Quiz"
for the first test.
Select all the options on the left(flawless, fully functional etc). Click Continue. The car is worth $31050
For the second test
Click back, using their "Condition Quiz"
Select all the options on the left
Change the Paint or Body work to "More than $3000"
Click continue
And its value is $26295
THATS $4700 IN DIMINISHED VALUE. As you can see, Diminished value DOES Exist.
Even if you select <$3000 in damage, the car is assessed $1700k Less. As I have said all along.
SO you have been slamming the OP over complaining about $118, when the dealership just screwed him out of $1700-$4700 of his cars value.
Go to KBB.com
Select Appraise my car. Click trade in. And appraise an 2006 IS350, with 15K miles and default options.
Use their "Condition Quiz"
for the first test.
Select all the options on the left(flawless, fully functional etc). Click Continue. The car is worth $31050
For the second test
Click back, using their "Condition Quiz"
Select all the options on the left
Change the Paint or Body work to "More than $3000"
Click continue
And its value is $26295
THATS $4700 IN DIMINISHED VALUE. As you can see, Diminished value DOES Exist.
Even if you select <$3000 in damage, the car is assessed $1700k Less. As I have said all along.
SO you have been slamming the OP over complaining about $118, when the dealership just screwed him out of $1700-$4700 of his cars value.
#67
Lexus Test Driver
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Are you an insurance agent? WHO WOULD BUY A REPAIRED CAR WITH BODY WORK... when they can get the same car, without paint blends and with less doubt as to the condition of the car.
Besides, KBB has a seperate selection for body condition.
Exterior Condition
Paint and body Flawless, glossy Dents, dings or chips Damaged
Paint or body work None Less than $3000 More than $3000
How can you just straight out refuse to beleive proof that is right in your face. I friggin got tagged with 2K in diminished value when trying to trade in my IS350... HOW HARD IS IT TO UNDERSTAND
Besides, KBB has a seperate selection for body condition.
Exterior Condition
Paint and body Flawless, glossy Dents, dings or chips Damaged
Paint or body work None Less than $3000 More than $3000
How can you just straight out refuse to beleive proof that is right in your face. I friggin got tagged with 2K in diminished value when trying to trade in my IS350... HOW HARD IS IT TO UNDERSTAND
Last edited by tqlla3k; 03-21-07 at 10:20 AM.
#68
Tech Info Resource
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Again - numbers matching draws more money from a real buyer. Never been in an accident draws more money from a real buyer. How hard is that to understand?
#69
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Again, I still say if it was their car that got banged up by a service tech and they were put thru the same set of circumstances as was the OP, some people here would be singing quite a different tune...
#70
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Diminished value is very real. The only problem is that in NY, insurance companies do not recognize it. Some do in other states. Anyways, even if he complains and tries to sue, he will not win due to previous rulings on this issue within the state. He will pay more out of pocket from legal fees. Trust me, I've done my research since I was involved in an accident.
Unfortunately, now all he can do is either bite the bullet or hope the dealership, out of good will somehow reimburses in other ways for what happened.
I'd keep the car for many years so the amount of money loss from the accident is somewhat negligible.
Unfortunately, now all he can do is either bite the bullet or hope the dealership, out of good will somehow reimburses in other ways for what happened.
I'd keep the car for many years so the amount of money loss from the accident is somewhat negligible.
#71
Tech Info Resource
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There's a question waiting to be asked - if the car is leased, will they assess the value of the car at turn in less than if it had not been in an accident?
#72
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That's NOT entirely true!
If you complain to Lexus Corp. they will talk to the dealer and depending on how bad the situation is, they can limit the dealer's allocation and the number of cars they get!
They are pretty good about this with Toyota so, for Lexus they would be really good...
If you complain to Lexus Corp. they will talk to the dealer and depending on how bad the situation is, they can limit the dealer's allocation and the number of cars they get!
They are pretty good about this with Toyota so, for Lexus they would be really good...
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this is a service related issue and has nothing to do with the sales dept, which is who gets the cars. allocation wouldnt be effected over a $118 service bill any more than it would over a $5000 service bill. not related at all.
#73
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Diminished value SHOULD only apply in cases where there is structural damage done to the car. I lurk on alot of other car forums and am amazed at just how much people THINK they are owed because somebody scratched their car or becasue they needed to replace a plastic bumper cover or a fender.
#74
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FYI...
widely used market valuation guides, such as the Kelley Blue Book and the National Automobile Dealers Association (NADA) book, don't have separate valuation tables for vehicles repaired following an accident.
There is no diminished value (perceived or ortherwise) ff repair work is done properly by competent repair facility, and non-structural in nature. It's just a shakedown by the car owner, pure and simple.
widely used market valuation guides, such as the Kelley Blue Book and the National Automobile Dealers Association (NADA) book, don't have separate valuation tables for vehicles repaired following an accident.
There is no diminished value (perceived or ortherwise) ff repair work is done properly by competent repair facility, and non-structural in nature. It's just a shakedown by the car owner, pure and simple.
#75
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That is totally insane. So what if KBB doesnt list a seperate apprasal for different accident severities. Why did carmax knock off $2k my trade in value for my 06 IS350? On the Trade in notice it clearly CLEARLY stated "Many panels were painted" (and the only panels painted were, the fender.... and a blend into the door... and a blend into the hood)
anyone....ANYONE WHO ASSESS car can tell if a car has been painted. Its quite easy to recognize paint blend area's if you know what to look for.
anyone....ANYONE WHO ASSESS car can tell if a car has been painted. Its quite easy to recognize paint blend area's if you know what to look for.