Delta00's 2002 Tacoma 4WD

Go Back   Tacoma World Forums > Off-Topic > General Automotive


Diminished Vehicle Value?

Thread Tools Search this Thread
Old 07-20-2011, 08:33 PM   #1
Sprink21 [OP] Sprink21 is offline
Sprink21 is on a distinguished road
Name: Jon
Joined: Jan 2011, #48873
Location: Vancouver, WA
Gender: Male
Posts: 50
Sprink21's Tacoma Gallery
Diminished Vehicle Value?

Last week I was on my way home from work and I was rearended in stop and go traffic in my wifes 08 Mazda 3 at around 5mph or less. The damage I dont think is very bad, just two quater sized dents above the rear license plate frame and some faint scratches. The body shop quoted me $500 for repairs. My question is does this go on my vehicles history with such minor damage (clean title until now) and if so am I intitled to any extra money since the vehicles value would be diminished? Any help would be awsome because i've looked all over online and cant find any answers. Thanks guys and gals!
  Reply With Quote
Old 07-21-2011, 09:17 AM   #2
pipelayer_99 is on a distinguished road
Joined: Oct 2009, #24069
Location: Parker, CO
Gender: Male
Posts: 78
pipelayer_99's Tacoma Gallery
You can request diminished value from the insurance company but you will have to prove the damage will reduce the value if you try to sell or trade in the vehicle. Most of the time you won't get diminished valued unless it's a year or two old or the vehicle has frame damage. Doesn't hurt to ask the insurance company. Hope this helps.
  Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
What was your first vehicle...... chris4x4 Off-Topic Discussion 181 08-03-2013 10:22 AM
Diminished value / Accelerated depreciation terrman 2nd Gen. Tacomas 8 11-28-2011 10:46 PM
My First New Vehicle Bmans5 New Members 6 11-06-2011 08:03 AM
Looking for another vehicle 99PreRunner. 4Runners 7 11-06-2011 01:28 AM
Diminished Value for a 3-day brand new 09 Tacoma? dawn007 2nd Gen. Tacomas 20 07-02-2009 07:02 AM

Copyright © 2015 Tacoma Forum. Tacoma World is not owned by, or affiliated with Toyota Motor Corporation.