This one will be a new one for many - advice?
#1
New Members
Thread Starter
Join Date: Dec 2013
Location: Washington DC
Posts: 2
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: 550i Auto 2011
This one will be a new one for many - advice?
I own a 2011 550i. Took it in for service today under warranty to the dealership for 'chassis stabilization malfunction.' Got a call a few hours later.
While the tech was driving the vehicle to assess the problem - he was sideswiped by another vehicle. Noone injured and other driver's fault (according to dealer). They are very sorry, but the vehicle won't be repaired for up to two months (new door and quarter panel, at least). They will of course provide a loaner in the interim.
My question: this car will now drop in value significantly due to the accident., so how do I go about engaging in negotiations to get depreciation on the vehicle? I figure it is worth 40 or so conservatively, but after this accident????
Any advice much appreciated.
While the tech was driving the vehicle to assess the problem - he was sideswiped by another vehicle. Noone injured and other driver's fault (according to dealer). They are very sorry, but the vehicle won't be repaired for up to two months (new door and quarter panel, at least). They will of course provide a loaner in the interim.
My question: this car will now drop in value significantly due to the accident., so how do I go about engaging in negotiations to get depreciation on the vehicle? I figure it is worth 40 or so conservatively, but after this accident????
Any advice much appreciated.
#4
Contributors
Join Date: Dec 2007
Location: The State of Southern NJ!
Posts: 5,972
Likes: 0
Received 0 Likes
on
0 Posts
Accidents happen ... but 2 months sounds like there was significant damage. I'd press for a cash settlement (high retail book as a minimum) so you can replace your car with one that hasn't been negligently* damaged. * Accident fault is an insurance factor. The SA may not have been at fault but the "were it but for" rule applies. Were it but for the employee driving a customer's car the accident would not have happened. This one should be easy to the dealer's lawyers to see their way clear to replace your car w/o causing you further harm.
#5
Members
Join Date: Oct 2010
Location: Planet Earth
Posts: 202
Likes: 0
Received 0 Likes
on
0 Posts
My Ride: White/Tan, Nav, comfort seats, sport steering wheels, sport suspension, active steering, rear window shades, rear shade, heated seats
Model Year: '07-530i
Sorry to hear about the misfortune.
I would definitely try to trade the car for a similar car that you can have the dealer sales dept look for you.
You can also try to up grade the car but in any event, make sure you get at least 15% in deprecation value of your car.
I would definitely try to trade the car for a similar car that you can have the dealer sales dept look for you.
You can also try to up grade the car but in any event, make sure you get at least 15% in deprecation value of your car.
#6
Members
Senior Members
Join Date: May 2012
Location: Tampa Bay, FL
Posts: 2,539
Likes: 0
Received 10 Likes
on
6 Posts
My Ride: 530i
Model Year: 2004
Engine: M54
All property damage should be covered by the dealer's 'garage keepers' insurance, or under the other driver's 'property damage liability' coverage, assuming that they are insured. Either way, you should be covered.
check the local statutes in your state (or in DC), as you may be able to pursue a 'diminution in value' claim.
you're going to have to go through the normal insurance claim route for this one.
the chance of the dealer replacing your car, or writing you a check for the full value of the car is about as high as me winning the powerball this weekend.
check the local statutes in your state (or in DC), as you may be able to pursue a 'diminution in value' claim.
you're going to have to go through the normal insurance claim route for this one.
the chance of the dealer replacing your car, or writing you a check for the full value of the car is about as high as me winning the powerball this weekend.
Thread
Thread Starter
Forum
Replies
Last Post