Submitted by roberttown on January 23, 2019
Tessy was struck at the rear door / rear panel juncture about a month ago. The at-fault insurance has finally accepted liability and $4k of repairs are being scheduled. They claim Diminished Value can be addressed.
If my wife gets her way and we move to a condo within 24 months I may have to sell Tessy. This makes diminished value a real issue. Here is how I am considering determining what might be a good value to use:
enter data into a Blue Book and/or similar online service and get basic quotes including a cash value
take car to CarMax and get quote (assuming they look at accident report)
compare the quotes to get an idea of the presumably lower CarMax quote
base the asking amount off the difference, perhaps padding as an initial value. I expect cost/difficulty of selling to be a factor.
Any other suggestions?