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Wrecked Model S and Diminished Value

Wrecked Model S and Diminished Value

I own a 2014 model S. Last week I was hit in the front while traveling 30mph by a lady in SUV who made an illegal left turn. I haven't seen any discussion recently about diminished value and how to determine it, and how to collect that from the at fault driver's insurance or driver. Any advice will be much appreciated. Very upsetting as you can imagine. Thank you.

[url=https://flic.kr/p/MecsFh][img]https://c7.staticflickr.com/9/8130/2968540... by [url=https://www.flickr.com/photos/131051125@N04/]joseph sharpe[/url], on Flickr

lolachampcar | 19 septembre 2016

Get your car fixed then, once you are completely happy with the repair, ask the insurance company to do a diminished value appraisal. If you like their number, accept it. If not, get your own appraisal. I used St. Lucie Appraisals. Frank was easy to work with.
http://www.stlucieappraisal.net

lolachampcar | 19 septembre 2016

FYI $9K DV on a $12K right front fender replace. The car was a year old with 15K miles or so on the odo. All parts were unbolt remove and replace with zero structural issues.

TeslaTN | 19 septembre 2016

Thank you, I'm still working on getting my pic up. I appreciate your response. I will contact Frank.

TeslaTN | 19 septembre 2016

The rough estimate for repair is $35000. Car is 2014 Model S 85 with sunroof, air suspension and autopilot. 25k miles.

mm7nyy | 19 septembre 2016

OMG, this is crazy!!

lolachampcar | 19 septembre 2016

By the time you add in DV, you are likely much better off replacing it with an inventory or secondary market car.....
It was actually cheaper to replace my wife's first MS with both right side doors damaged along with a grapefuit sided dent in the RR quarter panel. Repair would have been north of $29K and a DV claim for a RR quarter was settled by the same insurance company (on a different car of course) for $22K. Search TMC for accidents and you will find my wife's and the other car I mentioned.