My Car Was Hit, What is the Devaluation? - Camaro5 Chevy Camaro Forum / Camaro ZL1, SS and V6 Forums

Austin45 · 11-10-2015, 12:45 AM

Long story short, I had a lady hit me the other day because she didn't yield to a yield sign. My question is what would be a fair devaluation claim? Clearly this is a huge fix and the car will be devalued because of it, but my question is how much?

nyrfan · 11-11-2015, 10:10 AM

you have to look at your State laws, but given the age of the car (nearly 4 years) I would not expect anything.

pickwithaustin · 11-11-2015, 10:20 AM

A good rule of thumb on value is, "A car is worth whatever you can sell it for."

arkentect · 11-11-2015, 10:30 AM

as long as thee is no frame damage and the fix is done the right way I wouldnt think it would effect it bc of the age of the car.

scandata · 11-11-2015, 11:02 AM

I didn't know you could file a claim for devaluation. How realistic is the payout to actual devaluation?

11-10-2015, 12:45 AM	#1
Austin45 The Logistician Drives: 2012 LFX 45th Anniversary Join Date: Aug 2012 Location: Jonesboro, AR Posts: 864 View My Garage	My Car Was Hit, What is the Devaluation? Long story short, I had a lady hit me the other day because she didn't yield to a yield sign. My question is what would be a fair devaluation claim? Clearly this is a huge fix and the car will be devalued because of it, but my question is how much? __________________

11-11-2015, 10:10 AM	#2
nyrfan Let's go Rangers! Drives: 13' AGM 2SS/RS L99 Join Date: Jun 2011 Location: Orlando, FL Posts: 10,742 View My Garage	you have to look at your State laws, but given the age of the car (nearly 4 years) I would not expect anything. __________________ Soprano 4/1/00-6/14/11, Gone but NEVER forgotten! FSP tuned: 377/389

11-11-2015, 10:20 AM	#3
pickwithaustin Drives: 2011 Camaro 2SS/RS Convertible and: Join Date: May 2014 Location: Central Texas Posts: 1,863	A good rule of thumb on value is, "A car is worth whatever you can sell it for." __________________ --------------------------- Currently in my Garage: 2011 Camaro 2SS/RS Convertible \| 1980 Corvette Stingray \| 1981 Firebird \| 1968 El Camino \| 2007 Crown Vic Police Interceptor \| 2001 Silverado \| 2001 Blazer \| 1965 Chevy C-10 \| 2007 Harley Softail Custom \| 2013 MX-5 in Copper Red Mica \| 2000 Corvette Convertible \| 2010 Corvette Grand Sport \| 2006 Audi A3 Turbo \| 2008 BMW 328i

11-11-2015, 10:30 AM	#4
arkentect Drives: 2010 Camaro SGM 1LT M6 Join Date: Jan 2015 Location: Rochester, NY Posts: 1,630	as long as thee is no frame damage and the fix is done the right way I wouldnt think it would effect it bc of the age of the car. __________________ Arkentect's Build Thread!! - UPSTATE C5 MEMBER 2010 SGM M6 1LT - SOLD Current - 2009 C6 Corvette Z51

11-11-2015, 11:02 AM	#5
scandata Drives: 2015 2SS/RS vert, Spring Green Edtn Join Date: Jun 2014 Location: Sarasota, FL Posts: 1,284	I didn't know you could file a claim for devaluation. How realistic is the payout to actual devaluation? __________________ 2015 2SS/RS vert, Spring Edition Green Flash (2015 - present) 2014 1LT vert, Blue Ray Metallic (2014 - 2015)