Car Fax vs Trade In Value

[aps45819 (Premo)]

Originally Posted by Patch Tuesday

I seriously believe you are right about platinum colored vehicles. I got rear-ended twice in a platinum color car...

The second one, I didn't even bother fixing it before trading it in. I drove it straight to a dealer and opened my checkbook, before I got killed...

You should have leased it insted of buying

Originally Posted by aps45819

You should have leased it insted of buying

You get killed on a car lease in Southern Maryland by the amount of miles you put on a car here...

Originally Posted by Kittykat33

I work at a car dealership and it might be hard to get a good trade in. It doesn't matter if it was your fault or not.
They just see the damage to the vehicle.

I think they see an excuse to deduct trade in value so they make money on resale.

[SoMDGirl42 (Premo)]

Originally Posted by Patch Tuesday

You get killed on a car lease in Southern Maryland by the amount of miles you put on a car here...

Is this similar to renting vs buying a house?

[dave1959]

Originally Posted by Rienell

That is good info. Since it wasn't my fault, I am surprised USAA didn't mention that. I need to give them a call. Thanks.

Insurance companys will pay diminished value if you press them. Also get this straight.......

Insurance companys are ONLY looking out for their best interest not yours !!!

I was involved in an accident that was the other persons fault and they got cited, my insurance co paid 1/2 the claim to avoid going to court because it would cost more in legal fee's. Then they turned around and charged me with an accident and removed my accident free discount because they had to pay out. I'm not with them anymore.

[itsbob (Premo)]

Originally Posted by Patch Tuesday

A couple of issues. You should Google "diminished value claim" and get smart on that issue to see if you can force the insurance company to give you difference between what the car was worth before and after the wreck. Each state has different laws and the insurance companies hate those two words...

Next, if there's no frame damage, then your car can still be sold as a "certified used car," so that should minimize your trade-in hit. Make a point of telling them that...

"Carmax," in Laurel, I believe is the word you meant to use. You should go there and get a free appraisal for your trade before shopping it to anyone else...

Damn shame she bought the car and didn't just rent it..

Originally Posted by itsbob

Damn shame she bought the car and didn't just rent it..

Whew, I'm just relieved that she didn't buy it at the height of the car bubble, thinking it would only go up in value...

[aps45819 (Premo)]

Originally Posted by Patch Tuesday

You get killed on a car lease in Southern Maryland by the amount of miles you put on a car here...

I put about 3,000 miles on my car last year

[itsbob (Premo)]

Originally Posted by Patch Tuesday

Whew, I'm just relieved that she didn't buy it at the height of the car bubble, thinking it would only go up in value...

Well, since cars NEVER go up in value, using your logic, you should NEVER buy a car.. EVER!

[itsbob (Premo)]

Originally Posted by aps45819

I put about 3,000 miles on my car last year

You've got me beat by a thousand or two..