Search results

You are better off paying a $350 fee (St. Lucie Appraisal) to collect thousands than being batted around trying the DIY approach.

We looked at them but they use an algorithm that has a built-in ceiling so it only goes so high. It would be fine for DV on a minor accident but when something major occurs (airbags, structural) cars can lose up to half of their values. The algorithm I think capped it at 25%.

My appraiser was The St Lucie Appraisal Company through their service TESLA DIMINISHED VALUE Their DV appraisal was confirmed by the opinions of six dealers which was the key. Good luck.

You can make a third-party claim for inherent diminished value against the insurance company of the responsible party.

Here is what I can tell you from experience. If your car didn't suffer any structural damage or air bag deployment it will lose about 15% of it's pre-accident fair market value. tesla diminished value and loss of use claims has more information. By the way, even though your car only $7K-$8K in...

Some worthwhile information can be found here on Tesla Diminished Value claims.

Most accident/damage reports are generated from police reports. You should call Carfax to get an answer to this rather than depend on what you read here.

Thank you. A long drive for most of us. Perhaps they are planning to open other locations?

@BrokerDon Is there a listing of Tesla corporate body shops or is there just the one in Walnut, CA?

@Rareribeye Ask GEICO if they are recommending that you sell your car without disclosing the accident history. Of course they will say no which means that the incident not appearing on Carfax is irrelevant.

We were lucky that our Tesla repair shop gave us a card for an independent appraiser who knows Tesla diminished value claims inside and out. You can't beat free expert advice so give them a call.

If you call St. Lucie Appraisal they will be happy to provide a "guesstimate" of how much value your car has lost as a result of its now having an accident history. $4,000-$5,000 sounds kinda low.

This may be too late in coming but St. Lucie Appraisal referred a friend to attorney Russell Kerr who is in Southern California. He is supposed to be the best in this field.

The idea is to provide the insurance company with a diminished value appraisal they can't refute. They don't want to go to court any more than you do but if they are confident that you haven't proven your case, why not simply deny your claim and let you sue their insured? One piece of advice, I...

A great lesson that we learned from our appraiser. There is NO requirement that you must have the car repaired before making a diminished value claim. Presenting a diminished value appraisal, loss of use report + the fact that there will probably be a supplement is pretty convincing evidence for...

You'll not receive any favorable treatment just for being a family member. You are simply another claimant to the insurance companies.

Would you care to provide an update?

I know of no such law limiting diminished value payouts to 10% in NC. Ask them at St. Lucie Appraisal.

Also, free advice via THE TESLA DIMINISHED VALUE PROJECT | TESLA MOTORS AND AUTOMOBILE DIMINISHED VALUE IN ALL 50 STATES which will probably say 15% back of trade-in value at the time of the accident. Sorry for your tribulations.

tesladiminishedvalue.com

Too bad Tesla Insurance doesn't pay for diminished value. Looks like your 3 will lose six or seven thousand dollars in value assuming no structural damage. Disabled/Towed accounts for some of that diminished value in addition to the repair costs.

You might want to spend a few more bucks on a second DV appraisal? If you are going to court, you can never have enough ammunition.

Yes, that is correct. You can file a third-party auto diminished value claim with the insurer of the responsible party but not with your own insurance company. Did you receive a fair settlement from American Family?

From California Diminished Value Appraiser | Service throughout California 772-359-4300 CACI 3903J – Damage to Personal Property (Economic Damage) The harm to plaintiff’s automobile. To recover damages for harm to personal property, plaintiff must prove the reduction in the automobile’s value...

My bad, I meant to write "mediators" which is similar to litigation in that there is an independent decider. My takeaway is that you feel the appraiser either spoke to dealers and/or referred to a quarterly aggregated subscription service. Can you find the names and phone numbers of any...

From what source did your appraiser obtain the sales information? I believe a quarterly aggregated subscription service, but I don't have the exact source in my notes. If you find your curiosity getting the best of you, look into this service that your appraiser subscribed to. The only...

From what source did your appraiser obtain the sales information?

I wonder, where did your appraiser obtain sales data or did they use online ads? If ads were used it is the same methodology is often used by insurance appraisers. Why do insurance appraisers use the online ad comparison method? Because they can poke around until they find the cars that best...

As you well know, there is no Tesla dealership manager that either knows anything about diminished value nor would they share it if they did. Tesla only speaks to customers, prospective customers and their network of approved shops. You say "comparable sales used to generate the report" which...

What methodology does Collision Consulting use? If the report says "proprietary algorithm" the insurance adjuster will likely disregard it. An appraiser needs to show how they came up with their figures. And if that appraisal company actually picks up the phone to call sales managers at new car...

This is wrong information! A car neither has to be sold nor repaired in order to qualify for diminished value.

St. Lucie was one of the first independents that was preparing diminished value and loss of use reports for Teslas from day 1. Probably hundreds of them in the database. Results count!

You wrote: If I had it to do over again, I would... A) contact my insurance demanding they total the vehicle and seek subrogation, so I am out of a car less than a week and eventually get my deductible back. If that failed... Your insurer will not do this under any circumstances. However, had...

The independent appraisal company we used went to bat for us and provided excellent guidance but it is the car owner's responsibility to move things forward once the insurance claim stalls.

Your car had an approximate trade-in value of $75,000 or more at the time of the crash. From your description there were structural repairs done meaning either a unibody pull or replacement of the rear body panel, quarter panel, floor, etc. Our experience both personally and hearing from others...

How much was the repair bill on YOUR car? That would help us to give an idea of your potential loss in value. How much DV you will get depends on A) The quality of your appraisal - we used St. Lucie - and persistence on your part. You must be pro-active, in their face, do it all in writing -...

Yours is a third-party inherent diminished value claim against the owner of the at-fault vehicle. Find an independent appraiser you are comfortable with and obtain a diminished value report. Then send it to the adverse insurance company. They will no-doubt find fault with your appraiser's...

I hate to bring this up but even if the accident doesn't appear on Carfax or Autocheck, a car owner still has an obligation to disclose prior repairs. We learned a lot from our independent appraiser while going through a diminished value ordeal. If the buyer has a subsequent not-at-fault...

A good appraisal and persistence (and sometimes litigation - make sure that you can recover your expenses such as legal, appraiser, expert witness, etc.) will typically get the job done. There is no question that a large diminished value claim is something worth fighting for. Between that and...

Not sure what Tesla will offer but air bag deployment can reduce your vehicle's value by up to half in the open market.

Regarding the diminished value and loss of use, you are looking at some big numbers. Replacing that quarter panel means this is a structurally repaired car according to Tesla Motors repair guidelines. Trade-in value will drop 40%-50%, renting a Tesla for 60+ days at $175/per. Definitely make...

This is from the Teslamotors.com forum: October 10, 2016 Here is the site for St. Lucie Appraisal Co which has some info on diminished value, a payment button and the email to which you can send the repair estimate and original window sticker. THE TESLA DIMINISHED VALUE PROJECT | TESLA MOTORS...

Have you called St. Lucie Appraisal? This is the best Tesla Motors diminished value and loss of use appraiser who gets results.

You'll be surprised at how much value your car has lost. A small scrape and broken tail lamp, less than $2500 to repair, St Lucie Appraisal came up with a diminished value of $8,500. Tesla buyers are picky and a bad Carfax could impact the car down the road, for example, if it gets hit again...

I'll chime in by saying that Rockster was right on with his recommendation of St. Lucie Appraisal for the diminished value. Don't know if he eventually hired them or not but we received exemplary service from them. We learned a lot during the process and even though our car was badly damaged...

My car was hit from behind a little over a year ago and held up very well (drove it home), but there was frame damage. I had to go through insurance to get the at-fault driver to pay and it went on carfax. The car has been repaired and is as good as new as a high end German shop did the work...