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Diminished Value in NY

Apr 11, 2012
375
283
Potsdam, New York
Car got hit in a parking lot today, someone tried to cut the corner too close. From the outside it looks like the damage is limited to the bumper, rear quarter panel, and slightly to the tail light, not sure is there's any damage beneath the outer skin. The person stuck around and admitted fault, working with their insurance. I'm planning to file for diminished value, I know it can be a real pain but the idea that it'll help me pay off the car in some small way helps cancel out some of the disappointment.

Just wondering if any other New Yorkers have been through this and if you have any advice. I'm also curious to hear what people think is a fail diminished value for this type of damage. I know its minor as far as accidents go, but the fact that there's any accident at all on the vehicle history report hurts value.

Parking Lot Hit.jpg
 

mmccord

Active Member
Dec 9, 2014
1,010
511
Pine Bush, NY
Car got hit in a parking lot today, someone tried to cut the corner too close. From the outside it looks like the damage is limited to the bumper, rear quarter panel, and slightly to the tail light, not sure is there's any damage beneath the outer skin. The person stuck around and admitted fault, working with their insurance. I'm planning to file for diminished value, I know it can be a real pain but the idea that it'll help me pay off the car in some small way helps cancel out some of the disappointment.

Just wondering if any other New Yorkers have been through this and if you have any advice. I'm also curious to hear what people think is a fail diminished value for this type of damage. I know its minor as far as accidents go, but the fact that there's any accident at all on the vehicle history report hurts value.

View attachment 554182

How old/how many miles? Mine took less QP damage on a similar hit. Car was 4 months old. Got 10k DV for it.
 

MP3Mike

Well-Known Member
Feb 1, 2016
16,538
38,835
Oregon
I'll be interested to hear what the repair cost is, but my guess is $14k. (rear quarter panel damage on a Tesla is really expensive to repair.)
 
Apr 11, 2012
375
283
Potsdam, New York
I'll be interested to hear what the repair cost is, but my guess is $14k. (rear quarter panel damage on a Tesla is really expensive to repair.)
I'll post when I find out. I already had a service appointment for a suspension squeak next Monday, so I'm hoping I can just leave the car there and either get a loaner from Tesla or through the insurance company.
 
Apr 11, 2012
375
283
Potsdam, New York
I'll be interested to hear what the repair cost is, but my guess is $14k. (rear quarter panel damage on a Tesla is really expensive to repair.)

I got the quote, $7,100 and change from the Tesla approved body shop. The quote isn't super easy to decipher, but I believe the damage ended up being minor enough that they're going to repair the existing quarter panel instead of having to replace it, which I'm sure is saving a ton of cost. I'm not a body work expert by any means, but its bent in slightly on the bottom right but there doesn't appear to be aren't any wrinkles or creases.
 
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1windy

Member
Jul 27, 2014
388
158
suffolk
Just came across this thread. Diminished value is not available to NY ers. Had a '19 Audi Q8 with 400 miles on it. Idiot made an illegal U turn just after I passed him, never saw him just felt the hit. $15K in damages and no ability to sue for DV. Police report filed caused the carfax hit. Some body shops also report it to Carfax and make a commission on it. I contacted an ATTY who specializes in this and he broke the bad news.
 

mmccord

Active Member
Dec 9, 2014
1,010
511
Pine Bush, NY
Just came across this thread. Diminished value is not available to NY ers. Had a '19 Audi Q8 with 400 miles on it. Idiot made an illegal U turn just after I passed him, never saw him just felt the hit. $15K in damages and no ability to sue for DV. Police report filed caused the carfax hit. Some body shops also report it to Carfax and make a commission on it. I contacted an ATTY who specializes in this and he broke the bad news.

Don't know the details of your case, but DV is available in every state. NY is no exception.
 

1windy

Member
Jul 27, 2014
388
158
suffolk
Like I said an attorney who specializes in the practice told point blank not available to me. The only reason he called me back was I left message and didn't offer details. Said if the accident was in NJ I definitely had a case.
 

mmccord

Active Member
Dec 9, 2014
1,010
511
Pine Bush, NY
Their insurance covers their liability. If you are filing with your own insurance (like a hit & run, or hit by an uninsured person), then DV is not generally possible (I think only one state allows this). But generally, you should have no problem collecting DV in NY. I got 10k for the dude who hit my rear QP in NY. Both NY drivers and the incident happened in NY.

That guy on reddit doesn't know who hit him, so he's SOL.
 
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Nick H

New Member
Nov 22, 2019
2
0
Buffalo,NY
Their insurance covers their liability. If you are filing with your own insurance (like a hit & run, or hit by an uninsured person), then DV is not generally possible (I think only one state allows this). But generally, you should have no problem collecting DV in NY. I got 10k for the dude who hit my rear QP in NY. Both NY drivers and the incident happened in NY.

That guy on reddit doesn't know who hit him, so he's SOL.
Sorry for the late post on this thread Mike, been looking everywhere for someone with experience with DV in NY. I've been calling lawyers for 6 months now, to no avail. How did you go about getting the settlement? State Farm flat out turned down any amount....zero. They never even negotiated, they just closed the claim. I paid for a DV report (St Lucie) and it is about $20k in DV. I'm near Buffalo if that matters. Thanks!
 

mmccord

Active Member
Dec 9, 2014
1,010
511
Pine Bush, NY
Sorry for the late post on this thread Mike, been looking everywhere for someone with experience with DV in NY. I've been calling lawyers for 6 months now, to no avail. How did you go about getting the settlement? State Farm flat out turned down any amount....zero. They never even negotiated, they just closed the claim. I paid for a DV report (St Lucie) and it is about $20k in DV. I'm near Buffalo if that matters. Thanks!
They straight-up denied my first attempt too. Then offered something stupid like $100. My DV guy was great and essentially wrote each letter for me to send to them. Your DV appraiser hasn't been involved with the negotiations?

Insurance companies don't get to decide what their client is liable for, courts do. Just threaten to sue (or just file a suit against) their client.
 
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Nick H

New Member
Nov 22, 2019
2
0
Buffalo,NY
They straight-up denied my first attempt too. Then offered something stupid like $100. My DV guy was great and essentially wrote each letter for me to send to them. Your DV appraiser hasn't been involved with the negotiations?

Insurance companies don't get to decide what their client is liable for, courts do. Just threaten to sue (or just file a suit against) their client.
No, all they did was suggest I get an attorney and they have had zero contact with the insurance company. The site I used was autodiminishedvalue.com, which is St. Lucie Appraisal company (They looked reputable, but now I'm wondering!). I've emailed them twice over the last few weeks, but no answer. Basically, if I can't get the lost $20k+ back from the insurance company, the last thing I want is to waste $350 on their report! Did you get a lawyer to negotiate, or did they take the threat of suing as a time to start negotiating. I even spoke with the supervisor originally from State Farm, and they said there was case law that they were using, and they didn't feel DV was a real thing here in NY. Load of crap of course! Suggestions?
 

mmccord

Active Member
Dec 9, 2014
1,010
511
Pine Bush, NY
No, all they did was suggest I get an attorney and they have had zero contact with the insurance company. The site I used was autodiminishedvalue.com, which is St. Lucie Appraisal company (They looked reputable, but now I'm wondering!). I've emailed them twice over the last few weeks, but no answer. Basically, if I can't get the lost $20k+ back from the insurance company, the last thing I want is to waste $350 on their report! Did you get a lawyer to negotiate, or did they take the threat of suing as a time to start negotiating. I even spoke with the supervisor originally from State Farm, and they said there was case law that they were using, and they didn't feel DV was a real thing here in NY. Load of crap of course! Suggestions?


I used Petty Details - Diminished Value Experts and honestly, given what your claim should be worth, it might be worthwhile to pay another $350. Getting a lawyer is an option too, but likely much more costly.

Justin and Jen Petty were very responsive and helpful throughout the whole process.
 

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