Not a slam dunk but if we are talking about the value of substitute then that should be a pretty fair method. And just got word today that some parts for mine is delayed till end of August cause backorder or whatever..
not surprised tho
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Loss of Use and Diminished Value claims with Model 3?
- Thread starter vww12x
- Start date
not surprised tho
I'm dealing with this now - was rear-ended and the other party has admitted fault. It is in the shop being repaired now and I have a Malibu rental.
The repair looks like it will be ~$2k but now that my carfax will show an accident on it's history my resale value will be quite a bit less than that. I used Vroom and Carvana trade-in values with and without an accident to get a diminished value amount of about $4-5k.
I'll probably be in this ICE rental for ~7 days. So would the approach for LOU essentially be the difference between Turo Model 3 rental costs + ICE fuel costs (that wouldn't have been incurred with an EV) and the rental cost of the Malibu to determine LOU?
Is a formal appraisal needed or could i go to insurance with numbers I've put together and then if I'm challenged go ahead and hire a DV expert?
The repair looks like it will be ~$2k but now that my carfax will show an accident on it's history my resale value will be quite a bit less than that. I used Vroom and Carvana trade-in values with and without an accident to get a diminished value amount of about $4-5k.
I'll probably be in this ICE rental for ~7 days. So would the approach for LOU essentially be the difference between Turo Model 3 rental costs + ICE fuel costs (that wouldn't have been incurred with an EV) and the rental cost of the Malibu to determine LOU?
Is a formal appraisal needed or could i go to insurance with numbers I've put together and then if I'm challenged go ahead and hire a DV expert?
