Compensation for reduced value of car after crash

BlazingSaddler

Hi all, my 6 month old car (value €42,000) was hit by a truck whilst parked recently causing €9,000 of damage. The trucks insurance has admitted full liability and will pay for the repairs. My worry is the depreciation, I obviously will not accept the car back unless in A1 condition but when I come to sell it in 2 or 3 years time what roughly is the impact on the sell on likely to be? (if any). I guess when you do a part exchange the garage will ask you if it's been in a accident. The repairs are expensive however they are mostly superficial and nothing mechanical. I have read that between 10 & 20% of the pre tax repair cost is what you should realistically expect as a maximum (if any). Any thought would be appreciated please?

zenith

You can employ a loss assessor on your behalf to negotiate with the other side; it's probably worth it for peace of mind.

seagull

For a car of that age, they'll probably give you 10% of the cost of the repair, which in reality is nowhere near the true impact on the price.

Eggs For Dinner

6 month old car you should be looking at 20% of the repair cost.

BArra

100% ensure you do this, when you go to sell it on and somebody spots repair, it will re-flag immediately potentially losing you the sale