pierceography
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When it isn't your fault, it is not difficult. Even if your dealer will not give you the " we'd give you X for clean, but with a new motor, we can only give you x-y" in writing.
If you take the dealer's written offer, then get a "black book" trade-in price (the blue book is not the gold standard for dealers, the black book is).
Then I would print out 3-5 raptors that are for sale with comparable mileage and options from AutoTrader, or someplace else.
Industry standard target for profit on trade-in vehicles is approx $1800. So in all honesty, if black book trade-in +$1800 is the same price as the average listing price for comparable raptors in your state, you will have a difficult time being compensated.
If you have mechanical coverage on your car insurance, this entire process becomes WAY easier, BUT, being that this was no fault of your own, even without mechanical coverage, you still have a chance at negotiating with ford/the dealer to seek compensation.
I've done this successfully in Tennessee, Louisiana, and Pennsylvania over the past 20 years. (about once every 7 years I seem to have the unfortunate luck of being hit by another driver in an almost brand new vehicle. the last time it happened, I hadn't even made a payment on the truck yet and was rear-ended by a drunk.)
This is good information, and thank you for sharing. Though I do not believe this applies in Michigan, which is why I was curious if anyone else had success in a diminished claim payout.
Unfortunately (for me), Michigan has the highest insurance premiums and the (subjective statement incoming) worst insurance laws/policies in the country. Our no-fault status varies from other states in that there is no limit on PIP payouts. This leads to a catastrophic fund that is exponentially larger and entirely dependent on the insured to support.
In addition, MI law prevents insurance companies from negotiating services with health care providers. This means that they must err on the high end when anticipating health coverage of a catastrophic event. The catastrophic fund alone requires each insured vehicle contribute almost $200 annually to the fund. Michigan is the only state to that required this.
How does this apply to diminished value? Well, it doesn't directly. But the MI insurance process is exhaustive. Claims for anything outside of a simple accident are generally difficult, and often require legal intervention. Case in point: A minor accident my wife and I were in last year took months to resolve, as the at-fault insurer denied our mini-tort due to a typo on the police report by the responding officer, which he later corrected but the insurance company claimed officer notes are not considered report evidence. And, of course, for all this we were rewarded with an insurance premium that rose by an amount that eclipsed the repair total for the accident.
F yeah insurance!