Hit and run diminished value?

[Harvey Singh]

Hey everyone,

I recently was hit and ran in my Ford raptor. Someone clipped the corner, it looks like the grille is dislodged from the bumper area, the bumper is pushed in, the fender is pushed into the door, the corner of the hood is pushed in and cracked and the headlight is cracked.

My biggest fear came to light. An expensive vehicle, and a crazy claim. I have no idea what this is going to cost, but it’ll probably be gnarly.

I was planning on trading in the truck soon and saving money on taxes towards the new vehicle to balance out negative equity.

do you think I’ll lose a lot of value?

 

[adventure]

I hate to bring bad news, but from what you described I'd expect 10k+. I had some of what you described minus the hood and fender and it added up to North of $7500 in a hurry. The headlight alone is $1600.

 

[Oldfart]

Sorry to hear that, that sucks big time. Didn't you just get your truck a few weeks ago?!

 

[Harvey Singh]

Sorry to hear that, that sucks big time. Didn't you just get your truck a few weeks ago?!

yep, it’s been a ride. Almost got stolen, I’ve been having a ton of fun with it. And today it got clipped overnight in the corner.

I’m done with this truck. I just don’t know how much value I’m losing. It’s a 2019

 

[GordoJay]

Bummer. Maybe the cops can find the dbag who hit you. Lots of cameras around these days ...

 

[Mariners Fan]

Man, you just can't catch a break! Sorry to hear about this, that's one of my greatest fears (knock on wood).

 

[Harvey Singh]

What do you guys think I’ll lose value wise. I’m losing my mind, I’m beyond sad.

I got my dream truck and it’s been a nightmare, I dreamed of owning this truck for many many years.... and now all this bs. There’s no way I’m keeping it, it’s getting traded in but I’m so concerned on dimished value.

I owe 86500$ Canadian

truck is worth approx 81000$ Canadian according to ford. Reason I owe more than purchase is because of taxes and I’ve only had it since October.

 

[Deleted member 17706]

We get caught up in doing mods on our Raptors: rims, tires, bumpers, springs, and so on. But having a dash cam ought to be the very first that is done before anything else.

sorry this happened to you. It is nearly impossible to be upside on a Raptor unless you finance the entire purchase. It’s hard to say how much value the accident is going to cause you to lose.

 

[CoronaRaptor]

With the resale value being high, I would try to sell it stateside and recoup a bunch of cash with the exchange rate.

 

[Harvey Singh]

With the resale value being high, I would try to sell it stateside and recoup a bunch of cash with the exchange rate.

Yeah dealers south only value it at 76000, a dealer offered me 79000 locally to advertise it at 83.

based on those numbers, I don’t know how bad the valuation will be.

I certainly hope it’s not any more than 5k , I’m trading in for a Gen 1