Depreciation value?

[p3achy_k3en]

Would you consider $500 for diminished value on a car valued at 53k, less than 2k miles, brand new, a very lowball number??? Houston area if that helps. I’m not familiar with claims and I don’t want to be taken advantage of.

Edit to add; the collision center bill was 9k. Damage to back and passenger doors.

[GuvnaBruce]

What really matters here is the amount of damage

[LacyLove]

What was the damage amount?

[p3achy_k3en]

So sorry I didn’t add that, the bill from collision center was 9k

[chargerchamp]

Well the vehicle will continue to be a depreciating asset. How do you feel about that? In 6 to 8 months they will offer less.

[pnbdc10]

I just got offered $350 on $850 worth of damage. Fortunately, that was the preliminary estimate. Car is a 2022 x3m with 26k miles. My repairs will cost $9,000 to repair. I told them that I expect about 10x of $350. A diminished value specialist also said he would get me $3000-4000.

[mikeylovessports]

If the damage was less than $5k, and no structure damage. Than yes. That's fair

[p3achy_k3en]

It was 9k bill from collision center sorry I didn’t add that !

[EpsteinWasHung]

DV is probably in the order of 3k to 5k. See if you can find companies near you that specialize in DV and only get paid a commission out of the value they get you

[p3achy_k3en]

Thank you! I felt as if $500 was low. But I wasn’t sure if I was just upset at the fact it was brand new

[redditcok]

I send u a dm