Dealership wrecked MY brand new car

#79
#79
GAVol said:
Yeah. I think it's a bit much to expect. Insurance will cover damage plus diminished value. No idea what op is talking about regarding his title.
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No.

Sure on paper they will. But the end result he owns a wrecked vehicle. That's only a few months old.
 
#81
#81
GAVol said:
If the finished value is settled correctly, what difference does it make though?
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If the damage to the vehicle is borderline or even technically straight up totaled. The title will be listed as a "salvage" title.

Besides, the car is a few months old. I wouldn't settle for a repaired car that I took to them in brand new condition. The dealer needs to step up.

I've had my fair share of dealings with dealerships. I hold them to the fire, even if it means going to corporate. (Which I did with Ford)
 
#82
#82
Obsessed said:
If the damage to the vehicle is borderline or even technically straight up totaled. The title will be listed as a "salvage" title.

Besides, the car is a few months old. I wouldn't settle for a repaired car that I took to them in brand new condition. The dealer needs to step up.

I've had my fair share of dealings with dealerships. I hold them to the fire, even if it means going to corporate. (Which I did with Ford)
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he said around $10,000 in damage on a new vehicle, so no way he's in salvage territory. Besides, it it was a total, he'd get full value and his GAP would cover any amount he's upside down and he could just pick out a new one.

I'm speaking purely from an insurance standpoint when I say he can be made whole that way. From a business standpoint, I agree. The dealership need to step up With some sort on concession. We're not talking a few scratches here.
 
#85
#85
Obsessed said:
And again no.
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Yes, they are correct. If he were to sue the dealership, the insurance company for the dealership will hire a defense attorney. The defense attorney will communicate with the insurance company on how much they are willing to pay out. Only communication with the dealership would be tell me what happened.
 
#87
#87
volwindy said:
Yes, they are correct. If he were to sue the dealership, the insurance company for the dealership will hire a defense attorney. The defense attorney will communicate with the insurance company on how much they are willing to pay out. Only communication with the dealership would be tell me what happened.
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See. Here you go again.

Dealers don't call the insurance company over 8200 bucks. Or even 10k. It's cheaper to settle in house. Any one who thinks differently has never owned a business. The premiums you would pay after the fact are ridiculous.

Pay and settle in house. He has the upper hand.

If a dealer has to use their insurance company over this, they are borderline bankrupt.
 
#88
#88
Obsessed said:
See. Here you go again.

Dealers don't call the insurance company over 8200 bucks. Or even 10k. It's cheaper to settle in house. Any one who thinks differently has never owned a business. The premiums you would pay after the fact are ridiculous.

Pay and settle in house. He has the upper hand.

If a dealer has to use their insurance company over this, they are borderline bankrupt.
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Why would any car dealer ever buy Garagekeepers Liability coverage if that was the case?
 
#91
#91
Again....this stuff about repairing the vehicle plus diminished value is not TN law.

All the garage by law is liable for is to fix the vehicle....that's it.

Replacement coverage where they flip a new vehicle out with a new one only is for vehicles just bought brand new and last for 2 years when the vehicle loan is higher than the blue book...and only comes into play in a salvage situation or the repairs cost more than the vehicle. It is technically called lease/loan coverage for a reason.

The dealership may decide to flip a vehicle out if they don't want the bad PR but again the law is the law.


Minute they took the keys their garage keepers kicked in.

They will fix the vehicle but unless they just want to be nice they are not on the hook for anything else.
 
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#92
#92
Obsessed said:
See. Here you go again.

Dealers don't call the insurance company over 8200 bucks. Or even 10k. It's cheaper to settle in house. Any one who thinks differently has never owned a business. The premiums you would pay after the fact are ridiculous.

Pay and settle in house. He has the upper hand.

If a dealer has to use their insurance company over this, they are borderline bankrupt.
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Wrong.

Got 3 active claims with dealers in Nashville right now for claims less than 3K each.

Dealers use insurance all the time for claims less than 10K.

Some of these dealers aren't make the bank most believe they are.
 
#93
#93
Obsessed said:
I don't know what that is...

I'm talking "Dealerships".

Chevy, Ford, Dodge, Toyota, Etc.
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No. You're talking manufacturers. But I still am not following you. Dealerships and repair shops file claims for this all the time. It makes no sense to pay premiums and then come out of pocket for the losses.
 
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#94
#94
I'm still trying to figure out why people think there is "diminished value". If there was cosmetic damage to the car and that cosmetic damage was fixed and it looks and functions brand new then there is no diminished value. If the worry is strictly falling on a Carfax report then nobody gives a crap about Carfax anyway because their reports are rarely ever accurate.
 
#95
#95
Ok Gavol....how do you know what garage keepers is?

I am kinda shocked?

Be honest.
 
#96
#96
premiums? I just saw your edit....

ok....what gives Moderator?

You had my attention but now you have my interest.
 
#98
#98
NEOCON said:
Ok Gavol....how do you know what garage keepers is?

I am kinda shocked?

Be honest.
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I've never dealt with that line directly, but I do have a license that says I could sell it if I wanted to. :)

I'm strictly a broker for coverages for financial institutions and their customers now.
 
#99
#99
Coug said:
I'm still trying to figure out why people think there is "diminished value". If there was cosmetic damage to the car and that cosmetic damage was fixed and it looks and functions brand new then there is no diminished value.
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this
 
#100
#100
GAVol said:
I've never dealt with that line directly, but I do have a license that says I could sell it if I wanted to. :)

I'm strictly a broker for coverages for financial institutions and their customers now.
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Cool.

I used to have my series 6 back when I was a captive decades ago and the company made me.

I am strictly a commercial broker now. We do handle personal lines but only as a companion piece to benefit our clients and I have dedicated reps who deal with that.

I wish there was still a pm option here...kinda curious if you are with trans america or who else you might work with.

I might honestly know you.
 
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