ThomasL Posted February 8, 2013 Report Share Posted February 8, 2013 So my 2012 Shelby is sitting in my local shop's storage area amongst some other cars and apparently a nearby forklift "Slipped into gear" and backed into my car. Damage to passenger side is: 1 foot scratch on door, damaged/scratched A pillar, smashed fender, broken mirror, scratches on hood. Now comes the fun in dealing with insurance and what not. Anyways just here to vent a bit. Any similar stories or tips in this situation?? Link to comment Share on other sites More sharing options...
ThomasL Posted February 8, 2013 Author Report Share Posted February 8, 2013 Oh! And my concern: Will all this damage/any repairs need affect it's resale value down the road? Worried about that. Link to comment Share on other sites More sharing options...
Helge Ruchelski Posted February 8, 2013 Report Share Posted February 8, 2013 Pictures?? Link to comment Share on other sites More sharing options...
twobjshelbys Posted February 8, 2013 Report Share Posted February 8, 2013 It will put an accident on carfax etc. try to negotiate diminished value. And do get your own. Sura ce company involved. Unless of course they offer to buy you a brand new car I stead of you suing them for diminished value Good luck Link to comment Share on other sites More sharing options...
Ecrissman Posted February 8, 2013 Report Share Posted February 8, 2013 Oh! And my concern: Will all this damage/any repairs need affect it's resale value down the road? Worried about that. For sure.. man that sucks! Link to comment Share on other sites More sharing options...
rocky Posted February 8, 2013 Report Share Posted February 8, 2013 Yep, it will hurt your trade in because it will come up in a car fax check that the car was damaged. Link to comment Share on other sites More sharing options...
IngotSilverSnake Posted February 8, 2013 Report Share Posted February 8, 2013 Inexcusable in my view. Your local shop needs to step up to the plate and pay for not only the repairs but the diminished value of the car over its lifetime. Get a new shop. Link to comment Share on other sites More sharing options...
Rev Dennis Posted February 9, 2013 Report Share Posted February 9, 2013 Sorry to hear. That's too bad. Link to comment Share on other sites More sharing options...
SteelTownStang Posted February 9, 2013 Report Share Posted February 9, 2013 Sad story. Hope that you get it fixed soon. Link to comment Share on other sites More sharing options...
MY500SS Posted February 9, 2013 Report Share Posted February 9, 2013 Oh man I'm real sorry to hear that.................unfortunately the damage is part of the car history now. Good luck. Link to comment Share on other sites More sharing options...
CMA212 Posted February 9, 2013 Report Share Posted February 9, 2013 Oh man...that sucks. I think the shop should cover the costs to repair. Link to comment Share on other sites More sharing options...
William Rodgers Posted February 9, 2013 Report Share Posted February 9, 2013 Sorry to hear that, they should cover the professional repairs and lost value, but likely they will only want to fix it. That really sucks, find out what leverage you have legally, but I would try to work things out with them first to see if they are willing to do the right thing. Link to comment Share on other sites More sharing options...
Ecrissman Posted February 9, 2013 Report Share Posted February 9, 2013 You know I've been thinking about your situation. Sounds like you really wanted to preserve your Shelby, and are worried about its resale value now. Sadly it's wrecked, and there is nothing anyone can do about that. On, the bright side now under the circumstances if you were ever hesitant to mod your car, didn't drive it when you wanted to.. e.c.t. I would really use the car. The value isn't going to go down because of mileage, mods wont matter.. use the car more than you ever had before. You damaged vehicle already took the resale hit so there is no reason to hold back. Its always going to be worth something to someone you might as well be the guy that got his moneys worth. Link to comment Share on other sites More sharing options...
usgpru27 Posted February 9, 2013 Report Share Posted February 9, 2013 I would at least take pictures of the car for the next sale. When you see a car fax you have no idea what happened to it. It could be a head on that took it within a thousand dollars of being totalled but they fixed it. You will be able to show the buyer the extent of the damage. Link to comment Share on other sites More sharing options...
AndyGJ Posted February 9, 2013 Report Share Posted February 9, 2013 I would at least take pictures of the car for the next sale. When you see a car fax you have no idea what happened to it. It could be a head on that took it within a thousand dollars of being totalled but they fixed it. You will be able to show the buyer the extent of the damage. Agreed...Damage is minor. As long as it is repaired correctly, then it should not be a problem or concern for any future buyer. Remember, these are cars not canvas paintings. My 1966 Mustang Conv was bought with some knowledge of prior damage, so when I fully restored it, I actually found out that the damage was more minor than originally thought. Either way, I still thought I had gotten a great deal on it when I purchased it in 1987. When I sold it in 2008 to buy my SGT, the new owner was not even remotely concerned with any prior damage issues...the prior damage occurred in 1969!! The car was purchased for $5,200 in March 1987 and then later sold for $25,000 in March 2008 with 167,000+ miles on the clock. So, drive this one, enjoy it, own it for 30 to 40 years, then sell it and you should do fine on resale. Anything shorter on time period of ownership and you will take a loss on the car from a value standpoint...damage or no damage. Make sure you do get a fair value for the diminished value at least. Your local insurance agent can help you with the formula used to calculate the amount if they have a diminished value law in your state like we do here in GA. If not, then PM me and I'll see if I can get you the info that we use here in GA from one of the claims adjusters that I know. Good Luck Andy. Link to comment Share on other sites More sharing options...
ThomasL Posted February 9, 2013 Author Report Share Posted February 9, 2013 Thanks for the insight all. Still really bummed about it. I know the guys at the shop really well, so there are no hard feelings. It was an accident. If what insurance covers doesn't satisfy me, I'm gonna let the guys know and work something out man to man hopefully. And if anything, I will mod more and not baby it as much i guess. Since there is damage to the A pillar and thus the structural integrity of the car perhaps, any chance it is totaled? Or does it just depend on how bad? Link to comment Share on other sites More sharing options...
usgpru27 Posted February 9, 2013 Report Share Posted February 9, 2013 I backed into a light poll with my Lotus Evora with only 500 miles on it. Bumper cover. Cost me 5K out of pocket. Some things just happen. It will be fixed and back on the road in no time. Link to comment Share on other sites More sharing options...
ThomasL Posted February 10, 2013 Author Report Share Posted February 10, 2013 Amid my depression over my banged up 2012, I've become attached to a Black/Black stripes 2013 GT500. So this doesn't complicate my situation at all Link to comment Share on other sites More sharing options...
2010KonaBlueGT Posted February 10, 2013 Report Share Posted February 10, 2013 Oh! And my concern: Will all this damage/any repairs need affect it's resale value down the road? Worried about that. As others have said, it is called Diminished Value and yes, it IS recoverable. Get a GOOD appraisal on the car and they should be able to give you a before/after value. The difference is the diminished value. And it CAN add up to a LOT. FWIW, there are 'specialists' that can help you recover the max amount of loss on your car, including diminished value. Not sure about the cost, but I know they're out there. Possibly talk to your Ins. agent and see what they say. It SHOULD go against the other parties insurance, NOT YOURS (or will cost you in the long-run with increased premiums). Phill Link to comment Share on other sites More sharing options...
Ecrissman Posted February 10, 2013 Report Share Posted February 10, 2013 Amid my depression over my banged up 2012, I've become attached to a Black/Black stripes 2013 GT500. So this doesn't complicate my situation at all Actually that makes it real simple. Have it repaired at the same dealership and trade it in. Then you can start all over again. Link to comment Share on other sites More sharing options...
ThomasL Posted February 11, 2013 Author Report Share Posted February 11, 2013 Should I get all repairs done through Ford i assume? Not a local place Link to comment Share on other sites More sharing options...
Boidster Posted February 13, 2013 Report Share Posted February 13, 2013 I don't think I've ever been in a murderous rage...what's it like? I've always been partial to dealer repairs (assuming you can find a good dealer to work with) with all OEM parts. At least for newer cars. Here's hoping that their insurance pays 100% of the repairs, plus diminished value, and that the trade-in + DV = cost of the new 2013! Link to comment Share on other sites More sharing options...
ThomasL Posted February 15, 2013 Author Report Share Posted February 15, 2013 No plans for a '13......yet. Decided to get my '12 fixed up and keep it. The shop is gonna do right by me and get it all squared away. So I feel good about the situation. I'll get her fixed up and hopefully do some mods soon. Pulley and tune are 1st on the list. Link to comment Share on other sites More sharing options...
kawwy600 Posted February 18, 2013 Report Share Posted February 18, 2013 If you truly have a good relation with the shop see if they will pay out of pocket for the damage without getting either insurance involved. Yes, it will cost them more but at least there will not be a damage report on the cars record. Sadly sh!t happens that's out of our control but we must accept that. Good luck with your situation Link to comment Share on other sites More sharing options...
Don JDWHSKY Theall 25695 Posted February 19, 2013 Report Share Posted February 19, 2013 Good luck and find a body shop that deals with high end cars. BAD NEWS - I guy driving a Toyota Tundra back out of the donut shop several years ago and took out the right fender and door - I still get nighmares. GOOD NEWS - The body shop removed the tape stripes and painted new stripes plus clear coat. As for diminished value, I'm driving my Shelby for the smiles not for the value. Don Link to comment Share on other sites More sharing options...
JT93 Posted February 19, 2013 Report Share Posted February 19, 2013 Good luck and find a body shop that deals with high end cars. BAD NEWS - I guy driving a Toyota Tundra back out of the donut shop several years ago and took out the right fender and door - I still get nighmares. GOOD NEWS - The body shop removed the tape stripes and painted new stripes plus clear coat. As for diminished value, I'm driving my Shelby for the smiles not for the value. Don +1000 on that. I don't care what the value of my car is in 10-20 years. The miles in it and the smiles (and the time spent wrenching) are worth more than money. Link to comment Share on other sites More sharing options...
ThomasL Posted February 19, 2013 Author Report Share Posted February 19, 2013 +1000 on that. I don't care what the value of my car is in 10-20 years. The miles in it and the smiles (and the time spent wrenching) are worth more than money. I'm starting to cool off about it and realize this. I just wanna enjoy the car. As long as we get it looking like new again I couldn't care less. Luckily it happened in the dead of winter and not spring or summer too! Link to comment Share on other sites More sharing options...
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