Had an accident

[turboAWD]

I drive a slightly longer way to/from work to avoid the traffic and all that nonsense on our busiest highway. The longer way is partly highway, but at least it's not very busy.

Trust me - if that was in ANY way an option, I would have started doing that LONG ago. Bay area just wasn't designed for this much traffic.. Railway crossings are far and few between, and there is a LOT of rail here. Which makes for a lot of crescents and neighborhoods with only 1 way in, 1 way out. And very few alternate ways of getting around the Bay.

 

[Revvdmedia]

Trust me - if that was in ANY way an option, I would have started doing that LONG ago. Bay area just wasn't designed for this much traffic.. Railway crossings are far and few between, and there is a LOT of rail here. Which makes for a lot of crescents and neighborhoods with only 1 way in, 1 way out. And very few alternate ways of getting around the Bay.

I know the feeling, I'm in the south central part of the city and need to go south to get home. I've tried every southbound route, both arterial and side roads, all are terrible. I'm not exaggerating in the slightest. The infrastructure here has been terribly outgrown.

 

[Ruturaj]

She is back, it was 2 long months.

 

[Ruturaj]

I think the paint doesn't match. I am planning to trade it in and get another one if possible. With lease incentives and deals, I might end up loosing 1-2k (that's the only scenario I am trading it in).

 

[Jacques]

Would you get a new one, or get a used one? Did you lease your current GT2?

 

[Ruturaj]

Would you get a new one, or get a used one? Did you lease your current GT2?

Mine is on lease, buyout is ~40k. I am planning to lease another one. Will do buyout on new on though.

Mine is 2019 GT2 AWD with remote start. I hoping trade in value to be around 38k (so I would be 2k upside down on this one). With good negotiation (5-6k off of MSRP) and current lease rebate (9.9k), I think I would end up with new lease with 42-43k buyout.

 

[Revvdmedia]

Mine is on lease, buyout is ~40k. I am planning to lease another one. Will do buyout on new on though.

Mine is 2019 GT2 AWD with remote start. I hoping trade in value to be around 38k (so I would be 2k upside down on this one). With good negotiation (5-6k off of MSRP) and current lease rebate (9.9k), I think I would end up with new lease with 42-43k buyout.

I'm curious to know what your trade in value will be with repaired damage, I figured it would depreciate the value.

 

[Ruturaj]

I'm curious to know what your trade in value will be with repaired damage, I figured it would depreciate the value.

I think so too, similar mileage and old cars are 42-45 on cars.com. Dealer would want to make 2-3k off the car and the repaired damage would set me back around 2-3k. Really not sure what numbers might look like though.

I will update soon, nearest dealer with white or ceramic color is 60 miles away.

 

[Ruturaj]

Update: I was offered 28k on my old car. 12k in negative equity, the sales guy called me within few minutes after I left and told me he can get a new lease with 850 monthly payment (no other numbers were given), I didn't entertain that call

 

[Revvdmedia]

Update: I was offered 28k on my old car. 12k in negative equity, the sales guy called me within few minutes after I left and told me he can get a new lease with 850 monthly payment (no other numbers were given), I didn't entertain that call

I thought this might happen. I've heard horror stories about how accidents severely affect resell value, but fortunately for me the only vehicle ever in an accident (she hit me) was written off, so I never had first hand experience.

 

[Rob M]

How bad is the new paint match? If it is very noticeable, is it due to a job that is not up to standards? The reason i ask is that either dealership is lowballing the trade offer, or is easily noticing a substandard repair, and deducting accordingly. It looks like they are valuing it as if no repair was done. I would have expected a trade more like $33-34k. I'd guess that a 19 gt2awd in excellent original condition with say 5k miles $36-37k. $28k is almost like it had a salvage title. You'd still likely be in neg equity position regardless. If the repairs were done acceptably, you could consider just finishing out existing lease and then turning in car - the lessor won't charge you anything for condition if repairs are proper. But if the repairs are substandard they can charge for reconditioning, even if they don't actuall do any. Consider this - dealer just valued your trade on a yearling at about where it should be as a 3 year old.

 

[GNS]

Ride the lease out, get the 2022 (or whatever) Stinger when your current lease ends. Don't get screwed on that $28k trade in.

 

[Kamauxx]

Update: I was offered 28k on my old car. 12k in negative equity, the sales guy called me within few minutes after I left and told me he can get a new lease with 850 monthly payment (no other numbers were given), I didn't entertain that call

Did your insurance company cut you a check for diminished value? If so, how much was that? If not, you may want to file a diminished value claim.

 

[Rob M]

Did your insurance company cut you a check for diminished value? If so, how much was that? If not, you may want to file a diminished value claim.

I don't think an insurance company will pay a diminished claim on an insured's vehicle when a 3rd party was not at fault.

 

[Kamauxx]

I don't think an insurance company will pay a diminished claim on an insured's vehicle when a 3rd party was not at fault.

Who was at fault here? He hit someone because they hit someone? I'm not sure where the insurance companies would place blame in this scenario.

 

[MerlintheMad]

old cars are 42-45 on cars.com.

"Old"? Why did we go from "used" to "old"? We're not even a whole year past 2018 yet.

 

[SteveCo]

Who was at fault here? He hit someone because they hit someone? I'm not sure where the insurance companies would place blame in this scenario.

Based on his original post, the car he hit had already rear-ended another - both he and the car he hit are at fault for following too close. If there was no previous collision and he'd pushed the second car into the first, he'd be the only one at fault - and responsible for damage to all three.

What gets interesting is calculating the damages assessed to each if the second impact caused additional damage between cars 1 and 2 - but either way, both of the drivers are 'at fault'.

 

[Ruturaj]

"Old"? Why did we go from "used" to "old"? We're not even a whole year past 2018 yet.

I meant similarly old. Mine is 2019.

 

[Ruturaj]

How bad is the new paint match? If it is very noticeable, is it due to a job that is not up to standards? The reason i ask is that either dealership is lowballing the trade offer, or is easily noticing a substandard repair, and deducting accordingly. It looks like they are valuing it as if no repair was done. I would have expected a trade more like $33-34k. I'd guess that a 19 gt2awd in excellent original condition with say 5k miles $36-37k. $28k is almost like it had a salvage title. You'd still likely be in neg equity position regardless. If the repairs were done acceptably, you could consider just finishing out existing lease and then turning in car - the lessor won't charge you anything for condition if repairs are proper. But if the repairs are substandard they can charge for reconditioning, even if they don't actuall do any. Consider this - dealer just valued your trade on a yearling at about where it should be as a 3 year old.

The paint matches when I look at it sun but in garage it looked different. I think the salesman just low balled me, I have been there before and they always tried to sell me at MSRP. I was okay with some negative equity. I am planning to keep the lease for rest of the time now.