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Originally Posted by Thepsychogoalie
I'd also be interested in any thoughts/experience with diminished value (CO is a diminished value state) and how to deal with insurance (we both have AllState).
Thanks in advance!!!
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My wife was was lightly rear-ended in her Audi A4 a few years back. The damage was minimal. The repair consisted entirely of replacing and painting the bumper cover. There was no sheet metal, structural, or other damage whatsoever. When we went to trade it on a new one last year, the dealership (the same one where we'd bought it and also did the repair) informed us that the Carfax report indicated that the car had been involved in a rear-end accident. They lowered their original trade-in offer by a substantial amount as a result, saying that they'd have to disclose that the car had been in an accident to any potential buyer. Since the Carfax report gave no indication of the severity of the damage, potential buyers would probably assume the worst and they would have to discount it accordingly.
I wasn't aware of the Colorado "diminished value" rules, and since the damage was so minimal, didn't give it much thought at the time of the accident. Anyway, you may want to bring up this potential issue with the insurance company.