Here's something I wish I had known about when another driver plowed into my car, a car that was only five months old: diminished value.
The other driver's insurance company paid to fix my vehicle, but just the fact that it had been in an accident diminished its value. Rightly so. It was no longer as sound. One former general manager says his dealership used to automatically offer 30 percent less for a trade-in if it had frame damage.
But it wasn't my fault. When I went to sell the car, the...Full Story