The Lotus Cars Community banner

41 - 60 of 83 Posts

·
Registered
Joined
·
341 Posts
Diminished value is valid in TX.. I know becuase my buddy is both an adjuster in TX, and he actually received a diminished value claim covered on his car when someone hit him as well.

As for discount tire (or any other hourly moron shop) my car never goes there.. I remove parts that need attention and bring them in my truck. I never had to learn the hard way but.....

To me the damages look far more than quoted.. as others have said - have a shop that has dealt with LOTUS and/or a dealer inspect the damages and quote.

When arguing for diminished value insurance companies use real life listings, similar to how county property-taxing authorities pull comps when valuing your home for tax purposes. Try to find as many cases of pristine models vs wrecked/repaired models as you can so you'll have a leg to stand on if they tell you to screw off or if they offer you $1k or $2k or something to shut you up.

While you're under the front clam I would address a few issues:
-resistor pack
-radiator (replace with non plastic end cap unit)
-oil cooler lines replace/upgrade if your car is affected by the recall, or even better - just relocate your oil cooler to the back where it should have been from the beginning minus 30ft of hose and 30lbs or so
 

·
Registered
Joined
·
570 Posts
Discussion Starter #42
Are you quite sure they just lurched forward in first gear?... That damage looks like the car was moving forward quite briskly. Were you there when this happened? Did you see the damaged shop equipment?

If the shop can't explain EXACTLY what happened you may have even more leverage in negotiations.
I was there, and saw it lodged into the inflation rack. All the employees went into the bay, then called me out to see it.

While you're under the front clam I would address a few issues:
-resistor pack
-radiator (replace with non plastic end cap unit)
-oil cooler lines replace/upgrade if your car is affected by the recall, or even better - just relocate your oil cooler to the back where it should have been from the beginning minus 30ft of hose and 30lbs or so
Thanks, I will look into this any any other improvements I should do
 

·
Registered
Joined
·
593 Posts
OMG that is awful. :mad: I'm so sorry to see that. I was just in Discount Tire on Friday asking for a price quote on new tires. I took a look at the place and it looked spic and span and workers were clean and professional looking. The place looked pretty pro. Now I don't think I'll ever trust them doing my tires. I have a van thank god so I can jack the Elise up myself and pull the tires off and take them in. God what a disaster that is.

Btw what tires were you getting from them?

Good luck with your legal stuff, repairs and insurance claim.

Madison
 

·
Registered
Joined
·
545 Posts
You don't wanna hear that, but there is no deminishing in value if you get a new front clam. It's a removable part and gets replaced, car is then as new, assuming everything damaged gets replaces and the chassis has no damage (which we'd be a write off, right). Different story if the clam gets repaired, I would believe that this would have an influence on the value. Elise is different in this regard from other cars which will get welded, filled etc.
 

·
Registered
Joined
·
104 Posts
You don't wanna hear that, but there is no deminishing in value if you get a new front clam. It's a removable part and gets replaced, car is then as new, assuming everything damaged gets replaces and the chassis has no damage (which we'd be a write off, right). Different story if the clam gets repaired, I would believe that this would have an influence on the value. Elise is different in this regard from other cars which will get welded, filled etc.
Sven, your thought process is valid, and the way things used to be for many, many years. That is what most would think. And using that logic, just a replacement bumper cover should not impact the value of a normal car if that is the only damage. There is one trend in the used car wholesale market though. If the car has an unclean carfax history, no matter how minor, it will not bring full value. This is partly due to the consumer market demanding the carfax reports (the ad campaign is working) and will instantly back away from a car with any negative history (or use that as the main bargaining chip). Before carfax existed a clam/bumper/fender replacement was not an issue and the term diminished value did not really apply. The vehicle was either a total loss (would carry a salvage title from then on) or repaired. This modern age of the "informed" consumer on vehicle history has driven us into a new thought process; along with a new approach for attorneys to extract additional insurance money in the form of "diminished value" (more in their pockets from fees/percentages). Just my $0.02...
 

·
Registered
Joined
·
545 Posts
Ok, that is something very US specific I did not know about. Over here in Germany, the logic I explained still holds true, as there is no central register such as carfax. In case there is a reason for a payment to hold you harmless because of a diminishing value, you'll need a certified valuation specialist to provide you with his report.
 

·
Registered
Joined
·
104 Posts
Ok, that is something very US specific I did not know about. Over here in Germany, the logic I explained still holds true, as there is no central register such as carfax. In case there is a reason for a payment to hold you harmless because of a diminishing value, you'll need a certified valuation specialist to provide you with his report.
Makes sense. I neglected to see that you are in Germany. Yeah, the US is infected by the nonsense which is carfax, a private company that has power over the used car market.
 

·
Registered
Joined
·
1,623 Posts
Carfax just compiles information people could get on their own if they had an inordinate amount of time. They are not at fault for anything, although their business model is pretty high profit and they could use some competitors.

The Carfax information would not ding the value of a car as much if a full report from the body shop could be attached to every claim reported by it. I think the culprit here is a lack of information rather than too much of it.
 

·
Registered
Joined
·
736 Posts
MadMan Markiss, Your post made my night last night. I laughed my ass off, if we're ever in the same area I owe you a drink!
The first few rounds would be on me man. Quite the brutal situation bud. It would have been hard for me to retain my composure. Then to have your wallet gone too? Hope all goes well in the recovery stages. A good 3 day bender would help.........a bit.
 

·
give me my second cam!
Joined
·
438 Posts
I just put new tires on my car, I pulled the wheels off and brought them in to the shop loose, sounds like many others on here do the same.

Just too many "non standard" things with these cars versus a run of the mill family sedan, not to mention I didn't want all the grease monkeys fighting over it either. There is a very small circle of people that I trust to work on my stuff... I don't care if it's the Elise or a chainsaw.
+1
 

·
Registered
Joined
·
50 Posts
So, since we've got a few Texans on here (at least a couple Austin-ites) ... where are the experienced Lotus shops in central TX?

Soulspeed is gone, and the only other place I know of is the local Austin dealer, John Eagle Euro

:shrug:

Good luck Tony with your troubles, sorry to hear about the bad news
 

·
Registered
Joined
·
341 Posts
So, since we've got a few Texans on here (at least a couple Austin-ites) ... where are the experienced Lotus shops in central TX?

Soulspeed is gone, and the only other place I know of is the local Austin dealer, John Eagle Euro

:shrug:

Good luck Tony with your troubles, sorry to hear about the bad news

...My garage :rolleyes:

I have no idea. I just moved here a few months ago but heard soulspeed was the place to go, then I called and found out they were shut down. If you take a short drive to Houston gashead motorworks is awesome.

I'd never go to ANY dealer for ANY service other than warranty work
 

·
Registered
Joined
·
17 Posts
...My garage :rolleyes:

I have no idea. I just moved here a few months ago but heard soulspeed was the place to go, then I called and found out they were shut down. If you take a short drive to Houston gashead motorworks is awesome.

I'd never go to ANY dealer for ANY service other than warranty work
I drove a Miata in Houston for 7 years. Clint at Gashead was my only mechanic. They are fantastic. I wish I had my car near there, I would trust them with any maintenance, repair, or upgrade and still expect reasonable prices on it.
 

·
Registered
Joined
·
399 Posts
Star motor cars in houston uses Katy Coach Works for body work. They replaced a coworkers rear clam and painted I believe. Not sure if they have done clam rework though.
 

·
08 Elise SC
Joined
·
142 Posts
Carfax just compiles information people could get on their own if they had an inordinate amount of time. They are not at fault for anything, although their business model is pretty high profit and they could use some competitors.

The Carfax information would not ding the value of a car as much if a full report from the body shop could be attached to every claim reported by it. I think the culprit here is a lack of information rather than too much of it.
My experience is that if you have a Carfax that isn't clean, people assume you rolled the car several times, it caught on fire, landed in a lake and you patched it together with bandaids and glue then painted over everything.

I had a car (Impreza) that had two claims on carfax...basically minor bumper scuffs where people hit my car in a parking lot while it was parked (and both times police were involved because nice witnesses called them). Most places would have just repainted the bumper skins and filled in the small divots, but I'm anal so I replaced both bumpers and all brackets behind them and used a really good shop because I wanted perfect panel gaps and good paint. There was no other damage. No sheet metal was bent or repaired. When I went to sell the car, it was still under warranty and looked absolutely brand new...not a scratch, chip, ding, stain or mark to be found...and I had all maintenance records and maintenance work done...yet I couldn't trade it in and it took me a long time to sell it because people would get the report and walk away without even asking about anything. The guy that bought it didn't run the carfax report and he got a fantastic car. Drove 400 miles to get it.

I don't think I'd use insurance to repair a (regular) car unless the repair was more than at least $1500 because you'll lose that much or more when you go to sell thanks to carfax. With the Elise, I think $1500 might get you a headlamp, or perhaps some lug nuts, so you're basically fubared if anything happens.
 

·
Registered
Joined
·
7,116 Posts
i would estimate about a 20 mph impact to do that damage...

a proper repair wil be around 14-16k.... more if the crash structure and or radiator was damaged, and from the pics, i would say there is a chance of that

be prepared for a conversation around total loss, more than diminished value.
 

·
Registered
Joined
·
1,623 Posts
My experience is that if you have a Carfax that isn't clean, people assume you rolled the car several times, it caught on fire, landed in a lake and you patched it together with bandaids and glue then painted over everything.

I had a car (Impreza) that had two claims on carfax...basically minor bumper scuffs where people hit my car in a parking lot while it was parked (and both times police were involved because nice witnesses called them). Most places would have just repainted the bumper skins and filled in the small divots, but I'm anal so I replaced both bumpers and all brackets behind them and used a really good shop because I wanted perfect panel gaps and good paint. There was no other damage. No sheet metal was bent or repaired. When I went to sell the car, it was still under warranty and looked absolutely brand new...not a scratch, chip, ding, stain or mark to be found...and I had all maintenance records and maintenance work done...yet I couldn't trade it in and it took me a long time to sell it because people would get the report and walk away without even asking about anything. The guy that bought it didn't run the carfax report and he got a fantastic car. Drove 400 miles to get it.

I don't think I'd use insurance to repair a (regular) car unless the repair was more than at least $1500 because you'll lose that much or more when you go to sell thanks to carfax. With the Elise, I think $1500 might get you a headlamp, or perhaps some lug nuts, so you're basically fubared if anything happens.
I understand what you're saying. I agree that people are mentally retarded about things like this - most people are poor car buyers, period. I wonder what would have happened though if you had openly announced that there had been two claims, along with publishing copies of the body shop invoice and a description of what happened. I for one would have been very open minded.
 

·
Registered
Joined
·
570 Posts
Discussion Starter #59
...My garage :rolleyes:
That's basically what's going to happen. The shop where it is at is owned by two close friends of mine(I'm also their web designer, thats how we met). They both went to WyoTech and graduated at the top of their class. Their precision and attention to detail is outstanding, and their previous builds are the essence of perfection. I'm out at their shop every evening working with them, so I'll oversee every aspect of the rebuild personally. I'd like to paint it myself but I'm just slightly too inexperienced to do something as detailed as the curves and angles of our cars.

If any of you are familiar with LS cars you've probably heard of Texas Speed and Performance. We're currently moving into their old facility :D

Well here's the latest:
The appraisers are giving us a little over 11k to get started. That is for parts visible before the teardown. Whatever else we find after teardown is being covered as well. So as of right now I'm pleased with their adamancy to cover everything.

I have contacted one of the independent appraisal companies mentioned here on LT and they have already reviewed the case for my diminished value. After the rebuild they are going to come and review it in person, then send their report to Discount Tire's Claims Mgmt. They currently estimate $4,500 - $6,500.

I'm going back to the location that damaged it today to return the wheels I ordered. Instead I will use the credit to get some for my Subaru, seeing as I've been driving it full time since the accident. However they will not touch the car (or any of mine ever again) plus its RHD and I'm sure something like this is more likely to happen in it.

As for the Elise, if we do not find any frame damage, while its under I'm going to take the advice given and replace the blower resister, the radiator, and check the oil lines; but I'm sure the previous owner replaced them. I'm also going to be shaving the body lines, blinkers, and giving the entire car a new paint job. Here's my questions:

1: What radiator do you recommend I use?
2: What color should I paint it?

I've greatly considered Laguna Seca Blue for a while now, but I'm defiantly open for recommendations. No matte colors, but anything wild and out of the ordinary will be considered. Post pics if you have them!
 

·
Registered
Joined
·
341 Posts
That's basically what's going to happen. The shop where it is at is owned by two close friends of mine(I'm also their web designer, thats how we met). They both went to WyoTech and graduated at the top of their class. Their precision and attention to detail is outstanding, and their previous builds are the essence of perfection. I'm out at their shop every evening working with them, so I'll oversee every aspect of the rebuild personally. I'd like to paint it myself but I'm just slightly too inexperienced to do something as detailed as the curves and angles of our cars.

If any of you are familiar with LS cars you've probably heard of Texas Speed and Performance. We're currently moving into their old facility :D

Well here's the latest:
The appraisers are giving us a little over 11k to get started. That is for parts visible before the teardown. Whatever else we find after teardown is being covered as well. So as of right now I'm pleased with their adamancy to cover everything.

I have contacted one of the independent appraisal companies mentioned here on LT and they have already reviewed the case for my diminished value. After the rebuild they are going to come and review it in person, then send their report to Discount Tire's Claims Mgmt. They currently estimate $4,500 - $6,500.

I'm going back to the location that damaged it today to return the wheels I ordered. Instead I will use the credit to get some for my Subaru, seeing as I've been driving it full time since the accident. However they will not touch the car (or any of mine ever again) plus its RHD and I'm sure something like this is more likely to happen in it.

As for the Elise, if we do not find any frame damage, while its under I'm going to take the advice given and replace the blower resister, the radiator, and check the oil lines; but I'm sure the previous owner replaced them. I'm also going to be shaving the body lines, blinkers, and giving the entire car a new paint job. Here's my questions:

1: What radiator do you recommend I use?
2: What color should I paint it?

I've greatly considered Laguna Seca Blue for a while now, but I'm defiantly open for recommendations. No matte colors, but anything wild and out of the ordinary will be considered. Post pics if you have them!

I've done alot of research on the radiator front and the best to get for a street driven car with AC is the prorad - but single pass, not the 3 pass from sector111.

eliseparts sells them, but the shipping and exhcange rates can bite you. turbophil orders them and keeps on hand. I'd contact him.. $500ish

as for paint? I wouldn't paint.. powdercoat or anodize

I like black but on some cars the silverish aluminum regular finish is good
 
41 - 60 of 83 Posts
Top