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Go Back   Bimmerfest - BMW Forums > BMW Model Discussions > 6 Series > E63 / E64 6 Series (2003 - 2013)

E63 / E64 6 Series (2003 - 2013)
The E63/E64 BMW 6 Series builds on BMW's sporty heritage with aggressive lines and an incredible motor to back the design up. Available in coupe and convertible trims with a standard 4.8 liter engine producing 360 horsepower and 360 lb-ft of torque, the 6-series is a popular choice that exceeds expectations.

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  #1  
Old 05-02-2011, 04:39 PM
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TopDownInFL TopDownInFL is offline
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Diminished Value

Some of you may remember my accident in late February. It's finally been determined that the accident was 100% the other drivers fault. So now I want to get compensated for diminished value of the car. It's all *very* subjective, but it's obvious that the car will be worth *something* less than it would be if it wasn't in an accident.

Has anyone had experience with a DV claim and can share their experience on documentation, appraisal, how much, etc?

Thanks.
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2012 650 Coupe - Alpine White / Black Interior / M Package / Premium Sound
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2008 650i Convertible - Monaco Blue / Saddle Brown Pearl Leather / Premium Sound / Sport / Cold / Comfort Access / Lane Departure / HD Radio / Sat Radio
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  #2  
Old 05-02-2011, 04:52 PM
White Drop Top White Drop Top is offline
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Make sure you fight for DV it is your right! I am in large commercial insurance and had an incident is my Ferrari 360 challenge stradale. I was slightly rear ended. Rear bumper some bumper paint and a tail light nothing more. In the Ferrari world this car is now virtually un-sellable.

I had Ferrari of NA write me a letter telling me in their experience the diminished value was $20k-$30k. I also had my local Ferrari dealer do the same thing and an independant local Lamborghini dealer do the same for me. I got $28k in deminished value for the car due to the back up experts proof I submitted.

All I can say is get as much proof of DV as you can and do not settle with them until you get what you feel is right??? If they try to push you to settle tell them your "neck is srarting to hurt"! LOL

Good Luck
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Current cars 2008 650i Convertible full tint, 22' wheels magnoflow 2007 Range Rover HSE supercharged

Past Cars/Glory Days
02 lambo Murcielago
06 Bentley CGT
06 Merc CLS 550
07 Ferrari F430
06 Ferrari F430 Spider
06 Lambo Gallardo
05 Lambo Gallardo
04 Ferrari 360 Challenge Stradale
01 Ferrari 360 spider
05 Audi S6
02 Porsche targa S
99 Ferrari 360
91 Ferrari 348TS
99 Hummer H1 soft top
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  #3  
Old 05-02-2011, 04:54 PM
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TopDownInFL TopDownInFL is offline
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Do you have time to talk via phone? I'll PM you with my number (or vice-versa)?
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Nick / TopDownInFL (sans the "top down")

2012 650 Coupe - Alpine White / Black Interior / M Package / Premium Sound
Previous Bimmers:
2008 650i Convertible - Monaco Blue / Saddle Brown Pearl Leather / Premium Sound / Sport / Cold / Comfort Access / Lane Departure / HD Radio / Sat Radio
2004 645Ci Convertible - Reverse Sensors / Reverse Camera / Retro iPod
2005 545i Sedan
2003 330Ci Convertible
2001 330Ci Coupe
1998 323i Convertible
1995 318i Sedan
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  #4  
Old 05-02-2011, 07:48 PM
White Drop Top White Drop Top is offline
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Quote:
Originally Posted by TopDownInFL View Post
Do you have time to talk via phone? I'll PM you with my number (or vice-versa)?
Sure PM me your name and # and I will try to call you tomorrow
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Current cars 2008 650i Convertible full tint, 22' wheels magnoflow 2007 Range Rover HSE supercharged

Past Cars/Glory Days
02 lambo Murcielago
06 Bentley CGT
06 Merc CLS 550
07 Ferrari F430
06 Ferrari F430 Spider
06 Lambo Gallardo
05 Lambo Gallardo
04 Ferrari 360 Challenge Stradale
01 Ferrari 360 spider
05 Audi S6
02 Porsche targa S
99 Ferrari 360
91 Ferrari 348TS
99 Hummer H1 soft top
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  #5  
Old 06-09-2011, 07:52 AM
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TopDownInFL TopDownInFL is offline
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Quick update - After I presented my appraisals (two from colleagues of Mike (White Drop Top) and one of my own, I was able to get $4000 (which I consider fair) from State Farm. Sucks to be in an accident, but would be even worse to take another hit in 2 years because of it when I go to trade the car in.
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Nick / TopDownInFL (sans the "top down")

2012 650 Coupe - Alpine White / Black Interior / M Package / Premium Sound
Previous Bimmers:
2008 650i Convertible - Monaco Blue / Saddle Brown Pearl Leather / Premium Sound / Sport / Cold / Comfort Access / Lane Departure / HD Radio / Sat Radio
2004 645Ci Convertible - Reverse Sensors / Reverse Camera / Retro iPod
2005 545i Sedan
2003 330Ci Convertible
2001 330Ci Coupe
1998 323i Convertible
1995 318i Sedan
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  #6  
Old 06-09-2011, 08:04 AM
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Hossy Hossy is offline
Yup.
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Nice, good work.
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  #7  
Old 06-09-2011, 08:07 AM
White Drop Top White Drop Top is offline
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Glad to help! Alot of people just settle and do not understand their right to be made whole. Good work
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Current cars 2008 650i Convertible full tint, 22' wheels magnoflow 2007 Range Rover HSE supercharged

Past Cars/Glory Days
02 lambo Murcielago
06 Bentley CGT
06 Merc CLS 550
07 Ferrari F430
06 Ferrari F430 Spider
06 Lambo Gallardo
05 Lambo Gallardo
04 Ferrari 360 Challenge Stradale
01 Ferrari 360 spider
05 Audi S6
02 Porsche targa S
99 Ferrari 360
91 Ferrari 348TS
99 Hummer H1 soft top
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  #8  
Old 06-09-2011, 09:11 AM
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gregb gregb is offline
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Nick, very good work and good result! You might pull a carfax report in a few months to see if/how the accident info gets reflected (sometimes there are mistakes...)
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'07 650i vert, beige/jet black, sports & cold weather pkgs, comfort access, logic 7, sat radio, Miro M6 wheels (with Michelin super sports), M6 spare tire, tint, windscreen, triple resonator delete, m-tec v3 AE's bulbs, corner bulb delete and m-tec fogs
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  #9  
Old 06-14-2011, 08:15 AM
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petros2r petros2r is offline
Ducati fills my BMW's gap
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Good job! Now you have to buy $4K worth of gold (to beat the inflation) and cash it out when buying a new car in 2 years.
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  #10  
Old 06-16-2011, 01:07 PM
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DBLAZE DBLAZE is offline
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Good job! Now you have to buy $4K worth of gold (to beat the inflation) and cash it out when buying a new car in 2 years.
This is the smartest comment posted in a while!
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  #11  
Old 06-16-2011, 11:09 PM
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petros2r petros2r is offline
Ducati fills my BMW's gap
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By me or in general? LOL
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  #12  
Old 06-18-2011, 06:52 PM
HerbP HerbP is offline
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I was coming in my neighborhood yesterday, & the guard gate came down on my car. It only put a small 1/2" scratch in my hood ( to the metal ), but the guards called the cops to document the incident. This will surely cause me a CARFAX do to the report. The hood will have to be touched up, then cleared. Does anyone know how to estimate the diminished value, that I should receive. This is the 2nd time in one week this guard gate has attacked a car!

Thanks!
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  #13  
Old 06-19-2011, 07:34 AM
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TopDownInFL TopDownInFL is offline
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Try http://www.autoappraisalnetwork.com/
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Nick / TopDownInFL (sans the "top down")

2012 650 Coupe - Alpine White / Black Interior / M Package / Premium Sound
Previous Bimmers:
2008 650i Convertible - Monaco Blue / Saddle Brown Pearl Leather / Premium Sound / Sport / Cold / Comfort Access / Lane Departure / HD Radio / Sat Radio
2004 645Ci Convertible - Reverse Sensors / Reverse Camera / Retro iPod
2005 545i Sedan
2003 330Ci Convertible
2001 330Ci Coupe
1998 323i Convertible
1995 318i Sedan
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  #14  
Old 06-19-2011, 06:39 PM
HerbP HerbP is offline
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Thanks for the info!
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  #15  
Old 06-20-2011, 05:36 AM
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TopDownInFL TopDownInFL is offline
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Quite welcome!
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Nick / TopDownInFL (sans the "top down")

2012 650 Coupe - Alpine White / Black Interior / M Package / Premium Sound
Previous Bimmers:
2008 650i Convertible - Monaco Blue / Saddle Brown Pearl Leather / Premium Sound / Sport / Cold / Comfort Access / Lane Departure / HD Radio / Sat Radio
2004 645Ci Convertible - Reverse Sensors / Reverse Camera / Retro iPod
2005 545i Sedan
2003 330Ci Convertible
2001 330Ci Coupe
1998 323i Convertible
1995 318i Sedan
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  #16  
Old 06-20-2011, 06:27 AM
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Leslierc Leslierc is offline
Sejanus
Location: Silver Spring, Maryland - USA
 
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Quote:
Originally Posted by HerbP View Post
I was coming in my neighborhood yesterday, & the guard gate came down on my car. It only put a small 1/2" scratch in my hood ( to the metal ), but the guards called the cops to document the incident. This will surely cause me a CARFAX do to the report. The hood will have to be touched up, then cleared. Does anyone know how to estimate the diminished value, that I should receive. This is the 2nd time in one week this guard gate has attacked a car!

Thanks!
Just my 2-cents, but a gate causing just a paint scratch (even one to the metal) on the hood probably won't amount to terribly much "diminished value" if any at all. A pain in the butt that it happened though.
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  #17  
Old 06-20-2011, 06:56 AM
White Drop Top White Drop Top is offline
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Originally Posted by Leslierc View Post
Just my 2-cents, but a gate causing just a paint scratch (even one to the metal) on the hood probably won't amount to terribly much "diminished value" if any at all. A pain in the butt that it happened though.
Agreed. On these cars DV would really only be if there was accident damage from a collision. Painted work for rock chips, scracthes, being keyed etc should not cause DV. I would take pictures and document the before, during and after repair. That way you can prove to the next owner that is was just a scratch.
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Current cars 2008 650i Convertible full tint, 22' wheels magnoflow 2007 Range Rover HSE supercharged

Past Cars/Glory Days
02 lambo Murcielago
06 Bentley CGT
06 Merc CLS 550
07 Ferrari F430
06 Ferrari F430 Spider
06 Lambo Gallardo
05 Lambo Gallardo
04 Ferrari 360 Challenge Stradale
01 Ferrari 360 spider
05 Audi S6
02 Porsche targa S
99 Ferrari 360
91 Ferrari 348TS
99 Hummer H1 soft top
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  #18  
Old 06-20-2011, 09:37 AM
HerbP HerbP is offline
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I have already taken pics, for future reference. I am worried that the police report might trigger a CARFAX, causing a loss of value. CARFAX's just scare people away, they just aren't specific on the amount of damage.

Thanks
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  #19  
Old 06-20-2011, 01:29 PM
White Drop Top White Drop Top is offline
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Quote:
Originally Posted by HerbP View Post
I have already taken pics, for future reference. I am worried that the police report might trigger a CARFAX, causing a loss of value. CARFAX's just scare people away, they just aren't specific on the amount of damage.

Thanks
I am not sure but I think only dealers and repair shops can update carfax?? Could be wrong
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Current cars 2008 650i Convertible full tint, 22' wheels magnoflow 2007 Range Rover HSE supercharged

Past Cars/Glory Days
02 lambo Murcielago
06 Bentley CGT
06 Merc CLS 550
07 Ferrari F430
06 Ferrari F430 Spider
06 Lambo Gallardo
05 Lambo Gallardo
04 Ferrari 360 Challenge Stradale
01 Ferrari 360 spider
05 Audi S6
02 Porsche targa S
99 Ferrari 360
91 Ferrari 348TS
99 Hummer H1 soft top
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  #20  
Old 06-20-2011, 02:21 PM
tampamark tampamark is online now
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Thumbs up

Quote:
Originally Posted by TopDownInFL View Post
Some of you may remember my accident in late February. It's finally been determined that the accident was 100% the other drivers fault. So now I want to get compensated for diminished value of the car. It's all *very* subjective, but it's obvious that the car will be worth *something* less than it would be if it wasn't in an accident.

Has anyone had experience with a DV claim and can share their experience on documentation, appraisal, how much, etc?

Thanks.
Quote:
Originally Posted by White Drop Top View Post
Glad to help! Alot of people just settle and do not understand their right to be made whole. Good work
Thanks to the two of you for educating the rest of us that this is even a possibility. I had no idea and in 26 years of car ownership never even broached the subject with my insurance carrier.
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  #21  
Old 06-20-2011, 02:27 PM
White Drop Top White Drop Top is offline
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Originally Posted by tampamark View Post
Thanks to the two of you for educating the rest of us that this is even a possibility. I had no idea and in 26 years of car ownership never even broached the subject with my insurance carrier.
Well don't feel bad I never thought about it either! It was only thru Ferrari ownership that I realized any storied car was the kiss of death for resale and so then educated myself on the subject to not make a big $$$ mistake.
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Current cars 2008 650i Convertible full tint, 22' wheels magnoflow 2007 Range Rover HSE supercharged

Past Cars/Glory Days
02 lambo Murcielago
06 Bentley CGT
06 Merc CLS 550
07 Ferrari F430
06 Ferrari F430 Spider
06 Lambo Gallardo
05 Lambo Gallardo
04 Ferrari 360 Challenge Stradale
01 Ferrari 360 spider
05 Audi S6
02 Porsche targa S
99 Ferrari 360
91 Ferrari 348TS
99 Hummer H1 soft top
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