Damn it. Rear ended.
#11
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
Diminished value payments vary by state; I did get one on a leased car - the whole Carfax revolution is one of the reasons I have two leased cars at the moment. I got taken on one car for a prior (winter vehicle, purchased used, had an accident that hadn't been reported yet), and hits I've taken on two cars that I've owned from new. If you return the car in "turn in" condition per the lease document, there is generally no provision for accidents during the term unless you have not repaired the damage. I agree, this is minor, and since you are leasing, the only headache is getting it repaired properly. Your up front on the lease is simply amortized over the length of the lease, so shouldn't be an economic loss there. Nonetheless, still a pain.
#12
AudiWorld Senior Member
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
Custom colors cost $2500 (or more for non Audi colors) - you essentially "lose" the value once you pay for the car as you'll never get it back on resale or trade-in. Unless you get a rider on the car for custom paint, then the insurance company won't cover it either, I'll bet.
#13
AudiWorld Senior Member
Join Date: Mar 2010
Location: Balt-DC Area
Posts: 612
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
I was on my way to the dealer to get rid of my POS GJC when I got rear ended. It was about $3k in damage. Problem is it immediately killed my trade in value.
The insurance company tried to jerk me around until I asked them how good was there coverage for neck injuries.
I got a quote from the dealer of how much it hurt the trade in value and then told the insurance company exactly how much they were going to give me. She said no. I went to my doctor with neck pains.And sent the information to the insurance company.
Check was there two days later.
The insurance company tried to jerk me around until I asked them how good was there coverage for neck injuries.
I got a quote from the dealer of how much it hurt the trade in value and then told the insurance company exactly how much they were going to give me. She said no. I went to my doctor with neck pains.And sent the information to the insurance company.
Check was there two days later.
#14
Audiworld Junior Member
Join Date: Oct 2011
Location: Houston, TX
Posts: 23
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
Diminished value payments vary by state; I did get one on a leased car - the whole Carfax revolution is one of the reasons I have two leased cars at the moment. I got taken on one car for a prior (winter vehicle, purchased used, had an accident that hadn't been reported yet), and hits I've taken on two cars that I've owned from new. If you return the car in "turn in" condition per the lease document, there is generally no provision for accidents during the term unless you have not repaired the damage. I agree, this is minor, and since you are leasing, the only headache is getting it repaired properly. Your up front on the lease is simply amortized over the length of the lease, so shouldn't be an economic loss there. Nonetheless, still a pain.
#17
AudiWorld Member
Join Date: Dec 2000
Location: Ellicott City, MD
Posts: 50
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
ouch - not a S4 but had a Baltimoron run into me while stopped a few weeks ago - it just sucks. But it's a lease so just grin and bear it. No one died and no one is going to jail as an attorney friend of mine likes to say.
#18
AudiWorld Member
Join Date: Apr 2010
Location: LI NY
Posts: 196
Likes: 0
Received 0 Likes
on
0 Posts
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
To OP,it sucks but being it's just a lease I wouldn't sweat it as long as it repaired right(damage not that bad).
I own my car outright and if that were to happen to me I would just get it fixed to my satisfaction and be on my way.
#19
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
Most likely since he has put down cash to get down the monthly payment which also lowers residual on the car ie. gives you a option buy it out cheaper in the end of the lease than it's market value.
#20
![Default](https://www.audiworld.com/forums/images/icons/icon1.gif)
![Smile](https://www.audiworld.com/forums/images/smilies/smile.gif)