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Home of the Whopper
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78SC Targa diminished value
Guys,
I am heading to court in a couple weeks and need some help determining diminished value. According to what I have read, I am entitled to the difference in what my car was worth before the accident and what it is worth after properly repaired. Anybody have any ideas what kinda hit an all original paint SC targa would take after properly replacing a fender, door and quarter panel? Looking at Haggerty values, just dropping from a 1 to a 2, 2 to a 3, or a 3 to a 4, would be at least a $12k hit. Is that a fair method? Thanks, BK ![]()
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1968 912 coupe 1971 911E Targa rustbucket 1972 914 1.7 1987 924S |
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Registered User
Join Date: Jun 2012
Posts: 1,544
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Your car:
1) Had original paint 2) Will never again have original paint 3) The replacement of those panels and a real paint job would cost more than $12k (even though I know you added this in as a car that's done) 4) The car will always have a story 5) Better 78s are out there and will always be out there I am thinking more like a $16K hit at least. Really, in this market, people want cars with no stories unless it's a '65 or '67 S and when the parts + paint + labor to make the car what it was and if it's painted and repaired PROPERLY then as it stands maybe a $12K hit, but times have changed and it's probably more like $16K or more. According to their scale, your car was probably GOOD. Now it's FAIR and will always be FAIR no matter what, unless it's completely restored. By putting panels on it and respraying the panels you are always going to take it in the pocket. |
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Registered
Join Date: Sep 2002
Location: Johns Creek, GA
Posts: 1,442
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is an atty handling this for you? I would think you would want to go into court with a certified appraisal on the car as it sits today, and the same appraiser could tell you would the car would have been worth before the accident. good luck. Let us know how it turns out.
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Charles 88 911 Cab 74 TR6 88 CRX Si 79 930 #632 (sold her and survived her) |
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Registered
Join Date: Jul 2001
Location: Lawrenceville GA 30045
Posts: 7,376
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I think $12k is a dream number - unless the car is a cream puff....
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Mark '83 SC Targa - since 5/5/2001 '06 911 S Aerokit - from 5/2/2016 to 11/14/2018 '11 911 S w/PDK - from 7/2/2021 to ??? |
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