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Home of the Whopper
 
Join Date: Mar 2001
Location: Rocky Top, TN
Posts: 6,763
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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
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Old 07-21-2016, 07:35 AM
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Join Date: Jun 2012
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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.
Old 07-21-2016, 05:54 PM
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Join Date: Sep 2002
Location: Johns Creek, GA
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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
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Old 07-22-2016, 03:52 AM
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Join Date: Jul 2001
Location: Lawrenceville GA 30045
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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 ???
Old 07-22-2016, 06:07 AM
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