Major damage to my new Lightning (T-bone collision) - now what?

[RickKeen]

Imagine if a body shop did fix it up and made it look new again, what would the value be? A used F150 Lariat ER Lightnings similar age and mileage is still going for over $90k

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[rdr854]

You’d be surprised. There are used trucks in Northern Virginia dealerships that have been on the lot since early September and mid August.

I think interest rate increases have cooled the market place.

 

[Regular150]

Ford authorized repair shop can take care of the Aluminum repair and their skills are impressive. Make air it's a good one.
Did the side airbag go off?
If not, it maybe just lower rockers, pull up the plastic straight up and you'll see where the seam is. Front fender easy, doors, is n piller moved in at all? The drivers side bedside, and C pillar insert maybe if it's damaged.

My question to @Ford Motor Company would be, what wre the test results and impact energy to cause Battery damage and should the pack be replaced? Really too bad.

 

[lakeguy55]

Sadly, I'm guessing that we'll soon hear about a few Lightnings that have been totaled by flooding in the Fort Myers area.

 

[VTbuckeye]

Sadly, I'm guessing that we'll soon hear about a few Lightnings that have been totaled by flooding in the Fort Myers area.

If only they were floating cybertrucks... On a more serious note. Let's hope the trucks all survive and that the people of Florida weather this storm and come out of it healthy (though there will be extensive property damage).

 

[hturnerfamily]

Insurance companies are already required to provide you 'diminished value' reimbursement when a claim or total loss occurs - so you've then already 'recouped' any depreciation losses due to any 'perceived' loss of resale value.
The idea is that most buyers of used vehicles don't give the same value to one which has had previous damage repair as compared to one that has never had any - so you'll have recouped the 'lost value' possible YEARS before you even sale it, if you ever even do.

 

[rdr854]

Let me clarify, used 2022 F-150 Lightnings. Sorry for the confusion with my use of up the term “truck.”

 

[FinsNBolts]

If only they were floating cybertrucks... On a more serious note. Let's hope the trucks all survive and that the people of Florida weather this storm and come out of it healthy (though there will be extensive property damage).

Clearwater area checking in. Lightning stayed safely in the garage. Feeling fortunate today that our area did not get hit like was originally predicted. concerned for those just south of us. Ft Myers got hit hard and had such little warning because the track changed at the last minute, shifting 100 miles south.

 

[RVALightning]

Remember no matter how nice they seem to be the insurance company is looking out for their best interests not your own… even you insurance company. Laws are different by state and policies differ so make sure you understand both. And know that everything is negotiable.

My ICE car was totaled in Dec 2021 Virginia law is weird and most crashes are deemed both parties responsible (not important but I had to file a claim with my insurance company)

Their first offer was based on a few cars for sale but the used car market was really limited and it was hard to find comparable cars with the same features for sale in our city… so I found examples from nearby cities that were more comparable. Long story short they raised their offer by $3k and in the end I was paid $9k MORE than my purchase price from 2019 because my policy was replacement cost policy.

You should absolutely ask for market price not what you paid and as we all know that is well above MSRP.

Your truck is likely not totaled but it’s still a negotiation and what other folks said about diminished value should be a part of that as well

Sorry this happened to you but glad you are okay and wish you the best of luck

 

[EvEddy]

Yeah I havent seen any use lightnings sitting at dealers.

 

[Ford Fanatic]

So I live in Iowa and we have a law requires any vehicle damage exceeding 50% the vehicles value requires the insurance company to total it. Recently a family member hit a deer and the insurance claimed the damage was only 48% of the value. After the 4th insurance approved repair shop refused to fix it the insurance company finally approved the total out. Fight for what's right and find a shop you can trust.

I too am in Iowa and have never heard of this being the Iowa law. Do you have the state statute you can share?

 

[astricklin]

Insurance companies are already required to provide you 'diminished value' reimbursement when a claim or total loss occurs - so you've then already 'recouped' any depreciation losses due to any 'perceived' loss of resale value.
The idea is that most buyers of used vehicles don't give the same value to one which has had previous damage repair as compared to one that has never had any - so you'll have recouped the 'lost value' possible YEARS before you even sale it, if you ever even do.

This isn't necessarily true. Laws/rules about diminished value payment varies by state. In Texas they do not automatically pay it and it's not easy to get them to pay anything at all as they want you to prove the amount of loss.

 

[lancersrock]

I too am in Iowa and have never heard of this being the Iowa law. Do you have the state statute you can share?

https://totallossappraisals.com/total-loss-threshold-50-states/iowa/

That link spells it out and gives the state statute as well. I've never looked it up before just what I was told after my car was totaled after a hail storm.

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