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Should I hire an attorney to collect my depreciation value? I own a car dealership. ?

A drunk driver hit my car while it was parked. The car was hit in the rear end causing about $8,500 in damages to 2004 BMW 645i. I tried to collect depreciation value from the insurance. However, the insurance company pull a car fax. The car was hit in the same spot with same estimated damages. The insurance company refuse to pay because of the car fax. I had the car on my lot for 2 months prior to the accident. I had a verbal commitment from a buyer who test drove the car 2 days prior to accident. The buyer was not interested after the accident. The car was in the shop for 2 months and another 3 week to find a buyer. I had to wholesale the car, because the body shop took 2 months to repair the vehicle. I lost $6000 because the price had drop and accident. My line of credit allowed me to hold the car for 90 days. The accident caused a financial burden on my company. We are a very small used car lot. Do you think a lawyer would take the case and win in court?

Public Comments

1. Its a tough case because of the past accident. My dealership has had several depreciation value claims however we never had one with prior damage. A lawyer may be able to do something but he will also charge good money to do it.
2. NO the case will not go far with the CarFax report of previous damage. And did you know that Bimmer Rhymes with Dimmer, as in the cars dimmer switch? it`s BEEmer, not Bimmer.
3. If the car has a history of being hit int he same place for the same amount - the depreciaiton is not going to be that much. The car's value would have taken a hit from the first impact. They would only owe you the reduction the car suffered after the first hit. Not from the retail book value of the car. Just because you did not know about the first hit - does not mean that does not factor in to the car's value. And 8500 repair should not take 2 months to be repaired. Any reduction because of that - is between you and the shop. Sure you can hire a lawyer, but a lawyer will take 1/3-1/2 of any settlement as his fee. End the end, you will probably end up with less money than what the insurance company is offering.
4. Oh, boo-hoo -- a used car salesman didn't get a chance to slam the insurance company. Go ahead and hire a lawyer -- providing you can find one stupid enough to take this lame case. You still won't win (remember, judges and juries hate car salesmen more than insurance companies) and you will still have to pay the lawyer. just cut your 'losses' (yeah..as if) and move on.
5. The answer could vary by person.It is alway a good idea to hear the suggestion from different sides and try to choose the best one.Here http://www.CarInsuranceFree.info/free-car-insurance.htm is a good one i recommend.