Hope some of you can give your thoughts to a dilema my wife & I face.
Recently our Honda FRV (valued at £8000) was very badly damaged by a truck whilst parked on a public road. We established the company/driver and liability has been admitted. A independant engineer has estimated the amount of work required as about £3500 and so the vehicle is repairable and not a write off. It will be repaired by Honda using their parts and receive a warranty.
My question is that when ever I come to sell it on and admit that it has had a substantial repair it will lose value. However I need to know by how much so that I can recover any loss through the other parties insurers in diminished value. Anybody any idea as to how much damaged vehicles lose in value?
Any thoughts appreciated.