ICBC repair question

alanchan · 03-26-2010, 05:25 PM

Someone vandalized my car in the Coquitlam area last week and I got a ICBC claim

.
this A$$ threw a brick at it and some other cars were damage in the same lot.
didn't catch him of course, hit and run
2 doors got small dents and scratches, the exterior chrome window + sill trims scratched a little.
Wow, didn't expect the repair damage cost estimate is $2300.
I heard some people say if your car repair over $2000 in BC, can bring down the future trade in or resell value, is this true or not?
what are the pos and cos
should I repair everything or just do the minimum paint job?

angrymofo · 03-26-2010, 06:40 PM

$2000 is the magic number between where you have to declare damage on the vehicle to the prospective buyer be it private or thru dealer. Back in the day $2000+ damage could be major. But now people can have $2000 damage with a bumper repair.
Now it more on what the damage is, not like u need to fix anything structurally. Is just paint and trim damage.
End of the day is if u want it fixed back to original or band aid fix it

I think ur options are different if leasing, but I could be wrong

samchoi604 · 03-26-2010, 06:52 PM

Where in coquitlam?

boymonkey · 03-26-2010, 08:18 PM

If you leave some of the damage in then it will definitely decrease the resale value, because the buyer will see damage. I think as long as you can tell the buyer that it was just cosmetics, not structural or mechanical, then the repairs won't damage the value. There are shops that are flexible about pricing and quality of the repair as well. They can make it look good as new on the outside without the full cost of a 100% proper job.

cadthis · 03-26-2010, 08:56 PM

Sorry to hear...

Yes - $2000 is the magic number; but I wouldn't worry about that now - getting the car back to its original condition is probably more important.

Take photos of all the damages and get a copy of the work done from the bodyshop after. You can disclose them to the buyer when you sell the car - whenever that might be.

Good luck

grn.eyed.bandit · 03-26-2010, 10:46 PM

definately get it fixed to factory condition...you're driving a BMW, not an old beater that you just want spray-bombed or whatever.

yes, $2000 deductible will decrease your resale value, but i'm pretty sure it gets put into certain categories (yours will be vandalism rather than collision, so it looks much better on paper)

and like stated already, take pictures to be able to show it to future buyers what was actually repaired. I'm pretty sure anything needing repair on a bmw is pretty close to that $2000 already.

03-26-2010, 05:25 PM	#1
alanchan Major 72 Rep 1,402 Posts Drives: 2006 323i Join Date: Jul 2006 Location: Vancouver, BC, Canada iTrader: (21)	ICBC repair question Someone vandalized my car in the Coquitlam area last week and I got a ICBC claim . this A$$ threw a brick at it and some other cars were damage in the same lot. didn't catch him of course, hit and run 2 doors got small dents and scratches, the exterior chrome window + sill trims scratched a little. Wow, didn't expect the repair damage cost estimate is $2300. I heard some people say if your car repair over $2000 in BC, can bring down the future trade in or resell value, is this true or not? what are the pos and cos should I repair everything or just do the minimum paint job? __________________ 323i, Arctic metallic , Cream beige leatherette interior , Titanium matt trim , Premium , Auto , 18" style 189 sport wheels , 335i bumper + kidney grills, CF pillars, Chrome window trim package , LCI halogen. Last edited by alanchan; 03-26-2010 at 05:33 PM..
	Appreciate 0 Tweet Quote

03-26-2010, 06:40 PM	#2
angrymofo Private First Class 6 Rep 157 Posts Drives: e60 528i lci Join Date: Jun 2006 Location: Vancouver iTrader: (3)	$2000 is the magic number between where you have to declare damage on the vehicle to the prospective buyer be it private or thru dealer. Back in the day $2000+ damage could be major. But now people can have $2000 damage with a bumper repair. Now it more on what the damage is, not like u need to fix anything structurally. Is just paint and trim damage. End of the day is if u want it fixed back to original or band aid fix it I think ur options are different if leasing, but I could be wrong __________________ 2008 528i Space Gray \| M-tech spoiler \| Tint all around \| GPThunder AE \| ST Suspension coilovers \| RPI exhaust \| BBS RW RIP - 2006 325i Arctic & 2006 330i Sparkling Graphite
	Appreciate 0 Quote

03-26-2010, 06:52 PM	#3
samchoi604 Colonel 60 Rep 2,334 Posts Drives: black on black Join Date: Mar 2009 Location: Burnaby, BC iTrader: (3)	Where in coquitlam?
	Appreciate 0 Quote

03-26-2010, 08:18 PM	#4
boymonkey Lieutenant 38 Rep 530 Posts Drives: slow Join Date: Apr 2007 Location: Canada iTrader: (0)	If you leave some of the damage in then it will definitely decrease the resale value, because the buyer will see damage. I think as long as you can tell the buyer that it was just cosmetics, not structural or mechanical, then the repairs won't damage the value. There are shops that are flexible about pricing and quality of the repair as well. They can make it look good as new on the outside without the full cost of a 100% proper job.
	Appreciate 0 Quote

03-26-2010, 08:56 PM	#5
cadthis Private 1 Rep 98 Posts Drives: 2016 335i GT Join Date: Dec 2009 Location: YVR iTrader: (0)	Sorry to hear... Yes - $2000 is the magic number; but I wouldn't worry about that now - getting the car back to its original condition is probably more important. Take photos of all the damages and get a copy of the work done from the bodyshop after. You can disclose them to the buyer when you sell the car - whenever that might be. Good luck __________________ W Stercus accidit... interdum 2009 E90 335i, 2013 F30 328ix, 2016 F34 335i GT
	Appreciate 0 Quote

03-26-2010, 10:46 PM	#6
grn.eyed.bandit can you stand it? 16 Rep 367 Posts Drives: 2010 Touring Join Date: Dec 2008 Location: Beautiful BC iTrader: (4)	definately get it fixed to factory condition...you're driving a BMW, not an old beater that you just want spray-bombed or whatever. yes, $2000 deductible will decrease your resale value, but i'm pretty sure it gets put into certain categories (yours will be vandalism rather than collision, so it looks much better on paper) and like stated already, take pictures to be able to show it to future buyers what was actually repaired. I'm pretty sure anything needing repair on a bmw is pretty close to that $2000 already. __________________ __________ When I get sad, I stop being sad and be awesome __________
	Appreciate 0 Quote