How does putting aftermarket parts on my car effect the value of my car if the car is only 3 months old?
Total Comments: 19
Posted: Tue Dec 18, 2007 10:51 pm Post Subject:
Hello Annette and welcome to the community........
How does putting aftermarket parts on my car effect the value of my car if the car is only 3 months old?
How many miles does your vehicle have and what is the year? Wouldn't hurt to know the make and model as well. What/which parts are we talking about? We really need more details to attempt to answer your question...When you say the vehicle is 3months old, some people mean that they have only had the vehicle 3months, but it's a 1999 sunfire...see my point? I'm really shocked though if an insurance company wrote a/m parts on a vehicle that is new...most don't...Please be more specific and I'm sure we can help you with this....
MOST of the time there should be no effect on value assuming that they are capa certified and of course dependent upon the part...all companies have guidelines and rules regarding the use of a/m parts...I won't go into all of that till we know what parts we are discussing....also are you sure they are aftermarket and not reman?
I look forward to your response and the opportunity to assist you.
Posted: Wed Dec 19, 2007 07:35 am Post Subject:
Using aftermarket parts to fix your car may reduce the cost of repair but at the same time may pull down the value of the car as well. If you go to resale your car later on, you may be offered less than half the price of the car by the dealer.
At times, the insurers can get little pushy with fixing the car with aftermarket parts. It reduces the cost on their part. But you should strongly protest if they are trying to sell you junk parts on a brand new vehicle or not satisfied with the quality of the parts used.
Take care, Miamimonk
Posted: Wed Dec 19, 2007 09:18 am Post Subject:
The aftermarket parts are now being widely used by the body shops, with the consent of the insurer, to fix damaged cars. Apparently, there is no harm in using a/m parts if they are certified, but the value of the car may get affected. Try to shed some more light on the issue for better assistance form the experts.
Posted: Thu Jan 03, 2008 06:05 pm Post Subject:
My sister was hit by a car and their insurance wanted to to put after market parts on. hse refused them and their argued about it. In the end she got the original replacement parts to put her car back to where it was before it was damaged. Of course they will want to fix it cheap as they can.
Draw your own conclusions but the survey concludes that 49 percent of the people installing a/m parts do not feel they are equivalent to oem parts and that they find on averge 1in4 parts are equivalent; only 1.3 percent feel that they are equal, leaving about 49.7 to be indifferent.
78 percent of those surveyed stated that they installed aftermarket parts because of insurance criteria by participating in DRP programs. 90 percent of respondendts felt policy holders were not told or were unaware of the use of imitation parts being mandated in their policies until after they had experienced an accident.
Either policy holders do not read their policies or insurers have failed to explain or sell the aftermarket parts as equal to the original parts while selling policies that do not fully restore accident damaged vehicle to pre-loss conditon as promised in the contract of insurance?
The CAA (California Autobody Association) feels there are inadequate policies in place to decertify parts that were supposed to have been equivalent and that tracking decertified parts needed to be a priority.
One could conclude that the vast majority of repairers using aftermarket parts in the repair of collision damaged vehicles where insurers are paying for repairs, are doing so fonly for fear of being removed from their DRP programs and not because they believe them to be equal to oem. At least 50 percent had the cahonies and were bold enough to speak up and assert what they believed to be true. "We're only using them because insurers mandate the use of them" as a cost savings measure. This is all to the detriment of the value of the vehicle or public safety and leaving policy holders with no means of being informed when those parts are later found to be not equivalent where a certification organization funded by insurers found them to be equivalent initially. Who are you gonna believe? Do the certifiers need to be certified? They seem to be certifying parts to be equivalent that repairers claim 75 percent of them are not!
Posted: Thu Oct 01, 2009 08:45 pm Post Subject:
Hey mods can this discussion be moved to the proper forum under auto insurance? ok :wink:
Posted: Sat Oct 03, 2009 08:09 pm Post Subject:
Correct, using aftermarket parts to repair your car will lower its value. Obviously insurance companies could care less, and just want to save the most amount of money possible. However, I believe you should be able to refute that with your insurance company if you are not comfortable using aftermarket parts to repair your brand new car.
Posted: Sun Oct 04, 2009 12:14 pm Post Subject:
However, I believe you should be able to refute that with your insurance company if you are not comfortable using aftermarket parts to repair your brand new car.
I personally do not know any carrier that puts a/m parts on a brand new vehicle, all carrier procedures that I'm aware of (admittedly do not know all)...are the same.
Posted: Mon Oct 05, 2009 06:13 am Post Subject:
I'd request you all to share if you've come across any such instances wherein the use of after-market parts could have been the cause of an accident. Also would like you guys to go through the following discussion at our forums- http://www.ampminsure.org/start/aftermarketparts.html
Posted: Mon Oct 05, 2009 03:34 pm Post Subject:
I personally do not know any carrier that puts a/m parts on a brand new vehicle, all carrier procedures that I'm aware of (admittedly do not know all)...are the same.
There are many insurers who undoubtably require their adjusters or shops to ultilize AM parts if the vehicle is at least 1 year old and or more 12k miles (sometimes that doesn't even matter). I see plenty of '08 vehicles with AM bumpers or worse reconditioned bumpers on estimates. For example, I reinspected a 2008 Cadillac Escalade with a recondtioned front cover used. This vehicle had less then 30k miles on it.
Posted: Tue Dec 18, 2007 10:51 pm Post Subject:
Hello Annette and welcome to the community........
How does putting aftermarket parts on my car effect the value of my car if the car is only 3 months old?
How many miles does your vehicle have and what is the year? Wouldn't hurt to know the make and model as well. What/which parts are we talking about? We really need more details to attempt to answer your question...When you say the vehicle is 3months old, some people mean that they have only had the vehicle 3months, but it's a 1999 sunfire...see my point? I'm really shocked though if an insurance company wrote a/m parts on a vehicle that is new...most don't...Please be more specific and I'm sure we can help you with this....MOST of the time there should be no effect on value assuming that they are capa certified and of course dependent upon the part...all companies have guidelines and rules regarding the use of a/m parts...I won't go into all of that till we know what parts we are discussing....also are you sure they are aftermarket and not reman?
I look forward to your response and the opportunity to assist you.
Posted: Wed Dec 19, 2007 07:35 am Post Subject:
Using aftermarket parts to fix your car may reduce the cost of repair but at the same time may pull down the value of the car as well. If you go to resale your car later on, you may be offered less than half the price of the car by the dealer.
At times, the insurers can get little pushy with fixing the car with aftermarket parts. It reduces the cost on their part. But you should strongly protest if they are trying to sell you junk parts on a brand new vehicle or not satisfied with the quality of the parts used.
Take care, Miamimonk
Posted: Wed Dec 19, 2007 09:18 am Post Subject:
The aftermarket parts are now being widely used by the body shops, with the consent of the insurer, to fix damaged cars. Apparently, there is no harm in using a/m parts if they are certified, but the value of the car may get affected. Try to shed some more light on the issue for better assistance form the experts.
Posted: Thu Jan 03, 2008 06:05 pm Post Subject:
My sister was hit by a car and their insurance wanted to to put after market parts on. hse refused them and their argued about it. In the end she got the original replacement parts to put her car back to where it was before it was damaged. Of course they will want to fix it cheap as they can.
Posted: Thu Oct 01, 2009 06:48 pm Post Subject:
http://www.bodyshopbusiness.com/Article/66419/caa_survey_questions_quality_of_capacertified_parts.aspx
Draw your own conclusions but the survey concludes that 49 percent of the people installing a/m parts do not feel they are equivalent to oem parts and that they find on averge 1in4 parts are equivalent; only 1.3 percent feel that they are equal, leaving about 49.7 to be indifferent.
78 percent of those surveyed stated that they installed aftermarket parts because of insurance criteria by participating in DRP programs. 90 percent of respondendts felt policy holders were not told or were unaware of the use of imitation parts being mandated in their policies until after they had experienced an accident.
Either policy holders do not read their policies or insurers have failed to explain or sell the aftermarket parts as equal to the original parts while selling policies that do not fully restore accident damaged vehicle to pre-loss conditon as promised in the contract of insurance?
The CAA (California Autobody Association) feels there are inadequate policies in place to decertify parts that were supposed to have been equivalent and that tracking decertified parts needed to be a priority.
One could conclude that the vast majority of repairers using aftermarket parts in the repair of collision damaged vehicles where insurers are paying for repairs, are doing so fonly for fear of being removed from their DRP programs and not because they believe them to be equal to oem. At least 50 percent had the cahonies and were bold enough to speak up and assert what they believed to be true. "We're only using them because insurers mandate the use of them" as a cost savings measure. This is all to the detriment of the value of the vehicle or public safety and leaving policy holders with no means of being informed when those parts are later found to be not equivalent where a certification organization funded by insurers found them to be equivalent initially. Who are you gonna believe? Do the certifiers need to be certified? They seem to be certifying parts to be equivalent that repairers claim 75 percent of them are not!
Posted: Thu Oct 01, 2009 08:45 pm Post Subject:
Hey mods can this discussion be moved to the proper forum under auto insurance? ok :wink:
Posted: Sat Oct 03, 2009 08:09 pm Post Subject:
Correct, using aftermarket parts to repair your car will lower its value. Obviously insurance companies could care less, and just want to save the most amount of money possible. However, I believe you should be able to refute that with your insurance company if you are not comfortable using aftermarket parts to repair your brand new car.
Posted: Sun Oct 04, 2009 12:14 pm Post Subject:
However, I believe you should be able to refute that with your insurance company if you are not comfortable using aftermarket parts to repair your brand new car.
I personally do not know any carrier that puts a/m parts on a brand new vehicle, all carrier procedures that I'm aware of (admittedly do not know all)...are the same.Posted: Mon Oct 05, 2009 06:13 am Post Subject:
I'd request you all to share if you've come across any such instances wherein the use of after-market parts could have been the cause of an accident. Also would like you guys to go through the following discussion at our forums- http://www.ampminsure.org/start/aftermarketparts.html
Posted: Mon Oct 05, 2009 03:34 pm Post Subject:
I personally do not know any carrier that puts a/m parts on a brand new vehicle, all carrier procedures that I'm aware of (admittedly do not know all)...are the same.
There are many insurers who undoubtably require their adjusters or shops to ultilize AM parts if the vehicle is at least 1 year old and or more 12k miles (sometimes that doesn't even matter). I see plenty of '08 vehicles with AM bumpers or worse reconditioned bumpers on estimates. For example, I reinspected a 2008 Cadillac Escalade with a recondtioned front cover used. This vehicle had less then 30k miles on it.
Add your comment