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how much does a car depreciate after it is stolen but recovered?
it is a 2011 BMW 528i. it was stolen for about 3 weeks and the thieves revved it out. it has 101,000KM on it
4 Answers
- Anonymous6 years ago
No specific amount. Roughly the amount of visable damage.
That's assuming the 'theft recover" is not reported to the DMV and unless they deemed it a total loss and paid you for it, it probably wouldn't be.
If that was the case, it could be deemed a prior salvage which could devalue it by 20-30% or so.
- ?Lv 76 years ago
It's not a given that there is any depreciation at all. However, if it has unrepaired damage, the value will obviously be impacted by how serious the damage is.
- CBLv 76 years ago
What damage was done as I couldn't find a definition (urban or proper) for "revved it out".
- regeruggedLv 76 years ago
It does not depreciate. If there is damage and if you have comprehensive insurance, you insurance will cover the repairs.
