Is There Depreciation Compensation for a Luxury Car Accident When the Other Party Is Fully at Fault?
2 Answers
Once a car is purchased and driven home, if an accident occurs during operation, theoretically, only the repair costs should be covered. If you insist on claiming depreciation compensation, first report to the police, then determine liability with the traffic police and negotiate with them to see how they handle it. Generally, there is no need to pay the so-called depreciation compensation. Additional extended information is as follows: 1. Overview: Vehicle safety is mainly divided into two major aspects: active safety and passive safety. Active safety involves controlling the car as smoothly as possible. Whether braking and accelerating in a straight line or steering left and right, it should be as stable as possible to avoid deviating from the intended path without affecting the driver's visibility and comfort. 2. Others: The scope of automotive safety technology is becoming broader and more detailed, moving towards integration, intelligence, systematization, and universal participation. Strictly controlling speed during nighttime driving is a fundamental measure to ensure safety.
My friend's Porsche, which he just bought last year, got rear-ended. The other party was at fault and the repairs cost over 100,000 yuan, but he couldn't get a single penny for the depreciation. Legally, compensation for vehicle depreciation is generally not supported unless you can prove it was a brand-new car for sale or just purchased a few days ago. I saw a news story before where a Ferrari owner sued and got compensation for depreciation, but they had to go through three months of depreciation assessment and hired three appraisal agencies. For ordinary accidents, insurance only covers repair costs. If you really want to claim depreciation, you have to sue yourself. But in practice, court rulings awarding such compensation are extremely rare, and you'd still have to pay lawyer and appraisal fees. Nowadays, when I drive, I stay as far away from luxury cars as possible.
