What is Diminished Value? How much less is my vehicle worth after its been repaired from an accident? Am I entitled to the difference in value from my insurance company? Diminished value is the reduced or diminished price your vehicle is worth after an accident repair.
Depending on the type of repair that drop in value can be as high as 25% of the vehicles value. The question is if you went to a car lot and had two of the exact vehicle for sale. Same miles and color. What vehicle would you pay more money for. The one that was in an accident and repaired or the never damaged vehicle.You know the answer. The never damaged vehicle.
What people don’t know is you are entitled to the difference or drop in the value from your insurance company. At Vintage Auto Appraisal we experts in Diminshed Value Appraisals. We have logged 1000′s of research and auction hours gathering information on formerly damaged vehicles. We have one of the worlds largest data banks on diminished value vehicles from antique, classic, exotic and late model cars and trucks.
Let Vintage Auto Appraisal do your diminished value appraisal today so you can get what you are entitled to from the insurance company. Our feature diminshed value vehicle is a 2009 Toyota Camry LE with the 2.4 liter four cylinder engine. It had at the time of accident 33,451 miles. It was damaged on the right front fender, bumper and radiator support. There was some slight frame damage and the air bags deployed. WHAT'S THE DIMINISHED VALUE?