Diminished Value - Personal Inspection
$289.00
$289.00
per item
So what exactly is diminished value? Diminished value, also referred to as diminution of value, is the sudden loss of value your vehicle sustains after an accident. You may be asking yourself, why would a car lose value after an accident? Well, think about it this way. You're in the market for a new car, you've done your homework, and have narrowed it down between a couple of different options. You found two identical cars for sale that are being offered for the same sales price. We are talking about the same year, make, mileage, and identical options packages. You run the vehicle history report on both cars only to find out that one of them has an accident in its past. Which one are you going to purchase? Most buyers are going to purchase the one with a clean accident history. Why would you risk the uncertainty of buying the car with a prior loss when you could pay the same price for one with a clean history? In order to entice buyers to buy the car with a prior loss, the seller must discount the vehicle to make it more attractive. This is diminished value.
What is the difference between a desk review and field inspection diminished value? A field inspection requires that one of our highly qualified appraisers inspect and photograph your vehicle. You aren't required to be present during the inspection. We know how valuable your time is and understand that not everyone can stop their day to wait for an appraiser. The final diminished value report generated using the information we have collected along with the final repair estimate provided to you by your body shop or insurance company.
What is the difference between a desk review and field inspection diminished value? A field inspection requires that one of our highly qualified appraisers inspect and photograph your vehicle. You aren't required to be present during the inspection. We know how valuable your time is and understand that not everyone can stop their day to wait for an appraiser. The final diminished value report generated using the information we have collected along with the final repair estimate provided to you by your body shop or insurance company.