Wrecked Car Damaged Vehicle Blog

RSS Grab DamageMAX RSS Feeds

Diminished Value and Vehicle History

Joseph Coupal - Friday, November 09, 2012

Diminished Value is the reduction in resale value of a repaired vehicle due to accident history.  Even after high quality repairs have been performed, a significant portion of a damaged vehicle's original value is never restored.

Would you pay as much for a vehicle that has an accident history compared to one that doesn't?

With widespread consumer advertising of vehicle history reports (CarFax), accident history has a profound effect on the fair market value of an automobile.  Car dealers today avoid purchasing vehicles with adverse CarFax reports.  The wrecked car could be repaired better than new and a dealer is still unlikely to buy the vehicle.  Why not?  Because consumers today are armed with information and will not purchase a vehicle with accident history without a massive discount.
 
Automobile dealers are frequently portrayed in ads that sensationalize "worst case" scenarios where vehicles are misrepresented (by the dealer) to consumers, with vehicle history providers being the hero by saving the customer from a bad purchase.  In addition to consumers, dealers spend a significant amount of money on vehicle history products at various touch points in the retail process, as do vehicle wholesalers, online classified sites, financial institutions and even insurance companies.
 
The financial impact of accident history reporting is no secret.  Major Collision on a CarFax report is typically a $2,500 deduction on the fair market value on a vehicle.  There is unquestionable proof that the vehicle owner has suffered significant financial loss even though they have repaired the vehicle!

The subject of diminution of value damages caused serious concern to the insurance industry because insurers believe their policies are clear and they are only required to pay the cost of repair.  There are websites dedicated to helping consumers understand what each states provision for diminished value and how they can potentially recover additional compensation from their insurance carrier.  For additional information please consult with your state Department of Insurance or contact us at 855 DMG MAX1.

www.zalma.com
www.diminishedvalueadvocate.com


Recent Posts


Tags

sell a damaged car damaged vehicle to sell problem truck Sell DamageMAX your wreck buy wrecked cars old car high mileage vehicle damaged cars post-crash value buy your car sell your damaged selling any vehicle sell junk cars tow charges cash for your wrecked vehicle CarbuyerUSA Sell your wreck replacement vehicle buyer of wrecked cars DamageMAX Difference check for your wreck reduction of resale value junk cars buy your vehicle immediate cash offer owner retained vehicle car into cash fix your car AAA auto insurance coverage buy the damaged vehicle Body shops wrecked truck sell the vehicle diminished value trends buys wrecked cars flood vehicles sell car parts accident with no insurance how to sell a damaged car CarBUYERUSA.com storage or tow yard wrecked vehicles value of your vehicle industry insider junk broken vehicle free quote Selling your wrecked vehicle auto body collision repair selling their wrecked cars vehicle's value wrecker services buy vehicles repair providers D.J. Branded title vehicles sell your vehicle trade in sell your Honda trade-in repair bills wrecked your car sell the wrecked vehicle sell vehicles Top Dollar car parts for cash buy any wrecked vehicle selling flood damaged vehicles repair your vehicle title processing procedures CarFax Reports Damaged Car wrecked car experts buy damaged vehicles E15 engine damaged vehicle negative carfax reports recycle sell your wrecked car sell your Honda for Top Dollar Call DamageMAX now! buy your car for cash cash offer on any damaged vehicle fix the vehicle repairing the vehicle settlement check average tow & storage bill wrecked car Honda repairing the wrecked car selling a wrecked car cash out of your wrecked vehicle sell your vehicle as-is repair orders we buy any car Dr. Harrington buyer of damaged vehicles sold broken vehicles salvage value selling flood damaged cars buy your wrecked vehicle cash only car buyer damaged by collision problem vehicle vehicle for trade-in selling a vehicle value for your Damaged vehicle free price quote sell junk car car parts wreck vehicle wrecked Maximum Value for damaged vehicle legal for less how much it costs trade-in value retained by the owner car parts and components buy any car repairing your wrecked car damaged vehicle purchases 12% in diminished value money for damaged vehicles damaged vehicle replacement vehicle values cash offer salvage title vehicle wrecked vehicle, problem vehicles administrative fees DamageMAX sell a wrecked vehicle selling totaled vehicles We buy damaged vehicles sell online value leaking fluids buy salvage title vehicles damaged vehicles sell your wrecked car online car is not totalled damaged vehicle flood damaged cars repair your car wrecked your vehicle car for sale cash for the car selling a damaged car wreck your car car buying business repair an old or worn out vehicle Sell your car FAST selling a damaged vehicle buys any car Donate Your Wrecked Vehicle sell your old car vehicle for cash fast collision repair buy damaged cars selling your damaged vehicle damaged vehicle world cars for cash repair a vehicle sell damaged vehicles buy a broken vehicle We Total Any Car selling their damaged car car for top dollar Chicago insurance company collision repairs repairs repair the wrecked car sell your damaged vehicle damaged vehicle for cash value of the vehicle wreck your vehicle repair check CarFax CAR-Diologist sell to damageMAX call DamageMAX un-repaired collision top dollar for your damaged vehicle repair the vehicle sell your high mileage vehicle old junker wrecked vehicle sell trade DJ Harrington pre-cash value vehicle value car is wrecked retail value cash out insurance check repairing the car selling your wrecked car Sell your wrecked vehicle Used vehicle values owner retained trade their damaged car diminished value inoperable cars used vehicle wrecked auto car accident with no insurance buys your wreck cash for your vehicle High mileage vehicles repair your wrecked vehicle Problem vehicles sell a car sell the car Diminished Vehicle Value Clean-Break TIP buying a used car Inoperable vehicles liability only sell damaged cars Collision damaged vehicles buy your wrecked car buys any wrecked car buy your wreck repaired car's value Dr Harrington consumer awareness sell your car sell it online car buyers towing company DamageMAX.com buy a car Trade-in Program

Archive



    GET A MORE PRECISE OFFER

    Does your car have body damage ?

    Number of airbags blown?

    Do you have a collision estimate?

    What is your insurance deductible?

    Is your car drivable?

    Do you have the car’s title?

    Does the vehicle have a salvage or rebuilt title?

    Does the vehicle motor run?

    YOUR CASH OFFER!

    CASH OFFER FOR YOUR
    DAMAGED VEHICLE

    $
    Fair market value prior to accident $


    Sell my damaged vehicle
    Check for my vehicle AS-IS

    This represents a cash offer for the vehicle as described by the seller.

    $
    Net Repair Check

    Proceeds for repairs that can be used for purchasing a replacement vehicle.

    $
    Deductible Payment

    Amount you save if you sell the car now

    $
    Cash Toward a New Vehicle
    $
    Out of Pocket Expenses
    ($0)