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

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

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)