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.


Recent Posts


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



    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?



    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