Expert California Diminished Value Appraiser

Auto Appraisers Help Win Diminished Value Cases

If you’ve been in an accident and it was not your fault, you should consider hiring a California diminished value appraiser. Filing a DV claim should be a priority, and having an accurate appraisal is important. Why? Because being in an accident automatically reduces a vehicle’s market value significantly. High value vehicles can see their value drop thousands of dollars.

The first step to recovering the difference between the pre-accident and post-accident market value of your vehicle should be filing a DV claim and finding an expert appraiser. A watertight diminished value report from an expert is hard for an insurance company to ignore.

Why Is Filing a Diminished Value Claim Important?

Given a choice between two vehicles of similar year, make, model and mileage with the exception that one was in a previous accident, a buyer will never opt to pay the same amount of money for the one that had been wrecked. A car or truck with an accident in its vehicle history report vehicle will most always be sold at a discount because of its inherent diminished value.

Today’s technology allows most buyers the ability to research a vehicle’s history with such companies as Car-fax and Auto-check. Any damage a vehicle has ever sustained must be included in its history, no matter the quality of the repair job. This information inevitably stigmatizes a vehicle’s resale value. Most dealers today make their clients sign-off on the auto history report to insure that they are not penalized in the future for selling blemished vehicles.

An expert DV appraiser has the tools and knowledge to make a thorough DV report that you can use to prove the value of your car to a potential buyer, insurance company, or other pertinent party. Trying to save money by calculating DV yourself or trusting a cheap online appraiser can lead to an inaccurate report and financial disappointment.

We can take you through our step by step process to help you understand the diminished value of your vehicle.

 

Mechanic working on a gray ferrari prior to diminished value appraisal
Mauro D Andrea

Repair-Related Diminished Value

The term “inherent diminished value” assumes that repairs are done well. Repair-related diminished value is a different matter. This term is used for vehicles that have had less than standard repairs. Referred to in the auction arena as substandard” repair, this devalues the repaired vehicle, and the loss is in addition to any other diminished value it has suffered. Repair-related diminished value is usually dealt with in the automotive repair facility.

The shop performing the inferior work must make good on the improper repairs within a pre-determined time frame. Getting an inspection post-repair is a good way to identify improper work, such as; misaligned panels, orange peel, sandpaper marks, paint swirls, mismatched paint work, over-spray and many other indications of substandard work. Having a trained professional automotive appraiser is essential in getting the quality you deserve in a post-collision repair.

For vehicles involved in accidents, hiring a qualified appraiser is your best bet. Someone who understands the type of car, the points of sale, the major sales outlets, the specific tools used in assessing the damage, the extent of damage and its, potential to negatively impact sale price can help you receive diminished value.

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