Inherent Diminished Value

Appraise Inherent Diminished Value: How-to

The perceived value a vehicle has prior to and post collision are two different and unique values. Even if a vehicle hasn’t suffered major damages, the knowledge and skilled eye of a prospective buyer will always devalue a vehicle compared to an unaltered automobile that was not compromised and still remains intact the way the factory produced it. A party buying a vehicle will never opt to pay the same amount of money if they have a selection of two vehicles of similar year, make, model and miles but one was in a previous accident and the other was never impacted. The accident vehicle will most always be sold at a discount because of its inherent diminished value.

Today’s technology allows for most all buyers to research a vehicle’s history with such companies as Car-fax and Auto-check defining exact dates, history and other pertinent information that can harmfully stigmatize a vehicle’s resale value with a simple comment regarding a prior collision. Most dealer’s today are making their clients sign-off the auto history reports insuring they are not penalized in the future for selling these blemished vehicles. That’s why getting a real diminished value auto appraisal is essential in knowing how much this history will reduce the price of your car. Learn how to understand why your vehicle will not bring the same money in a potential sale than if it was never in a previous collision. We can take you through our step by step process of what your vehicle’s worth was prior to and immediately after its loss.