Bakersfield Auto Diminished Value Appraiser: McLaren 570GT Case Study
The St. Lucie Appraisal Company provides independent diminished value appraisals for luxury and exotic vehicle owners in Bakersfield and throughout California. Our licensed appraisers serve all ZIP Codes and counties listed below. Each week we report on actual cases to help claimants understand how much market value their vehicles lose after an accident.
This case study details a diminished value appraisal of a McLaren 570GT 2 Door Coupe with 4,500 miles that was involved in a right-side collision that caused $12,961.30 in damage. The vehicle was disabled and towed from the scene, but it sustained no structural damage and had no air bag deployment. The claimant hired an independent auto appraiser and made a third-party inherent auto diminished value claim for the vehicle’s loss in value.
Once a car is repaired after a collision, it is worth less, often much less depending on the severity of the damage. Regardless of how well the repairer did his job, nobody will pay as much for a previously wrecked McLaren as they would for an identical one that was never in an accident. Presenting a diminished value claim and following it through to a satisfactory conclusion is a daunting task for the average person. Obtaining a comprehensive Diminished Value Report from a licensed California auto adjuster is key.
WE DON’T USE FORMULAS, ALGORITHMS, AD COMPARISONS OR OTHER SHORT CUTS
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE
California McLaren Dealer Market Intelligence
We learned from these examples from sales managers at McLaren dealerships in California and surrounding areas. One dealer asked for the color of the car and said the repair history would devalue the car by about $45,000.00. Another dealer explained that a discriminating McLaren buyer would tend to shy away from this car altogether.
The opinions of six unbiased professional sales managers at recognized McLaren dealerships in California and vicinity form the basis for the most comprehensive Auto Diminished Value Appraisal available. We obtain six of them to validate the diminished value report prepared by AUTODIMINISHEDVALUE.COM. This is what the car owner will experience in the real world.
Real-World Valuation & Appraisal Methodology
The six dealers providing opinions regarding diminished value were given information specific to this vehicle including year, make, model, mileage, pre-accident condition, color, options, any other pertinent equipment, date of loss as well as the nature of the repaired damages and the manner in which the vehicle was repaired. Dealer opinions are based on personal knowledge and access to auction results. Dealers were advised that this vehicle was properly repaired.
We contacted several McLaren dealers in California and vicinity to establish how these repairs and the resultant repair history would impact this vehicle’s Fair Market Value (FMV). Dealers were provided with an evaluation of the vehicle’s condition both prior and subsequent to repairs.
CALIFORNIA LICENSED INDEPENDENT AUTO APPRAISER
Description of damage: Disabling collision damages to the right side with no damage to structural components and no air bag deployment. Repair cost $12,961.30. LKQ (used) and/or aftermarket parts were not utilized in the repair/not factored in to the diminished value.
The average of six (6) deductions was 21.10%. This is the percentage of Diminished Value to be taken from the FMV at the time of loss.
Final Settlement Breakdown: We established that the above captioned vehicle had a Fair Market Value (Average Trade-In Value) of approximately $170,000.00 at the time of loss. The Diminished Value was $35,870.00
California Exotic Auto Diminished Value Q&A
What is inherent diminished value for exotic cars like a McLaren?
Inherent diminished value represents the automatic loss in resale market value that occurs simply because an exotic vehicle now has an accident history on record (such as Carfax or AutoCheck). Even if a certified facility completes repairs to flawless factory standards, high-end buyers pay a premium for flawless histories and will demand steep discounts for a supercar with a prior accident record.
Can I make a third-party diminished value claim if the vehicle had no structural damage?
Yes. As this McLaren case study shows, even with no structural component damage or air bag deployment, the retail supercar market heavily penalizes right-side body and mechanical repairs. Buyers looking at premium assets like a McLaren 570GT will walk away or seek massive price concessions, making a Diminished Value Report essential for recovering your true financial equity loss.
Why are dealer quotes better than automated algorithms for exotic car claims?
Insurance company algorithms and automated calculators completely fail for supercars because they rely on generic, mass-market depreciation models. Exotic car buyers are highly discriminating, and market dynamics change based on color, options, and localized scarcity. Our methodology utilizes real-world dealer interrogatories with actual brand sales managers to provide accurate proof that stands up to defense adjusters.
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Click on the payment button above to pay by Credit Card or Paypal. The fee for an Automobile Diminished Value Report is $275.00. You may also make your Credit Card Payment by telephone, call 772-359-4300.
After making your secure payment please email the body shop estimate or insurance company appraisal to contact@stlucieappraisal.net
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Bakersfield Service Areas & ZIP Codes We Serve
93306, 93307, 93309, 93312, 93313
Comprehensive California Regional Coverage
Service in Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento, Long Beach, Oakland, Bakersfield, Anaheim, Santa Ana, Riverside, Stockton, Chula Vista, Irvine, Fremont, San Bernardino, Modesto, Oxnard, Fontana, Moreno Valley, Huntington Beach, Glendale, Santa Clarita, Garden Grove, Oceanside, Santa Rosa, Rancho Cucamonga, Ontario, Elk Grove, Lancaster, Corona, Palmdale, Salinas, Hayward, Pomona, Escondido, Sunnyvale, Torrance, Orange, Pasadena, Fullerton, Thousand Oaks, Visalia, Roseville, Simi Valley, Concord, Victorville, Santa Clara, Vallejo, Berkeley, El Monte, Downey, Costa Mesa, Inglewood, Carlsbad, Fairfield, Ventura, Richmond, Murrieta, Antioch, Temecula, Norwalk, Daly City, Burbank, Santa Maria, El Cajon, Rialto, San Mateo, Clovis, Jurupa Valley, Compton, Vista, Mission Viejo, South Gate, Vacaville, Carson, Santa Monica, Arden-Arcade, Hesperia, Westminster, Redding, Santa Barbara, San Marcos, Chico, San Leandro, Newport Beach, Whittier, Hawthorne, Citrus Heights, Livermore, Tracy, Alhambra, Indio, Menifee, Buena Park, Hemet, Lakewood, Merced, Chino, Redwood City, Lake Forest, Napa, Tustin, Mountain View, Bellflower, Baldwin Park, Alameda, Upland, San Ramon, Pleasanton and throughout California.
California Counties Served
Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Imperial, Inyo, Kern, Kings, Lake, Lassen, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Modoc, Mono, Monterey, Napa, Nevada, Orange, Placer, Plumas, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, Yolo and Yuba Counties. Independent auto appraiser near 93306, auto appraiser near 93307, auto appraiser near 93309, auto appraiser near 93312, auto appraiser near 93313.
