Diminished Value Appraisal in Baltimore & Maryland
The St. Lucie Appraisal Company provides independent diminished value appraisals for vehicle owners in Baltimore and throughout Maryland. Our licensed appraisers serve all ZIP codes across the state.
OUR COMPANY VALIDATES OUR DIMINISHED VALUE RESEARCH BY SPEAKING TO THE SALES MANAGERS AT SIX NEW CAR DEALERSHIPS IN MARYLAND. THIS SUPPORTS OUR EXPERT OPINIONS, PROVIDING PROBATIVE EVIDENCE TO STRENGTHEN YOUR INSURANCE CLAIM OR COURT CASE.
Chevrolet Malibu LT Sedan Diminished Value Case Study – Baltimore, Maryland
This case details the diminished value appraisal of a Chevrolet Malibu LT Sedan with 21,383 miles involved in a left rear collision that caused $2,913.35 in damage. The vehicle was not disabled or towed and had no structural damage or airbag deployment.
The claimant hired an independent auto appraiser and filed a third-party inherent 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 car as they would for an identical one that was never in an accident. Obtaining a comprehensive Diminished Value Report is key.
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE
Real-World Chevrolet Dealer Feedback in Maryland
We consulted sales managers at Chevrolet dealerships in Maryland. Their market insights included:
- Dealers noted that vehicles with an accident report typically lose about 10% of their value.
- Another explained that 10% off fair market value is common for minor accidents, but the loss can reach 15% depending on how the accident was reported and whether the frame was compromised.
The opinions of six unbiased professional sales managers form the basis for our comprehensive diminished value appraisals. This reflects what Baltimore and Maryland car owners will realistically experience in the market.
Damage Summary & Results
Description of damage: Non-disabling left rear collision with no structural damage and no airbag deployment. Repair cost: $2,913.35. LKQ (used) and/or aftermarket parts were utilized but not factored into the diminished value calculation.
Average of Six Dealer Deductions: 14.05%
Pre-Loss Fair Market Value (Average Trade-In): $17,500.00
Calculated Diminished Value: $2,458.75
Payment & Reviews
READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY
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 pay by phone: call 772-359-4300.
Tesla and other exotic car owners — please call for rates.
Before making your secure payment please email the body shop estimate or insurance company appraisal to
contact@stlucieappraisal.net
ZIP Codes We Serve in Baltimore, Maryland
20906, 21117, 21215, 21222, 21234 and surrounding Baltimore area ZIP codes.
Service Throughout Maryland
Service in: Baltimore, Bowie, Frederick, Gaithersburg, Hagerstown, Rockville and throughout Maryland.
Counties Served: Allegany, Anne Arundel, Baltimore, Calvert, Caroline, Carroll, Cecil, Charles, Dorchester, Frederick, Garrett, Harford, Howard, Kent, Montgomery, Prince George’s, Queen Anne’s, Saint Mary’s, Somerset, Talbot, Washington, Wicomico, Worcester and all additional counties.
This is an Open Education Resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.
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