Tesla S90D Diminished Value Claim – Brooklyn, New York Case Study
Regarding our diminished value appraisal of a Tesla Motors S90D with 2,847 miles that was involved in a front-end collision causing $10,858.27 in damage.
The vehicle was disabled and towed, but had no structural damage or airbag deployment.
The claimant hired an independent auto appraiser near Brooklyn and filed a third-party inherent diminished value claim for the vehicle’s loss in market value.
Once a vehicle is repaired after a collision, it typically loses market value regardless of repair quality. Even when fully restored, a previously damaged vehicle is worth less than an identical vehicle with a clean history.
Presenting a diminished value claim and achieving a fair settlement can be challenging for most vehicle owners. A comprehensive diminished value report is essential.
Tesla Diminished Value Market Insight
We learned from real-world dealer feedback that vehicle brand and market position significantly influence diminished value.
Higher-value vehicles such as Tesla models generally experience higher absolute loss compared to lower-value vehicles such as economy cars, due to stronger buyer expectations and resale sensitivity.
In many cases, buyers spending this level of money on a Tesla expect a clean Carfax history and may require a discount when accident history is present.
The opinions of independent experts form the basis for a comprehensive Auto Diminished Value Appraisal. We obtain six dealer opinions to ensure the appraisal reflects real-world market conditions experienced by vehicle owners.
Dealers providing opinions were given detailed information including year, make, model, mileage, color, options, date of loss, and full repair documentation.
All dealer opinions are based on market knowledge and auction experience, and were informed that the vehicle was properly repaired.
Vehicle Damage Details
Description of damage: Front-end collision damage excluding structural components and without airbag deployment.
Repair cost: $10,858.27. LKQ (used) and/or aftermarket parts were not used or factored into the diminished value calculation.
The average of six dealer deductions was 15.56%, representing the estimated diminished value percentage applied to the vehicle’s fair market value at the time of loss.
The vehicle’s estimated fair market value at the time of loss was approximately $75,000.00, resulting in a calculated diminished value of $11,670.00.
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The fee for an Automobile Diminished Value Report is $275.00.
Tesla and exotic vehicle owners please call for rates. Phone: 772-359-4300.
After payment, email the completed body shop estimate or insurance appraisal to
contact@stlucieappraisal.net
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