Tesla Model S90D Diminished Value Claim in Buffalo, New York
The St. Lucie Appraisal Company provides independent diminished value appraisals for vehicle owners in Buffalo, Erie County, and throughout New York State. Our licensed appraisers serve all ZIP Codes listed below and assist vehicle owners pursuing diminished value claims after collision repairs.
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
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Tesla Model S90D Diminished Value Case Study
This diminished value appraisal involved a Tesla Model S90D AWD Sedan with only 2,847 miles. The vehicle was involved in a front-end collision in November 2017 resulting in repair costs totaling $10,858.27.
The vehicle was disabled and towed from the accident scene. Although the vehicle sustained significant repairable damage, no structural damage occurred and no airbag deployment was reported.
Following repairs, the owner pursued a third-party inherent diminished value claim to recover compensation for the loss in market value resulting from the accident history.
Why Repaired Vehicles Lose Value
Once a vehicle has been involved in a collision and repaired, it typically suffers a measurable reduction in market value. Even when repairs are performed to the highest standards, prospective buyers often discount vehicles with accident histories.
Vehicle history reports such as CARFAX and AutoCheck permanently disclose prior collision repairs. Buyers of luxury and electric vehicles are particularly sensitive to accident history and frequently expect substantial discounts when purchasing a previously damaged vehicle.
Dealer Research Conducted in Upstate New York
The St. Lucie Appraisal Company contacted multiple luxury and specialty vehicle dealers throughout Upstate New York to determine how the documented repair history would affect the vehicle’s fair market value.
Each dealer was provided detailed information including:
- Year, make and model
- Vehicle mileage
- Vehicle options and equipment
- Date of loss
- Nature and extent of repairs
- Vehicle condition before and after repairs
- Confirmation that repairs were properly completed
Dealers based their opinions on real-world sales experience, current market conditions, trade-in activity and auction data.
What Dealers Told Us
Sales managers at luxury vehicle dealerships consistently advised that buyers spending substantial sums on premium vehicles prefer clean vehicle history reports and generally avoid vehicles with significant accident histories unless offered at a discount.
One dealer explained that luxury vehicles frequently suffer greater diminished value losses than economy vehicles because buyers in this market segment are especially concerned about prior damage.
Another dealer noted that a Tesla would typically experience a larger diminished value loss than an entry-level vehicle because of its higher value and more demanding buyer profile.
Diminished Value Calculation
The average reduction reported by six independent dealers was 15.56%.
At the time of loss, the Tesla Model S90D had an estimated Fair Market Value (Average Trade-In Value) of approximately:
$75,000.00
Applying the dealer-supported diminished value percentage resulted in a diminished value loss of:
$11,670.00
This figure represents the reduction in value attributable solely to the vehicle’s accident history after repairs were completed.
Our Methodology
Unlike formula-driven diminished value reports, our appraisals rely on six independent dealer opinions to validate market research and establish how real buyers and dealers respond to repaired vehicles.
The opinions of unbiased automotive professionals form the basis for one of the most comprehensive diminished value appraisal methodologies available.
Need a Diminished Value Appraisal?
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The fee for a standard Automobile Diminished Value Report is $275.00.
Tesla, exotic, luxury and specialty vehicle owners should call for current pricing.
Phone: 772-359-4300
Before making payment, please email your body shop estimate or insurance company damage appraisal to:
ZIP Codes We Serve
14075 • 14150 • 14215 • 14224 • 14225
Service Areas Throughout New York
The St. Lucie Appraisal Company provides diminished value appraisal services in Buffalo, Amherst, Babylon, Brookhaven, Brooklyn, Bronx, Cheektowaga, Clarkstown, Colonie, Greece, Greenburgh, Hamburg, Hempstead, Huntington, Irondequoit, Islip, Manhattan, North Hempstead, New York City, Orangetown, Oyster Bay, Poughkeepsie, Queens, Ramapo, Rye, Smithtown, Staten Island, Tonawanda, Union, Webster, West Seneca, White Plains and communities throughout New York State.
We also serve vehicle owners throughout Albany, Allegany, Bronx, Broome, Cattaraugus, Cayuga, Chautauqua, Chemung, Chenango, Clinton, Columbia, Cortland, Delaware, Dutchess, Erie, Essex, Franklin, Fulton, Genesee, Greene, Hamilton, Herkimer, Jefferson, Kings, Lewis, Livingston, Madison, Monroe, Montgomery, Nassau, New York, Niagara, Oneida, Onondaga, Ontario, Orange, Orleans, Oswego, Otsego, Putnam, Queens, Rensselaer, Richmond, Rockland, St. Lawrence, Saratoga, Schenectady, Schoharie, Schuyler, Seneca, Steuben, Suffolk, Sullivan, Tioga, Tompkins, Ulster, Warren, Washington, Wayne, Westchester, Wyoming and Yates Counties.