AUTO DIMINISHED VALUE prepares its automobile diminished value reports based on our appraisal supported by six new car dealers’ unbiased opinions of how much value your car has lost because it was repaired after a collision. It has always been known that used-car buyers in New York favor purchasing previously undamaged cars to repaired ones – even if repairs were perfectly done. But until CARFAX came along it was virtually impossible to know one from the other. Now that repaired vehicles can be easily identified by having the dealer order a CARFAX report, these cars and the stigma of their being previously repaired eroded their trade-in values, sometimes considerably. This type of loss is known as “inherent diminished value.” Inherent diminished value, as many people know, simply means that, as a result of previous repairs to a motor vehicle and the resultant bad CARFAX report, the vehicle is worth less than a similar vehicle that was never involved in a collision. The first step toward recovering that lost value is hiring a licensed independent appraiser specializing in automobile diminished value reports.
Do you need us to physically inspect the car? For INHERENT DIMINISHED VALUE claims, a physical inspection of the repaired car is unnecessary and only serves to line the appraiser’s pocket as you will be charged more for this service. The car is fixed. Repairs were satisfactorily done. There’s nothing to see. Let’s move on to why your car is worth less – because it now has a repair history. In the case of REPAIR-RELATED diminished value claims, which is a loss of value because of shoddy repairs we will send an appraiser because a physical inspection is, indeed, necessary. Your claim, as well as 99% of diminished value claims, represents INHERENT DIMINISHED VALUE which is the loss of value because the vehicle now has a repair history or bad Carfax.
The automobile diminished value report you receive from AUTO DIMINISHED VALUE is based entirely on our estimation and the opinions of six used car managers at automobile dealerships in New York. By making a claim against the insurance company of the responsible driver, consumers should be able to recoup every dollar lost in value by submitting an Automobile Diminished Value Appraisal to the insurance adjuster.
IMPORTANT NOTE: Cases such as Johnson v. Scholz affirm that case law has consistently held that “the measure of damages for injury to property resulting from negligence is the difference in the market value immediately before and immediately after the accident, or the reasonable cost of repairs necessary to restore it to its former condition, whichever is less.” This means a plaintiff can be made whole under one standard or the other and not both as sought by a claimant. Yet, even though it would seem that defendants had no obligation to compensate claimants for third-party inherent diminished value claims, insurance companies throughout The State of New York make settlements for these claims every day.
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. Tesla and other exotic car owners please call for rates.
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