THE ST. LUCIE APPRAISAL COMPANY
AUTOMOBILE, PERSONAL PROPERTY AND DIMINISHED VALUE APPRAISER IN ALL 50 STATES 772-359-4300
Each week we report on the most interesting and informative articles concerning auto diminished value claims. A diminished value appraisal of a Dodge Challenger R/T Plus Shaker Coupe with 18,283 miles that was involved in a right side collision that caused $5,538.20 in damage. The vehicle was not disabled/towed, had no structural damage and 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 car 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 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
We learned from these examples from sales managers at Dodge dealerships in Ohio- One dealer said if the car was repaired and looks great and there is no further or extensive damage on the Carfax we would not see much of a loss – around 10-15% typically. Another dealer explained as long as there was no airbag deployment or frame damage then you may take a loss of around 4K.
The opinions of six unbiased professional sales managers at recognized new car dealerships 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 The St. Lucie Appraisal Company. This is what the car owner will experience in the real world.
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 Porsche dealers in Ohio 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.
Description of damage: Non-disabling collision damages to the right side not including damage to structural components and no air bag deployment. Repair cost $5,538.20. 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 11.60%. This is the percentage of Diminished Value to be taken from the FMV at the time of loss.
We established that the above captioned vehicle had a Fair Market Value (Average Trade-In Value) of approximately $32,500.00 at the time of loss. The Diminished Value was $3,770.00
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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@autodiminishedvalue.com TESLA AND OTHER EXOTIC CAR OWNERS PLEASE CALL FOR RATES.
Service in Akron, Cincinnati, Cleveland, Columbus, Cuyahoga Falls, Dayton, Dublin, Elyria, Euclid, Fairfield, Findlay, Kettering, Lorain, Mentor, Newark, Parma, Springfield, Toledo, Warren, Youngstown and throughout Ohio.
Adams, Allen, Ashland, Ashtabula, Athens, Auglaize, Belmont, Brown, Butler, Carroll, Champaign, Clark, Clermont, Clinton, Columbiana, Coshocton, Crawford, Cuyahoga, Darke, Defiance, Delaware, Erie, Fairfield, Fayette, Franklin, Fulton, Gallia, Geauga, Greene, Guernsey, Hamilton, Hancock, Hardin, Harrison, Henry, Highland, Hocking, Holmes, Huron, Jackson, Jefferson, Knox, Lake, Lawrence, Licking, Logan, Lorain, Lucas, Madison, Mahoning, Marion, Medina, Meigs, Mercer, Miami, Monroe, Montgomery, Morgan, Morrow, Muskingum, Noble, Ottawa, Paulding, Perry, Pickaway, Pike, Portage, Preble, Putnam, Richland, Ross, Sandusky, Scioto, Seneca, Shelby, Stark, Summit, Trumbull, Tuscarawas, Union, Van Wert, Vinton, Warren, Washington, Wayne, Williams, Wood and Wyandot Counties. auto appraiser near 42123, auto appraiser near 43026, auto appraiser near 43068, auto appraiser near 43081, auto appraiser near 43207, auto appraiser near 43228, auto appraiser near 43229, auto appraiser near 43230, auto appraiser near 43232
This is an Open Education resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.AUTODIMINISHEDVALUE.COM and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company
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ATLANTA, Georgia – In Georgia, we have appraised almost every type of antique, classic and custom car. In addition, exotic cars such as Ferrari, Bentley and Tesla are here in abundance. When it comes time to appraise the value of your automobile, RV, motorcycle or heavy equipment for insurance, financing, diminished value or a charitable donation to a non-profit for a tax-deduction, The St. Lucie Appraisal Company is the company you want to call. Our experience appraising all types of motor vehicles provides car owners with the advantage of hiring someone who knows just how valuable old, well-kept cars can be. In addition, we keep an extensive library of past automotive sales that other appraisers can not match. We are a Georgia antique car appraiser you can count on.
Many companies providing financing or insurance for autos, trucks and heavy equipment have strict requirements regarding the appraisal of vehicles. A bank or credit union lending money toward the purchase of an antique car, dump truck or over the road tractor will ask for an inspection by a licensed appraiser before committing funds toward the purchase. Likewise, insurance underwriters look for documentation before providing coverage. Bankruptcies and loan defaults among owner-operators of trucks and construction equipment make lenders and insurers extremely selective about who they do business with. The St. Lucie Appraisal Company is a company that banks and insurers choose to provide valuation services.
Selecting a company to perform a car or truck appraisal is typically the job of the prospective buyer or policyholder. As absurd as it sounds, the typical commercial lender or insurance broker is clueless when it comes to finding a licensed independent appraiser. Often the vehicle owner is asked to locate an independent appraiser because banking and insurance managers don’t possess Rolodexes any more. When lenders or brokers do hire us, it is often as a result of a Google search. What the vehicle owner should know, however, is that once the appraisal is given to the bank or insurer, representatives from those institutions will then perform their due diligence and query the appraiser as to how he obtained his valuation figures.
After making certain that the independent appraiser is properly licensed, investigate for yourself their expertise and any reviews from past clients. When their appraisal is placed under the microscope of the insurer or lender, if their answers don’t meet the bank’s or insurance company’s criteria, you have wasted your money on a worthless document.
Call The St. Lucie Appraisal Company when only the best and most knowledgeable appraiser will do. Our service area includes Georgia as well as all 50 states Our appraisals are sought after for insurance, financing, donations for tax-deductions, diminished value, bankruptcies, divorces, insurance claim disputes, purchase & sales and estate dissolutions.
Please eMail photographs and other vehicle information to Email: contact@stlucieappraisal.net
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Services available in Albany, Alpharetta, Athens, Atlanta, Augusta, Columbus, Johns Creek, Macon, Marietta, Roswell, Sandy Springs, Savannah, Smyrna, Valdosta, Warner-Robins and throughout Georgia.