Tag: diminished value claim

A Diminished Value Claim on a Lexus in Pembroke Pines, Florida

December 25, 2025December 25, 2025 by stlucieappraisal

St. Lucie Automobile and Diminished Value Appraiser

The St. Lucie Appraisal Company provides independent diminished value appraisals for vehicle owners in Pembroke Pines and throughout Florida. Our licensed appraisers serve all ZIP Codes listed below.

A diminished value appraisal of a Lexus RX450h AWD SUV with 1,542 miles that was involved in a Rear-end collision that caused $12,308.85 in damage. The vehicle was not disabled/towed, had 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 Lexus dealerships in South Florida- One dealer said that with the car being somewhat new and it already having a bad Carfax he would not be able to offer full amount, unfortunately this is a pretty significant amount of damage and would normally take a minimum of 30% and could be much more. Another dealer explained that the car could lose 35% and go as high as 50% of its trade-in value depending on dealer, the Carfax and what is listed on it and normally with this amount of damage on top of frame damage you may be looking at that higher amount.

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.

FLORIDA ADJUSTERS LICENSE — FLORIDA LICENSEDINDEPENDENT ADJUSTER

We contacted several Lexus dealers in South Florida 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 Rear including damage to structural components and no air bag deployment. Repair cost $12,308.85. 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 37.92%. 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 $45,000.00 at the time of loss. The Diminished Value was $17,064.00

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ZIP Codes We Serve

33033, 33024, 33025, 33027, 33063, 33064, 33065, 33311, 33312, 33313

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.

Before 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 Altamonte Springs, Boca Raton, Boynton Beach, Bradenton, Cape Coral, Clearwater, Coconut Creek, Coral Springs, Davie, Daytona Beach, Delray Beach, Deltona, Fort Lauderdale, Fort Pierce, Gainesville, Hialeah, Hollywood, Homestead, Jacksonville, Jupiter, Kissimmee, Lakeland, Largo, Lauderhill, Margate, Melbourne, Miami, Miami Beach, Miami Gardens, Miramar, North Port, Ocala, Orlando, Palm Bay, Pembroke Pines, Pensacola, Plantation, Pompano Beach, Port Orange, Port St. Lucie, St. Petersburg, Sanford, Stuart, Sunrise, Tallahassee, Tamarac, Tampa, Vero Beach, Wellington, Weston and throughout Florida.

Alachua, Baker, Bay ,Bradford, Brevard, Broward, Calhoun, Charlotte, Citrus, Clay, Collier, Columbia, De Soto, Dixie, Duval, Escambia, Flagler, Franklin, Gadsden, Gilchrist, Glades, Gulf, Hamilton, Hardee, Hendry, Hernando, Highlands, Hillsborough, Holmes, Indian River, Jackson, Jefferson, Lafayette, Lake, Lee, Leon, Levy, Liberty, Madison, Manatee, Marion, Martin, Miami-Dade, Monroe, Nassau, Okaloosa, Okeechobee, Orange, Osceola, Palm Beach, Pasco, Pinellas, Polk, Putnam, St. Johns, St. Lucie, Santa Rosa, Sarasota, Seminole, Sumter, Suwannee, Taylor, Union, Volusia, Wakulla, Walton and Washington Counties. auto appraiser near 33023, auto appraiser near 33024, auto appraiser near 33025, auto appraiser near 33027, auto appraiser near 33063, auto appraiser near 33064, auto appraiser near 33065, auto appraiser near 33311, auto appraiser near 33312, auto appraiser near 33313

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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State-Licensed Auto Appraisers vs. Certified Auto Appraisers

August 20, 2025August 20, 2025 by stlucieappraisal

State-Licensed Auto Appraisers:

State-licensed auto appraisers are regulated by the state, and they are subject to a higher level of oversight and accountability. In most states, auto appraisers must undergo specific training, pass exams, and adhere to state laws and regulations. This process ensures that licensed appraisers have the proper qualifications and expertise to handle vehicle appraisals in a way that is legally sound and consistent with state guidelines.

Diminished Value Claim in Arlington, Texas

February 19, 2024 by stlucieappraisal

Automobile Diminished Value Appraiser in all 50 States

This article shows the diminished value appraisal of a Hyundai Genesis AWD Sedan with 37,899 miles that was involved in a Front end collision in Arlington, Texas that caused $2,436.07 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.

The unbiased opinions of six professional sales managers at recognized Hyundai dealerships form the basis for the most comprehensive Auto Diminished Value Appraisal available. We obtain several of them to validate the diminished value report prepared by stlucieappraisal.net/. This is what the car owner will experience in the real world.

LICENSED ADJUSTERS IN THE STATE OF TEXAS

We contacted several Hyundai dealers in Texas 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 Front with no damage to structural components and no air bag deployment. Repair cost $2,436.07. 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 10.42%. 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 $20,000.00 at the time of loss. The Diminished Value was $2,084.00

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QUESTIONS & ANSWERS ABOUT AUTOMOBILE DIMINISHED VALUE

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 Houston, San Antonio, Dallas, Austin, Fort Worth, El Paso, Arlington, Corpus Christi, Plano, Laredo, Lubbock, Garland, Irving, Amarillo, Grand Prairie, Brownsville, Pasadena, McKinney, Mesquite, Killeen, Frisco, McAllen, Waco, Carrollton, Midland, Denton, Abilene, Beaumont, Odessa, Round Rock, Wichita Falls, Richardson, Lewisville, The Woodlands, Tyler, Pearland, College Station, San Angelo, Allen, League City, Sugar Land, Longview, Mission, Edinburg, Bryan, Baytown, Pharr, Temple, Missouri City, Flower Mound and throughout Texas

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This is an Open Education Resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.stlucieappraisal.net/ and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company.
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A Diminished Value Claim in Travis County, Texas

February 19, 2024 by stlucieappraisal

Auto 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. This article details the diminished value appraisal of a Mercedes-Benz E300 RWD Sedan with 6,856 miles that was involved in a rear collision that caused $12,831.53 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 learned from these examples from sales managers at Mercedes-Benz dealerships in Texas – One dealer said that typically there is going to be a loss maybe around 10% – 20% because of the bad Carfax. Another dealer explained that the car is going to experience a diminished value of probably $5,000 – $6,000.

The unbiased opinions of six professional sales managers at recognized Mercedes-Benz dealerships form the basis for the most comprehensive Auto Diminished Value Appraisal available. We obtain several of them to validate the diminished value report prepared by stlucieappraisal.net/. This is what the car owner will experience in the real world.

We contacted several Mercedes-Benz dealers in Texas 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 rear with no damage to structural components and no air bag deployment. Repair cost $12,831.53. 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 14.77%. 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 $28,500.00 at the time of loss. The Diminished Value was $4,209.45

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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.

Diminished Value Claim in Oxnard, California

October 8, 2023 by stlucieappraisal

Each week we report on the most interesting and informative articles concerning auto diminished value claims. This article details the diminished value appraisal of an Audi Q7 Premium Plus AWD Sedan with 41,260 miles that was involved in a rear collision in Oxnard, California that caused $19,347.47 in damage. The vehicle was 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 from a California licensed auto appraiser 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 Audi dealerships in Southern California – One dealer said after looking at the Carfax with all things considered they would be looking at $10,000 less in trade. Another dealer said It’s unfortunate that they wouldn’t get a good trade with a bad Carfax. They may as well take it to a mom and pop shop in my opinion they are looking at losing 20% of the trade-in value or more.

The opinions of six unbiased professional sales managers at recognized Audi 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 stlucieappraisal.net/. 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 Audi dealers in Southern California 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: Disabling collision damages to the rear with no damage to structural components and no air bag deployment. Repair cost $19,347.47. 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 23.33%. 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 $30,000.00 at the time of loss. The Diminished Value was $6,999.00

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QUESTIONS & ANSWERS ABOUT AUTOMOBILE DIMINISHED VALUE

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 Los Angeles, San Diego, San Jose, San Francisco, Fresno, Sacramento, Long Beach, Oakland, Bakersfield, Anaheim, Santa Ana, Riverside, Stockton, Chula Vista, Irvine, Fremont, San Bernardino, Modesto, Oxnard, Fontana, Moreno Valley, Huntington Beach, Glendale, Santa Clarita, Garden Grove, Oceanside, Santa Rosa, Rancho Cucamonga, Ontario, Elk Grove, Lancaster, Corona, Palmdale, Salinas, Hayward, Pomona, Escondido, Sunnyvale, Torrance, Orange, Pasadena, Fullerton, Thousand Oaks, Visalia, Roseville, Simi Valley, Concord, Victorville, Santa Clara, Vallejo, Berkeley, El Monte, Downey, Costa Mesa, Inglewood, Carlsbad, Fairfield, Ventura, Richmond, Murrieta, Antioch, Temecula, Norwalk, Daly City, Burbank, Santa Maria, El Cajon, Rialto, San Mateo, Clovis, Jurupa Valley, Compton, Vista, Mission Viejo, South Gate, Vacaville, Carson, Santa Monica, Arden-Arcade, Hesperia, Westminster, Redding, Santa Barbara, San Marcos, Chico, San Leandro, Newport Beach, Whittier, Hawthorne, Citrus Heights, Livermore, Tracy, Alhambra, Indio, Menifee, Buena Park, Hemet, Lakewood, Merced, Chino, Redwood City, Lake Forest, Napa, Tustin, Mountain View, Bellflower, Baldwin Park, Alameda, Upland, San Ramon, Pleasanton and throughout California.auto appraiser near 93030, auto appraiser near 93033

Alameda, Alpine, Amador, Butte, Calaveras, Colusa, Contra Costa, Del Norte, El Dorado, Fresno, Glenn, Humboldt, Imperial, Inyo, Kern, Kings, Lake, Lassen, Los Angeles, Madera, Marin, Mariposa, Mendocino, Merced, Modoc, Mono, Monterey, Napa, Nevada, Orange, Placer, Plumas, Riverside, Sacramento, San Benito, San Bernardino, San Diego, San Francisco, San Joaquin, San Luis Obispo, San Mateo, Santa Barbara, Santa Clara, Santa Cruz, Shasta, Sierra, Siskiyou, Solano, Sonoma, Stanislaus, Sutter, Tehama, Trinity, Tulare, Tuolumne, Ventura, Yolo and Yuba Counties

This is an Open Education Resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.

stlucieappraisal.net/ and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company.

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A Diminished Value Claim in Miami-Dade County, Florida

October 8, 2023 by stlucieappraisal

Each week we report on the most interesting and informative articles concerning auto diminished value claims. This article details the diminished value appraisal of a Lexus LX570 AWD SUV with 950 miles that was involved in a rear-end collision in Miami-Dade County, Florida that caused $2,136.94 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 from a Licensed Florida Independent Adjuster is key.

We learned from these examples from sales managers at Lexus dealerships in South Florida- One dealer said they will definitely take a hit anywhere between 5% – 10%. It cannot be certified because of the Carfax but it still has the factory warranty on it so it won’t be too bad. Another dealer explained that the Lexus holds it value very well. With this repair history you’re looking at $20,000.00 less than the trade-in value of $82,000.00.

The unbiased opinions of six professional sales managers at Lexus dealerships form the basis for the most comprehensive Auto Diminished Value Appraisal available. We obtain several of them to validate the diminished value report prepared by stlucieappraisal.net/. This is what the car owner will experience in the real world.

We contacted several Lexus dealers in South Florida 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 rear with no damage to structural components and no air bag deployment. Repair cost $2,136.94. 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 13.75%. 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 $82,000.00 at the time of loss. The Diminished Value was $11,275.00

READ CUSTOMER REVIEWS OF stlucieappraisal.net/

QUESTIONS & ANSWERS ABOUT AUTOMOBILE DIMINISHED VALUE

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.

This is an Open Education Resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.

stlucieappraisal.net/ and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company.

READ MORE ARTICLES…

An Auto Diminished Value Claim in Worcester County, Massachusetts

October 8, 2023 by stlucieappraisal

Each week we report on the most interesting and informative articles concerning auto diminished value claims. This article details the diminished value appraisal of a Honda Accord Sport Sedan with 8,608 miles that was involved in a front and rear collision in Worcester County, Massachusetts that caused $8,484.05 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 the 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 Honda dealerships in Massachusetts – One dealer said that by law dealers don’t have to disclose Carfaxes but their dealership does, he ran the VIN and said nothing is showing on Carfax however if and when it does he would take $2,000.00 off. Another dealer explained that there’s no exact formula but the quality of the work is a big factor, however even if brought back to perfect condition, the Carfax could scare people off so that will devalue it a couple thousand or so.

The unbiased opinions of six professional sales managers at recognized Honda dealerships form the basis for the most comprehensive Auto Diminished Value Appraisal available. We obtain several of them to validate the diminished value report prepared by stlucieappraisal.net/. This is what the car owner will experience in the real world.

We contacted several Honda dealers in Massachusetts 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 front and rear with no damage to structural components and no air bag deployment. Repair cost $8,484.05. 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 11.25%. 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 $20,000.00 at the time of loss. The Diminished Value was $2,250.00

READ CUSTOMER REVIEWS OF stlucieappraisal.net/
QUESTIONS & ANSWERS ABOUT AUTOMOBILE DIMINISHED VALUE

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 Amherst, Arlington, Attleboro, Barnstable, Beverly, Billerica, Boston, Braintree, Bridgewater, Brockton, Cambridge, Chicopee, Fall River, Framingham, Haverhill, Lawrence, Lowell, Lynn, Malden, Medford, Methuen, New Bedford, Newton, Peabody, Pittsfield, Quincy, Revere, Salem, Somerville, Springfield, Taunton, Waltham, Weymouth, Worcester and throughout Massachusetts

Barnstable, Berkshire, Bristol, Dukes, Essex, Franklin, Hampden, Hampshire, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk and Worcester Counties

This is an Open Education resource focused on auto diminished value, collective knowledge and the sharing of scholarly content.stlucieappraisal.net/ and TOTALLOSSDISPUTE.COM are services of The St. Lucie Appraisal Company
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10 Ways to Collect for Your Cars Diminished Value after Accident Repairs

October 7, 2023 by stlucieappraisal

<br /> <center>10 Ways to Collect for Your Car’s Diminished Value after Accident Repairs</center><br />

10 Ways to Collect for Your Car’s Diminished Value after Accident Repairs

Try these 10 Expert Appraiser’s Recommendations.

By Auto Diminished Value

If your car was involved in an accident that wasn’t your fault during the past two years, you might want to look into making a third-party claim for the inherent diminished value of your vehicle against the at-fault party’s insurance company. After accident repairs, your car has a repair history which devalues your vehicle, sometimes by as much as 50% of it’s pre-accident Fair Market Value.

You play an important role in successfully navigating the narrow channel that typically defines an insurance claim. If you demonstrate persistence that is backed by accurate reporting and expert advice from your auto appraiser, you can avoid the need for litigation and secure a fair settlement.

10 Ways to Collect for your Car’s Diminished Value after Accident Repairs

1. Confirm Liability

Yours is likely a third-party claim which essentially means you are asking the “other guy’s” insurance company to reimburse you for your car’s diminished value. Almost every car will lose value once it has undergone repairs. Determine that their insurance company has accepted full liability. It is their responsibility, under the property damage section of their insured’s policy, to make you whole. That includes the auto diminished value claim.

2. Obtain a Repair Estimate

Your car’s first stop after a collision is the auto body shop that you have selected to perform the repairs. Ask the shop manager to write as comprehensive an estimate as possible without having to dismantle the car. Air bag deployment will be obvious and structural damages is usually evident to a qualified estimator. It is these two categories of vehicle damage that most impact your car’s diminished value. Minor damage will devalue a car by ten to twenty percent. Air bags or structural repairs typically diminishes a car’s value by around half.

3. Create a Folder on your Desktop

A Third-party inherent auto diminished value claim is typically met with skepticism by insurance adjusters. Insurers are no different than other businesses in that they value profits. If the opportunity is there to limit the amount they pay out in claims, that’s the path they generally prefer to take. There will be a certain amount of back-and-forth during the process of reaching a fair settlement. You will need a place to store all of those correspondences. Although most auto diminished value claims are settled without a need for litigation, if it comes to that, those records may have great evidentiary value.

4. Prove that your Car has Lost Value

It is the car-owner’s responsibility to demonstrate why the insurance company should consider reimbursing you for your car’s diminished value. There are many examples of how car-owners try to do this that range from obtaining a letter from their dealership to hiring a professional auto diminished value appraiser.

5. Get Support

The world of auto diminished value claims is foreign to most of us. It’s great news to learn that it is possible to be reimbursed for your car’s loss in value. Your collision shop handled all the negotiations to arrive at an agreed price with the insurance company for repairs. However, unless you hire an attorney to do all of the legwork, now is when you have to go it alone. In whatever form you choose to prove your car’s diminished value, that paperwork will be sent to the insurance company adjuster by you. Likewise, all telephone and email exchanges with the insurer will involve your participation. There are many online forums where you’ll find discussions about auto diminished value claims. But also, be advised that not everything you read represents an accurate interpretation. Focus on posts that reveal positive outcomes and how they were achieved rather than opinions on the subject. You can find many such comments HERE.

6. Which Methodology is Best?

While it may be cost-effective, as in free, to obtain a letter from your dealership attesting to your car’s loss in value, most dealers won’t provide it over concerns of being called upon to testify in court. This may be a blessing in disguise because an insurance company’s typical response would be that YOUR OWN dealer’s business model is to buy low and sell high. The opportunity for dishonesty exists and that is reason enough for insurers to deny your claim. You can compile on-line comparisons, which can be easily challenged, between clean vs. previously-repaired cars at various web sites. This approach is also free and all you’ve got to lose is the time you spend researching and another denial if the insurance adjuster is sharp. Then there are independent appraisers and adjusters. Some conduct actual research while others prepare auto diminished value reports based on every conceivable assortment of formulas such as Rule 17C as well as algorithms – basically short-cuts that don’t translate to real-world outcomes.

7. Choose an Independent Appraiser

If you’ve decided to pursue your auto diminished value claim by hiring an independent appraiser or adjuster – methodologies, prices, levels of expertise, client base and customer support are all important considerations. Methodologies range from simplistic – such as an “expert opinion” citing the appraiser’s affiliations, years in the business, etc. – to short cuts such as formulas, algorithms, comparisons-based on valuation guides or online auto sales to suit the particular client – to fully-researched auto diminished value appraisals based on the unbiased, real-world opinions of multiple professionals in the field of buying and selling cars. Regarding the independent appraiser’s or adjuster’s client base, a company that works for insurance companies as well as for car owners is less reliable as an advocate than a company that works only for the public.

8. Attorneys

If you were injured in the accident, your personal injury attorney may also handle the matter of the auto diminished value. In the event that you wish to hire a lawyer to represent you solely for a diminished value case, it may prove difficult to find one willing to represent you as the financial reward for their firm is typically low. Not many auto diminished value claims are escalated to lawsuits but sometimes it may be necessary to do exactly that. Your independent auto appraiser should be willing to advise you but legal matters may require basic guidance from a lawyer or paralegal. Even if no lawyer wants to take your case on contingency, you may inquire about paying their hourly rate for a short meeting to explain procedures as well as pitfalls you may encounter in court.

9. Prepare for Denials or Low-Ball Offers

A claimant should realize that the first file handler or adjuster you speak to has but one job – to make you go away for as little compensation as possible. Your independent appraiser should provide suggestions on how to best file and pursue your auto diminished value claim. One of those suggestions should direct you to escalate your claim to a supervisor. And, if that has little effect, continue escalating the claim until you have reached a manager with the authority to make decisions. Many legitimate auto diminished value claims are in the tens-of-thousands of dollars so they are worth pursuing with vigor.

10. Take Them to Court

Most of us are too busy to waste time going to court. There are also expenses involved. It’s a cost that, unfortunately, may be necessary because of bad faith on the part of the insurance company. Recognize that the insurer feels the same way so the old adage that defendants don’t like to settle until they reach the courthouse steps may apply. Your lawsuit will be against the responsible party. If your evidence is solid and unimpeachable, you should prevail before any judge or a jury.

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Diminished Value Claim in Lee County, Florida

October 7, 2023 by stlucieappraisal

Each week we report on the most interesting and informative articles concerning auto diminished value claims. This article details the diminished value appraisal of a Tesla Model 3 AWD Long Range Sedan with 4,104 miles that was involved in a right front collision in Lee County, Florida that caused $23,307.75 in damage. The vehicle was disabled/towed, had structural damage and no air bag deployment. The claimant hired an independent auto appraiser serving Lee County 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 from a Licensed Florida Independent Adjuster 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 exotic new car dealerships in South Florida – One dealer said that it’s a wholesale piece unfortunately because of the safety aspect. They wouldn’t keep it and it’s going to auction. A 30% loss in trade-in value could be a ballpark of what to expect all depends on the market as well. Maybe mom and pop places would take it, but not even a Carmax would want it. Another dealer explained that being upfront with it, they look at paint work and what they see on inspection but if it states frame damage it will be a third to half less in value which is typical with all high-end cars like Tesla, Porsche, BMW, etc.

The opinions of six unbiased professional sales managers at high-end new car dealerships form the basis for the most comprehensive Auto Diminished Value Appraisal available. We obtain several of them to validate the diminished value report prepared by stlucieappraisal.net/. This is what the car owner will experience in the real world.

We contacted several exotic new car dealers in SouthFlorida 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: Disabling collision damages to the right front with damage to structural components and no air bag deployment. Repair cost $23,307.75. 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 38.33%. 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 $55,000.00 at the time of loss. The Diminished Value was $21,081.50

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