Honda Diminished Value Appraisal in Milwaukee, Wisconsin

The best diminished value appraisal you will find in Wisconsin. – Franklin Colletta, Owner

Regarding a 2017 Honda CR-V EX-L AWD Navigation SUV with  14,671 miles that was involved in a Right Side Collision that caused $8,604.18 in damage. The vehicle was  disabled/towed and had structural damage and no air bag deployment.The claimant 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 Honda dealerships in Wisconsin – That anytime there is frame damage you are looking at taking a much greater loss and it would be considered auction car. Also, in the case there is frame damage especially on a newer car the loss would be greater than if it were older because the cars value is higher now than it would be two years from now. Typically frame damaged cars dealers will take on trade but they would be wholesale cars and could take a hit of 25-30% Dealers report that they have seen them as high as half of the cars book value.

The opinions of unbiased experts form the basis for the most comprehensive Auto Diminished Value Appraisal available. We obtain six of them which absolutely puts the diminished value figure prepared by The St. Lucie Appraisal Company in the ballpark. This is what the car owner will experience in the real world.

Dealers providing opinions regarding diminished value were given information specific to this vehicle including year, make, model, mileage, 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 Honda dealers in Wisconsin in order 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 Side with damage to structural components and no air bag deployment. Repair cost $8,604.18. 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 34.58%. 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 $25,000.00 at the time of loss. The Diminished Value was $8,645.00.

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QUESTIONS & ANSWERS ABOUT AUTOMOBILE DIMINISHED VALUE

paypal payment buttonThe 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 completed body shop estimate or insurance company damage appraisal to contact@stlucieappraisal.net

Service in Milwaukee, Madison, Green Bay, Kenosha, Racine, Appleton, Waukesha, Eau Claire, Oshkosh, Janesville and throughout Wisconsin.

A Honda Diminished Value Claim in Indiana

The best Diminished Value Appraisal you will find in Indiana. – Franklin Colletta, Owner

Regarding a 2016 Honda CR-V EX-L Navigation AWD with 14,685 Miles that was involved in a front and rear collision that caused $11,886.72 in damage. The car was disabled/towed  and had structural damage without air bag deployment.The claimant 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 Honda dealerships in Indiana – Dealers can’t certify or obtain financing so it is really a risk for them. Also, that when you have an accident that reports structural damage you will take a huge loss and also that when a dealer sees structural damage it is a big red flag that will devalue the vehicle greatly. The opinions of unbiased experts form the basis for the most comprehensive Auto Diminished Value Appraisal available. We obtain six of them which absolutely  puts the diminished value figure prepared by The St. Lucie Appraisal Company in the ballpark. This is what the car owner will experience in the real world.

Dealers providing opinions regarding diminished value were given information specific to this vehicle including year, make, model, mileage, 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 Honda dealers in Indiana in order 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 Front and Rear including  damage to structural components. Repair cost $11,886.72  LKQ (used) and/or aftermarket parts were utilized in the repair/not factored in to the diminished value.

The average of six (6) deductions was 32.92%. 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 $27,750.00 at the time of loss. Diminished Value = $9,135.30.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY
 

QUESTIONS & ANSWERS ABOUT AUTOMOBILE DIMINISHED VALUE

paypal payment button

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 completed body shop estimate or insurance company damage appraisal to contact@stlucieappraisal.net

Service in Columbia, Charleston, North Charleston, Greenville, Rock Hill, Mount Pleasant, Spartanburg, Sumter, Hilton Head, Florence and throughout South Carolina.