A New Car Diminished Value Claim in Bridgeport, Connecticut

Auto Diminished Value Claims

We report on the most interesting and informative articles concerning auto diminished value claims. A diminished value appraisal of a new loaner MINI Cooper Convertible with 1.955 miles that was involved in a front collision that caused $2,396.72 in damage. The vehicle was not disabled/towed, had no structural damage and no air bag deployment. The dealership 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 MINI dealerships in Connecticut and surrounding states – One dealer explained that because it is a new vehicle you would take more of a hit. Normally when you try and sell a vehicle with a bad Carfax there will be a loss depending on the document and what is reported and the amount of damage and what the repairs look like will be the deciding factor on what the actual loss will be, his guess there may be a loss of a few thousand and can go as high as 4K. Another dealer said that due to the fact the car is new and there is already an accident on the Carfax there will definitely be a loss. Could be around 10 % of the cars value.

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 dealer will experience when selling the car.

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.

CONNECTICUT LICENSED INDEPENDENT AUTO APPRAISER
CONNECTICUT LICENSED INDEPENDENT AUTO APPRAISER

We contacted several MINI dealers in Connecticut to establish how these repairs and the resultant repair history would impact this vehicle’s Retail Value. Dealers were provided with an evaluation of the vehicle’s condition both prior and subsequent to repairs.

A New Car Diminished Value Claim in Bridgeport, ConnecticutDescription of damage: Non-disabling collision damages to the front with no damage to structural components and no air bag deployment. Repair cost $2,396.72. 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 11.97%. This is the percentage of Diminished Value to be taken from the retail value at the time of loss.

We established that the above captioned vehicle had a Retail Value of approximately $27,500.00 at the time of loss. The Diminished Value was $3,291.75

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

auto diminished value payment button
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 Bridgeport, New Haven, Stamford, Hartford, Waterbury, Norwalk, Danbury, New Britain, West Hartford, Greenwich, Hamden, Fairfield, Meriden, Bristol, Manchester, West Haven, Milford, Stratford, Middletown, Enfield, Wallingford, Southington, Norwich, Shelton, Groton, Trumbull, Torrington, Glastonbury, Naugatuck and throughout Connecticut. auto appraiser near 06484, auto appraiser near 06810. auto appraiser near 06606, auto appraiser near 06902

Fairfield, Hartford, Litchfield, Middlesex, New Haven, New London, Tolland and Windham Counties

TOTAL LOSS DISPUTE
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.

DIMINISHED VALUE IN NEW CARS

St. Lucie Appraisal, automobile, personal property, diminished value, appraiser

IS THERE SUCH A THING AS DIMINISHED VALUE IN NEW CARS?

New cars at dealerships can get damaged in various ways that aren’t the fault of the dealer. These include customer mishaps in the lot, damages caused by car carriers and, of course, the inevitable accidents that customers get into with their loaners. After repairs are completed, the automobile or truck goes back into the new car inventory. But these vehicles are different in that they have been devalued by the repair history, sometimes by tens of thousands of dollars. New car buyers that would even consider buying them will be looking for deep discounts. Can the dealerships recoup this loss in their bottom line? The answer is yes, if the damages to the vehicle were caused by someone else’s negligence. It is known as Automobile Diminished Value and the insurance companies of responsible parties – the rubbernecking customer, the trucker from hell or the careless loaner driver – are on the hook for it in every state. Diminished Value is not a claim that only pertains to used cars. New cars are also subject to diminished value and The St. Lucie Appraisal Company is pleased to be providing Automobile Diminished Value Reports to new car dealerships in all 50 states.

DIMINISHED VALUE IN NEW CARS – SOME ANSWERS
Q: As a new car dealer seeking a diminished value appraisal from your company, what information do I need to provide in order to get started?

A: At the bottom of the page you will find a blue rectangular box in which reads “Request an Automobile Damage Report.” Click on it to make a $275.00 payment to The St. Lucie Appraisal Company then email both a completed repair estimate and the new car sticker to contact@autodiminishedvalue.com

CAR OWNER RECEIVES RECORD $60,000.00 AUTO DIMINISHED VALUE SETTLEMENT
Q: Once we receive your report and forward it to the adjuster handling our claim, what type of response can we expect from the insurance company?

A: Our reports are based on the unbiased opinions of six General Sales Managers at recognized new car dealerships. Unlike appraisals based on formulas or appraisers’ expert opinions, ours are very difficult to dispute.

Q: How much value per car or truck should our dealership expect to lose as a result of new cars now having prior repair histories?

A: Unlike some of the unfortunate private passenger car and truck owners whose vehicles lose significant value, especially when frame repairs or air bag deployments were noted, most new cars aren’t usually wrecked too badly. There are, of course exceptions to the rule. A new Corvette Z07 Coupe which got pinballed around the dealer lot by a customer’s car lost 37.08% of its value, or $39,814.65, after undergoing $44,000.00 in repairs that included structural components. A new Kia Soul! lost 43.75% of its value after similar circumstances occurred. Most new cars with Carfaxes showing minor repairs typically lose only 10% to 20% in value. It is the dealer’s choice whether to recover it or not. The general manager of an automotive dealership has a high level of accountability. They are chiefly responsible for its continuous profitability. Being compensated thousands of dollars every time diminished value occurs fits in with that objective.

READ CUSTOMER REVIEWS OF THE ST. LUCIE APPRAISAL COMPANY

auto diminished value payment button
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 throughout Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin and Wyoming

TOTAL LOSS DISPUTE

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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