Dodge Challenger SRT Diminished Value Claim in Newark, New Jersey

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

Each week we report on the most interesting and informative articles concerning auto diminished value claims. Regarding our diminished value appraisal of a Dodge Challenger SRT 392 Coupe with 3,100 miles that was involved in a rear-end collision that caused $4,417.02 in damage. The vehicle was not disabled/towed and had structural damage.The claimant hired an auto appraiser near Newark 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 dealers in New Jersey. You will take a hit of 25% minimum at most any dealer due to the frame being compromised. Some dealers won’t even take it as trade or send it right to auction. Also that most finance companies won’t finance a frame damaged vehicle they may offer 20-40% less than the book because they will have to sell it for less .

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.

A grey Dodge Challenger. A Diminished Value Appraiser in New Jersey call 772-359-4300.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 Dodge dealers in New Jersey 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: Non-disabling collision damages to the Rear with damage to structural components and no air bag deployment. Repair cost $4,417.02. 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 33.33%. 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 $40,000.00 at the time of loss. The Diminished Value was $13,332.00.

CAR OWNER RECEIVES RECORD $60,000.00 AUTO DIMINISHED VALUE SETTLEMENT
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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 Atlantic City, Bayonne, Brick, Camden, Cherry Hill, Clifton, East Orange, Edison, Elizabeth, Franklin, Gloucester Township, Hackensack Hamilton, Hoboken, Howell, Irvington, Jackson, Jersey City, Lakewood, Middletown, New Brunswick, Newark, North Bergen, Old Bridge, Parsippany, Passaic, Paterson, Perth Amboy, Piscataway, Toms River, Trenton, Union City, Union, Vineland, Wayne, Woodbridge and throughout New Jersey.Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem and Somerset Counties. auto appraiser near 07003, auto appraiser near 07052, auto appraiser near 07104, auto appraiser near 07105, auto appraiser near 07111

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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NEW JERSEY ANTIQUE CAR APPRAISER

Auto Diminished Value Claims

In New Jersey, 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 New Jersey antique car appraiser you can count on.

Call The St. Lucie Appraisal Company when only the best and most knowledgeable appraiser will do. Our service area includes New Jersey 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.

REQUEST AN AUTOMOBILE VALUATION APPRAISAL – $275.00 for most cars.





Please eMail photographs and other vehicle information to Email: contact@stlucieappraisal.net

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Service in Atlantic City, Bayonne, Brick, Camden, Cherry Hill, Clifton, East Orange, Edison, Elizabeth, Franklin, Gloucester Township, Hackensack Hamilton, Hoboken, Howell, Irvington, Jackson, Jersey City, Lakewood, Middletown, New Brunswick, Newark, North Bergen, Old Bridge, Parsippany, Passaic, Paterson, Perth Amboy, Piscataway, Toms River, Trenton, Union City, Union, Vineland, Wayne, Woodbridge and throughout New Jersey.

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.
READ MORE ARTICLES…