Diminished Value Car Appraisal
We provide fair and sensible analysis of diminished value of your vehicle, whether you're an insure company or the insured.
Diminished value appraisals play an important role for vehicle owners wanting to understand the financial impact of damages on their vehicle. After an accident, many owners are unaware that their vehicle's value decreases even after repairs. At ProValue Appraisal, we specialize in helping you determine the diminished value of your vehicle to ensure you receive fair compensation from insurance companies. Our auto appraisers will work with you to get you an accurate cost analysis for your vehicle. We stand by our auto appraisals. Get the best, when you work with the best!
OVERVIEW
What is a Diminished Value related to auto appraisal?
Diminished Value or often times referred to as “diminution in value" is associated with the loss of vehicle market value upon involvement in a collision, or after repairs. Factors to consider that directly influence value are severity of the damage, the quality of the repairs and vehicle year, make and model. Vehicle owners and lawyers representing these clients need to understand diminished value as its essentially for car owners involved in hit and runs, and other auto accidents.
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Why Get a Diminished Value Appraisal?
Obtaining a diminished value appraisal is beneficial for vehicle owners for several reasons. First, it provides a clear assessment of the car’s current value, which is vital for insurance claims. Second, it can help you negotiate better compensation from your insurance provider or in a legal dispute. Knowing your vehicle's diminished value can make a significant difference in your financial recovery.
What is Inherent Diminished Value?
Even with high-quality repairs, a vehicle that has been in an accident carries a lower market value simply due to its history. Buyers often hesitate to purchase a previously damaged vehicle, reducing its overall worth.
What is Repair-Related Diminished Value?
The quality of repairs plays a significant role in your vehicle’s value. If non-OEM (original equipment manufacturer) parts were used, or if repairs were subpar, the vehicle’s resale value may decline even further.
What is Immediate Diminished Value?
The moment an accident occurs; your vehicle loses value even before repairs. This reflects the impact of damage on the car’s desirability and potential market price.
Diminish Value Claim Successes
Our Successes!
At ProValue Appraisal, we have worked with hundreds of diminished value auto claims for lawyers, and insurance companies in southern California. Here are a few of our success stories.
2019 BMW 7 series
Insurance valued vehicle at $18,499. After a comprehensive analysis, we determined that the vehicle was worth $21,694. We submitted the report and won our client additional $3,195.
2024 Honda Accord Le
Insurance valued vehicle at $21,749. After a comprehensive analysis, we determined that the vehicle was worth $24,898. We submitted the report and won our client additional $3,149.
2024 Lexus GX 550
Insurance valued vehicle at $49,249. After a comprehensive analysis, we determined that the vehicle was worth $54,877. We submitted the report and won our client additional $5,628.
WHY US
Why ProValue Appraisal?
When it comes to diminished value appraisals, no one does it better than us in Southern California. We are known for our commitment to professional assessment of your vehicle appraisal and work with your insurance and parties involved to get you maximum value for your claim. Schedule your estimate today to learn more.