Jan 16 2012

What are the different methods for determining diminished value?

Category: Auto Insurance

Answer:

There are several ways of determining the diminished value of a vehicle that has sustained damage from an accident. There are appraisers that make a business of providing appraisals for vehicles for express purpose of determining diminished value. You can also get a written offer from a car dealer as to what your vehicle is worth compared to an identical vehicle that had not been in an accident. There are also services that track the sales of damaged vehicles and those sale prices can be compared to the price of vehicles that have not been damaged.


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