Yes, you read the title right; Georgia’s Diminished Value Expert, Mike Lasini, tells you what your car is worth after it’s been in an accident; but not only that, he explains why. Hi, I’m Mike Lasini, your diminished value pro.
When a vehicle rolls off the assembly line from a manufacturer it’s perfectly built and all parts are securely put together. Everything on the car is as it should be and it’s at its best condition. When a car drives off a dealership lot its value drops instantly, but you probably already know this; and you probably know the depreciation of a car, truck, van, or SUV happens at a normal expected rate over time. But what happens when a car is in an accident? Once all repairs are completed, does it hold the same value as prior to a car crash? Does the “normal expected rate of depreciation” continue from where it left off pre-accident once repaired? The answer to these questions is no, it does not.
A vehicle that’s been in a car accident and has received repair looks and seems as good as new, or at minimum back to pre-accident condition. The motor runs and sounds perfect, the crinkled front quarter panel is shiny and new, and the rear end has a new trunk and bumper. You’re happy because the resale value is right back where it was before, right? No, not even close.
Have you ever tried to trade a car in on a new one and the salesman told you he’d be right back, that he just needed to run a Car Fax on it quick? Do you know why? It’s because if your car has been in an accident it’s a damaged car; regardless if it has all new replacement parts and has the perfect repair. He knows the car damage from the accident dropped the car’s value the moment of impact and the car damage occurred. You know what that means right? The trade-in value just dropped drastically if your vehicle shows up on the Car Fax report as receiving damage. I’m sure it goes without saying, but private buyers can, and do, run a Car Fax too. Wait, how is that fair? It’s been fixed!
If you think about it for a moment, it’s actually fair, but unfair too. It’s fair for the person buying your vehicle because the buyer will purchase the previously damaged car at a much lower price. Unfair for you because you aren’t getting the price you would have, if your car had never been damaged in an accident. This is known as diminished value and you’re entitled to a fair market reimbursement for the value loss in damages. That’s where I can help you.
Here at CrashCalculator.com we have a unique patent pending CrashCalculator™ pricing system that will provide you an accurate assessment of your vehicle’s loss in value; something auto insurance will never give you. They use a formula known as 17c and it literally diminishes the diminished value from the get go resulting in an extremely, unfair reimbursement amount.
Things You Need to Be Aware Of
- Insurance companies are required to pay diminished value. They just don’t pay you the true diminished value amount. I can help you get the amount you deserve.
- Your insurance premium cannot increase due to a diminished value payout. If you ever feel like it has, don’t stand for it and speak to an attorney.
- Your insurance company cannot cancel your policy for collecting diminished value. If you ever feel like it was cancelled due to a car crash and you submitted a diminished value claim and got the amount you were asking for, speak with an attorney.
- You can file a diminished value claim regardless of whether or not you were the at fault driver in the accident. Don’t let an insurance company fool you into believing otherwise.
Now that you are aware and understand how diminished value works, and your rights, would you like to know what your car, truck, van, or SUV is worth? Great, I can help you with that. CrashCalculator.com will calculate your car’s information and tell you what your car is worth after an accident. If you want to speak to one of our agents, email us at firstname.lastname@example.org and we’ll be in touch shortly to help you file a diminished value claim.