Looking for a diminished value claim calculator?
Key Takeaways
- Diminished value generally equals around 15%/20% of the vehicle’s value immediately after an accident, with higher percentages for rare cars.
- Using KBB values, you can estimate diminished value by comparing prices in ‘excellent’ and ‘fair’ condition.
- You must file a diminished value claim with the at-fault party’s insurance company, which often resists payment without proper documentation.
- Our service charges only after you collect on your claim and helps you navigate the claim process effectively.
- Contact us for a no-cost consultation to determine your potential claim amount and process.
As a general rule you can figure diminished value to be in the neighborhood of 20% of the value of a mainstream vehicle at the instant it was hit. The amount of the diminished value claim may be a higher percentage on a very expensive or rare car, and it may be a bit lower if the damage is minimal. The actual dollar amount will depend on the car and the amount of the damage but any accident history will hurt your cars value when you go to trade or sell. Normally our diminished value claim will be between $4,000 and $8,000.
While there is no actual “formula” (17c or otherwise) to determine the exact amount your car has lost from being in an accident, there is a way to get a good idea of how much you should be able to collect. Look up KBB private party retail for your car. Get the “excellent condition” figure. Then change the condition to “fair” and subtract that figure from the “excellent” number, the result is pretty accurate. The proper classification of a car with damage history for a trade in appraisal is “fair” no matter how nice it may actually be.
When you talk to me about the particulars of your case, your car and the damage it sustained, I will be able to tell you exactly how much of a claim you have and what the process of collecting it will entail. There is never any charge with us until you actually get paid on your claim so call me now and find out about your diminished value claim.
Our customers collect on DV claims on cars that are 10+ years old, have over 100,000 miles and even have had a prior accident. The concept is simple, your car had a value the instant it was hit and the value after it is repaired is going to be lower due to the accident history, period.
The insurance company may say “we don’t believe in diminished value, your car is fixed to perfection, you can’t tell it was ever hit” or even “the accident is not on the Carfax yet, hurry down to the dealer and trade it in”. They know that is nonsense (the trade it in and don’t disclose the accident plan is actually illegal some places) and our DV report will prove it.
Obviously in order to collect anything at all you will have to file a diminished value claim with the at fault driver’s insurance company. And they are not likely to go “Oh, of course, here is a nice big check!”. They will tell you that you have to document the amount of the loss and they will also tell you that they won’t say what “document the amount of the loss” actually means.
You also want to avoid the “swing for the fences” approach that some DV companies use of filing for 40%+ of the value of the car hoping the insurance will negotiate some large portion of that amount. They won’t, it is much more likely they will deny the claim outright as being insufficiently documented and you are back to where you started.
Fortunately we have a method that is based on common sense, with no goofy mathematical equations, that clearly shows the precise amount of the diminished value you are owed. We will help you every step of the way for $250 or 10% of the amount of the settlement whichever is more which you pay us after you collect!.
Check reviews and BBB complaints when you choose a DV company of course. I believe we are the only diminished value report provider that actually follows through with helping you collect your claim and we are about the only one that doesn’t charge a big upfront fee. No need for a “money back guarantee” if you don’t give us the money in the first place! We are able to do this because our diminished value report will produce results. Our customers are happy and they pay us.
Diminished Value Estimate – how much can I get for my DV claim?
To get your precise auto diminished value estimate email or CALL me with the following info:
Year, make and model of your car.
Miles and any extra value equipment information.
How much was the total cost of the repairs or estimate?
The name of the at fault driver’s insurance company.
The even easier way is to email me the shop estimate, it has all I need to give you an idea of the diminution of value.
I will let you know on the phone or via email exactly how much I believe you can recover. This consultation is at no cost to you so call me now at 863-852-6315 or email direct at sunautoappraisers@aol.com.
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