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The term “Phoenix Diminished Value” means that cars which were damaged and subsequently repaired lose market value as a result of having a repair history, sometimes known as a “Bad CARFAX.” In Arizona, this lost amount is recoverable from insurance companies of at-fault parties. The amount of diminished value is determined by the damages that were repaired and the vehicle itself.
The St. Lucie Appraisal Company’s methodology for determining diminished value is unique within the industry. After making our determination of a car’s loss in value, we confirm our opinion by consulting with the sales managers at six local dealerships. We average their unbiased opinions to establish the vehicle’s diminished value. This proof establishes probative evidence into the existence and approximate amount of diminished value.
If someone crashed into your car, their insurance company is liable for payment of the repair cost. They are also responsible for rental car reimbursement and something else that is unknown to most people – Inherent Diminished Value – their car’s loss in value. It is this type of reporting that car owners need to convince insurance companies to make fair settlement offers. In cases that require litigation, this evidence is what is necessary to obtain a favorable judgement. Car owners are entitled to recover the reasonable repair costs and any residual diminished value.
SIX UNBIASED DEALER QUOTES IN EVERY APPRAISAL TO VALIDATE OUR RESEARCH
TELEPHONE CONSULTATIONS ALWAYS FREE-OF-CHARGE
SEARCH OUR DATABASE OF AUTO DIMINISHED VALUE REPORTS
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. Tesla and other exotic car owners please call for rates.
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