Value6 min read
Diminished Value
How a repaired vehicle's resale value can change after a documented collision.
Diminished value is the difference between what your vehicle would have sold for before the collision and what it will sell for once the repair is recorded in its history.
Even a perfectly repaired vehicle can lose resale value simply because a future buyer sees the accident record. Some states allow first-party diminished value claims, others limit recovery to third-party claims against the at-fault driver.
An independent appraisal, combined with comparable sales data, is the typical foundation of a diminished value demand.