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Had an Accident?
Auto Appraisal Network can help you determine how much less you car is
worth after it was repaired
or
If the damage was determined to be a total loss, what your car was really
worth before the accident.
What is Diminished Value?
Diminished Value is the amount you're not going to get when you sell you car
because it's been in an accident. If your vehicle suffered significant damage
in an accident that was not your fault, you are entitled to file a claim for
the Diminished Value.
- A reasonable buyer will not pay the same price for a vehicle with an
accident history.
- By law you are required to disclose the accident history of a car when you
sell it.
- No matter how good the repairs are, no one can "fix" the Carfax
report.
- Your repaired car can never qualify as a Certified Pre-Owned vehicle.
What can you do?
Call your local Auto Appraisal Network appraiser who can determine the
Diminished Value of your car as a result of an accident.
What is Prior to Loss?
The Prior to Loss value is what your car was worth prior to the
accident.
If you have been in an accident and it has been determined that the car is a
total loss, the insurance company will need to pay to replace your car.
Chances are they will not offer you enough to actually buy a similar car with
the same miles and options.
Auto Appraisal Network will determine the Prior to Loss value of your car
using local market data and making allowances for mileage, options and
condition.
Any portion of a Diminished Value or Prior to Loss claim that is not paid,
can also be written off on your itemized income taxes including the appraisal
fee to have the diminished value appraisal performed.
Use IRS Form
4684 for itemizing Diminished Value and appraisal fees on your
taxes.
PROTECT YOUR RESALE VALUE. HAVE IT APPRAISED!
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How Much Diminished Value Can You Claim?
Every situation is different. If you would like to get an estimate for how much your diminished value claim could be worth, try our estimator.
For only $39 you can get an estimate of your vehicles diminished value.
If the estimated diminished value is significant enough for you to file a claim, we'll apply the cost of the estimate towards your diminished value appraisal report that you will need to file your claim.
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