How Diminished Value in Carolina Compares to Other States
Breno Amaral
January 17, 2025
When a car is involved in an accident, its market value often drops, even after being fully repaired. This reduction in value, known as diminished
When a car is involved in an accident, its market value often drops, even after being fully repaired. This reduction in value, known as diminished
A car accident can have a lasting impact on your vehicle’s resale value, even after the repairs are complete. Potential buyers and insurance companies take
When dealing with a car accident, one of the less obvious but impactful consequences is diminished value—the loss in a vehicle’s market value even after
DOWNLOAD: “How to Assess Vehicle Condition for Accurate Appraisals”.PDF When assessing the value of a car, the condition is one of the most important factors.
Your vehicle’s appraised value is more than just a number—it determines your trade-in value, the purchase price in private sales, and even your insurance payouts.
After an accident, your car’s value can take a significant hit—even if it’s repaired to look and drive like new. This loss in value is
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