If the value of your vehicle is diminished due to damage from a crash, it could cost your business. The vehicle’s resale value will drop, even if repairs are completed using quality parts. This is, in part, due to how potential buyers perceive the worth of the vehicle.
A vehicle is a company asset you may decide to sell at some point. The money you earn from that sale can go towards a new vehicle or return to the business. Therefore, the diminished value of the vehicle will reduce its worth as an asset.
Substandard Vehicle Repairs
When inferior parts are used to repair your vehicle, it impacts value. Swapping out inexpensive or substandard parts is common when a mechanic is unwilling to or cannot source compatible parts. As a result, your vehicle’s value can significantly diminish, resulting in a loss when you try to sell the car.
Buyer Reluctance
The fact that damage is recorded in the vehicle log is enough to put off potential buyers. At the very least, a vehicle is considered diminished in value. You cannot resell at the value of the vehicle before it was involved in a crash. It doesn’t matter if the car is physically and mechanically equitable to another car of the same model and age.
Wreck Check Diminished Value Assessments
At Wreck Check Atlanta, we can conduct diminished value assessments. Our approach results in accurate reports delivered by real specialists. We are committed to providing customers with an alternative to inaccurate online calculators. If your car has been damaged in a crash, we offer support throughout the repair and appraisal processes.
The team at Wreck Check is comprised of experienced professionals. We deliver accurate diminished value reports using methodologies that align with current regulations and standards. As a result, you can rely on us to identify inferior parts, shoddy workmanship, and inaccuracies in insurance provider appraisals.
Call Wreck Check today if you believe your vehicle has been unfairly devalued. A second opinion could result in your car increasing in value after a crash that caused damage. We look forward to supporting you throughout the entire process.
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