Diminished Value - Mercedes-Benz Forum

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post #1 of 3 (permalink) Old 01-01-2015, 10:15 AM Thread Starter
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Diminished Value

My car was recently in an accident. The accident will be reported to Car Fax. I own rather than lease the car. I am concerned that when I sell the car it will be a lot more difficult to sell because of the Car Fax accident issue. The insurance company is willing to work out a dollar "diminished value" settlement. However they want some kind of dollar amount basis to go by. Any information someone can provide would be most appreciated.
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post #2 of 3 (permalink) Old 01-01-2015, 10:41 AM
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Insurance adjusters should have the best expertise on the subject.
Ask them how much they would deduct for previous accident in case you car gets totaled in a year?

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post #3 of 3 (permalink) Old 01-02-2015, 04:53 PM
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Hire an independent appraiser that uses dealer quotes, at least six quotes.
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