What is Diminished Value? (And Why it Matters to You)

When your vehicle is involved in an accident, repairs can make it look and drive like new again, but the accident history doesn't disappear. It stays on the vehicle's permanent record (think Carfax or similar reports), and that "stain" makes a real difference when you try to sell or trade it in. This permanent reduction in your car's market value — even with perfect repairs — is called diminished value (sometimes called "diminution in value").

How Can You Recover That Lost Value?

If the accident wasn't your fault, you're entitled to file a diminished value claim against the at-fault driver's insurance company. This compensates you for the difference between what your car was worth right before the accident, and what it's worth now, after repairs.

Onyx Auto Appraisals LLC specializes in independent diminished value appraisals that give you the accurate, documented evidence needed to support your claim.

We provide a detailed, professional report that can strengthen your negotiation or claim and help maximize your recovery — many clients recoup thousands of dollars they would have otherwise lost.

 Contact us today for a free Diminished Value appraisal quote!