Understanding Diminished Value of Car After Accident
The value of almost every car is diminished after it is involved in an accident, regardless of how well the resulting repairs are performed. This is because consumers are reluctant to buy a car that has been previously crashed. In fact, if they knew that the vehicle they were about to buy had previously been involved in an accident, some people would probably walk away from the deal, while most people would probably use that information to get as large a discount as they could.
Your Insurance Company Won't Tell You About Diminished Value
Another interesting point is that your insurance company won't tell you about the diminished value of your vehicle after it has been in an accident...At least not voluntarily. They will tell you (even boast) about their excellent claims service, about the quality of the repairs made to your vehicle, how these are "guaranteed for life" and, that's it.
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