Success Stories

  • Thanks for all your help. I just got a settlement this morning on my Diminished Value claim for $3250.00. They originally offered $1000.00 and then we haggled back and forth and their final was $3,000-  then I told them that I needed the $250.00 I spent for the Diminished Value Report and so they came to $3250.00. They are putting a check in the mail on Monday. Just thought I'd let you know.

    Cathy Steen
    Houston, Texas

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Public Opinion About Automobile Diminished Value

Our survey shows how a car's collision history influences its value. As you can see from the graph, any collision reduces the vehicle's value. The diminution of value is very severe if there is frame damage. These results from over 4700 respondents were updated March 20, 2009.

Assuming that the vehicle has been correctly repaired.

Question 1:
How much discount on the price of a used car would you expect if it had been in an accident with over $2000 damage, but without frame damage?

Question 2:
How much discount on the price of a used car would you expect if it had been in an accident with over $2000 damage, with frame damage?

RESULTS:

Diminished Value Stigma
Without frame damage With frame damage
None 6 1
10% or less 21 2
20% 31 9
30% 21 13
40% 9 12
50% or greater 5 11
Would not buy 21 60
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