I had hired another Diminished Value company and I was only able to get $3,000 and I was so frustrated. Finally, I called Autoloss... After purchasing the Diminished Value appraisal and some follow up with your employees, Farmers wrote me a check for $15,000... I could not have done it without you.
— John Basset
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.
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?
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?
|Without frame damage||With frame damage|
|10% or less||21||2|
|50% or greater||5||11|
|Would not buy||21||60|