Diminished Value Stigma Survey Results

Public Opinion About Automobile Diminished Value

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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:

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

 

Customer Reviews

  • I settled the Diminished Value Claim. I traded my Jeep and got something else. The dealership gave me 23,000.00 for my 2007 Jeep towards a different vehicle, and State Farm gave me 4,000.00 for Diminished Value. Initially, State Farm only offered me $1,500 for Diminished Value. So I was happy... Read More

    Diminished Value - Jeep Claim

  • My car was involved in a terrible accident while parked on the street. Damage was substantial enough that insurance company totaled it and promptly offered a settlement. But I did not feel the settlement amount was adequate; given it was almost a classical Mercedes in an excellent condition. so I... Read More

    Diminished Value - Mercedes Claim

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