I have people ask me all the time… Ken, can you show me how to calculate diminished value? To do a proper appraisal, it takes research. Research most other appraisers are not eager to do. Actually, I’m not even eager to do it, but I know it has to be done...
It is simply the amount of value lost due to a vehicle being in a collision. Now, this could be from the car or truck having a damaged history, or it could be that the vehicle has not been repaired to like new condition. Let me ask you, would you pay the same amount...
It amazes me the number of shoddily repaired vehicles that roam our city streets each day. Here’s just a sample of bad repairs that make it onto the streets. The problem is other body shops will normally not want to re-inspect someone else’s work. Sort of...
