There are several reasons why you would want to get a diminished value car appraisal San Diego California. Chief among them is when you want to sell your car after it’s been in a wreck. Having an appraisal to share with potential buyers is being open and honest about the fact that the car has been damaged and repaired, but you protect yourself from possibly being negotiated down too far when you have an appraisal to back your price.
If you’re trying to sell your car, potential buyers will probably ask you for the vehicle’s VIN, or Vehicle Identification Number. This number is printed on all newer vehicles, and it is a unique identifier. So if your car has ever been repaired in a shop after it was in a wreck, that information becomes available to potential buyers through CarFax or a similar service that scours records for mention of that vehicle as being in an accident and then repaired.
With a diminished value car appraisal, you have the chance to back your claim for how much you think your car is worth, even though it has been in an accident. It may be a vehicle that holds its value well. You can present the appraisal to a buyer to say that you’re not just pulling a number out of thin air, that your price reflects the value of the car accurately.
Buyers are very wary of cars that have been in accidents, but perhaps your car’s damage wasn’t that great, or maybe it was repaired expertly so that the car is perfectly safe and driveable. An appraiser can take a look at your specific car’s story and history, determine its condition, and the quality of the repair, and then compare it to similar other vehicles of the same make and model that are on the market that have been in accidents.
This information can then help the appraiser make an accurate judgment on how much the vehicle is worth. You’ll get a document that details your car’s condition and its value. You can then turn this in to your buyer.
Now, consider another situation. Your insurance company is not required to disclosed your car’s diminished value to you, but they are required to give you money for the loss of your vehicle in the case of an accident. If you get your own diminished value report, you can submit it to the insurance company to get the true amount of what your car is worth. In any situation a diminished value car appraisal San Diego California is a smart investment.