August 2014

Cars Lose Value after Accidents Even after repairs, this car's value is significantly less. If your vehicle was involved in an accident, the value of the vehicle decreases even after it is repaired. Diminished value is the difference between the unwrecked value and the value after it...

Even After Repair, Your Car is No Longer Worth its Pre-Accident Value If your car is involved in an accident and then repaired, its value will most likely not equal the same amount had it never been in an accident. This is called diminished value, or...

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