Diminution In Value
Insurers, Solicitors, Motor Trade and the general public all have a need for this type of report on occasion.
Diminution in value can occur when a vehicle has been involved in an accident and repaired, particularly when the repairs have been extensive or structural in nature. If the vehicle in question is less than 4 years old, classic, vintage or specialist and has been accident damaged and consequently repaired, it’s unlikely to sell for the same price as an identical vehicle with no damage incurred.
A Diminution report quantifies the value of the vehicle based upon its history, we examine the vehicle and consider the type, extent, and cost of repairs, age, coupled with the desirability of the vehicle. We provide and independent unbiased report irrespective of whether instructed by Defendant or Claimant.