8 Bearl Farm, Stocksfield, Northumberland, NE43 7AL
Contact us for a free estimate: 0344 88 050 88
What is Vehicle Diminution?
Diminution is the loss in value of a motor vehicle in the marketplace after it has been involved in a road traffic accident.
Let us explain…
The loss is due to the fact that a vehicle inherits an accident history and applies even where repairs have been carried out to a high standard.
The diminution in value occurs immediately after the accident damage has occurred. From that date the motor car has a diminished value which remains with it for the rest of its existence.
Examples shown for illustration purposes only and each loss is assessed on a case by case basis
Example of diminution
Two identical vehicles are offered for sale. One has been damaged in a motor accident and then repaired. The other has not.
A purchaser would not pay the same price for an accident damaged vehicle and would expect a price reduction before being induced to purchase the accident damaged vehicle. It is this reduction in price that we will claim back.
