diminished value calculator

DIMINISHED VALUE CALCULATOR

Some so-called diminished value experts have developed calculators to determine diminished value. Even some courts have applied specific formulas to determine diminished value for their cases. However, there is not one specific method, formula or calculation that has been created, accepted and/or used by all experts, courts, insurance companies or automotive industry insiders. The truth is that there are many different ways that have been used to attempt to determine the amount of value that a vehicle has lost because of an accident. It is not an exact science and different people using different methods will come up with different results.

The insurance companies will pick apart any method that they are presented with. and will frequently deny claims on the basis that the method relied upon is not sufficient. Lawsuits may also be lost or dismissed by the court if the wrong method is used. For these reasons, it is important to be represented by an experienced diminished value attorney that is familiar with the various methods of determining diminished value and is aware of the strengths and weaknesses of each of them. At The Collision Law Center, we have access to reliable databases, we use specialized software for our cases, we have extensively researched the law pertaining to diminished value, and we rely on the opinions of highly trained expert witnesses. For these reasons, we are confident that the methods we use to present our diminished value claims are legally sound and will allow us to prevail on our claims.

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