How do I collect my Diminished Value? In Oregon, the burden of proof is on the plaintiff in these claims. That means you need sufficient evidence to show that your vehicle has lost resale value. A diminished value appraisal produced by a licensed Oregon Auto Appraiser is the best way to prove your claim. (Oregon is one of the few states that license Auto Appraisers. Beware, as most online appraisers are not licensed in Oregon) The appraisal should be USPAP (Uniform Standards of Professional Appraisal Practice) compliant. Most of the “ONLINE appraisals” are based on the 17c Formula that was produced by State Farm, and will not produce an accurate value of your loss. Formula 17c was designed to cap the diminished value at 10% of the pre-loss value. i.e. a $20,000 car could only have $2,000 in diminished value even if it suffered severe frame damage.
My appraisals are not based on a formula. They are based on comparable retail vehicles in the marketplace, Book Values, and my 20+ years of sales and valuation experience.