Although Caliber Collision auto Body repair may bring your vehicle back to 100% pre-loss condition with optimal repairs, your vehicle has still suffered diminished value. That is money the at-fault driver’s insurance company still owes you even after paying for the repairs of your vehicle. This is because your car or truck has lost resale value due to the stigma of the collision and repair.
Think about it for a moment. If you were purchasing a vehicle from a dealer, and they disclosed the car you were purchasing was in a major collision, that it even suffered frame damage. Would you still want to pay full list price for that vehicle? What if it also had a negative history report? Maybe they wouldn’t tell you who or where it was repaired? Was it a reputable shop or a bunch of monkeys that did the repair?
Those are just some of the questions that buyers have about vehicles with prior collision damage even if it looks like the repairs were done well. So how much of a discount would it take for you to take the car with the prior damage over the vehicle that had never been wrecked? Want to find out more? Visit our home page for more information. Claiming Diminished Value in Oregon
