When buyers of both new and used Mercedes-Benz see a bad Carfax or Autocheck vehicle history report showing that the vehicle underwent prior collision repairs, well, most of them simply walk away. How is a buyer to know whether the car was repaired properly? The buying public could depend on a new or used car dealer’s word on everything but, in reality, they don’t. The only alternative to their purchasing an Mercedes-Benz that has suffered diminished value is just that, they will seek a lower purchase price for the car – taking advantage of what is otherwise known as Automobile Diminished Value. So a Mercedes-Benz dealer or other used car dealership can’t realistically offer to buy your Mercedes-Benz or take it in trade for its pre-accident worth because they have to sell it for less. Some Mercedes-Benzs, of course, like the AMG series will always be desirable which means they won’t suffer as badly in the automobile marketplace. As a Mercedes-Benz dealer or owner, are you entitled to recover this lost value? The answer is yes as long as the damages were as a result of someone else’s negligence. The St. Lucie Appraisal Company prepares expert automobile diminished value appraisals every day and invite you to become our next satisfied client.
MERCEDES-BENZ DIMINISHED VALUE AFTER COLLISION REPAIRS
We determine a vehicles diminished value by obtaining the opinions of six sales managers at recognized Mercedes-Benz dealerships. There is sometimes a wide range of difference in the fair market values from the six Mercedes-Benz managers. It is noteworthy that we, as appraisers do not “cherry-pick” only the highest values favorable to the case. The inclusion of all values and averaging them together makes for a very resilient market value for the vehicle that does not depend on a single estimate or a single opinion and results in a very accurate and defendable Diminished Value for the vehicle.
Please read our informative Q & A site about Automobile Diminished Value. Please take a look at what our customers have to say about our services. We are happy to answer any questions that you may have. Diminished value is a fairly new concept that most people don’t know about so feel free to go ahead and ask us.
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