01-06-2020, 01:21 PM | #1 |
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Diminished value recommendations-NJ
Has anyone here worked with any of these service providers? I had a collision back in March of 2019 and wanted to know what value loss, if any, I have to my vehicle.
Thanks.
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01-06-2020, 04:16 PM | #2 | |
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01-07-2020, 07:32 AM | #3 |
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Most appraisers use formulas and algorithms that insurance companies deny are valid proof. One independent appraisal company from Florida obtains six quotes from BMW dealers in NJ. Can't mention their name because I'll get banned by the mods but a Google search should find them for you.
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01-07-2020, 07:47 PM | #4 |
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The best of doing it would be to go the dealership and have them write you a letter with how much your car would be priced prior to and after the accident.
My Porsche was hit by another driver and I was able to secure a $2800 depreciation value from the other company. |
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01-08-2020, 08:06 PM | #5 | |
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01-12-2020, 06:46 PM | #6 |
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My wife’s 2011 X6 (with 75k miles) got hit in a parking lot causing ~2,200 in damage and they paid ~1,250 diminished value in NJ. I felt I probably could have gotten more and looked into a few appraisal type firms but wasn’t willing to spend the $ without any guarantee that I would increase my payout by that amount, especially considering the overall value of the vehicle.
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