Whether you own, administer, or repossess vehicles, your vehicles may have lost value if they were involved in an accident, even if those vehicles were satisfactorily repaired. This loss in value is known as residual diminution in value, stigma, or simply diminished value damages.
Given the choice between two otherwise identical vehicles, except that one has been in an accident and the other has not, a consumer will choose the vehicle that has never been in an accident. This consumer preference against previously wrecked vehicles translates into lower fair market values for satisfactorily repaired vehicles.
If vehicles within your portfolio were involved in accidents, then Goldfein & Associates can help you recover the loss in value you may be owed.
