AUTOMOBILE DIMINISHED VALUE EXPLAINED - FLORIDA

FLORIDA DIMINISHED VALUE
THE ST. LUCIE APPRAISAL CO.

POMPANO BEACH - Your car was recently involved in a minor parking lot collision when another driver backed into it.

The other driver's insurance company will gladly pay to have your vehicle repaired and then they hope you'll go away forever.

The unpleasant surprise you'll get a year down the road when you go to trade your car in is known as Diminished Value. The car you thought was worth $20K in trade-in value may be worth only half that much. Why? Because of that minor fender bender that occurred years before.

Even though your automobile may have been properly repaired, the fact that a previous damage entry appears on your CARFAX means that your car is worth much less to the dealers and wholesalers-as much as 50% less!

In Florida, insurance companies of at-fault drivers recognize that they must pay automobile Diminished Value claims. The newer your car, the more you have to lose in equity. Be aware-know your rights and options. If your late-model car or truck was damaged by an at-fault driver, AKA a third party, you are entitled to compensation.

Bet you also didn't know that St. Lucie Appraisal handles automobile Diminished Value appraisals throughout Florida.

The St. Lucie Appraisal Company
P.O. Box 2700
Fort Pierce, FL 34954
Tel: 772-359-4300
Fax: 772-466-8400
eMail: contact@stlucieappraisal.net
Web Site: http://stlucieappraisal.net/