\n\n\n\n<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n Diminished value claims are a way for you to recover the lost resale value of your vehicle after an accident caused by another driver. Many people don\u2019t want to buy cars that have been in accidents, even if they\u2019ve been repaired, making vehicles worth less after an accident than they were pre-crash.<\/p>\n \n\n\n\n<\/p>\n You can\u2019t submit a diminished value claim in Arizona if you were the at-fault driver; the accident must have been the other driver\u2019s fault. (If you didn\u2019t get a copy when you filed it, you can click here to get a free police report.)<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n There are 3 types of diminished value claims:<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n Here are a few things you should know about diminished value claims in Arizona:<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n There are many reasons why your vehicle\u2019s value may have decreased by more than just the repair costs after an accident, including:<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n You deserve to get the diminished value of your vehicle back from the other driver\u2019s insurance, which is why you should set up a free consultation with the diminished value\u00a0attorneys at Wade & Nysather<\/b><\/a>\u00a0to discuss filing a diminished value claim.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n A wide variety of factors go into determining whether a vehicle has lost value. It may not make sense to pursue a diminished value claim if your vehicle hasn\u2019t lost much value, so carefully review these factors.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n With a few exceptions, such as collector cars, older vehicles (or those in poor condition or with high mileage) lose less value than newer vehicles after an accident since they have already lost a significant amount of their original value due to natural depreciation.<\/p>\n \n\n\n\n<\/p>\n In general, newer vehicles (and others with a high worth pre-crash) lose the most value after an accident.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n Cosmetic damage (like dents or scratches) doesn\u2019t cause a vehicle to lose much of its value. On the other hand, structural damage can significantly decrease a vehicle\u2019s value, even after the vehicle has been repaired as well as possible.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n If your vehicle sustained damage in a previous accident (which will show up in a simple CarFax<\/b><\/a> check), it will be difficult (although not necessarily impossible) to prove the most recent accident was responsible for the vehicle\u2019s lost value. An expert diminished value lawyer<\/b><\/a> can tell you whether or not you may have a case if this wasn\u2019t your vehicle\u2019s first accident.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n Vehicles must be properly repaired with OEM parts and the latest technology to return the vehicle as close as possible to its pre-accident condition (to \u201cindustry standard\u201d) before an inherent diminished value can be established.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n What could your vehicle have sold for before the accident? A look at the Kelley Blue Book<\/b><\/a> value or an expert appraisal can give you a good idea. How much is it worth now that it\u2019s been in an accident? This will give you an approximate idea of the diminished value of your vehicle.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n While you are not obligated to actually sell your vehicle to pursue a diminished value case, getting offers from dealerships or potential buyers can help to establish the vehicle\u2019s lost value.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n Have you tried to sell your vehicle and had difficulty finding buyers since it was in an accident? Are you trying to trade it in for a newer vehicle and the dealerships are lowballing you on the vehicle\u2019s trade-in value? These struggles help to prove how much the vehicle\u2019s lost value is impacting you.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n Typically, you will need to hire an expert appraiser to determine the pre- and post-accident value of your vehicle. They will write a report expressing their opinion about the vehicle\u2019s diminished value and may testify if necessary.<\/p>\n \n\n\n\n<\/p>\n If you do sell your vehicle, you must get the most money you can for it. Selling it at a lower price to a friend or family member may be perceived as a discounted price rather than lost value, so selling to a stranger after negotiating the price will be more persuasive in a diminished value case.<\/p>\n \n\n\n\n<\/p>\n Whether or not you were injured and are also pursuing a personal injury claim, the professional Phoenix diminished value\u00a0lawyers at Wade & Nysather<\/b><\/a>\u00a0may take your case. Schedule a free consultation today.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n Since third-party insurance companies typically don\u2019t pay diminished values, you will need an experienced lawyer to help you pursue that compensation. At\u00a0Wade & Nysather<\/b><\/a>, we offer free consultations and work on a contingency fee basis.<\/p>\n \n\n\n\n<\/p>\n If we don\u2019t think you have a case, we\u2019ll tell you, and you only pay us if we take your diminished value case and get you money. If we don\u2019t get you compensation, you don\u2019t owe us a thing.<\/p>\n \n\n\n\n \u00a0<\/p>\n \n<\/figure>\n\n\n\n<\/p>\n \n\n\n\n<\/p>\n No, you don\u2019t have to sell the vehicle to make a diminished value claim. However, there is a 2-year statute of limitations on this type of case, so you should file a claim ASAP, even if you don\u2019t plan to sell your vehicle any time soon. If you decide to sell your vehicle more than 2 years after the accident, you will be out of luck and have no way to recoup the lost value.<\/p>\n \n\n\n\n<\/p>\n \n\n\n\n<\/p>\n If you\u2019ve been in an accident caused by the other driver in the last two years, you may be able to get compensation for your vehicle\u2019s lost value. The experienced diminished value\u00a0attorneys at Wade & Nysather<\/b><\/a>\u00a0are prepared to help you get the money you deserve. We have locations in Scottsdale, Glendale, and Mesa.<\/p>\n \n\n\n\n<\/p>\n![\"Attorneys](\"https:\/\/azaccident.com\/wp-content\/uploads\/2022\/11\/What-Is-Diminished-Value-Wade-and-Nysather-AZ-Accident-Attornies.jpg\" "\\"Attorneys")
<\/figure>\nWhat Is Diminished Value?<\/h2>\n
Types of Diminished Value Claims<\/h3>\n
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What to Know About Arizona\u2019s Diminished Value Law<\/h3>\n
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![\"Lawyers](\"https:\/\/azaccident.com\/wp-content\/uploads\/2022\/11\/Why-File-a-Diminished-Value-Claim-Wade-and-Nysahter-AZ-Accident-Attorines.jpg\" "\\"Lawyers")
<\/figure>\nWhy File a Diminished Value Claim?<\/h2>\n
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![\"Lawyers](\"https:\/\/azaccident.com\/wp-content\/uploads\/2022\/11\/What-Factors-Determine-Whether-a-Vehicle-Has-Lost-Value-Wade-and-Nysather-az-accident-attorneys.jpg\" "\\"Lawyers")
<\/figure>\nWhat Factors Determine Whether a Vehicle Has Lost Value?<\/h2>\n
Vehicle Year, Make, Model, Condition, and Mileage<\/h3>\n
Type of Damage Sustained in the Accident<\/h3>\n
Was the Vehicle Involved in Any Other Accidents?<\/h3>\n
Was the Vehicle Repaired to \u201cIndustry Standard\u201d?<\/h3>\n
What Was the Vehicle Worth Before the Accident?<\/h3>\n
What Have Potential Buyers Offered for the Repaired Vehicle?<\/h3>\n
Have You Struggled to Sell or Trade the Vehicle Since it Was Repaired?<\/h3>\n
![\"Best](\"https:\/\/azaccident.com\/wp-content\/uploads\/2022\/11\/How-to-Prove-Diminished-Value-Wade-and-Nysahter-AZ-Accident-Attorney.jpg\" "\\"Best")
<\/figure>\nHow to Prove Diminished Value<\/h2>\n
Should I Hire an Arizona Diminished Value Lawyer?<\/h2>\n
![\"Phoenix](\"https:\/\/azaccident.com\/wp-content\/uploads\/2022\/11\/Do-I-Have-to-Sell-My-Vehicle-to-Make-a-Diminished-Value-Claim-Wade-and-Nysather-AZ-Accident-Attorney.jpg\" "\\"Phoenix")
<\/figure>\nDo I Have to Sell My Vehicle to Make a Diminished Value Claim?<\/h2>\n
Consult a Diminished Value Lawyer Today<\/h2>\n