Wrecked Car Damaged Vehicle Blog

Need Holiday Cash? Own a Wrecked Car?

Joseph Coupal - Friday, November 30, 2012

DamageMAX has got you covered!
 
Been in a car accident and can't get rid of your car for a decent price?  Help is on the way!

So you've been in an accident and your insurer has denied your claim.  Whether it was a DUI, unauthorized driver or you just forgot to mail in your premium, your insurer is not paying for your accident.  You've taken your car back to the dealer where you bought it and they won't even make an offer because your vehicle has one of the following:

  • Negative CARFAX
  • Salvage or Theft Title
  • Negative Vehicle History
  • Flood Damaged

DamageMAX BUYS JUNK CARS!  "It's what we do!"
 
Even damaged, your vehicle has valuable parts and components and may even be restored to roadworthy condition - it is worth more than scrap!
 
Stuck with a problem vehicle?  DamageMAX wants your car!  If you can't afford to have the car repaired, DamageMAX will pay you to walk away from the vehicle.  Take that money to buy a new vehicle.  DamageMAX pays MAXimum value for your damaged vehicle.
 
DamageMAX pays for what the vehicle is worth based either on the value of the parts or its retail value less the repair cost.
 
Top $$$ paid + free pickup
 
Call for a no obligation quote
 
Call 888-629-2137 or email info@damagemax.com for an instant quote!

Diminished Value and Vehicle History

Joseph Coupal - Friday, November 09, 2012

Diminished Value is the reduction in resale value of a repaired vehicle due to accident history.  Even after high quality repairs have been performed, a significant portion of a damaged vehicle's original value is never restored.

Would you pay as much for a vehicle that has an accident history compared to one that doesn't?

With widespread consumer advertising of vehicle history reports (CarFax), accident history has a profound effect on the fair market value of an automobile.  Car dealers today avoid purchasing vehicles with adverse CarFax reports.  The wrecked car could be repaired better than new and a dealer is still unlikely to buy the vehicle.  Why not?  Because consumers today are armed with information and will not purchase a vehicle with accident history without a massive discount.
 
Automobile dealers are frequently portrayed in ads that sensationalize "worst case" scenarios where vehicles are misrepresented (by the dealer) to consumers, with vehicle history providers being the hero by saving the customer from a bad purchase.  In addition to consumers, dealers spend a significant amount of money on vehicle history products at various touch points in the retail process, as do vehicle wholesalers, online classified sites, financial institutions and even insurance companies.
 
The financial impact of accident history reporting is no secret.  Major Collision on a CarFax report is typically a $2,500 deduction on the fair market value on a vehicle.  There is unquestionable proof that the vehicle owner has suffered significant financial loss even though they have repaired the vehicle!

The subject of diminution of value damages caused serious concern to the insurance industry because insurers believe their policies are clear and they are only required to pay the cost of repair.  There are websites dedicated to helping consumers understand what each states provision for diminished value and how they can potentially recover additional compensation from their insurance carrier.  For additional information please consult with your state Department of Insurance or contact us at 855 DMG MAX1.

www.zalma.com
www.diminishedvalueadvocate.com


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