All About Car Diminished Value
A study conducted recently shows that car accidents occur globally every ten seconds. This amounts to thousands of traffic accidents every year in these countries. Being involved in a car crash and getting your car wrecked, means that your car has a permanent diminished value.
The term diminished value refers to when a vehicle is involved in an accident and gets damaged physically, structurally and cosmetically. Even if the vehicle is repaired and restored to its original status, it cannot fetch as much as it would if it had not been involved in an accident. What it was worth before the car crash and what it is worth now after the crash, the difference is the diminished value.
The diminished value actually exists in towns like Austin and Fort Worth. If you would like to sell your car in any of these towns, you have …