Repair shop welds generate a lot more heat than the laser welding process does at the factory. That process can’t be replicated in a body shop where plug, mig, and tig welds are used to put a vehicle back together after an accident and corrosion protection is manually applied and may not reach inner panels and cavities.Īs a result, a repaired vehicle may never have the same structural integrity or be as resistant to rusting as a vehicle that has never been in an accident. When a vehicle is made in a factory, robots are used to laser weld panels together and entire vehicle structures are dipped into a bath of anti-corrosion coatings. While collision shops try to repair vehicles to industry standards, those standards are not always equal to factory built standards. There’s no such thing as a perfect repairĪ vehicle that has been repaired after an accident will never be the same as it was before it was hit – even if the repairs look outstanding. Many factors can impact your car’s market value including age, trim level, options, mileage, geographic location, whether a car is owned by a private party or as part of a rental car fleet, the number of previous owners, maintenance history, condition, and accident history. We also have a large following of consumers and attorneys who follow our diminished value blog to keep up with the latest industry trends. We’re nationwide diminished value appraisers and a leading provider of diminished value reports that can help you document, demand, negotiate, and recover automobile diminished value after a car accident. Those values won’t take into consideration your car’s diminished value – the fact that when potential buyers of your vehicle learn about your vehicle’s accident history, they’re going to offer you a lot less than what they would be willing to pay for a similar vehicle without an accident history.ĭVCHECK can help you if you’re in this situation. Now that your car’s been in an accident you can’t estimate what you could sell it for by using the excellent or very good Kelley Blue Book values. It would basically be classified as owned lot or rented lot and those two types must be valued separately within its own respective categories.If you’re still using the full Kelley Blue Book values to price your vehicle after a car accident, you’re probably missing the diminished value impact on your car’s value after it’s been in an accident. It is not appropriate to use properties that are not similar in that factor. So when valuing the property you need to determine first whether it is attached to the land or not and then compare it to properties that are similar to yours that are attached if yours is attached or not attached to the land if yours is not attached to the land. If it is not attached to a lot then the value will be based on what other properties have sold for that are not attached to the land. The main value of this property will be in the land if attached to the land. In the MLS, for these type of properties, it is generally advertised as land only, the mobile home has no value if the mobile home is built prior to 1978, cash buyers only. Search for similar properties that have sold within the past year. You can adjust for the difference in square footage, lot size or land value, amenities to the property, condition and any other relevant factor that may affect the value. 5 mile if urban for any other mobile homes that are similar in age. Be sure to search within one mile if suburban, 5 miles if rural and. You will have to look at similarly aged mobile homes that have sold. Lenders will not lend on a mobile home built prior to 1978 so you will only be able to sell it to a cash buyer.
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