Dimished Value Secrets

May
23

My 2002 Mercedes SLK 32 AMG with 36,000 miles was rear ended. What % diminished value is reasonable to expect?

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An insurance appraiser should make a full estimate of repair costs, listing all the pieces to be replaced, repaired or discarded. Add in the cost of labor plus taxes and diminished value, if needed. Then compare to Kelly Blue Book and wholesale value. That should yield a salvage value and help you determine if the AMG is worth saving.

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  1. Phillip S Said,

    An insurance appraiser should make a full estimate of repair costs, listing all the pieces to be replaced, repaired or discarded. Add in the cost of labor plus taxes and diminished value, if needed. Then compare to Kelly Blue Book and wholesale value. That should yield a salvage value and help you determine if the AMG is worth saving.
    References :
    Licensed CA smog inspector.

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